UGC drives Arch to earnings beat in Q1

Arch Group beat consensus expectations for the third quarter in a
row with operating earnings of $1.42 per share versus Wall
Street's $1.32 per share estimate, mostly thanks to added
profits from the United Guaranty Corporation (UGC) mortgage book.
The group's first quarter result was also 21.7 percent ahead
of the prior-year period's performance of $1.17 per share.
Arch delivered a double-digit return on equity (RoE) of 12.6
percent, 2.6 percentage points higher than the corresponding period
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