PEMBROKE, Bermuda $(AP)$ — PEMBROKE, Bermuda (AP) — Arch Capital Group Ltd. $(ACGL)$ on Tuesday reported first-quarter net income of $574 million.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of $1.48. Earnings, adjusted for non-recurring costs, came to $1.54 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The property and casualty insurer posted revenue of $4.67 billion in the period. Its adjusted revenue was $4.56 billion, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $4.61 billion.

Arch Capital shares have increased slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $92.39, an increase of 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACGL at https://www.zacks.com/ap/ACGL