Profile
Sector:
Financial ServicesIndustry:
Insurance DiversifiedCountry:
BermudaIPO:
14 September 1995Website:
http://www.archgroup.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 22:18:46 GMTDividend
Analysts recommendations
Institutional Ownership
ACGL Latest News
Arch Capital Group Ltd. (NASDAQ:ACGL) will hold its Q3 2024 Results Conference Call on October 31, 2024, at 11:00 AM ET. The call will feature company leaders, including CEO Nicolas Papadopoulo and CFO Francois Morin, along with various analysts from major financial institutions. The operator will now begin the call, welcoming everyone to the discussion.
ACGL's Q3 results show good outcomes from new business chances, growth across all sectors, and an increase in invested assets.
While the revenue and earnings per share (EPS) for Arch Capital (ACGL) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Arch Capital Group (ACGL) reported quarterly earnings of $1.99 per share, which is higher than the Zacks Consensus Estimate of $1.94 per share. This is a decrease compared to earnings of $2.31 per share from the same period last year.
In addition to Wall Street's predictions for Arch Capital's (ACGL) earnings, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in September 2024.
In the most recent trading session, Arch Capital Group (ACGL) finished at $107.79, which is a decrease of 0.65% compared to the day before.
At the end of the last trading day, Arch Capital Group (ACGL) was priced at $107.47, which represents a decrease of 0.55% compared to the previous day.
The U.S. property and casualty market is expected to grow at a rate of 6.4% each year from 2024 to 2030, which benefits Arch's varied portfolio. In the second quarter of 2024, ACGL's mortgage insurance division kept a strong credit quality, with 69.5% of new loans having FICO scores over 740. If interest rates decrease by 50 basis points, the Company's fixed-income portfolio could rise by about $378 million.
PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (“Arch” or “the Company”) announced that it held a private memorial on October 14 in New York City to remember former CEO Dinos Iordanou. The event was attended by family, friends, and long-time colleagues, celebrating Iordanou's significant impact on Arch and the insurance sector. Nicolas Papadopoulo described him as a vibrant, generous person and an inspiring role model.
Arch Capital (ACGL) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.
What type of business is Arch Capital?
Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products. It also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; employer's liability; contract and commercial surety coverages; and collateral protection, debt cancellation, and service contract reimbursement products. This segment markets its products through a group of licensed independent retail and wholesale brokers. Its Reinsurance segment provides casualty reinsurance for third party liability exposures; marine and aviation; motor reinsurance, whole account multi-line treaties, cyber, trade credit, surety, accident and health, workers' compensation catastrophe, agriculture, trade credit, and political risk products; reinsurance protection for catastrophic losses, and personal lines and commercial property exposures; life reinsurance; casualty clash; and risk management solutions. This segment markets its reinsurance products through brokers. The company's Mortgage segment offers direct mortgage insurance and mortgage reinsurance. The company was founded in 1995 and is based in Pembroke, Bermuda.
What sector is Arch Capital in?
Arch Capital is in the Financial Services sector
What industry is Arch Capital in?
Arch Capital is in the Insurance Diversified industry
What country is Arch Capital from?
Arch Capital is headquartered in Bermuda
When did Arch Capital go public?
Arch Capital initial public offering (IPO) was on 14 September 1995
What is Arch Capital website?
https://www.archgroup.com
Is Arch Capital in the S&P 500?
Yes, Arch Capital is included in the S&P 500 index
Is Arch Capital in the NASDAQ 100?
No, Arch Capital is not included in the NASDAQ 100 index
Is Arch Capital in the Dow Jones?
No, Arch Capital is not included in the Dow Jones index
When was Arch Capital the previous earnings report?
No data
When does Arch Capital earnings report?
Next earnings report date is not announced yet