Arch Capital Group Ltd. Reports 2024 Third Quarter Results
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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snl.com/irweblinkx/corporateprofile.aspx?iid=103577
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2024 third quarter results. The results included:Net income available to Arch common shareholders of $978 million, or $2.56 per share, representing a 19.0% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $713 million, or $1.88 per share, for the 2023 third quarter.After-tax operating income available to Arch common shareholders(1) of $762 million, or $1.99 per share, representing a 14.8% annualized operating return on average common equity(1), compared to $876 million, or $2.31 per share, for the 2023 third quarter.Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $450 million, due in part to Hurricane Helene and a series of other global events.Favorable development in prior year loss reser
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News
- Arch Capital Group Insiders Sell US$17m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- Why This 1 Value Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its price target lowered by analysts at Wells Fargo & Company from $118.00 to $109.00. They now have an "overweight" rating on the stock.MarketBeat
- Arch Capital Group Ltd.'s (NASDAQ:ACGL) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its price target lowered by analysts at Bank of America Co. from $143.00 to $136.00. They now have a "buy" rating on the stock.MarketBeat
ACGL
Earnings
- 10/30/24 - Beat
ACGL
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/12/24 - Form SC
- 11/8/24 - Form 8-K/A
- ACGL's page on the SEC website