Arch Cap Group Ltd Stock Price, News & Analysis

Arch Capital Group Ltd. (NASDAQ: ACGL) reported its Q1 2021 results, showing significant growth. Net income to common shareholders reached $427.8 million, or $1.05 per share, up from $133.7 million a year prior. The after-tax operating income was $239.8 million, or $0.59 per share, with a 7.8% annualized return on equity. Gross premiums written increased by 19.9% to $3.4 billion. The company experienced a combined ratio of 90.7%, improving from 91.5% in Q1 2020. Arch also repurchased 5.3 million shares for $179.3 million, reflecting strong shareholder returns.

Arch Capital Group Ltd. (NASDAQ: ACGL) projects Q1 2021 pretax catastrophe losses ranging from $180 million to $190 million, primarily due to winter storms Uri and Viola. These storms are expected to result in industry-wide losses of $14 billion to $16 billion, with ACGL's losses predominantly from its reinsurance segment. Although estimates are based on preliminary claims, actual losses may vary significantly. The report also notes ongoing exposure to COVID-19 claims.

Arch Capital Group Ltd. [NASDAQ: ACGL] will release its 2021 Q1 financial results after market hours on April 27, 2021. A conference call for investors is scheduled for April 28, 2021, at 11:00 a.m. ET, available via live webcast on the Company’s website. A replay of the call can be accessed from April 28, 2:00 p.m. ET to May 5, 2021. The Company, with approximately $15.8 billion in capital, provides global insurance, reinsurance, and mortgage insurance through its subsidiaries. Forward-looking statements involve risks and uncertainties, and actual results may vary.

Arch Capital Group Ltd. (NASDAQ: ACGL) announced its acquisition of Westpac Lenders Mortgage Insurance Limited (WLMI), a major Australian mortgage insurance provider, with shareholders’ equity of AUD 285.7 million as of September 30, 2020. This agreement allows WLMI to continue as Westpac’s exclusive LMI provider for 10 years. The acquisition aims to strengthen Arch's position in the Australian market and enhance its global mortgage insurance operations. The deal is subject to regulatory approvals and is anticipated to close later this year.

Arch Capital Group Ltd. (NASDAQ: ACGL) reported strong fourth-quarter results for 2020, with net income available to common shareholders of $533.1 million, or $1.30 per share, reflecting a 17.8% annualized return on equity. This compares favorably to $316.0 million, or $0.76 per share, in Q4 2019. After-tax operating income was $230.4 million, or $0.56 per share. Gross premiums written increased by 16.2% to $2.26 billion. The combined ratio improved to 88.3%, though underwriting income decreased by 12.1%. Book value per share rose 5.4% to $30.31. Overall, the results showcased a solid operational performance amidst a challenging market.

Arch Capital Group Ltd. (ACGL) announces that its fourth-quarter 2020 results will be adversely affected by catastrophe losses estimated between $155 million and $165 million. This includes losses from Hurricanes Delta and Zeta and updated estimates from prior events. The company also reported no significant changes in its COVID-19 exposure estimates. There is considerable uncertainty regarding the number of claims and overall damages. As of September 30, 2020, Arch had approximately $15.2 billion in capital, with ongoing assessments around various market risks and the inherent unpredictability of catastrophic events.

Arch Capital Group Ltd. (NASDAQ: ACGL) reports strong financial results for Q3 2023, showcasing a net income of $150 million and a growth in gross written premiums to $1 billion. The combined ratio improved to 92.5, reflecting enhanced underwriting efficiency. The company announced a dividend increase of 10%, demonstrating commitment to shareholder returns. Additionally, Arch's diversified portfolio continues to minimize risk and maximize opportunities in the current market.

Arch Capital Group Ltd. (NASDAQ: ACGL) has announced the promotion of Nicolas Papadopoulo to President and Chief Underwriting Officer effective Jan. 1, 2021. Papadopoulo, who joined the company in 2001, currently oversees multiple segments, including Insurance, Reinsurance, and Mortgage. CEO Marc Grandisson praised Papadopoulo's leadership and underwriting skills, emphasizing the strategic alignment this move brings to the company. As of September 30, 2020, Arch Capital had approximately $15.2 billion in capital.

AM Best has affirmed Arch Capital Group Ltd.'s (ACGL) Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Rating (ICR) of 'aa-'. The outlook for these ratings is stable, reflecting strong operating performance and a robust balance sheet. Arch has demonstrated strong management and risk-adjusted capital position despite market challenges. AM Best's evaluation indicates effective management of the (re)insurance cycles and stress-test scenarios, underlining Arch's resilience. The ratings extend to Arch's subsidiaries, signifying overall stability.