Welcome to our dedicated page for Arch Cap Group news (Ticker: ACGL), a resource for investors and traders seeking the latest updates and insights on Arch Cap Group stock.
Arch Capital Group Ltd (ACGL) provides specialty insurance, reinsurance, and mortgage solutions across global markets. This news hub aggregates official press releases and financial updates from the Bermuda-based underwriter, offering investors centralized access to material developments.
Track ACGL's corporate announcements including earnings reports, strategic initiatives, leadership changes, and regulatory updates. The curated collection spans all business segments: property/casualty insurance, catastrophe reinsurance programs, and mortgage risk management solutions serving North American and international markets.
Key resources include filings related to underwriting performance, capital allocation decisions, and partnership developments. Bookmark this page for efficient monitoring of ACGL's market positioning in competitive insurance sectors, with updates organized chronologically for quick reference.
Arch Capital Group Ltd. (NASDAQ: ACGL) reported strong financial results for Q1 2023, showing net income of $705 million or $1.87 per share, a significant increase from $186 million or $0.48 per share in Q1 2022. The annualized net income return on average common equity reached 22.3%.
After-tax operating income stood at $654 million, equating to $1.73 per share, up from $422 million or $1.10 per share year-over-year. Although the combined ratio rose to 80.6% from 78.7% in the prior year, the company reported favorable developments in prior year loss reserves of $126 million. Book value per common share climbed to $35.35, reflecting an 8.4% increase from the end of 2022.
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