Arch Cap Group Ltd Stock Price, News & Analysis

Arch Capital Group Ltd. (NASDAQ: ACGL) is set to release its 2022 first-quarter results post-market on April 27, 2022. The company will host a conference call for investors on April 28, 2022, at 11:00 a.m. ET. Investors can access a live webcast through the Investors section of its website. A recording will be available after 2:00 p.m. ET on the same day. The company, based in Bermuda, reported approximately $16.3 billion in capital as of December 31, 2021.

Arch Capital Group Ltd. (NASDAQ: ACGL) reported robust results for Q4 2021, marking significant growth compared to Q4 2020. Net income available to common shareholders surged to $613.1 million, or $1.58 per share, reflecting a 19.4% annualized return on equity. After-tax operating income was $493.3 million, or $1.27 per share. The company's gross premiums written reached $2.86 billion, a 26.8% increase year-over-year. The combined ratio was 77.6%, a notable improvement from 88.3% in the previous year. Share repurchases totaled 8.7 million shares at $362.1 million during the quarter.

Arch Capital Group Ltd. (NASDAQ: ACGL) plans to announce its fourth quarter 2021 results on February 9, 2022, after market hours. An investor conference call is scheduled for February 10, 2022, at 11:00 a.m. Eastern Time. A live webcast will be available on the company's website. A replay of the call will be accessible from February 10 until February 17, 2022. Arch Capital, headquartered in Bermuda, has approximately $16.1 billion in capital as of September 30, 2021.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'aa-' (Superior) for Arch Reinsurance Ltd. and its affiliates. Arch Capital Group Ltd. (NASDAQ: ACGL) also received affirmed ratings with stable outlooks. The ratings reflect Arch's strongest balance sheet strength, strong operating performance, and favorable business profile. The stable outlook indicates expectations of continued robust balance sheet strength and stable operations.

Arch Capital Group Ltd. (NASDAQ: ACGL) announced the rebranding of Watford Holdings Ltd. to Somers Group Holdings Ltd. as part of a strategic repositioning. This initiative aims to adopt a more traditional reinsurance model, backed by Arch's expertise. The rebranding has received an A- stable Financial Strength Rating from AM Best. New leadership appointments include Liz Cunningham as CEO and Sioned Butler as CFO. The strategic shift follows the acquisition of French insurer Axeria IARD, enhancing Somers' product offerings and positioning in the insurance market.

Arch Capital Group Ltd. (NASDAQ: ACGL) reported Q3 2021 net income of $388.8 million ($0.98/share), down 4.2% YoY. After-tax operating income surged to $294.7 million ($0.74/share) from $120.3 million ($0.29/share) in Q3 2020. Key losses included $335.9 million from Hurricane Ida and global events. The combined ratio improved to 91.4% from 94.9% YoY. Gross premiums rose 19.6% to $3.2 billion, while net premiums written grew 10.8%. The percentage of loans in default in mortgage insurance fell to 2.67% from 3.11%. Book value rose to $32.43, up 12.8% YoY.

Arch Mortgage Insurance Company released its Fall Housing and Mortgage Market Review, forecasting that while U.S. home prices, driven by demand and low mortgage rates, reached record highs, affordability challenges will slow future price gains. Chief Economist Parker Ross notes the anticipated rise in mortgage rates will stabilize home price appreciation. The report reviews housing demand factors, including Millennial trends and the effect of the pandemic on urban to suburban migration.

Arch Capital Group Ltd. reported estimated pre-tax net catastrophe losses of $330 million to $345 million for Q3 2021, primarily due to Hurricane Ida and European flooding. These losses constitute two-thirds from the reinsurance segment. The global property/casualty insurance industry endured approximately $45 billion in insured losses this quarter. Additionally, the Board of Directors has authorized a share repurchase program of up to $1.5 billion through Dec. 31, 2022, aiming to enhance shareholder value.