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.
Simply Business, a Boston-based digital insurance company, has partnered with Arch Insurance to provide monoline professional liability solutions for small business owners in the U.S. This collaboration aims to enhance the selection of professional liability products available on the Simply Business platform. Group CEO David Summers emphasized the importance of offering choices to cater to the unique needs of each small business. Arch Capital Group's Chief Strategy Officer, Jay Rajendra, expressed eagerness for a long-term partnership focused on delivering excellent digital solutions.
Arch Insurance North America has promoted Brian First to President, effective December 1. First, previously Chief Underwriting Officer, will oversee business units and operations teams. Joining Arch in 2014, he has 30 years of industry experience. CEO Matt Shulman praised First's leadership and insights as crucial for their ambitious goals. First's role includes overseeing several executive vice presidents in underwriting and operations, focused on enhancing capabilities and service delivery.
Arch Capital Group Ltd. (NASDAQ: ACGL) reported its 2022 third quarter results, revealing a net income of $6.9 million, down significantly from $388.8 million in the same period of 2021. The after-tax operating income also dropped to $106 million from $294.7 million year-over-year. Catastrophic losses amounted to $550.8 million, primarily due to Hurricane Ian. The combined ratio was reported at 97.3%, up from 91.4% in the previous year. Book value per common share decreased by 5.4% to $29.69. Gross premiums written increased by 20.4%, but significant underwriting losses were noted across segments.
Arch Capital Group Ltd. reported estimated pre-tax net catastrophe losses of
Arch Capital Group Ltd. (NASDAQ: ACGL) plans to release its Q3 2022 results on Wednesday, Oct. 26, post-market. The company will host a conference call for investors and analysts at 11 a.m. ET on Thursday, Oct. 27 to discuss these results. A live webcast will be accessible on its website, with an archived recording available two hours after the event for one year. As of June 30, 2022, Arch Capital held approximately $15.1 billion in capital, specializing in global insurance, reinsurance, and mortgage insurance.
Arch Capital Group Ltd. (NASDAQ: ACGL) reported its Q2 2022 results, with a net income of $394.2 million ($1.04 per share), a decrease from $663.8 million ($1.63 per share) in Q2 2021. The annualized net income return on equity stood at 13.3%. After-tax operating income rose to $506.5 million ($1.34 per share), up from $407.2 million ($1.00 per share) the previous year. Gross premiums increased by 17.8% to $3.87 billion. The combined ratio, excluding catastrophic events, was 80.8%. Shareholder equity decreased by 2.5% compared to March 2022, with a book value of $31.37 per share.
Arch Capital Group Ltd. (NASDAQ: ACGL) will release its 2022 second quarter results on
Arch Capital Group Ltd. (NASDAQ: ACGL) reported its Q1 2022 financial results, revealing a net income of $185.6 million ($0.48 per share), down from $427.8 million ($1.05 per share) in Q1 2021. The company’s after-tax operating income was $422 million ($1.10 per share), significantly higher than $239.8 million ($0.59 per share) a year earlier. Total gross premiums written increased by 11.9% to $3.8 billion. The combined ratio improved to 78.7% from 90.7%, showcasing operational efficiency despite $85.8 million in catastrophic losses tied to global events such as the Ukraine crisis.
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.
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