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Arch Capital Group Ltd (ACGL)
NASDAQ:ACGL
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.84Last Year’s EPS
$2.49Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -8.99%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance with significant growth in key segments and robust investment income. However, the impact of high catastrophe losses and increased loss ratios were notable challenges.Company Guidance
During the Arch Capital Group Ltd. (ACGL) Q3 2024 earnings call, management provided guidance detailing several key financial metrics. The company reported an annualized operating return on equity of 14.8% and an 8.1% increase in book value per share. Despite $450 million in catastrophe losses, including Hurricane Helene, the company maintained a strong combined ratio of 86.6%. The insurance segment achieved $1.8 billion in net premiums with $120 million in underwriting income, while the reinsurance segment saw net premiums rise by 24% to over $1.9 billion. The mortgage segment contributed $269 million in underwriting income, supported by favorable credit conditions. Arch Capital's investment portfolio generated $399 million in net investment income, further bolstering the company's financial performance. Looking forward, the company remains focused on disciplined underwriting and capital allocation to navigate market opportunities.Strong Operating Performance
Arch Capital reported a third-quarter after-tax operating income of $1.99 per share with an annualized operating return on average common equity of 14.8%. Book value per share increased by 8.1% for the quarter and 21.4% year-to-date.
Growth in Insurance and Reinsurance Segments
The insurance segment achieved $1.8 billion in net premiums, a 20% growth driven by the acquisition of MidCorp and entertainment business, while reinsurance net premiums grew by 24.5% to over $1.9 billion.
Excellent Mortgage Segment Performance
The mortgage segment contributed $269 million in underwriting income with a combined ratio of 14.8%, benefiting from strong credit conditions and favorable house price appreciation.
Robust Investment Income
Arch Investment Management generated $399 million in net investment income for the quarter, supporting growth in assets under management.
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ACGL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $99.98 | $93.72 | -6.26% |
| Jul 30, 2024 | $93.38 | $91.08 | -2.46% |
| Apr 29, 2024 | $86.77 | $88.95 | +2.51% |
| Feb 14, 2024 | $80.70 | $83.11 | +2.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arch Capital Group Ltd (ACGL) report earnings?
Arch Capital Group Ltd (ACGL) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Arch Capital Group Ltd (ACGL) earnings time?
Arch Capital Group Ltd (ACGL) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACGL EPS forecast?
ACGL EPS forecast for the fiscal quarter 2024 (Q4) is $1.84.
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