Arch Capital Group Ltd. Announces Catastrophe Loss Estimates and Provides Update on Share Repurchase Authorization
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
Estimated pre-tax net catastrophe losses of $330 million to $345 million across the property casualty insurance and reinsurance segments in the 2021 third quarter.Range of estimates includes losses from Hurricane Ida, European floods and other global events.Board of Directors increases share repurchase program to an aggregate of up to $1.5 billion through Dec. 31, 2022. PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. [NASDAQ: ACGL; “the Company”] reports that its 2021 third quarter results will be negatively impacted by the effects of Hurricane Ida and the July flooding events in Central Europe, as well as from other minor global events. As a result, the Company has established a range of pre-tax catastrophe losses of $330 million to $345 million in the 2021 third quarter across its property casualty insurance and reinsurance segments, net of reinsurance recoveries and reinstatement premiums.The Company’s estimates are commensurate with estimated insured losses across t
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News
- Arch Capital Group Ltd. (ACGL) Benefitted From Attractive Market Conditions [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its price target raised by analysts at Morgan Stanley from $104.00 to $109.00. They now have an "overweight" rating on the stock.MarketBeat
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $100.00 price target on the stock.MarketBeat
- Reasons Why Investors Should Retain Arch Capital (ACGL) [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its price target raised by analysts at Evercore ISI from $92.00 to $100.00. They now have an "in-line" rating on the stock.MarketBeat
ACGL
Earnings
- 2/14/24 - Beat
ACGL
Sec Filings
- 4/5/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- ACGL's page on the SEC website