Arch Capital Group Ltd. Announces Loss Estimates and Other Information Related to COVID-19 Pandemic
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=103577
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Source: Business Wire
Estimated pre-tax net losses of $85 million to $95 million across property casualty insurance and reinsurance segments, for exposure to COVID-19 global pandemic claims as of March 31, 2020.Estimated pre-tax net losses of $40 million to $50 million in the mortgage segment, as a result of financial stress due to the COVID-19 global pandemic. These incurred losses are largely a result of our loss reserving selections being set at the higher end of our range of indications across the mortgage segment as of March 31, 2020. Net investment income on the investment portfolio to be approximately $110 million to $115 million in the 2020 first quarter.Total return on core investment portfolio (excluding Watford) is expected to be in the range of -0.65% to -0.95%. PEMBROKE, Bermuda--(BUSINESS WIRE)--On March 11, 2020, the World Health Organization declared a pandemic in relation to the outbreak of COVID-19. The outbreak is causing unprecedented social disruption, global economic volatility,
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- 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
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