Arch Capital Group Ltd. Announces Updated Catastrophe Loss Estimates and Other Information Related to Operations
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 losses of $110 million to $130 million related to 2018 fourth quarter catastrophic events, primarily due to Hurricane Michael and the California wildfires. Estimated 12 to 15 percent effective tax rate on pre-tax operating income for the 2018 fourth quarter. PEMBROKE, Bermuda--(BUSINESS WIRE)-- During the fourth quarter of 2018, there were a number of catastrophes around the globe, including Hurricane Michael, wildfires in California and a series of smaller events. Arch Capital Group Ltd. [NASDAQ: ACGL] has established a range of pre-tax losses of $110 million to $130 million for these events, net of reinsurance recoveries and reinstatement premiums. For clarity, this estimated range incorporates and updates the $40 million to $60 million range previously disclosed by the Company in its Quarterly Report on Form 10-Q for the 2018 third quarter. The previ
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News
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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