Arch Capital Group Ltd. Reports 2024 First Quarter Results
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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snl.com/irweblinkx/corporateprofile.aspx?iid=103577
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2024 first quarter results. The results included:Net income available to Arch common shareholders of $1.1 billion, or $2.92 per share, representing a 24.6% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $705 million, or $1.87 per share, for the 2023 first quarter.After-tax operating income available to Arch common shareholders(1) of $933 million, or $2.45 per share, representing a 20.7% annualized operating return on average common equity(1), compared to $654 million, or $1.73 per share, for the 2023 first quarter.Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $58 million.Favorable development in prior year loss reserves, net of related adjustments, of $126 million.Combined ratio exclud
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ACGL
Earnings
- 4/29/24 - Beat
ACGL
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- ACGL's page on the SEC website