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Arch Capital Group Ltd   (ACGL)
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Price: $87.2200 $-0.06 -0.069%
Day's High: $87.18 Week Perf: 2.96 %
Day's Low: $ 86.84 30 Day Perf: 9.16 %
Volume (M): 23 52 Wk High: $ 90.65
Volume (M$): $ 2,017 52 Wk Avg: $77.06
Open: $87.14 52 Wk Low: $62.10



 Market Capitalization (Millions $) 33,049
 Shares Outstanding (Millions) 379
 Employees 5,200
 Revenues (TTM) (Millions $) 13,634
 Net Income (TTM) (Millions $) 4,442
 Cash Flow (TTM) (Millions $) 225
 Capital Exp. (TTM) (Millions $) 52

Arch Capital Group Ltd

Arch Capital Group Ltd. is a Bermuda public limited liability company, through operations in Bermuda, the United States, Europe, Canada, Australia and Dubai, writes insurance and reinsurance on a worldwide basis. While we are positioned to provide a full range of property, casualty and mortgage insurance and reinsurance lines, we focus on writing specialty lines of insurance and reinsurance.

Our current operations were built on an existing underwriting platform through an underwriting initiative in October 2001 to meet current and future demand in the global insurance and reinsurance markets. Since that time, we have attracted a proven management team with extensive industry experience and enhanced our existing global underwriting platform for our insurance and reinsurance businesses. It is our belief that our underwriting platform, our experienced management team and our strong capital base that is unencumbered by significant pre-2002 risks have enabled us to establish a strong presence in the global insurance and reinsurance markets.
Prior to the 2001 underwriting initiative, our insurance underwriting platform consisted of Arch Insurance (Bermuda), a division of Arch Reinsurance Ltd. (“Arch Re Bermuda”), our Bermuda-based reinsurer and insurer, and our U.S.-licensed insurers, Arch Insurance Company (“Arch Insurance”), Arch Excess & Surplus Insurance Company (“Arch E&S”), Arch Specialty Insurance Company (“Arch Specialty”) and Arch Indemnity Insurance Company (“Arch Indemnity”). We established Arch Insurance Company (Europe) Limited (“Arch Insurance Company Europe”), our United Kingdom-based subsidiary, in 2004, and we expanded our North American presence when Arch Insurance opened a branch office in Canada in 2005. In January 2013, Arch Insurance Canada Ltd. (“Arch Insurance Canada”), a Canada domestic company, commenced operations and replaced the branch office. In 2009, we established a managing agent and syndicate 2012 (“Arch Syndicate 2012”) at Lloyd’s of London (“Lloyd’s”).


Prior to the 2001 underwriting initiative, our reinsurance underwriting platform consisted of Arch Re Bermuda and Arch Reinsurance Company (“Arch Re U.S.”), our U.S.-licensed reinsurer. Our reinsurance operations in Europe began in November 2006 with the formation of a Swiss branch of Arch Re Bermuda, and the formation of a Danish underwriting agency in 2007. In addition to the U.S. reinsurance activities of Arch Re U.S., we launched our property facultative reinsurance underwriting operations in 2007, which underwrite in the U.S., Canada and Europe. We formed Arch Reinsurance Europe Designated Activity Company (formerly Arch Reinsurance Underwriting Europe Limited and referred to as “Arch Re Europe”), our Ireland-based reinsurance company, in 2008. In 2011, we launched treaty operations in

Canada and in April 2012 we acquired the credit and surety reinsurance operations of Ariel Reinsurance Company Ltd. (“Ariel Re”). In May 2015, we obtained complete ownership and effective control of Gulf Reinsurance Limited, previously a joint venture.

Our mortgage group includes the results of Arch Mortgage Insurance Company (“Arch MI U.S.”) and Arch Mortgage Insurance Designated Activity Company (formerly Arch Mortgage Insurance Limited and referred to as “Arch MI Europe”), leading providers of mortgage insurance products and services to the U.S. and European markets, respectively. Arch MI U.S. is approved as an eligible mortgage insurer by Federal National Mortgage Association (“Fannie Mae”) and Federal Home Loan Mortgage Corporation (“Freddie Mac”), each a government sponsored enterprise, or “GSE.” The mortgage segment also includes GSE credit risk-sharing transactions and mortgage reinsurance for the U.S. and Australian markets. See “Operations—Mortgage Operations” for further details on our mortgage operations.


On March 20, 2014, we acquired approximately 11% of Watford Holdings Ltd.’s common equity and a warrant to purchase additional common equity for $100 million. Watford Holdings Ltd. is the parent of Watford Re Ltd., a then newly-formed multi-line Bermuda reinsurance company (together with Watford Holdings Ltd., “Watford Re”). Watford Re raised approximately $1.1 billion of capital. We serve as Watford Re’s reinsurance underwriting manager and Highbridge Principal Strategies, LLC (“Highbridge”), a subsidiary of JPMorgan Chase & Co., manages Watford Re’s investment assets, each under separate long term services agreements. The results of Watford Re are included in our consolidated financial statements. See “Operations—Other Operations” for further details on Watford Re.


The growth of our underwriting platforms was supported through the net proceeds of: (1) an equity capital infusion of $763 million led by funds affiliated with Warburg Pincus LLC and Hellman & Friedman LLC in late 2001; (2) a public offering of 7.5 million of our common shares with net proceeds of $179 million in April 2002; (3) the exercise of class A warrants by our principal shareholders and other investors in September 2002, which provided net proceeds of $74 million; (4) a March 2004 public offering of 4.7 million of our common shares with net proceeds of $179 million; (5) a May 2004 public offering of $300 million principal amount of our 7.35% senior notes due May 2034; (6) a February 2006 public offering of $200 million of our 8.00% series A non-cumulative preferred shares; (7) a May 2006 public offering of $125 million of our 7.875% series B non-cumulative preferred shares; (8) an April 2012 public offering of $325 million of our 6.75% series C non-cumulative preferred shares which was used to redeem all series A and series B preferred shares; and (9) a December 2013 public offering of $500 million principal amount of 5.144% senior notes due November 1, 2043 by Arch Capital Group (U.S.) Inc. (“Arch-U.S.”), a wholly owned subsidiary of ACGL, and fully and unconditionally guaranteed by ACGL.

We classify our businesses into three underwriting segments — insurance, reinsurance and mortgage — and two other operating segments — ‘other’ and corporate (non-underwriting)


Our insurance operations are conducted in Bermuda, the United States, Europe, Canada, Australia and South Africa. Our insurance operations in Bermuda are conducted through Arch Insurance (Bermuda), a division of Arch Re Bermuda, and Alternative Re Limited.
In the U.S., our insurance group’s principal insurance subsidiaries are Arch Insurance, Arch Specialty, Arch Indemnity and Arch E&S. Arch Insurance is an admitted insurer in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam. Arch Specialty is an approved excess and surplus lines insurer in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands and an authorized insurer in one state. Arch Indemnity is an admitted insurer in 49 states and the District of Columbia. Arch E&S, which is not currently writing business, is an approved excess and surplus lines insurer in 47 states and the District of Columbia and an authorized insurer in one state. The headquarters for our insurance group’s U.S. support operations (excluding underwriting units) is in Jersey City, New Jersey. The insurance group has offices throughout the U.S., including four regional offices located in Alpharetta, Georgia, Chicago, Illinois, New York, New York and San Francisco, California and additional branch offices.

In the normal course of business, our insurance group may cede a portion of its premium on a quota share or excess of loss basis through treaty or facultative reinsurance agreements. Reinsurance arrangements do not relieve our insurance group from its primary obligations to insureds. Reinsurance recoverables are recorded as assets, predicated on the reinsurers’ ability to meet their obligations under the reinsurance agreements. If the reinsurers are unable to satisfy their obligations under the agreements, our insurance subsidiaries would be liable for such defaulted amounts. Our principal insurance subsidiaries, with oversight by a group-wide reinsurance steering committee (“RSC”), are selective with regard to reinsurers, seeking to place reinsurance with only those reinsurers which meet and maintain specific standards of established criteria for financial strength. The RSC evaluates the financial viability of its reinsurers through financial analysis, research and review of rating agencies’ reports and also monitors reinsurance recoverables and collateral with unauthorized reinsurers. The financial analysis includes ongoing qualitative and quantitative assessments of reinsurers, including a review of the financial stability, appropriate licensing, reputation, claims paying ability and underwriting philosophy of each reinsurer. Our insurance group will continue to evaluate its reinsurance requirements.

Our reinsurance operations are conducted on a worldwide basis through our reinsurance subsidiaries, Arch Re Bermuda, Arch Re U.S., Arch Re Europe and Gulf Reinsurance Limited. Arch Re Bermuda is a registered Class 4 insurer and long-term insurer and is headquartered in Hamilton, Bermuda. Arch Re U.S. is licensed or is an accredited or otherwise approved reinsurer in 50 states and the District of Columbia and the provinces of Ontario and Quebec in Canada with its principal U.S. offices in Morristown, New Jersey. Our property facultative reinsurance operations are conducted primarily through Arch Re U.S. with certain executive functions conducted through Arch Re Facultative Underwriters Inc. located in Farmington, Connecticut. The property facultative reinsurance operations have offices throughout the U.S., Canada and in Europe. Arch Re Europe, licensed and authorized as a non-life reinsurer and a life reinsurer, is headquartered in Dublin, Ireland with branch offices in Zurich and London.

Our reinsurance group focuses on the following areas:

Casualty: provides coverage to ceding company clients on third party liability and workers’ compensation exposures from ceding company clients, primarily on a treaty basis. Exposures include, among others, executive assurance, professional liability, workers’ compensation, excess and umbrella liability, excess motor and healthcare business.

Marine and aviation: provides coverage for energy, hull, cargo, specie, liability and transit, and aviation business, including airline and general aviation risks. Business written may also include space business, which includes coverages for satellite assembly, launch and operation for commercial space programs.

Other specialty: provides coverage to ceding company clients for non-excess motor, including U.K. business primarily emanating from two clients, and other lines including surety, accident and health, workers’ compensation catastrophe, agriculture, trade credit and political risk.

Property catastrophe: provides protection for most catastrophic losses that are covered in the underlying policies written by reinsureds, including hurricane, earthquake, flood, tornado, hail and fire, and coverage for other perils on a case-by-case basis. Property catastrophe reinsurance provides coverage on an excess of loss basis when aggregate losses and loss adjustment expense from a single occurrence or an aggregation of losses from a covered peril exceed the retention specified in the contract.

Property excluding property catastrophe: provides coverage for both personal lines and commercial property exposures and principally covers buildings, structures, equipment and contents. The primary perils in this business include fire, explosion, collapse, riot, vandalism, wind, tornado, flood and earthquake. Business is assumed on both a proportional and excess of loss basis. In addition, facultative business is written which focuses on commercial property risks on an excess of loss basis.

Other. includes life reinsurance business on both a proportional and non-proportional basis, casualty clash business and, in limited instances, non-traditional business which is intended to provide insurers with risk management solutions that complement traditional reinsurance.
Underwriting Philosophy. Our reinsurance group employs a disciplined, analytical approach to underwriting reinsurance risks that is designed to specify an adequate premium for a given exposure commensurate with the amount of capital it anticipates placing at risk. A number of our reinsurance group’s underwriters are also actuaries. It is our reinsurance group’s belief that employing actuaries on the front-end of the underwriting process gives it an advantage in evaluating risks and constructing a high quality book of business.

 



   Company Address: Waterloo House, Ground Floor Pembroke 0
   Company Phone Number: 278-9250   Stock Exchange / Ticker: NASDAQ ACGL
   


Customers Net Income fell by ACGL's Customers Net Profit Margin fell to

-37.96 %

7.97 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG        4.78% 
HIG        1.95% 
L        0.88% 
MKL   -0.69%    
PGR        1.02% 
TRV        1.1% 
• View Complete Report
   



Arch Capital Group Ltd

Arch Capital Group Ltd. sees substantial earnings boost with $1,831.00 million tax benefit2.

Arch Capital Group Ltd. (ACGL) has shown impressive growth in its most recent fiscal period. The company reported a significant improvement in earnings per share (EPS), which increased by 159.59% year on year to $6.03 per share. Additionally, revenue grew by 29.399% to $3.98 billion.
Comparing Arch Capital Group Ltd.'s revenue growth to its peers in the Property & Casualty Insurance sector, ACGL's growth was faster during the fourth quarter of 2023. While the average revenue rise for other companies in the industry was 7.05% from the fourth quarter of 2022, ACGL reported a remarkable increase of 29.399%.

Arch Capital Group Ltd

ACGL Sets Remarkable Precedent with Consistent Healthy Behavior in Most Recent Fiscal Period

Arch Capital Group Ltd, a leading provider of property and casualty insurance, has reported impressive earnings for its most recent fiscal period. The company's earnings per share soared by an astounding 9300% to $1.88 per share, compared to the previous year. This growth can be attributed to a significant increase in revenue, which rose by 39.508% to $3.33 billion.
In comparison to its industry peers, Arch Capital Group Ltd has outperformed, as the rest of the property and casualty insurance industry reported a revenue increase of only 15.31% during the same period. This highlights the company's strong business performance and its ability to outshine its competitors.

Arch Capital Group Ltd

Arch Capital Group Ltd Announces Significant Top-Line Improvement for Q2 2023, Outperforming Others in Property & Casualty Insurance Sector

Arch Capital Group Ltd (ACGL) has reported impressive financial results for its most recent fiscal period, with a significant increase in its bottom-line. The company's earnings per share (EPS) jumped by 68.27% to $1.75 per share compared to the previous year, while its revenue grew by 42.764% to $3.16 billion.
What sets ACGL apart from its competitors in the Property & Casualty Insurance sector is its strong revenue growth. While the sector's revenue improved by 25.50% during the same period, ACGL managed to outperform with a 42.764% growth rate. This indicates that the company is executing its business strategy effectively and gaining market share.

Arch Capital Group Ltd

Arch Capital Group Ltd Reports Staggering 289.58% Surge in Profits for Q1 2023, Signaling Robust Financial Performance

Investing in the stock market always comes with risks and uncertainties, and making sound decisions requires careful analysis of a company's performance and projections. The recent financial report of the Property & Casualty Insurance company delivered impressive numbers, with revenue soaring by 63.145% to $3.17 billion and a significant improvement in EPS by 289.58% to $1.87 per share. However, despite the positive results, investors must remain cautious and look at all key indicators to make informed decisions.
It is essential to note that Q4 revenue only surged by 3.129% from $3.07 billion, and profits fell by -19.48% from $2.32 per share. The decrease in profits is a warning sign that needs further assessment. The earnings of $717.000 million in the financial period ending March 31, 2023, compared to the net earnings of $197.432 million reported in the financial period ending March 31, 2022, is an impressive growth percentage of 263.16%. Nevertheless, investors must examine the reasons behind this growth, such as the company's strategy, market trends, and competition.






 

Arch Capital Group Ltd's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Arch Capital Group Ltd does not provide revenue guidance.

Earnings Outlook
Arch Capital Group Ltd does not provide earnings estimates.

 
Geographic Revenue Dispersion




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