Arch Capital Group (ACGL) reported first-quarter 2024 operating income of $2.45 per share, which beat the Zacks Consensus Estimate by 18.9%. The bottom line jumped 41.6% year over year. The results benefited from improved premiums and higher net investment income.Behind the HeadlineGross premiums written improved 24.1% year over year to $5.9 billion. Net premiums written climbed 19.3% year over year to $4.1 billion on higher premiums written across its Insurance and Reinsurance segments as hard market rates ...

Arch Capital Group (ACGL) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.In ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Arch Capital Group (ACGL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Arch Capital Group is one of 859 companies in the Finance group. The Finance group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different gr ...

Arch Capital Group (ACGL) reported $3.76 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 21.7%. EPS of $2.45 for the same period compares to $1.73 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of -0.24%. The company delivered an EPS surprise of +18.93%, with the consensus EPS estimate being $2.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Arch Capital Group (ACGL) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.93%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $1.94 per share when it actually produced earnings of $2.49, delivering a surprise of 28.35%.Over the last fo ...

EXHIBIT 99.2 Arch Capital Group Ltd. Waterloo House, Ground Floor 100 Pitts Bay Road Pembroke HM 08 Bermuda Financial Supplement March 31, 2024 The following financial supplement is provided to assist in your understanding of Arch Capital Group Ltd. (“Arch”) and its subsidiaries (collectively, the “Company”). This report is for informational purposes only. It should be read in conjunction with documents filed by Arch with the U.S. Securities and Exchange Commission, including the most recent Annual Report o ...

Arch Capital Group Ltd. (ACGL) is set to report first-quarter 2024 earnings on Apr 29, after market close. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $1.96 on revenues of $3.8 billion. The top- and bottom-line estimates imply year-over-year improvements of 19.1% and 22%, respectively.Per our proven model, stocks with a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) are likely to beat on earnings. At present, Arch Capital has a ...

Analysts on Wall Street project that Arch Capital Group (ACGL) will announce quarterly earnings of $2.06 per share in its forthcoming report, representing an increase of 19.1% year over year. Revenues are projected to reach $3.77 billion, increasing 22% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fo ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Arch Capital Group (ACGL) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 29, 2024, might help the stock move higher if these key numbers are better tha ...

Arch Capital Group Ltd.’s (ACGL) subsidiary, Arch Insurance North America, has finalized a master transaction agreement to acquire Allianz’s U.S. MidCorp and Entertainment insurance businesses. Valued at $450 million in cash, this strategic move underscores Arch's commitment to expand its footprint in the middle-market property and casualty segment. The acquisition, estimated to require approximately $1.4 billion in capital support, positions Arch as a significant player in this lucrative market space.Enhan ...