PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL) today announced it expects to release its 2023 fourth quarter results after the close of regular stock market hours on Wednesday, Feb. 14. The Company will hold a conference call for investors and analysts at 11 a.m. ET on Thursday, Feb. 15. A live webcast of this call will be available via the Investors section of the Company’s website at http://www.archgroup.com/investors. A recording of the webcast will be available in the Inves ...

Arch Capital Group Ltd.’s (ACGL) shares have rallied 23% in a year, outperforming the industry’s growth of 11.7%, the Finance sector’s rise of 12.3% and the Zacks S&P 500 composite’s increase of 21.9%. With a market capitalization of $28.8 billion, the average volume of shares traded in the last three months was 2 million.Business opportunities, rate increases, growth in existing accounts and a solid capital position continue to drive this Zacks Rank #2 (Buy) insurer’s performance. This leading specialty P& ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-16209 ARCH CAPITAL GROUP LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0374481 (State or other jurisdiction of incorporation or organization) (I ...

Financial Data and Key Metrics Changes - The company reported an annualized operating return of 25% and a 4% increase in book value per share, reaching $38.62 as of September 30, 2023, which is up 4.3% for the quarter and 18.4% year-to-date [5][18] - Underwriting income for the quarter was $721 million, with a combined ratio of 80% for the reinsurance segment and 90.9% for the insurance segment [5][10][19] - Net cash flow from operating activities exceeded $4 billion, contributing to a 20% growth in the invested asset base over the last 12 months [23] Business Line Data and Key Metrics Changes - The property and casualty segment achieved $3 billion in net premiums, a 26% increase year-over-year [6] - The reinsurance group saw net premiums written of $1.6 billion, up 45% from the same quarter in 2022, with a combined ratio of 80% [10][19] - The insurance segment's net premiums written increased by 16% over the past 12 months, with strong growth in small- and medium-sized specialty accounts [10][19] Market Data and Key Metrics Changes - The current hard market is expected to persist, with increasing evidence that casualty rates are underpriced and oversold [8] - The mortgage segment's underwriting profit included approximately 40% from non-U.S. operations, indicating a strategic diversification yielding positive results [12][13] - The company noted that the investment side is in a positive cycle, with new money rates exceeding book yields, which should enhance investment income over time [13] Company Strategy and Development Direction - The company aims to capitalize on favorable market conditions and is well-positioned to navigate various insurance cycles by reallocating capital to segments with the best risk-adjusted returns [7][15] - The management emphasized a data-driven approach to capital management, focusing on superior risk selection and prudent reserving [15] - The company is committed to maintaining a disciplined approach in the mortgage insurance market while exploring growth opportunities in both insurance and reinsurance segments [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing hard market supporting profitable growth, despite potential shifts in dynamics [7][8] - The company anticipates continued opportunities in liability insurance as the market evolves [10] - Management highlighted the importance of maintaining a strong capital base, which currently stands at $18 billion, providing flexibility for future capital deployment [23] Other Important Information - The company reported $180 million in current accident year catastrophe losses, with half related to U.S. severe convective storms [22] - The leverage ratio is under 20%, indicating a strong capital position [23] - The company is actively monitoring reserve adequacy in the casualty market, particularly in the context of social inflation and litigation funding [31][62] Q&A Session Summary Question: Thoughts on January 1 property cat renewals on the reinsurance side - Management expects improvements in rates for the January 1, 2024 renewals, though not as significant as the previous year [26] Question: Timing of casualty market developments - Management indicated that the liability market will take longer to stabilize, with a focus on evaluating reserves and client needs [28] Question: Industry reserves in casualty - Management acknowledged pressures in reserves and noted that larger accounts are likely to feel more pressure than smaller ones [32] Question: Mortgage insurance outlook and COVID-related reserves - Approximately 85% of reserves are from post-COVID years, and management remains cautious about delinquencies and market conditions [34][36] Question: Sustainability of double-digit insurance premium growth - Management suggested that while growth may decelerate, there is potential for returning to double-digit growth in the future [39] Question: Investment portfolio duration strategy - Management is considering extending the duration of the asset portfolio if interest rates become more favorable [41] Question: Capital deployment priorities - Management emphasized the importance of capital flexibility and the ability to deploy capital in favorable market conditions [42] Question: Retention of premiums and profitability - Management confirmed that increased retention is a result of improved capital availability and a focus on profitable lines of business [51][54] Question: Discretionary compensation patterns - Management indicated that compensation decisions are made in the first quarter, with a careful approach to avoid volatility in expenses [56] Question: Casualty reinsurance market dynamics - Management noted that the industry is facing challenges due to social inflation and increased litigation funding, impacting reserve adequacy [62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-16209 ARCH CAPITAL GROUP LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0374481 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

Arch Capital Group Ltd (NASDAQ:ACGL) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Marc Grandisson - CEO & Director Francois Morin - EVP, CFO & Treasurer Conference Call Participants Elyse Greenspan - Wells Fargo Securities Tracy Benguigui - Barclays Bank Jamminder Bhullar - JPMorgan Chase & Co. Michael Zaremski - BMO Capital Markets Joshua Shanker - Bank of America Merrill Lynch Meyer Shields - KBW Brian Meredith - UBS Ryan Tunis - Autonomous Research Yaron Kinar - Jefferi ...

Financial Performance - The company reported a net income of $1.1 billion for the first quarter of 2023, compared to $900 million for the same period in 2022, representing a year-over-year increase of approximately 22.2%[9]. - Total revenues for Q1 2023 reached $3,168 million, a 63.2% increase from $1,942 million in Q1 2022[15]. - Net income for Q1 2023 was $717 million, compared to $198 million in Q1 2022, representing a 262.1% increase[16]. - Basic net income per common share for Q1 2023 was $1.92, compared to $0.50 in Q1 2022, marking a 284% increase[15]. - Comprehensive income for Q1 2023 was $1,066 million, significantly higher than a loss of $387 million in Q1 2022[16]. - After-tax operating income available to Arch common shareholders was $654 million in Q1 2023, up from $422 million in Q1 2022[145]. - The annualized net income return on average common equity for Q1 2023 was 22.3%, significantly up from 6.0% in Q1 2022[137]. - The Operating ROAE for Q1 2023 was 20.7%, compared to 13.6% in Q1 2022, indicating improved performance[137]. Premiums and Underwriting - Gross premiums written for Q1 2023 totaled $4.78 billion, an increase from $3.80 billion in Q1 2022, representing a growth of 25.9%[35]. - Net premiums earned increased to $2,883 million in Q1 2023, up from $2,121 million in Q1 2022, reflecting a 36% growth[15]. - The insurance segment's net premiums written in Q1 2023 were $1,437 million, a 19.1% increase compared to $1,207 million in Q1 2022[153]. - The reinsurance segment's net premiums written in Q1 2023 were $1,726 million, a 51.5% increase from $1,139 million in Q1 2022[165]. - The mortgage segment's net premiums earned for Q1 2023 were $296 million, a 2.1% increase from $290 million in Q1 2022[181]. Expenses and Losses - Total expenses for Q1 2023 were $2,426 million, a 38.0% increase from $1,757 million in Q1 2022[15]. - Losses and loss adjustment expenses for Q1 2023 were $1,471 million, up from $1,001 million in Q1 2022, indicating a 47% increase[15]. - The total net incurred losses and loss adjustment expenses for Q1 2023 were $1,471 million, an increase from $1,001 million in Q1 2022[40]. - The company ceded $1,045 million in losses and LAE for the quarter, compared to $937 million in the same quarter of the previous year, reflecting an 11.5% increase[206]. Assets and Liabilities - Total assets increased to $51.1 billion as of March 31, 2023, compared to $48.0 billion at the end of 2022, reflecting a growth of approximately 4.6%[14]. - Total liabilities increased to $37.1 billion from $35.1 billion, which is an increase of about 5.7%[14]. - The company’s cash position decreased to $803 million from $855 million, a decline of approximately 6.1%[14]. - The net reserve for losses and loss adjustment expenses at the end of Q1 2023 was $14,411 million, up from $12,399 million at the end of Q1 2022[40]. Investment Performance - The company reported net investment income for Q1 2023 of $199 million, compared to $80 million in Q1 2022, showing a substantial increase of 148.8%[35]. - The total return on investments for Q1 2023 was 2.54%, compared to a negative return of (3.07)% in Q1 2022, driven by strong fixed income portfolio performance[139]. - The company recorded net realized gains of $17 million in the first quarter of 2023, a recovery from a loss of $292 million in the first quarter of 2022[73]. - The company reported investments in exchange-traded funds totaling $554 million as of March 31, 2023, slightly down from $570 million at the end of 2022[206]. Market Conditions and Risks - The company is monitoring changes in general economic conditions, including sovereign debt concerns, which could impact its financial condition and results of operations[7]. - The company’s investment performance is subject to legislative or regulatory developments that may adversely affect the fair value of investments[7]. - Inflation remains a focus for the company, which is proactively analyzing data to incorporate emerging trends into pricing and reserving strategies[133]. Shareholder Equity - Shareholders' equity available to Arch increased to $14.0 billion from $12.9 billion, reflecting a growth of approximately 8.4%[14]. - The company’s total shareholders' equity increased to $13,988 million in Q1 2023, compared to $12,920 million in Q1 2022[18]. - As of March 31, 2023, Arch Capital Group Ltd. reported a book value per share of $35.35, reflecting an 8.4% increase from $32.62 at December 31, 2022[133]. Segment Performance - The mortgage segment generated $243 million in underwriting income during the first quarter of 2023, with a delinquency rate of 1.65%, the lowest since March 31, 2020[133]. - The reinsurance segment's combined ratio improved to 84.3% in Q1 2023 from 86.6% in Q1 2022, indicating better underwriting performance[162]. - The insurance segment's current year loss ratio for Q1 2023 was 55.9%, down from 58.5% in Q1 2022, reflecting a 2.4-point improvement[158].

Arch Capital Group Ltd (NASDAQ:ACGL) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET Company Participants Marc Grandisson - CEO & Director Francois Morin - EVP, CFO & Treasurer Conference Call Participants Elyse Greenspan - Wells Fargo Securities Jamminder Bhullar - JPMorgan Chase & Co. Tracy Benguigui - Barclays Bank Michael Zaremski - BMO Capital Markets Joshua Shanker - Bank of America Merrill Lynch Meyer Shields - KBW Brian Meredith - UBS Yaron Kinar - Jefferies Operator Good day, ladies and ...