For the quarter ended December 2023, Arch Capital Group (ACGL) reported revenue of $3.67 billion, up 24.5% over the same period last year. EPS came in at $2.49, compared to $2.14 in the year-ago quarter.The reported revenue represents a surprise of +0.16% over the Zacks Consensus Estimate of $3.67 billion. With the consensus EPS estimate being $1.94, the EPS surprise was +28.35%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2023 fourth quarter results. The results included: Net income available to Arch common shareholders of $2.3 billion, or $6.12 per share, representing a 58.2% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $849 million, or $2.26 per share, for the 2022 fourth quarter. Fourth quarter results were impacted by the est ...

Arch Capital Group Ltd. (ACGL) is slated to report fourth-quarter 2023 earnings on Feb 14, after market close. The insurer delivered an earnings surprise in each of the last four quarters, the average beat being 26.83%.Factors to ConsiderGrowth in new business as well as in existing accounts and rate increases in the Insurance and Reinsurance segments are likely to have favored net premiums earned.The Zacks Consensus Estimate for net premiums earned is pegged at $3.4 billion, indicating an increase of 22.5% ...

In its upcoming report, Arch Capital Group (ACGL) is predicted by Wall Street analysts to post quarterly earnings of $1.94 per share, reflecting a decline of 9.4% compared to the same period last year. Revenues are forecasted to be $3.67 billion, representing a year-over-year increase of 24.3%.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ini ...

Looking for the best insurance stocks to buy in January 2024? Some say that “risk happens slowly, then all at once.” This notion highlights the value of minimizing risk and protecting yourself—and getting insurance is an excellent way to do both. They help consumers safeguard their livelihood, health, and other assets. Recent turbulent years have increased consumer interest in insurance, opening the door to potentially successful investments in insurance stocks. Their risk management-centric businesses can ...

Per the latest Earnings Preview, the Finance sector’s fourth-quarter 2023 earnings are expected to decrease 0.8%. Revenues are estimated to rise 2.6%. Results of Insurance, one of the Finance sector industries, are likely to reflect better pricing and exposure growth, accelerated digitalization and an improved interest rate. However, cat losses are likely to have weighed on profitability.With the help of the Zacks Stock Screener, we have identified five insurers, namely, Arch Capital Group Ltd. (ACGL) , Eve ...

Aon plc (AON) is set to report its fourth-quarter 2023 results on Feb 2, before the opening bell. A strong Reinsurance Solutions performance is expected in the quarter under review, along with increasing costs.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $4.07 suggests a 4.6% increase from the prior-year figure of $3.89. The consensus mark remained stable over the past week. The consensus estimate for fourth-quarter revenues of $3.4 billion indicates a 7.1% ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...

Over the past few trading days, the broader U.S. equity markets witnessed a downtrend owing to higher-than-expected inflation data. Per the latest reports, the consumer price index increased 0.3% in December month over month and 3.4% on a year-over-year basis compared with broader expectations of a 0.2% and 3.2% rise, respectively, primarily due to higher rents and food prices. This portrays that the Federal Reserve’s efforts to slow down inflation to its 2% target will likely remain bumpy in the year ahead ...