Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Arch Capital Group (ACGL) , which belongs to the Zacks Insurance - Property and Casualty industry.This property and casualty insurer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 33.18%.For the last reported quarter, Arch Capital ...

NEW YORK--(BUSINESS WIRE)--Arch Insurance North America (Arch Insurance) today announces the appointment of Prabhu Venkataraman as Chief Information Officer. In this role, Venkataraman is responsible for leading technology implementation and services across the segment, with a particular focus on strategic alignment, data enablement and empowering the business. He reports to Prashant Nema, Executive Vice President and Chief Information Officer of Arch Capital Services LLC and Brian First, President of Ar ...

Investors searching for value will want to pay attention to a few top-rated Zacks stocks that are standing out among the finance and medical sectors.With “A” Zacks Style Scores grades for Value here are three stocks with fundamental valuations that shouldn't be overlooked at the moment.Arch Capital Group (ACGL) : Insurance giant Arch Capital sports a Zacks Rank #2 (Buy) and is a formidable investment prospect in terms of growth and value.Offering a variety of underwritings for insurance, reinsurance, and mo ...

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& ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks has developed ...

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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. ...