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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year EndedDecember 31, 2022 Commission File No.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. Employer ...

Arch Capital Group Ltd. (NASDAQ:ACGL) Q4 2022 Results Conference Call February 14, 2023 11:00 AM ET Company Participants Marc Grandisson - CEO Francois Morin - CFO Conference Call Participants Tracy Benguigui - Barclays Michael Zaremski - BMO Jamminder Bhullar - JPMorgan Brian Meredith - UBS Yaron Kinar - Jefferies Ryan Tunis - Autonomous Elyse Greenspan - Wells Fargo Meyer Shields - KBW Operator Good day, ladies and gentlemen. And welcome to Arch Capital Group Fourth Quarter 2022 Earnings Call. At this ti ...

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 ended September 30, 2022 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) ( ...

Arch Capital Group Ltd. (NASDAQ:ACGL) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET Company Participants Marc Grandisson - CEO Francois Morin - CFO and Treasurer Conference Call Participants Jamminder Bhullar - JPMorgan Elyse Greenspan - Wells Fargo Michael Zaremski - BMO Yaron Kinar - Jefferies Tracy Benguigui - Barclays Josh Shanker - Bank of America Michael Phillips - Morgan Stanley Operator Good day, ladies and gentlemen. And welcome to the Third Quarter 2022 Arch Soft Capital Group Earn ...

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 ended June 30, 2022 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 ...

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 ended March 31, 2022 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. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 Commission File No. 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. Employ ...