For the quarter ended June 2024, Arch Capital Group (ACGL) reported revenue of $3.94 billion, up 22.7% over the same period last year. EPS came in at $2.57, compared to $1.92 in the year-ago quarter.The reported revenue represents a surprise of +0.66% over the Zacks Consensus Estimate of $3.91 billion. With the consensus EPS estimate being $2.17, the EPS surprise was +18.43%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Arch Capital Group (ACGL) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.43%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $2.06 per share when it actually produced earnings of $2.45, delivering a surprise of 18.93%.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 June 30, 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 on ...

Per the latest Earnings Preview, the Finance sector’s second-quarter 2024 earnings are expected to improve 14.7%. Revenues are estimated to rise 7.2%. 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 four insurers, namely, Arch Capital Group Ltd. (ACGL) , The ...

In the latest trading session, Arch Capital Group (ACGL) closed at $96.40, marking a +0.18% move from the previous day. The stock outpaced the S&P 500's daily loss of 2.32%. Elsewhere, the Dow lost 1.25%, while the tech-heavy Nasdaq lost 3.64%.Coming into today, shares of the property and casualty insurer had lost 5.8% in the past month. In that same time, the Finance sector lost 1.37%, while the S&P 500 gained 1.79%.Analysts and investors alike will be keeping a close eye on the performance of Arch Capital ...

The market expects Arch Capital Group (ACGL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

Eoneren Secular Tailwind It seems to me that investment commentators are generally in two camps over the state of the economy and its impact on markets (and of course, there are all sorts of variations on these two). The first is that the U.S. risks a recession, the Fed is going to cut short-term rates, and long-term interest rates are going to decline. The second is that out of control government spending means there is not going to be a recession (anytime soon) and longer-term interest rates are going to ...

Arch Capital Group (ACGL) ended the recent trading session at $97.16, demonstrating a +0.68% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%.Shares of the property and casualty insurer have depreciated by 0.78% over the course of the past month, outperforming the Finance sector's loss of 2.84% and lagging the S&P 500's gain of 3.78%.The ...

Arch Capital Group Ltd.’s (ACGL) new business opportunities, rate improvement, growth in existing accounts, favorable estimates and a solid capital position make it worth retaining in one’s portfolio.Growth ProjectionsThe Zacks Consensus Estimate for Arch Capital’s 2024 earnings per share indicates an increase of 1.18% from the year-ago reported number. The consensus estimate for revenues is pegged at $16 billion, implying a year-over-year improvement of 18.5%.The consensus estimate for 2025 earnings per sh ...

Macroeconomic headwinds, which include still-high interest rates, ongoing inflationary pressures, poor economic growth and continuing wars across several parts of the world, are some factors that have been inducing market volatility. Also, potential volatility from natural catastrophe losses, as well as higher reinsurance costs, raises a concern.Despite such negatives, the insurance industry has outperformed the Zacks S&P 500 composite and the Finance sector year to date, riding on its solid fundamentals. T ...