Arch Capital Group Ltd. (OQ:ACGL)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | WATERLOO HOUSE GROUND FLOOR, 100 PITTS BAY ROAD PEMBROKE HM 08 |
| Tel: | N/A |
| Website: | https://www.archgroup.com |
| IR: | See website |
| Key People | ||
| Nicolas Papadopoulo President, Chief Underwriting Officer of Arch Capital, Chief Executive Officer of Arch Worldwide Insurance Group | Jay Rajendra Chief Strategy and Innovation Officer | Marc Grandisson Chief Executive Officer, Director |
| Francois Morin Chief Financial Officer, Executive Vice President, Treasurer | David E. Gansberg Chief Executive Officer of Global Mortgage Group | Louis T. Petrillo President, General Counsel of Arch Capital Services LLC |
| Maamoun Rajeh Chairman and Chief Executive Officer of Arch Worldwide Reinsurance Group | Christine L. Todd Senior Vice President, Chief Investment Officer and President of Arch Investment Management Ltd. | Jennifer Centrone Executive Vice President, Chief Human Resources Officer of Arch Capital Services LLC | Chris Hovey Chief Operations Officer of Arch Capital Services LLC |
| Business Overview |
| Arch Capital Group Ltd. is a Bermuda-based company, which provides insurance, reinsurance and mortgage insurance through its subsidiaries. The insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; professional lines; programs; property, energy, marine and aviation; travel, accident and health; warranty and lenders solutions, and others (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of its reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other (consisting of life reinsurance and other). The mortgage segment includes its United States primary mortgage insurance business, investment and services related to United States credit-risk transfer. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Arch Capital Group Ltd. revenues increased 34% to $13.22B. Net income applicable to common stockholders increased from $1.44B to $4.4B. Revenues reflect Investment Income, Gross - Insurance increase of 94% to $1.1B. Net income benefited from Expense Ratio -%-Mortgage decrease of 60% to 1.4%, Loss Ratio -%-Mortgage increase of 68% to -8.9%. |
| Employees: | 6,400 as of Feb 16, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $36,312M as of Dec 31, 2023 |
| Annual revenue (TTM): | $13,222M as of Dec 31, 2023 |
| EBITDA (TTM): | $5,573M as of Dec 31, 2023 |
| Net annual income (TTM): | $4,403M as of Dec 31, 2023 |
| Free cash flow (TTM): | $5,657M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,809M as of Dec 31, 2023 |
| Shares outstanding: | 375,145,392 as of Mar 13, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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