earnings
confidence high
sentiment negative
materiality 0.80
Arch Capital Q4 net income $925M ($2.42 EPS); cat losses $393M; estimates $450-550M from California wildfires
ARCH CAPITAL GROUP LTD.
2024-FY EPS reported
$11.19
revenue$17,440,000,000
- Net income available to common shareholders $925M ($2.42 diluted EPS), down from $2.3B ($6.12) in Q4 2023.
- Pre-tax cat losses of $393M from Hurricanes Milton and Helene; combined ratio 85.0% vs 78.9% a year ago.
- After-tax operating income $866M ($2.26 per share) vs $945M ($2.49) prior year; operating ROE 16.7%.
- CEO estimates California wildfire losses for Arch between $450M and $550M; insured market loss $35-45B.
- Book value per share $53.11, down 6.8% from Sept 30 due to $5.00 special dividend paid Dec 4.