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ACGL Arch Capital News Story

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FinancialsConservativeLarge CapSuper Stock

Arch Capital falls after Q4 profit drop

** Insurer Arch Capital Group's  ACGL.O  shares fall over 4%
to $87.79 in morning trading
    ** Co reported a more than 60% fall in quarterly profit on
Monday
    ** Profit available to common shareholders was $925 million,
or $2.42 per share, for the three months ended December 31,
compared with $2.32 billion, or $6.12 per share, last year
    ** Co's losses and loss adjustment expenses jumped 45.6% to
$2.38 bln
    ** Co forecast its share of the California wildfires-related
losses between $450 million and $550 million
    ** Thirteen of 17 brokerages rate the stock "buy" or higher,
and 4 "hold"; their median PT is $120 - data compiled by LSEG
    ** Including session's moves, ACGL shares down over 4% YTD;
stock rose 30.8% in 2024

 (Reporting by Ateev Bhandari in Bengaluru)
 ((Ateev.Bhandari@thomsonreuters.com;))

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