So what is Arch Capital - its not an investment bank or fund or something else - lets say insurance company.
Why its so attractive for me right now: Some financial highlights
Robust Profit Growth: In Q3 2024, Arch Capital reported a net income of $978 million ($2.56 per share), up from $713 million ($1.88 per share) in Q3 2023, marking a 37% increase.
Increased Premiums: The company saw a 20% rise in gross premiums written, reaching $5.44 billion in Q3 2024, indicating strong demand for its insurance products.
Enhanced Investment Income: Pre-tax net investment income grew by 48% to $399 million in Q3 2024, reflecting effective investment strategies amid favorable market conditions.
Improved Combined Ratio: Arch Capital achieved a combined ratio of 80.8% in Q1 2024, down from 82.2% in Q1 2023, demonstrating enhanced underwriting efficiency.
Book Value Growth: The company's book value per common share increased by 5.2% to $49.36 as of March 31, 2024, indicating solid financial health.
ANR recommends mstly buy and medium target is near 120
Why its so attractive for me right now: Some financial highlights
Robust Profit Growth: In Q3 2024, Arch Capital reported a net income of $978 million ($2.56 per share), up from $713 million ($1.88 per share) in Q3 2023, marking a 37% increase.
Increased Premiums: The company saw a 20% rise in gross premiums written, reaching $5.44 billion in Q3 2024, indicating strong demand for its insurance products.
Enhanced Investment Income: Pre-tax net investment income grew by 48% to $399 million in Q3 2024, reflecting effective investment strategies amid favorable market conditions.
Improved Combined Ratio: Arch Capital achieved a combined ratio of 80.8% in Q1 2024, down from 82.2% in Q1 2023, demonstrating enhanced underwriting efficiency.
Book Value Growth: The company's book value per common share increased by 5.2% to $49.36 as of March 31, 2024, indicating solid financial health.
ANR recommends mstly buy and medium target is near 120
gor_gevorgian
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
gor_gevorgian
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.