Arch Capital Group Ltd. (ACGL) Q3 2024 Earnings Call Transcript Summary
Arch Capital Group Ltd. (ACGL) Q3 2024 Earnings Call Transcript Summary
The insurance and reinsurance segments contributed to a combined ratio of 92.3% and 14.8% respectively in an active catastrophe quarter.The following is a summary of the Arch Capital Group Ltd. (ACGL) Q3 2024 Earnings Call Transcript:
以下是艾奇資本集團有限公司（ACGL）2024年第三季度業績會紀要：
Financial Performance:
金融業績：
Arch Capital reported an annualized operating return on equity of 14.8% and an 8.1% increase in book value per share for the third quarter.
Net underwriting income totaled $538 million, with an 86.6% combined ratio, which was influenced by a significant active catastrophe quarter.
The insurance and reinsurance segments contributed to a combined ratio of 92.3% and 14.8% respectively in an active catastrophe quarter.
艾奇資本報告第三季度年化營運淨資產回報率爲14.8%，每股淨值增長8.1%。
淨承保收入總額爲53800萬美元，綜合比率爲86.6%，受到重大活躍災害季度的影響。
保險業務和再保險業務部門分別爲92.3%和14.8%的綜合比率貢獻，在一個重大活躍災害季度內。
Business Progress:
業務進展：
Organic growth in insurance was driven by mid-single digits increase, reflecting new opportunities in casualty programs and London market specialty business.
Reinsurance witnessed a growth of over 24% in net premium, supported by increased activities in property excluding catastrophe, casualty, and other specialty lines.
Arch completed the acquisition of the MidCorp and entertainment business from Allianz, which contributed to a 20% year-over-year growth in the insurance segment.
保險業務有機增長受中等個位數增長推動，反映在傷殘方案和倫敦市場專業業務的新機會。
再保險業務淨保險費收入增長超過24%，得益於在除災害、傷殘和其他專業領域之外的財產活動增加。
艾奇資本完成了對Allianz的MidCorp和娛樂業務的收購，這大大促進了保險業務的年度增長達到20%。
Opportunities:
機會：
Market dynamics and rate increases are enabling expansion in selectively writing casualty reinsurance. The dislocation in the market offers opportunities for tailored underwriting action in specific casualty business areas.
Property insurance and reinsurance markets continue to present advantageous return on capital opportunities amidst rate adjustments following recent natural catastrophes.
市場動態和費率上漲正在促使有選擇性地擴大傷亡再保險業務。市場的錯位提供了針對特定傷亡業務領域的定製承保機會。
在最近自然災害後的費率調整中，財產保險和再保險市場仍然提供了有利的資本回報機會。
Risks:
風險：
The property insurance market remains subject to significant volatility following multiple catastrophic events, influencing potential variability in future profitability.
The casualty insurance segment reflects an increased risk profile due to rising social inflation and severity of claims, warranting careful monitoring and selective participation in underwriting.
在經歷了多起災難性事件後，財產保險市場仍然存在着顯著的波動性，這對未來的盈利能力可能產生潛在的波動性。
由於社會膨脹和索賠嚴重性上升，傷亡保險業務的風險配置不斷上升，因此需要對承保進行謹慎監控並選擇性參與。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
