ACGLN - Arch Capital Group Ltd. (ACGL) Q1 2025 Earnings Call Transcript
2025-04-30 16:05:03 ET
Arch Capital Group Ltd. (ACGL)
Q1 2025 Earnings Conference Call
April 30, 2025 09:00 ET
Company Participants
Nicolas Papadopoulo - Chief Executive Officer
François Morin - Chief Financial Officer & Treasurer
Conference Call Participants
Michael Zaremski - BMO Capital Markets
Cave Montazeri - Deutsche Bank
Elyse Greenspan - Wells Fargo
Andrew Kligerman - TD Cowen
David Motemaden - Evercore ISI
Alex Scott - Barclays
Wes Carmichael - Autonomous Research
Josh Shanker - Bank of America
Andrew Andersen - Jefferies
Meyer Shields - Keefe, Bruyette & Woods
Presentation
Operator
Good day, ladies and gentlemen and welcome to the First Quarter 2025 Arch Capital Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, this conference call is being recorded.
Before the company gets started with its update, management wants to first remind everyone that certain statements in yesterday's press release and discussed on this call may constitute forward-looking statements under the federal securities laws. These statements are based upon management's current assessments and assumptions and are subject to a number of risks and uncertainties. Consequently, actual results may differ materially from those expressed or implied. For more information on the risks and other factors that may affect future performance, Investors should review periodic reports that are filed by the company with the SEC from time to time, including our annual report on Form 10-K for the 2024 fiscal year. Additionally, certain statements contained in the call that are not based on historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company intends the forward-looking statements in the call to be subject to the Safe Harbor created thereby. Management also will make reference to certain non-GAAP measures of financial performance.
The reconciliations to GAAP for each non-GAAP financial measure can be found in the company's current report on Form 8-K furnished to the SEC yesterday which contains the company's earnings press release and is available on the company's website at www.archgroup.com and on the SEC's website at www.sec.gov.
I would now like to introduce your host for today's conference, Mr. Nicolas Papadopoulo and Mr. François Morin. Sir, you may begin.
Nicolas Papadopoulo
Good morning and welcome to Arch's first quarter earnings call. I'm pleased to report solid results for the quarter with $587 million of after-tax operating income, $1.54 in operating earnings per share an annualized operating return on equity of 11.5%. These results were achieved despite $547 million of catastrophe losses affecting our Property and Casualty segment primarily from the California wildfire....
Arch Capital Group Ltd. (ACGL) Q1 2025 Earnings Call Transcript