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Property Casualty Insurance
AWH, or Arch Capital Group Ltd., is a public company that specializes in property casualty insurance. The company, which was formed in 2001, is listed on the Nasdaq stock exchange under the ticker symbol "AWH". Arch Capital Group is a Bermuda-based company that writes insurance and reinsurance on a worldwide basis through its subsidiaries. Let's discuss some general information about the company's earnings, growth, and fundamentals.
Earnings: Arch Capital Group has consistently delivered outstanding financial results in recent years. In the third quarter of 2022, the company reported a net income of $407.8 million, or $1.31 per share, representing a 10.6% annualized return on average common equity. The company's underwriting performance was outstanding, with a combined ratio of 87.5%, indicating that for every dollar earned in premiums, the company paid out 87.5 cents in losses and other expenses.
Growth: Arch Capital Group has also had a strong growth record. The company's net premiums written were $1.3 billion in the third quarter of 2022, a 23.5% increase from the same period in 2021. The growth was attributable to new business opportunities, increased demand for their existing products, and a positive rate environment. Arch Capital Group has established itself as a dependable and trustworthy company in the insurance industry thanks to its expertise in specialty lines, a diversified book of business, and significant financial strength.
Fundamentals: Arch Capital Group has outstanding fundamentals, and its financial is solid. The company's balance sheet is strong, with $10.2 billion in total capital at the end of the third quarter of 2022 and $329.6 million in cash and invested assets. Arch Capital has documented its ability to pay dividends to its shareholders and buy back its shares regularly.
In conclusion, Arch Capital Group Ltd. (AWH) has a strong track record of delivering outstanding financial results, excellent growth potential, and solid fundamentals. The company's market leadership position, diversified book of business, and specialty lines expertise have helped it build a solid foundation for long-term growth.