Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Arch Capital Group's Claims Ratio % for the quarter that ended in Dec. 2023 was 49.00%
, which is lower than
50.70% for the pervious quarter ended in Sep. 2023.
Arch Capital Group's Claims Ratio % for the annual that ended in Dec. 2023 was 50.20%
, which is lower than
51.90% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Arch Capital Group's Claims Ratio % or its related term are showing as below:
ACGL's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
Arch Capital Group Claims Ratio % Historical Data
The historical data trend for Arch Capital Group's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Arch Capital Group's Claims Ratio %
For the Insurance - Diversified subindustry, Arch Capital Group's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Arch Capital Group (NAS:ACGL) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Arch Capital Group (NAS:ACGL) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Arch Capital Group Claims Ratio % Related Terms
Thank you for viewing the detailed overview of Arch Capital Group's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Arch Capital Group (Arch Capital Group) Business Description
Arch Capital Group Ltd is a Bermuda company which writes insurance and reinsurance with operations in Bermuda, the United States, Canada, Europe, Australia and South Africa. The business operates through three segments: insurance, reinsurance, and mortgage. The insurance segment provides specialty risk solutions to clients worldwide across a variety of industries. The reinsurance segment provides reinsurance services which cover property catastrophe, property, liability, marine, aviation and space, trade credit and surety, agriculture, accident, life and health, and political risk. The mortgage business provides risk management and risk financing products to the mortgage insurance sectors through platforms in the U.S., Europe and Bermuda.
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