Arch Capital Group (ACGL) TD Financial Services & Fintech Summit summary

Capital management and shareholder returns

• Share buybacks, dividends, and special dividends are all under consideration, with decisions dependent on market conditions and capital deployment opportunities in the business. Timing for potential buybacks or dividends could shift later in 2024 or into 2025.

Strategic acquisitions and market expansion

• Acquisition of Allianz's U.S. middle market and entertainment business accelerates entry into a large, underpenetrated segment, adding about $1.5 billion in premium and expanding product offerings.

Reserve adequacy and risk management

• Conservative cycle management and underweighting in problematic casualty years (2015–2019) have limited adverse reserve development.

• Recent years' reserve picks are viewed as adequate, with only minor pockets of concern and overall comfort in reserve levels.