Arch Capital Group (ACGL) Revenue — Quarter Ended Mar 31, 2024
The company's revenue for the quarter declined from the immediately preceding period, but rose significantly compared to the same period last year. The sequential decrease reflects a slight pullback from the prior quarter's higher level, while the annual increase underscores sustained growth.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
The company's revenue for the quarter declined from the immediately preceding period, but rose significantly compared to the same period last year. The sequential decrease reflects a slight pullback from the prior quarter's higher level, while the annual increase underscores sustained growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.9%
Change from the immediately preceding quarter.
Year-over-year
+24.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $3.2B | +42.8% |
| Sep 30, 2023 | $3.3B | +39.5% |
| Dec 31, 2023 | $4B | +29.4% |
| Mar 31, 2024 | $3.9B | +24.4% |
Revenue performance
Revenue in the current quarter was lower than the prior quarter, ending a streak of sequential gains seen in earlier periods. The year-over-year comparison remained positive, with revenue exceeding the level posted a year ago.
Quarterly comparison
Compared to the prior quarter, revenue contracted modestly. On an annual basis, revenue showed a substantial increase versus the same quarter one year earlier.
What to watch
The sequential decline after several quarters of growth warrants attention to whether this signals a trend shift.