Announcement • Mar 25
Arch Capital Group Ltd., Annual General Meeting, May 05, 2026 Arch Capital Group Ltd., Annual General Meeting, May 05, 2026. Location: virtualshareholdermeeting.com/acgl2026, United States Announcement • Mar 17
Arch Capital Group Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Arch Capital Group Ltd. announced that they will report Q1, 2026 results After-Market on Apr 28, 2026 Announcement • Jan 22
Arch Capital Group Ltd. Announces John Vollaro Declines Re-Election to the Board of Directors, Effective May 5, 2026 Arch Capital Group Ltd. announced John Vollaro, a long-serving and valued member of the Board of Directors, has informed the Board he will not stand for reelection at the Company’s upcoming Annual Meeting of Shareholders. He will serve the remainder of his term, which ends on May 5, 2026. Vollaro has served on Arch’s Board since 2009. From 2002 to 2009 he was Chief Financial Officer, Treasurer and Executive Vice President of Arch — helping steer the Company from startup to a highly-regarded global specialty (re)insurer. Announcement • Jan 09
Arch Capital Group Ltd. to Report Q4, 2025 Results on Feb 09, 2026 Arch Capital Group Ltd. announced that they will report Q4, 2025 results After-Market on Feb 09, 2026 Announcement • Sep 23
Arch Capital Group Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Arch Capital Group Ltd. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 27, 2025 Announcement • Jul 25
Arch Introduces New Supplemental Health Insurance Products to Help Bridge Coverage Gaps Arch Insurance's Accident & Health business unit announced the launch of its new Individual Supplemental Health product suite. These products are designed to help individuals manage out-of-pocket expenses not typically covered by major medical plans, including deductibles, co-insurance and out-of-network charges through a variety of benefits including Accident Medical Expense, Hospital Indemnity, Critical Illness and Accidental Death. Arch's products provide an added layer of financial cushion when unexpected health events occur to individuals including employees, independent contractors, gig workers and association members. The products are available with no medical underwriting and are fully portable, allowing policyholders to keep their coverage through job or life changes. Arch's digital technology enables partners to generate quotes and complete enrollments in minutes. Arch's fully licensed call center provides sales and customer service support for both partners and clients. Announcement • Jun 30
Arch Capital Group Ltd.(NasdaqGS:ACGL) dropped from Russell 1000 Dynamic Index Arch Capital Group Ltd.(NasdaqGS:ACGL) dropped from Russell 1000 Dynamic Index Announcement • Jun 26
Arch Capital Group Ltd. to Report Q2, 2025 Results on Jul 29, 2025 Arch Capital Group Ltd. announced that they will report Q2, 2025 results After-Market on Jul 29, 2025 Announcement • Mar 26
Arch Capital Group Ltd., Annual General Meeting, May 07, 2025 Arch Capital Group Ltd., Annual General Meeting, May 07, 2025. Location: virtualshareholdermeeting.com/acgl2025, Bermuda Announcement • Mar 17
Arch Capital Group Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Arch Capital Group Ltd. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Announcement • Feb 06
Arch Capital Group Ltd. Appoints Alexander Moczarski to Board of Directors Arch Capital Group Ltd. announced Alexander “Alex” Moczarski has joined the Company’s Board of Directors, effective immediately. Mr. Moczarski previously served as Chairman of Marsh McLennan Companies, International. He is a seasoned builder of businesses, teams and relationships, with over 45 years of global insurance experience. Over the course of his career, Mr. Moczarski held leadership positions at Guy Carpenter & Company, LLC, various international regional segments and divisions of Marsh McLennan and AIG. Mr. Moczarski chaired Marsh India from 2016-2025, he was a Global Director of the US India Business Council and he previously served as Chairman of Blue Marble Micro. He is currently a Director of Independent Diplomat. Announcement • Jan 09
Arch Capital Group Ltd. to Report Q4, 2024 Results on Feb 10, 2025 Arch Capital Group Ltd. announced that they will report Q4, 2024 results After-Market on Feb 10, 2025 Announcement • Dec 23
Arch Capital Group Ltd. (NasdaqGS:ACGL) announces an Equity Buyback for $1,000 million worth of its shares. Arch Capital Group Ltd. (NasdaqGS:ACGL) announces a share repurchase program. Under the program, the company will repurchase $1,000 million worth of common stock. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.62 (vs US$1.93 in 3Q 2023) Third quarter 2024 results: EPS: US$2.62 (up from US$1.93 in 3Q 2023). Revenue: US$4.72b (up 42% from 3Q 2023). Net income: US$978.0m (up 37% from 3Q 2023). Profit margin: 21% (in line with 3Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
Arch Capital Group Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Arch Capital Group Ltd. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Announcement • Aug 28
Arch Capital Group Ltd. Appoints Dan Houston and Neal Triplett to Board of Directors Arch Capital Group Ltd. announced Daniel “Dan” J. Houston and Neal Triplett will join the Company’s Board of Directors, effective immediately. Mr. Houston is a seasoned executive with a wealth of experience in the financial services sector. He is Chairman and CEO of Principal Financial Group®, where he is responsible for overall management of the Fortune 500 company across its global lines of business. Mr. Houston also serves as an active member of the Business Roundtable and the Fortune CEO Initiative, as well as the Chair of the Tax Committee for the American Council of Life Insurers. He joined Principal® in 1984 and has held several management positions during his tenure. Mr. Triplett is President and CEO of the Duke University Management Company, a nonprofit organization that manages Duke University's endowment. He has been with the company for 25 years and, in his role, oversees a diversified portfolio of assets and works closely with Duke University's leadership to develop and implement investment strategies. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$3.41 (vs US$1.79 in 2Q 2023) Second quarter 2024 results: EPS: US$3.41 (up from US$1.79 in 2Q 2023). Revenue: US$4.23b (up 34% from 2Q 2023). Net income: US$1.27b (up 92% from 2Q 2023). Profit margin: 30% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 39% per year. Announcement • Jun 27
Arch Capital Group Ltd. to Report Q2, 2024 Results on Jul 30, 2024 Arch Capital Group Ltd. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$2.99 (vs US$1.92 in 1Q 2023) First quarter 2024 results: EPS: US$2.99 (up from US$1.92 in 1Q 2023). Revenue: US$3.94b (up 24% from 1Q 2023). Net income: US$1.11b (up 57% from 1Q 2023). Profit margin: 28% (up from 22% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year. Announcement • Mar 29
Arch Capital Group Ltd., Annual General Meeting, May 09, 2024 Arch Capital Group Ltd., Annual General Meeting, May 09, 2024, at 11:00 Eastern Daylight. Agenda: To consider Elect two Class II Directors to serve for a term of three years and until their respective successors are duly elected and qualified or their earlier resignation or removal ; to consider advisory vote to approve named executive officer compensation; to consider Appointment of PricewaterhouseCoopers LLP as company's independent registered public accounting firm for the year ending December 31, 2024; to consider Elect certain individuals as Designated Company Directors of certain of our non-U.S. subsidiaries, as required by our bye-laws and to consider Conduct other business if properly raised before the meeting or any adjournment thereof. Announcement • Mar 28
Arch Capital Group Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Arch Capital Group Ltd. announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Recent Insider Transactions • Mar 08
Insider recently sold €4.0m worth of stock On the 5th of March, Maamoun Rajeh sold around 50k shares on-market at roughly €80.50 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €61m more than they bought in the last 12 months. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$11.94 (vs US$3.90 in FY 2022) Full year 2023 results: EPS: US$11.94 (up from US$3.90 in FY 2022). Revenue: US$13.6b (up 42% from FY 2022). Net income: US$4.40b (up 207% from FY 2022). Profit margin: 32% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: US$11.94 (vs US$3.90 in FY 2022) Full year 2023 results: EPS: US$11.94 (up from US$3.90 in FY 2022). Revenue: US$13.6b (up 42% from FY 2022). Net income: US$4.40b (up 207% from FY 2022). Profit margin: 32% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 10
Arch Capital Group Ltd. to Report Q4, 2023 Results on Feb 14, 2024 Arch Capital Group Ltd. announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Announcement • Dec 01
Arch Capital Group Ltd. Announces Resignation of Thomas R. Watjen from the Board of Directors, effective December 31, 2023 Arch Capital Group Ltd. director, Thomas R. Watjen, has informed the Company of his decision to resign from the Board of Directors, effective December 31, 2023. Recent Insider Transactions • Nov 29
President & Chief Underwriting Officer recently sold €4.7m worth of stock On the 22nd of November, Nicolas Alain Papadopoulo sold around 60k shares on-market at roughly €78.95 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €28m. Nicolas Alain has been a net seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • Nov 09
CEO & Director recently sold €28m worth of stock On the 6th of November, Marc Grandisson sold around 350k shares on-market at roughly €79.54 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Marc has been a net seller over the last 12 months, reducing personal holdings by €42m. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: US$1.93 (vs US$0.019 in 3Q 2022) Third quarter 2023 results: EPS: US$1.93 (up from US$0.019 in 3Q 2022). Revenue: US$3.33b (up 40% from 3Q 2022). Net income: US$713.0m (up US$706.1m from 3Q 2022). Profit margin: 21% (up from 0.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 06
Arch Capital Group Names Seamus Fearon CEO, International Mortgage Arch Capital Group Ltd. announced Seamus Fearon has been promoted to CEO, International Mortgage for the Global Mortgage Group. In this role, Fearon will have responsibility for managing Arch’s Australian and European mortgage operations as well as its Government Sponsored Enterprise (GSE) Credit Risk Transfer (CRT) and Services business. Fearon was most recently Executive Vice President, CRT and European Markets for Arch’s Global Mortgage Group where he oversaw the GSE CRT business and grew the organization’s European Significant Risk Transfer business. In his new role, Fearon will be charged with further diversifying the platform of Arch’s Global Mortgage Group — the global leader in aggregating, managing and syndicating mortgage credit risk. Beau Franklin, who previously served as the CEO of Arch’s International Mortgage Group, will begin a new executive role at Arch MI’s parent company, Arch Capital Group Ltd. Fearon joined Arch in 2012 and is a Fellow of the Institute and Faculty of Actuaries. He holds a B.Sc. in Actuarial and Financial Mathematics from Dublin City University. Announcement • Oct 05
Arch Capital Group Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Arch Capital Group Ltd. announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$1.79 (vs US$1.07 in 2Q 2022) Second quarter 2023 results: EPS: US$1.79 (up from US$1.07 in 2Q 2022). Revenue: US$3.16b (up 43% from 2Q 2022). Net income: US$661.0m (up 68% from 2Q 2022). Profit margin: 21% (up from 18% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
Arch Capital Group Ltd. to Report Q2, 2023 Results on Jul 27, 2023 Arch Capital Group Ltd. announced that they will report Q2, 2023 results After-Market on Jul 27, 2023 Recent Insider Transactions • May 25
CEO & Director recently sold €14m worth of stock On the 19th of May, Marc Grandisson sold around 200k shares on-market at roughly €70.38 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marc's only on-market trade for the last 12 months. Recent Insider Transactions • May 06
President & Chief Underwriting Officer recently sold €4.8m worth of stock On the 3rd of May, Nicolas Alain Papadopoulo sold around 70k shares on-market at roughly €68.27 per share. This transaction amounted to 9.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nicolas Alain has been a net seller over the last 12 months, reducing personal holdings by €6.8m. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$1.92 (vs US$0.50 in 1Q 2022) First quarter 2023 results: EPS: US$1.92 (up from US$0.50 in 1Q 2022). Revenue: US$3.17b (up 63% from 1Q 2022). Net income: US$705.0m (up 280% from 1Q 2022). Profit margin: 22% (up from 9.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 08
President & Chief Underwriting Officer recently sold €2.0m worth of stock On the 2nd of March, Nicolas Alain Papadopoulo sold around 30k shares on-market at roughly €66.16 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Nicolas Alain's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 21
Independent Chairman of the Board recently sold €1.7m worth of stock On the 15th of February, John Pasquesi sold around 26k shares on-market at roughly €62.79 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: US$3.90 (vs US$5.34 in FY 2021) Full year 2022 results: EPS: US$3.90 (down from US$5.34 in FY 2021). Revenue: US$9.61b (up 3.9% from FY 2021). Net income: US$1.44b (down 31% from FY 2021). Profit margin: 15% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Announcement • Jan 10
Arch Capital Group Ltd. to Report Q4, 2022 Results on Feb 13, 2023 Arch Capital Group Ltd. announced that they will report Q4, 2022 results After-Market on Feb 13, 2023 Recent Insider Transactions • Nov 04
Board Member recently sold €2.9m worth of stock On the 31st of October, Maamoun Rajeh sold around 50k shares on-market at roughly €57.74 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €12m more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 17% share price gain to €57.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €114 per share. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.075 (vs US$1.00 in 3Q 2021) Third quarter 2022 results: EPS: US$0.075 (down from US$1.00 in 3Q 2021). Revenue: US$2.39b (up 14% from 3Q 2021). Net income: US$27.3m (down 93% from 3Q 2021). Profit margin: 1.1% (down from 19% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Recent Insider Transactions • Aug 13
Executive VP recently sold €412k worth of stock On the 12th of August, Francois Morin sold around 9k shares on-market at roughly €45.76 per share. This was the largest sale by an insider in the last 3 months. Francois has been a seller over the last 12 months, reducing personal holdings by €1.8m. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$1.10 (vs US$1.67 in 2Q 2021) Second quarter 2022 results: EPS: US$1.10 (down from US$1.67 in 2Q 2021). Revenue: US$2.21b (down 14% from 2Q 2021). Net income: US$404.3m (down 39% from 2Q 2021). Profit margin: 18% (down from 26% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 20%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.50 (vs US$1.07 in 1Q 2021) First quarter 2022 results: EPS: US$0.50 (down from US$1.07 in 1Q 2021). Revenue: US$1.94b (down 14% from 1Q 2021). Net income: US$185.6m (down 57% from 1Q 2021). Profit margin: 9.6% (down from 19% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 17%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 16
Executive VP recently sold €521k worth of stock On the 14th of March, Francois Morin sold around 12k shares on-market at roughly €42.20 per share. This was the largest sale by an insider in the last 3 months. Francois has been a seller over the last 12 months, reducing personal holdings by €1.8m. Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$5.34 (up from US$3.38 in FY 2020). Revenue: US$9.25b (up 8.5% from FY 2020). Net income: US$2.09b (up 54% from FY 2020). Profit margin: 23% (up from 16% in FY 2020). Revenue missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.5%, compared to a 15% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 14
Independent Chairman of the Board recently bought €17m worth of stock On the 11th of November, John Pasquesi bought around 485k shares on-market at roughly €35.96 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$1.00 (vs US$1.01 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$2.10b (down 9.2% from 3Q 2020). Net income: US$388.8m (down 4.9% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 26
Executive VP recently sold €180k worth of stock On the 20th of August, Francois Morin sold around 5k shares on-market at roughly €35.99 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Francois has been a seller over the last 12 months, reducing personal holdings by €676k. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS US$1.70 (vs US$0.72 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.57b (up 12% from 2Q 2020). Net income: US$675.5m (up 134% from 2Q 2020). Profit margin: 26% (up from 13% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 08
New 90-day high: €30.20 The company is up 14% from its price of €26.60 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Insurance industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.22 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €29.40 The company is up 7.0% from its price of €27.40 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €31.21 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$1.01 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: US$2.31b (up 38% from 3Q 2019). Net income: US$408.6m (up 7.0% from 3Q 2019). Profit margin: 18% (down from 23% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of US$1.15b, down 19% from the prior year. Total revenue was US$7.88b over the last 12 months, up 21% from the prior year. 
