Here's What to Expect From Arch Capital's Next Earnings Report

Based in Pembroke, Bermuda, Arch Capital Group Ltd. (ACGL) provides insurance, reinsurance, and mortgage insurance products. Valued at a market cap of $40.6 billion, the company offers a wide range of products & services covering primary & excess casualty, professional indemnity, workers' compensation, and umbrella, and employers’ liability insurance, among others. ACGL is expected to announce its fiscal Q3 earnings results after the market closes on Wednesday, Oct. 30. 

Ahead of this event, analysts project the property and casualty insurer to report a profit of $1.87 per share, down 19.1% from $2.31 per share in the year-ago quarter. The company has consistently beaten Wall Street's bottom-line estimates in the last four quarters. In Q2, the company reported an EPS of $2.57, which topped the consensus estimates by 18.4%. The bottom line improved 33.8% from the prior-year quarter. The strong performance can be attributed to a robust growth in its underwriting income and an increase in gross and net premiums written across all of its segments.