Arch Capital Group Ltd (ACGL) CEO Marc Grandisson On Q1 2022 Results - Earnings Call Transcript

Arch Capital Group Ltd (NASDAQ:ACGL) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET

Company Participants

Marc Grandisson - Chief Executive Officer

Francois Morin - Chief Financial Officer and Treasurer

Conference Call Participants

Jimmy Bhullar - J.P. Morgan

Tracy Benguigui - Barclays

Josh Shanker - Bank of America

Ryan Tunis - Autonomous

Meyer Shields - KBW

Mark Dwelle - RBC Capital Markets

Yaron Kinar - Jefferies

Brian Meredith - UBS

Elyse Greenspan - Wells Fargo

Michael Phillips - Morgan Stanley

Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine-assisted output provided is partly edited and is designed as a guide.

Operator

00:04 Good day, ladies and gentlemen, and welcome to the First Quarter 2022 Arch Capital Group Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded.

00:29 Before the company gets started with its update, management wants to first remind everyone that certain statements in today's press release and discussed on this call may constitute forward-looking statements under the federal securities laws. These statements are based upon management's current assessments and assumptions and are subject to a number of risks and uncertainties. Consequently, actual results may differ materially from those expressed or implied. For more information on the risks and other factors that may affect future performance, investors should review periodic reports that are filed by the company with the SEC from time-to-time.

01:03 Additionally, certain statements contained in the call that are not based on historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company intends the forward-looking statements in the call to be subject to the safe harbor created thereby.

01:19 Management also will make reference to some non-GAAP measures of financial performance. The reconciliation to GAAP and definition of operating income can be found in the company's current report on Form 8-K furnished to the SEC yesterday, which contains the company's earnings press release and is available on the company's website.

01:37 I would now like to introduce your host for today's conference, Mr. Marc Grandisson and Mr. Francois Morin. Sirs, you may begin.