filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
HOLDERS
As of February 21, 2025, and based on information provided to us by our transfer agent and proxy solicitor, there were 1,210 holders of record of our common shares (Nasdaq: ACGL) and approximately 485,646 beneficial holders of our common shares.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table summarizes our purchases of common shares for the 2024 fourth quarter:
| Issuer Purchases of Common Shares | ||||||||||||||||||||||||||
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plan or Programs ($000’s) (2) | ||||||||||||||||||||||
| 10/1/2024-10/31/2024 | 517 | $ | 113.51 | — | $ | 1,000,000 | ||||||||||||||||||||
| 11/1/2024-11/30/2024 | 80 | $ | 101.85 | — | $ | 1,000,000 | ||||||||||||||||||||
| 12/1/2024-12/31/2024 | 262,857 | $ | 89.66 | 261,981 | $ | 996,796 | ||||||||||||||||||||
| Total | 263,454 | $ | 89.71 | 261,981 | $ | 996,796 |
(1) This column represents (in whole shares) open market share repurchases, including an aggregate of 517 shares, 80 shares and 876 shares repurchased by Arch Capital during October, November and December, respectively, other than through publicly announced plans or programs. We repurchased these shares from employees in order to facilitate the payment of withholding taxes on restricted shares granted and the exercise of stock appreciation rights, in each case at their fair value as determined by reference to the closing price of our common shares on the day the restricted shares vested or the stock appreciation rights were exercised.
(2) This column represents the remaining approximate dollar amount available at the end of each applicable period under Arch Capital’s $1.0 billion share repurchase authorization, authorized by the Board of Directors of ACGL on December 20, 2024, and having no expiration date. Repurchases may be effected from time to time in open market or privately negotiated transactions.
| ARCH CAPITAL | 65 | 2024 FORM 10-K |
PERFORMANCE GRAPH
The following graph compares the cumulative total shareholder return on our common shares for each of the last five years through December 31, 2024 to the cumulative total return, assuming reinvestment of dividends, of (1) S&P 500 Composite Stock Index (“S&P 500 Index”) and (2) the S&P 500 Property & Casualty Insurance Index. The share price performance presented below is not necessarily indicative of future results.
CUMULATIVE TOTAL SHAREHOLDER RETURN (1)(2)(3)
| Base Period | |||||||||||||||||||||||
| Company Name/Index | 12/31/19 | 12/31/20 | 12/31/21 | 12/31/22 | 12/31/23 | 12/31/24 | |||||||||||||||||
| l | Arch Capital Group Ltd. | $100.00 | $84.10 | $103.64 | $146.37 | $173.16 | $226.44 | ||||||||||||||||
| n | S&P 500 Index | $100.00 | $118.40 | $152.39 | $124.79 | $157.59 | $197.02 | ||||||||||||||||
| p | S&P 500 Property & Casualty Insurance Index | $100.00 | $106.96 | $127.58 | $151.65 | $168.05 | $227.67 |
(1) Stock price appreciation plus dividends.
(2) The above graph assumes that the value of the investment was $100 on December 31, 2019.
(3) This graph is not “soliciting material,” is not deemed filed with the SEC and is not to be incorporated by reference in any filing by us under the Securities Act of 1933 or the Securities and Exchange Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.
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