Arch Capital Group

Financials Property & Casualty Insurance Hamilton, Bermuda Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$19.9B
                    3y CAGR +27.5%
                    
                    P84
                    
                    +14.3%
                    
                    Net income
                    FY2025
                
$4.4B
                    Net margin +22.1%
                    
                    P66
                    
                    +2.0%
                    
                    Total assets
                    FY2025
                
$79.2B
                    ROA +5.6%
                    
                    P75
                    
                    +11.8%
                    
                    Operating cash flow
                    FY2025
                
$6.2B
                    
                    -7.5%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

19 accounts · 5 years

Total assets $79.2B

Total liabilities $55.0B

Shareholders equity $24.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$993.0M 1.4%	$979.0M 6.8%	$917.0M 7.3%	$855.0M -0.4%	$858.7M
Short Term Investments	$0 -100.0%	$1.7B 41.2%	$1.2B 37.9%	$860.0M -52.3%	$1.8B
Other Current Assets	$6.8B 9.1%	$6.2B 30.9%	$4.8B 63.1%	$2.9B 19.0%	$2.5B
Intangible Assets	$0 -100.0%	$701.0M 121.8%	$316.0M -19.6%	$393.0M -25.7%	$528.8M
Long Term Investments	$6.5B 7.9%	$6.0B 31.0%	$4.6B 21.0%	$3.8B 22.6%	$3.1B
Other Noncurrent Assets	$6.8B 9.1%	$6.2B 30.9%	$4.8B 63.1%	$2.9B 19.0%	$2.5B
Total Assets	$79.2B 11.8%	$70.9B 20.4%	$58.9B 22.7%	$48.0B 6.4%	$45.1B
Liabilities
Other Current Liabilities	$3.5B 15.7%	$3.0B 56.5%	$1.9B 42.1%	$1.4B 2.8%	$1.3B
Total Current Liabilities	$55.0B 9.9%	$50.1B 23.5%	$40.6B 15.6%	$35.1B 11.2%	$31.5B
Other Noncurrent Liabilities	$3.5B 15.7%	$3.0B 56.5%	$1.9B 42.1%	$1.4B 2.8%	$1.3B
Total Liabilities	$55.0B 9.9%	$50.1B 23.5%	$40.6B 15.6%	$35.1B 11.2%	$31.5B
Equity
Preferred Stock	$830.0M 0.0%	$830.0M 0.0%	$830.0M 0.0%	$830.0M 0.0%	$830.0M
Common Stock	$1.0M 0.0%	$1.0M 0.0%	$1.0M 52.9%	$654.0K 0.9%	$648.0K
Additional Paid In Capital	$2.7B 9.0%	$2.5B 7.9%	$2.3B 5.2%	$2.2B 6.1%	$2.1B
Retained Earnings	$27.0B 19.2%	$22.7B 11.8%	$20.3B 27.7%	$15.9B 9.9%	$14.5B
Treasury Stock	$6.4B 42.9%	$4.5B 1.4%	$4.4B 1.1%	$4.4B 16.4%	$3.8B
Accumulated Other Comprehensive Income	$5.0M 100.7%	$-720.0M -6.5%	$-676.0M 58.9%	$-1.6B -2432.3%	$-65.0M
Total Stockholders Equity	$24.2B 16.3%	$20.8B 13.4%	$18.4B 42.2%	$12.9B -4.7%	$13.5B
Total Liabilitiesand Equity	$79.2B 11.8%	$70.9B 20.4%	$58.9B 22.7%	$48.0B 6.4%	$45.1B

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $19.9B

Operating income $4.4B

Net income $4.4B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$19.9B 14.3%	$17.4B 27.9%	$13.6B 41.8%	$9.6B 3.9%	$9.2B
Expenses Selling,General and Administrative	$132.0M -34.0%	$200.0M 96.1%	$102.0M 7.4%	$95.0M 21.8%	$78.0M
Expenses Depreciation and Amortization	$193.0M -17.9%	$235.0M 147.4%	$95.0M -10.4%	$106.0M 29.3%	$82.0M
Expenses Share Based Compensation	$148.0M 11.3%	$133.0M 43.0%	$93.0M 5.7%	$88.0M 0.0%	$88.0M
Other Income Expense Operating Income	$4.4B 2.0%	$4.3B -2.9%	$4.4B 201.0%	$1.5B -31.6%	$2.2B
Other Income Expense Interest Income	$1.6B 8.7%	$1.5B 46.1%	$1.0B 106.3%	$496.0M 27.5%	$389.0M
Other Income Expense Interest Expense	$148.0M 5.0%	$141.0M 6.0%	$133.0M 1.5%	$131.0M -5.8%	$139.0M
Other Income Expense Other Income/expense	$54.0M 28.6%	$42.0M 55.6%	$27.0M 200.0%	$-27.0M -370.0%	$10.0M
Other Income Expense Income Before Tax	$5.2B 10.4%	$4.7B 30.9%	$3.6B 128.6%	$1.6B -34.0%	$2.4B
Income Tax Income Tax Expense	$760.0M 109.9%	$362.0M 141.5%	$-873.0M -1191.3%	$80.0M -37.5%	$128.0M
net Income net Income	$4.4B 2.0%	$4.3B -2.9%	$4.4B 201.0%	$1.5B -31.6%	$2.2B
net Income Comprehensive Income	$5.1B 20.1%	$4.3B -21.2%	$5.4B 5255.2%	$-105.0M -106.6%	$1.6B
Earnings Per Share Basic Eps	$12 3.1%	$11 -3.9%	$12 206.2%	$4 -27.1%	$5
Earnings Per Share Diluted Eps	$12 3.7%	$11 -3.7%	$12 205.8%	$4 -27.3%	$5
Earnings Per Share Weighted Average Shares Basic	$368.4M -1.1%	$372.5M 1.0%	$368.7M 0.0%	$368.6M -5.9%	$391.7M
Earnings Per Share Weighted Average Shares Diluted	$375.9M -1.5%	$381.8M 0.8%	$378.8M 0.3%	$377.6M -5.7%	$400.3M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $6.2B

Investing cash flow $-4.0B

Financing cash flow $-1.9B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$4.4B 2.0%	$4.3B -2.9%	$4.4B 201.0%	$1.5B -31.6%	$2.2B
Operating Activities Depreciation and Amortization	$193.0M -17.9%	$235.0M 147.4%	$95.0M -10.4%	$106.0M 29.3%	$82.0M
Operating Activities Stock Based Compensation	$148.0M 11.3%	$133.0M 43.0%	$93.0M 5.7%	$88.0M 0.0%	$88.0M
Operating Activities Deferred Income Taxes	$174.0M 597.1%	$-35.0M 97.0%	$-1.2B -859.5%	$-121.0M 27.5%	$-167.0M
Operating Activities Changes In Operating Assets and Liabilities	$-135.0M -137.6%	$359.0M 290.2%	$92.0M -70.6%	$313.0M 79.9%	$174.0M
Operating Activities net Cash From Operating Activities	$6.2B -7.5%	$6.7B 16.1%	$5.7B 50.7%	$3.8B 11.4%	$3.4B
Investing Activities Business Acquisitions	$0 100.0%	$-852.0M	$0	$0	—
Investing Activities Purchases of Investments	$36.5B 16.6%	$31.3B 73.2%	$18.1B 10.2%	$16.4B -53.8%	$35.5B
Investing Activities Proceeds From Sale of Investments	$2.5B 22.5%	$2.0B 160.7%	$781.0M 9.2%	$715.0M -56.1%	$1.6B
Investing Activities Other Investing Activities	$-106.0M -453.3%	$30.0M 30.4%	$23.0M 118.4%	$-125.0M -123.9%	$524.0M
Investing Activities net Cash From Investing Activities	$-4.0B 9.5%	$-4.5B 18.4%	$-5.5B -76.3%	$-3.1B -45.0%	$-2.1B
Financing Activities Repurchase of Common Stock	$1.9B 7770.8%	$24.0M	$0 -100.0%	$586.0M -52.5%	$1.2B
Financing Activities Dividends Paid	$1.9B 0.0%	$1.9B	—	—	—
Financing Activities Other Financing Activities	$-4.0M -100.0%	$-2.0M 60.0%	$-5.0M 94.2%	$-86.0M -2050.0%	$-4.0M
Financing Activities net Cash From Financing Activities	$-1.9B 1.8%	$-1.9B -2689.9%	$-69.0M 90.2%	$-706.0M 42.6%	$-1.2B
Cash Reconciliation Effect of Exchange Rate On Cash	$61.0M 344.0%	$-25.0M -292.3%	$13.0M 126.0%	$-50.0M -47.1%	$-34.0M
Cash Reconciliation net Change In Cash	$307.0M 17.2%	$262.0M 16.4%	$225.0M 648.8%	$-41.0M -270.8%	$24.0M
Cash Reconciliation Cash At Beginning of Period	$2.1B 17.4%	$1.8B 17.5%	$1.5B 17.7%	$1.3B -3.1%	$1.3B
Cash Reconciliation Cash At End of Period	$2.1B 17.4%	$1.8B 17.5%	$1.5B 17.7%	$1.3B -3.1%	$1.3B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+22.1%	+24.7%	+32.6%	+15.4%	+23.3%
Net margin	+22.1%	+24.7%	+32.6%	+15.4%	+23.3%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	+27.5%	+23.5%	+17.0%	+11.5%	+19.3%
Returns
ROE	+18.2%	+20.7%	+24.2%	+11.4%	+15.9%
ROA	+5.6%	+6.1%	+7.5%	+3.1%	+4.8%
ROIC	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	2.27x	2.41x	2.21x	2.72x	2.33x
Interest coverage	29.72x	30.58x	33.41x	11.27x	15.52x
Efficiency
Asset turnover	0.25x	0.25x	0.23x	0.20x	0.21x
Cash conversion cycle	—	—	—	—	—

Valuation

Price against fundamentals

ACGL $91 · 2025-09-30 · 350d old · FY2025

Market cap $34.1B

P/E 7.75x

P/S 1.71x

P/B 1.41x

EV —

EV/EBITDA —

FCF yield —

Dividend yield +5.6%

Notes

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