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

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

19 accounts · 10 years

Total assets $79.2B

Total liabilities $55.0B

Shareholders equity $24.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	1.3%	1.4%	1.6%	1.8%	1.9%	2.1%	1.9%	2.0%	1.9%	2.9%
Short Term Investments	0.0%	2.4%	2.0%	1.8%	4.0%	3.3%	2.2%	1.1%	0.0%	0.0%
Other Current Assets	8.6%	8.8%	8.1%	6.1%	5.4%	4.3%	3.7%	2.9%	3.3%	3.0%
Intangible Assets	0.0%	1.0%	0.5%	0.8%	1.2%	0.7%	0.9%	1.0%	1.2%	1.7%
Long Term Investments	8.1%	8.4%	7.8%	7.9%	6.8%	4.7%	4.4%	4.6%	3.2%	2.8%
Other Noncurrent Assets	8.6%	8.8%	8.1%	6.1%	5.4%	4.3%	3.7%	2.9%	3.3%	3.0%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Other Current Liabilities	4.4%	4.3%	3.3%	2.8%	2.9%	3.5%	4.0%	2.8%	2.4%	2.7%
Total Current Liabilities	69.5%	70.6%	68.8%	73.1%	69.9%	67.7%	67.5%	67.6%	68.0%	68.3%
Other Noncurrent Liabilities	4.4%	4.3%	3.3%	2.8%	2.9%	3.5%	4.0%	2.8%	2.4%	2.7%
Total Liabilities	69.5%	70.6%	68.8%	73.1%	69.9%	67.7%	67.5%	67.6%	68.0%	68.3%
Equity
Preferred Stock	1.0%	1.2%	1.4%	1.7%	1.8%	—	2.1%	2.4%	2.7%	2.6%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	3.5%	3.5%	4.0%	4.6%	4.6%	—	5.0%	5.6%	3.8%	1.8%
Retained Earnings	34.1%	32.0%	34.5%	33.1%	32.1%	—	29.1%	29.3%	26.7%	27.2%
Treasury Stock	8.1%	6.3%	7.5%	9.1%	8.3%	5.8%	6.4%	7.4%	6.5%	6.9%
Accumulated Other Comprehensive Income	0.0%	-1.0%	-1.1%	-3.4%	-0.1%	1.1%	0.6%	-0.6%	0.4%	-0.4%
Total Stockholders Equity	30.5%	29.4%	31.2%	26.9%	30.0%	30.3%	30.3%	29.3%	28.7%	28.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $19.9B

Operating income $4.4B

Net income $4.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	25.1%	24.6%	23.1%	20.0%	20.5%	19.7%	18.3%	16.9%	17.6%	15.2%
Expenses Selling,General and Administrative	0.2%	0.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.3%
Expenses Depreciation and Amortization	0.2%	0.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.4%	0.1%
Expenses Share Based Compensation	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%
Other Income Expense Operating Income	5.6%	6.1%	7.5%	3.1%	4.8%	3.2%	4.3%	2.4%	1.9%	2.4%
Other Income Expense Interest Income	2.1%	2.1%	1.7%	1.0%	0.9%	1.2%	1.7%	1.7%	1.5%	1.2%
Other Income Expense Interest Expense	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.4%	0.4%	0.2%
Other Income Expense Other Income/expense	0.1%	0.1%	0.0%	-0.1%	0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%
Other Income Expense Income Before Tax	6.5%	6.6%	6.1%	3.3%	5.3%	3.6%	4.9%	2.6%	2.4%	2.9%
Income Tax Income Tax Expense	1.0%	0.5%	-1.5%	0.2%	0.3%	0.3%	0.4%	0.4%	0.4%	0.1%
net Income net Income	5.6%	6.1%	7.5%	3.1%	4.8%	3.2%	4.3%	2.4%	1.9%	2.4%
net Income Comprehensive Income	6.5%	6.0%	9.2%	-0.2%	3.6%	3.9%	5.4%	1.9%	2.7%	2.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.5%	0.5%	0.6%	0.8%	0.9%	0.9%	1.1%	1.3%	1.3%	1.2%
Earnings Per Share Weighted Average Shares Diluted	0.5%	0.5%	0.6%	0.8%	0.9%	0.9%	1.1%	1.3%	1.3%	1.3%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $6.2B

Investing cash flow $-4.0B

Financing cash flow $-1.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	5.6%	6.1%	7.5%	3.1%	4.8%	3.2%	4.3%	2.4%	1.9%	2.4%
Operating Activities Depreciation and Amortization	0.2%	0.3%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.4%	0.1%
Operating Activities Stock Based Compensation	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%
Operating Activities Deferred Income Taxes	0.2%	-0.0%	-2.0%	-0.3%	-0.4%	-0.2%	0.0%	0.1%	0.5%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	-0.2%	0.5%	0.2%	0.7%	0.4%	-0.0%	0.1%	-0.2%	0.3%	-0.6%
Operating Activities net Cash From Operating Activities	7.8%	9.4%	9.8%	8.0%	7.6%	6.7%	5.4%	4.8%	3.4%	—
Investing Activities Business Acquisitions	0.0%	-1.2%	0.0%	0.0%	—	—	—	0.0%	0.0%	6.8%
Investing Activities Purchases of Investments	46.0%	44.1%	30.7%	34.2%	78.6%	91.9%	79.3%	103.4%	114.8%	121.0%
Investing Activities Proceeds From Sale of Investments	3.1%	2.9%	1.3%	1.5%	3.6%	2.0%	1.7%	2.8%	2.8%	2.6%
Investing Activities Other Investing Activities	-0.1%	0.0%	0.0%	-0.3%	1.2%	0.1%	0.9%	-0.1%	-0.3%	0.1%
Investing Activities net Cash From Investing Activities	-5.1%	-6.3%	-9.3%	-6.5%	-4.7%	-7.0%	-4.8%	-1.7%	-4.2%	—
Financing Activities Repurchase of Common Stock	2.4%	0.0%	0.0%	1.2%	2.7%	0.2%	0.0%	0.9%	0.0%	0.3%
Financing Activities Dividends Paid	2.4%	2.7%	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	-0.0%	-0.0%	-0.0%	-0.2%	-0.0%	0.2%	-0.0%	-0.0%	-0.2%	0.0%
Financing Activities net Cash From Financing Activities	-2.4%	-2.7%	-0.1%	-1.5%	-2.7%	1.2%	-0.2%	-3.1%	-0.0%	—
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.0%	0.0%	-0.1%	-0.1%	0.1%	0.0%	-0.1%	0.1%	-0.1%
Cash Reconciliation net Change In Cash	0.4%	0.4%	0.4%	-0.1%	0.1%	0.9%	0.5%	-0.0%	-0.8%	1.0%
Cash Reconciliation Cash At Beginning of Period	2.6%	2.5%	2.5%	2.7%	2.9%	3.0%	2.4%	2.2%	2.3%	3.3%
Cash Reconciliation Cash At End of Period	2.6%	2.5%	2.5%	2.7%	2.9%	3.0%	2.4%	2.2%	2.3%	3.3%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	+22.1%	+24.7%	+32.6%	+15.4%	+23.3%	+16.5%	+23.6%	+13.9%	+11.0%	+15.5%
Net margin	+22.1%	+24.7%	+32.6%	+15.4%	+23.3%	+16.5%	+23.6%	+13.9%	+11.0%	+15.5%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	+27.5%	+23.5%	+17.0%	+11.5%	+19.3%	+14.8%	+15.8%	+11.5%	+12.2%	+8.2%
Returns
ROE	+18.2%	+20.7%	+24.2%	+11.4%	+15.9%	+10.7%	+14.2%	+8.0%	+6.7%	+8.4%
ROA	+5.6%	+6.1%	+7.5%	+3.1%	+4.8%	+3.2%	+4.3%	+2.4%	+1.9%	+2.4%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	2.27x	2.41x	2.21x	2.72x	2.33x	2.24x	2.22x	2.31x	2.37x	2.43x
Interest coverage	29.72x	30.58x	33.41x	11.27x	15.52x	9.80x	13.54x	6.29x	5.27x	10.46x
Efficiency
Asset turnover	0.25x	0.25x	0.23x	0.20x	0.21x	0.20x	0.18x	0.17x	0.18x	0.15x
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

Your annotations

Not watched