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 · 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	1.3%	1.4%	1.6%	1.8%	1.9%
Short Term Investments	0.0%	2.4%	2.0%	1.8%	4.0%
Other Current Assets	8.6%	8.8%	8.1%	6.1%	5.4%
Intangible Assets	0.0%	1.0%	0.5%	0.8%	1.2%
Long Term Investments	8.1%	8.4%	7.8%	7.9%	6.8%
Other Noncurrent Assets	8.6%	8.8%	8.1%	6.1%	5.4%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Other Current Liabilities	4.4%	4.3%	3.3%	2.8%	2.9%
Total Current Liabilities	69.5%	70.6%	68.8%	73.1%	69.9%
Other Noncurrent Liabilities	4.4%	4.3%	3.3%	2.8%	2.9%
Total Liabilities	69.5%	70.6%	68.8%	73.1%	69.9%
Equity
Preferred Stock	1.0%	1.2%	1.4%	1.7%	1.8%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	3.5%	3.5%	4.0%	4.6%	4.6%
Retained Earnings	34.1%	32.0%	34.5%	33.1%	32.1%
Treasury Stock	8.1%	6.3%	7.5%	9.1%	8.3%
Accumulated Other Comprehensive Income	0.0%	-1.0%	-1.1%	-3.4%	-0.1%
Total Stockholders Equity	30.5%	29.4%	31.2%	26.9%	30.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

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	25.1%	24.6%	23.1%	20.0%	20.5%
Expenses Selling,General and Administrative	0.2%	0.3%	0.2%	0.2%	0.2%
Expenses Depreciation and Amortization	0.2%	0.3%	0.2%	0.2%	0.2%
Expenses Share Based Compensation	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%
Other Income Expense Interest Income	2.1%	2.1%	1.7%	1.0%	0.9%
Other Income Expense Interest Expense	0.2%	0.2%	0.2%	0.3%	0.3%
Other Income Expense Other Income/expense	0.1%	0.1%	0.0%	-0.1%	0.0%
Other Income Expense Income Before Tax	6.5%	6.6%	6.1%	3.3%	5.3%
Income Tax Income Tax Expense	1.0%	0.5%	-1.5%	0.2%	0.3%
net Income net Income	5.6%	6.1%	7.5%	3.1%	4.8%
net Income Comprehensive Income	6.5%	6.0%	9.2%	-0.2%	3.6%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	0.5%	0.5%	0.6%	0.8%	0.9%
Earnings Per Share Weighted Average Shares Diluted	0.5%	0.5%	0.6%	0.8%	0.9%

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	5.6%	6.1%	7.5%	3.1%	4.8%
Operating Activities Depreciation and Amortization	0.2%	0.3%	0.2%	0.2%	0.2%
Operating Activities Stock Based Compensation	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%
Operating Activities Changes In Operating Assets and Liabilities	-0.2%	0.5%	0.2%	0.7%	0.4%
Operating Activities net Cash From Operating Activities	7.8%	9.4%	9.8%	8.0%	7.6%
Investing Activities Business Acquisitions	0.0%	-1.2%	0.0%	0.0%	—
Investing Activities Purchases of Investments	46.0%	44.1%	30.7%	34.2%	78.6%
Investing Activities Proceeds From Sale of Investments	3.1%	2.9%	1.3%	1.5%	3.6%
Investing Activities Other Investing Activities	-0.1%	0.0%	0.0%	-0.3%	1.2%
Investing Activities net Cash From Investing Activities	-5.1%	-6.3%	-9.3%	-6.5%	-4.7%
Financing Activities Repurchase of Common Stock	2.4%	0.0%	0.0%	1.2%	2.7%
Financing Activities Dividends Paid	2.4%	2.7%	—	—	—
Financing Activities Other Financing Activities	-0.0%	-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%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.0%	0.0%	-0.1%	-0.1%
Cash Reconciliation net Change In Cash	0.4%	0.4%	0.4%	-0.1%	0.1%
Cash Reconciliation Cash At Beginning of Period	2.6%	2.5%	2.5%	2.7%	2.9%
Cash Reconciliation Cash At End of Period	2.6%	2.5%	2.5%	2.7%	2.9%

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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