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 revenue.

Balance Sheet

Assets, liabilities, and equity

19 accounts · 3 years

Total assets $79.2B

Total liabilities $55.0B

Shareholders equity $24.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	5.0%	5.6%	6.7%
Short Term Investments	0.0%	9.6%	8.7%
Other Current Assets	34.1%	35.7%	34.9%
Intangible Assets	0.0%	4.0%	2.3%
Long Term Investments	32.4%	34.3%	33.5%
Other Noncurrent Assets	34.1%	35.7%	34.9%
Total Assets	397.6%	406.6%	432.1%
Liabilities
Other Current Liabilities	17.6%	17.4%	14.2%
Total Current Liabilities	276.2%	287.2%	297.4%
Other Noncurrent Liabilities	17.6%	17.4%	14.2%
Total Liabilities	276.2%	287.2%	297.4%
Equity
Preferred Stock	4.2%	4.8%	6.1%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	13.7%	14.4%	17.1%
Retained Earnings	135.7%	130.1%	148.9%
Treasury Stock	32.2%	25.7%	32.4%
Accumulated Other Comprehensive Income	0.0%	-4.1%	-5.0%
Total Stockholders Equity	121.5%	119.4%	134.6%
Total Liabilitiesand Equity	397.6%	406.6%	432.1%

Income Statement

Revenue, expense, and profitability

16 accounts · 3 years

Revenue $19.9B

Operating income $4.4B

Net income $4.4B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	0.7%	1.1%	0.7%
Expenses Depreciation and Amortization	1.0%	1.3%	0.7%
Expenses Share Based Compensation	0.7%	0.8%	0.7%
Other Income Expense Operating Income	22.1%	24.7%	32.6%
Other Income Expense Interest Income	8.2%	8.6%	7.5%
Other Income Expense Interest Expense	0.7%	0.8%	1.0%
Other Income Expense Other Income/expense	0.3%	0.2%	0.2%
Other Income Expense Income Before Tax	25.9%	26.8%	26.2%
Income Tax Income Tax Expense	3.8%	2.1%	-6.4%
net Income net Income	22.1%	24.7%	32.6%
net Income Comprehensive Income	25.7%	24.5%	39.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.8%	2.1%	2.7%
Earnings Per Share Weighted Average Shares Diluted	1.9%	2.2%	2.8%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $6.2B

Investing cash flow $-4.0B

Financing cash flow $-1.9B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	22.1%	24.7%	32.6%
Operating Activities Depreciation and Amortization	1.0%	1.3%	0.7%
Operating Activities Stock Based Compensation	0.7%	0.8%	0.7%
Operating Activities Deferred Income Taxes	0.9%	-0.2%	-8.5%
Operating Activities Changes In Operating Assets and Liabilities	-0.7%	2.1%	0.7%
Operating Activities net Cash From Operating Activities	31.0%	38.3%	42.2%
Investing Activities Business Acquisitions	0.0%	-4.9%	0.0%
Investing Activities Purchases of Investments	183.0%	179.4%	132.5%
Investing Activities Proceeds From Sale of Investments	12.5%	11.7%	5.7%
Investing Activities Other Investing Activities	-0.5%	0.2%	0.2%
Investing Activities net Cash From Investing Activities	-20.3%	-25.6%	-40.1%
Financing Activities Repurchase of Common Stock	9.5%	0.1%	0.0%
Financing Activities Dividends Paid	9.5%	10.9%	—
Financing Activities Other Financing Activities	-0.0%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-9.5%	-11.0%	-0.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.3%	-0.1%	0.1%
Cash Reconciliation net Change In Cash	1.5%	1.5%	1.7%
Cash Reconciliation Cash At Beginning of Period	10.4%	10.1%	11.0%
Cash Reconciliation Cash At End of Period	10.4%	10.1%	11.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+22.1%	+24.7%	+32.6%
Net margin	+22.1%	+24.7%	+32.6%
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	+27.5%	+23.5%	+17.0%
Returns
ROE	+18.2%	+20.7%	+24.2%
ROA	+5.6%	+6.1%	+7.5%
ROIC	—	—	—
Liquidity
Current ratio	—	—	—
Quick ratio	—	—	—
Leverage
D/E	2.27x	2.41x	2.21x
Interest coverage	29.72x	30.58x	33.41x
Efficiency
Asset turnover	0.25x	0.25x	0.23x
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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