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 · 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	5.0%	5.6%	6.7%	8.9%	9.3%
Short Term Investments	0.0%	9.6%	8.7%	8.9%	19.5%
Other Current Assets	34.1%	35.7%	34.9%	30.4%	26.5%
Intangible Assets	0.0%	4.0%	2.3%	4.1%	5.7%
Long Term Investments	32.4%	34.3%	33.5%	39.3%	33.3%
Other Noncurrent Assets	34.1%	35.7%	34.9%	30.4%	26.5%
Total Assets	397.6%	406.6%	432.1%	499.2%	487.7%
Liabilities
Other Current Liabilities	17.6%	17.4%	14.2%	14.2%	14.4%
Total Current Liabilities	276.2%	287.2%	297.4%	364.8%	341.1%
Other Noncurrent Liabilities	17.6%	17.4%	14.2%	14.2%	14.4%
Total Liabilities	276.2%	287.2%	297.4%	364.8%	341.1%
Equity
Preferred Stock	4.2%	4.8%	6.1%	8.6%	9.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	13.7%	14.4%	17.1%	23.0%	22.5%
Retained Earnings	135.7%	130.1%	148.9%	165.3%	156.3%
Treasury Stock	32.2%	25.7%	32.4%	45.5%	40.7%
Accumulated Other Comprehensive Income	0.0%	-4.1%	-5.0%	-17.1%	-0.7%
Total Stockholders Equity	121.5%	119.4%	134.6%	134.3%	146.5%
Total Liabilitiesand Equity	397.6%	406.6%	432.1%	499.2%	487.7%

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	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	0.7%	1.1%	0.7%	1.0%	0.8%
Expenses Depreciation and Amortization	1.0%	1.3%	0.7%	1.1%	0.9%
Expenses Share Based Compensation	0.7%	0.8%	0.7%	0.9%	1.0%
Other Income Expense Operating Income	22.1%	24.7%	32.6%	15.4%	23.3%
Other Income Expense Interest Income	8.2%	8.6%	7.5%	5.2%	4.2%
Other Income Expense Interest Expense	0.7%	0.8%	1.0%	1.4%	1.5%
Other Income Expense Other Income/expense	0.3%	0.2%	0.2%	-0.3%	0.1%
Other Income Expense Income Before Tax	25.9%	26.8%	26.2%	16.2%	25.6%
Income Tax Income Tax Expense	3.8%	2.1%	-6.4%	0.8%	1.4%
net Income net Income	22.1%	24.7%	32.6%	15.4%	23.3%
net Income Comprehensive Income	25.7%	24.5%	39.7%	-1.1%	17.3%
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	1.8%	2.1%	2.7%	3.8%	4.2%
Earnings Per Share Weighted Average Shares Diluted	1.9%	2.2%	2.8%	3.9%	4.3%

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	22.1%	24.7%	32.6%	15.4%	23.3%
Operating Activities Depreciation and Amortization	1.0%	1.3%	0.7%	1.1%	0.9%
Operating Activities Stock Based Compensation	0.7%	0.8%	0.7%	0.9%	1.0%
Operating Activities Deferred Income Taxes	0.9%	-0.2%	-8.5%	-1.3%	-1.8%
Operating Activities Changes In Operating Assets and Liabilities	-0.7%	2.1%	0.7%	3.3%	1.9%
Operating Activities net Cash From Operating Activities	31.0%	38.3%	42.2%	39.7%	37.0%
Investing Activities Business Acquisitions	0.0%	-4.9%	0.0%	0.0%	—
Investing Activities Purchases of Investments	183.0%	179.4%	132.5%	170.5%	383.3%
Investing Activities Proceeds From Sale of Investments	12.5%	11.7%	5.7%	7.4%	17.6%
Investing Activities Other Investing Activities	-0.5%	0.2%	0.2%	-1.3%	5.7%
Investing Activities net Cash From Investing Activities	-20.3%	-25.6%	-40.1%	-32.3%	-23.1%
Financing Activities Repurchase of Common Stock	9.5%	0.1%	0.0%	6.1%	13.3%
Financing Activities Dividends Paid	9.5%	10.9%	—	—	—
Financing Activities Other Financing Activities	-0.0%	-0.0%	-0.0%	-0.9%	-0.0%
Financing Activities net Cash From Financing Activities	-9.5%	-11.0%	-0.5%	-7.3%	-13.3%
Cash Reconciliation Effect of Exchange Rate On Cash	0.3%	-0.1%	0.1%	-0.5%	-0.4%
Cash Reconciliation net Change In Cash	1.5%	1.5%	1.7%	-0.4%	0.3%
Cash Reconciliation Cash At Beginning of Period	10.4%	10.1%	11.0%	13.2%	14.2%
Cash Reconciliation Cash At End of Period	10.4%	10.1%	11.0%	13.2%	14.2%

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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