ARCH CAPITAL GROUP LTD.
Business
Arch Capital Group Ltd. is a Bermuda-based insurance, reinsurance and mortgage insurance provider operating globally through wholly owned subsidiaries. The company offers specialty lines of property, casualty and mortgage insurance and reinsurance to commercial and institutional customers through direct underwriting, brokers, and distribution partnerships. Arch operates three main segments—insurance, reinsurance and mortgage—with platforms in Bermuda, the U.S., U.K., Europe, Canada and Australia.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net premiums earned | 17,065 | 15,100 | 12,440 | 9,679 | 8,082 | |
| Net investment income | 1,625 | 1,495 | 1,023 | 496 | 389 | |
| Net realized gains (losses) | 464 | 197 | −165 | −663 | 380 | |
| Other underwriting income | 217 | 26 | 31 | 13 | 21 | |
| Equity in net income of investments accounted for using the equity method | 504 | 580 | 278 | 115 | 366 | |
| Other income (loss) | 54 | 42 | 27 | −27 | 10 | |
| Total revenues | 19,929 | 17,440 | 13,634 | 9,613 | 9,248 | |
| Losses and loss adjustment expenses | 9,370 | 8,342 | 6,246 | 5,028 | 4,585 | |
| Acquisition expenses | 3,153 | 2,651 | 2,312 | 1,740 | 1,303 | |
| Other operating expenses | 1,826 | 1,472 | 1,301 | 1,128 | 999 | |
| Corporate expenses | 132 | 200 | 102 | 95 | 78 | |
| Amortization of intangible assets | 193 | 235 | 95 | 106 | 82 | |
| Interest expense | 148 | 141 | 133 | 131 | 139 | |
| Net foreign exchange losses (gains) | 128 | −75 | 60 | −102 | −41 | |
| Total expenses | 14,950 | 12,966 | 10,249 | 8,126 | 7,145 | |
| Income before income taxes and income (loss) from operating affiliates | 4,979 | 4,474 | 3,385 | 1,487 | 2,103 | |
| Current tax expense (benefit) | 586 | 397 | 288 | 201 | 295 | |
| Deferred tax expense (benefit) | 174 | −35 | −1,161 | −121 | −167 | |
| Income tax expense (benefit) | 760 | 362 | −873 | 80 | 128 | |
| Income (loss) from operating affiliates | 180 | 200 | 184 | 75 | 264 | |
| Net income | 4,399 | 4,312 | 4,442 | 1,482 | 2,239 | |
| Net (income) loss attributable to noncontrolling interests | 0 | 0 | 1 | −6 | −82 | |
| Net income available to Arch | 4,399 | 4,312 | 4,443 | 1,476 | 2,157 | |
| Preferred dividends | −40 | −40 | −40 | −40 | −48 | |
| Net income available to Arch common shareholders | 4,359 | 4,272 | 4,403 | 1,436 | 2,094 | |
| Basic (per share) | 11.83 | 11.47 | 11.94 | 3.9 | 5.35 | |
| Diluted (per share) | 11.6 | 11.19 | 11.62 | 3.8 | 5.23 | |
| Basic (shares) | 368 | 373 | 369 | 369 | 392 | |
| Diluted (shares) | 376 | 382 | 379 | 378 | 400 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Debt securities available for sale, at fair value | 35,051 | 29,819 | 25,616 | 21,015 | 19,733 | |
| Equity securities, at fair value | 1,900 | 1,700 | — | — | — | |
| Other investments (portion measured at fair value: $3,136 and $3,066) | 3,136 | 3,066 | 2,488 | 1,644 | 1,974 | |
| Investments accounted for using the equity method | 6,453 | 5,980 | 4,566 | 3,774 | 3,078 | |
| Total investments | 46,504 | 40,540 | 33,856 | 27,293 | 26,588 | |
| Cash | 993 | 979 | 917 | 855 | 859 | |
| Accrued investment income | 338 | 298 | 236 | 159 | 85 | |
| Investment in operating affiliates | 1,313 | 1,240 | 1,119 | 965 | 1,136 | |
| Premiums receivable (net of allowance for credit losses: $43 and $45) | 5,723 | 5,634 | 4,644 | 3,625 | 2,633 | |
| Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $17 and $17) | 9,526 | 8,260 | 7,064 | 6,564 | 5,881 | |
| Contractholder receivables (net of allowance for credit losses: $7 and $5) | 2,270 | 2,161 | 1,814 | 1,731 | 1,829 | |
| Ceded unearned premiums | 2,659 | 2,428 | 2,170 | 1,799 | 1,729 | |
| Deferred acquisition costs | 1,717 | 1,734 | 1,531 | 1,264 | 902 | |
| Receivable for securities sold | 180 | 50 | 63 | 12 | 60 | |
| Goodwill and intangible assets | 1,222 | 1,351 | 731 | 804 | 945 | |
| Other assets | 6,796 | 6,231 | 4,761 | 2,919 | 2,454 | |
| Total assets | 79,241 | 70,906 | 58,906 | 47,990 | 45,101 | |
| Reserve for losses and loss adjustment expenses | 33,547 | 29,369 | 22,752 | 20,032 | 17,757 | |
| Unearned premiums | 10,100 | 10,218 | 8,808 | 7,337 | 6,012 | |
| Reinsurance balances payable | 2,320 | 2,137 | 2,000 | 1,530 | 1,583 | |
| Contractholder payables | 2,277 | 2,165 | 1,817 | 1,734 | 1,832 | |
| Collateral held for insured obligations | 237 | 249 | 259 | 249 | — | |
| Senior notes | 2,729 | 2,728 | 2,726 | 2,725 | 2,724 | |
| Payable for securities purchased | 308 | 181 | 247 | 95 | 65 | |
| Other liabilities | 3,517 | 3,039 | 1,942 | 1,367 | 1,330 | |
| Total liabilities | 55,035 | 50,086 | 40,551 | 35,069 | 31,546 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Non-cumulative preferred shares | 830 | 830 | 830 | 830 | 830 | |
| Common shares ($0.0011 par, shares issued: 599.8 and 595.6) | 1 | 1 | 1 | 1 | 648,000 | |
| Additional paid-in capital | 2,735 | 2,510 | 2,327 | 2,211 | 2,085 | |
| Retained earnings | 27,045 | 22,686 | 20,295 | 15,892 | 14,456 | |
| Accumulated other comprehensive income (loss), net of deferred income tax | 5 | −720 | −676 | −1,646 | −65 | |
| Common shares held in treasury, at cost (shares: 240.8 and 219.2) | −6,400 | −4,487 | −4,424 | −4,378 | −3,761 | |
| Total shareholders' equity | 24,206 | 20,820 | 18,353 | 12,910 | 13,546 | |
| Total liabilities and shareholders' equity | 79,241 | 70,906 | 58,906 | 47,990 | 45,101 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net realized (gains) losses | −440 | −185 | 182 | 651 | −427 | |
| Equity in net (income) or loss of investments accounted for using the equity method and other income or loss | −459 | −488 | −215 | 154 | — | |
| Share-based compensation | 148 | 133 | 93 | 88 | 88 | |
| Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable | 2,350 | 3,279 | 2,138 | 1,890 | 1,762 | |
| Unearned premiums, net of ceded unearned premiums | −589 | 632 | 1,028 | 1,399 | 935 | |
| Premiums receivable | 38 | −818 | −981 | −1,110 | −685 | |
| Deferred acquisition costs | 86 | −212 | −235 | −374 | −263 | |
| Reinsurance balances payable | 137 | 179 | 455 | −36 | 499 | |
| Deferred income tax assets, net | 174 | −35 | −1,161 | −121 | −167 | |
| Other items, net | 135 | −359 | −92 | −313 | −174 | |
| Net cash provided by operating activities | 6,172 | 6,673 | 5,749 | 3,816 | 3,425 | |
| Purchases of fixed maturity investments | −36,480 | −31,290 | −18,062 | −16,390 | −35,452 | |
| Purchases of equity securities | −1,448 | −1,423 | −456 | −797 | −1,175 | |
| Purchases of other investments | −2,238 | −3,485 | −2,171 | −1,720 | −1,859 | |
| Proceeds from sales of fixed maturity investments | 29,313 | 26,245 | 14,105 | 11,844 | 33,577 | |
| Proceeds from sales of equity securities | 1,507 | 1,101 | 288 | 1,554 | 918 | |
| Proceeds from sales, redemptions and maturities of other investments | 2,186 | 1,858 | 768 | 1,220 | 1,766 | |
| Proceeds from redemptions and maturities of fixed maturity investments | 2,494 | 2,036 | 781 | 715 | 1,629 | |
| Net settlements of derivative instruments | 310 | −5 | 50 | −69 | −39 | |
| Net (purchases) sales of short-term investments | 258 | −269 | −696 | 467 | 165 | |
| Acquisitions, net of cash | 0 | 852 | 0 | 0 | — | |
| Purchases of fixed assets | −44 | −51 | −52 | −50 | −41 | |
| Other | 106 | −30 | −23 | 125 | −524 | |
| Net cash used for investing activities | −4,036 | −4,461 | −5,468 | −3,101 | −2,138 | |
| Purchases of common shares under share repurchase program | −1,889 | −24 | 0 | −586 | −1,234 | |
| Proceeds from common shares issued, net | 50 | 7 | −2 | 6 | — | |
| Third party investment in redeemable noncontrolling interests | 0 | 0 | −22 | 0 | 0 | |
| Common dividends paid | −7 | −1,866 | 0 | 0 | — | |
| Preferred dividends paid | −40 | −40 | −40 | −40 | −47 | |
| Other | −4 | −2 | −5 | −86 | −4 | |
| Net cash provided by (used for) financing activities | −1,890 | −1,925 | −69 | −706 | −1,229 | |
| Effects of exchange rate changes on foreign currency cash and restricted cash | 61 | −25 | 13 | −50 | −34 | |
| Increase (decrease) in cash and restricted cash | 307 | 262 | 225 | −41 | 24 | |
| Income taxes paid (received) | 458 | 378 | 267 | 255 | 286 | |
| Interest paid | 127 | 127 | 127 | 128 | 139 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 4 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $290.39M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| JANUS DETROIT STR TR | — | 3.94M | $198.54M | 68.4% |
| ISHARES TR | — | 1.53M | $64.79M | 22.3% |
| ISHARES TR | — | 469.4K | $24.67M | 8.5% |
| ISHARES TR | — | 30.0K | $2.39M | 0.8% |
Frequently asked questions
What is ARCH CAPITAL GROUP LTD.'s CIK number?
ARCH CAPITAL GROUP LTD.'s SEC CIK number is 0000947484 (947484). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ARCH CAPITAL GROUP LTD.'s SEC filings?
All of ARCH CAPITAL GROUP LTD.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ARCH CAPITAL GROUP LTD. last report earnings?
ARCH CAPITAL GROUP LTD. (ACGL) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000947484-26-000051). This is ARCH CAPITAL GROUP LTD.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ARCH CAPITAL GROUP LTD.'s most recent earnings 8-K?
ARCH CAPITAL GROUP LTD.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0000947484-26-000051. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ARCH CAPITAL GROUP LTD.'s latest earnings 8-K →
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