Tearsheet

Arch Capital (ACGL)

Market Price (12/14/2025): $93.86 | Market Cap: $34.6 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Arch Capital (ACGL)

Market Price (12/14/2025): $93.86
Market Cap: $34.6 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 5.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 19%	Trading close to highs Dist 52W High is -3.1%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25%	Weak multi-year price returns 2Y Excs Rtn is -24%, 3Y Excs Rtn is -9.3%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 6.3 Bil, FCF LTM is 6.3 Bil
3	Low stock price volatility Vol 12M is 25%
4	Megatrend and thematic drivers Megatrends include AI in Financial Services, and Cybersecurity. Themes include AI for Fraud Detection, and Cloud Security.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 5.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 19%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -25%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33%, CFO LTM is 6.3 Bil, FCF LTM is 6.3 Bil
3	Low stock price volatility Vol 12M is 25%
4	Megatrend and thematic drivers Megatrends include AI in Financial Services, and Cybersecurity. Themes include AI for Fraud Detection, and Cloud Security.
5	Trading close to highs Dist 52W High is -3.1%
6	Weak multi-year price returns 2Y Excs Rtn is -24%, 3Y Excs Rtn is -9.3%

Valuation, Metrics & Events

	12/14/25	2024	2023	2022	2021
Share Price CYE	$93.86	$92.35	$70.62	$59.70	$42.27
Market Cap CYE ($ Bil)	34.6	34.5	26.1	21.8	16.0
Total Debt ($ Bil)	2.7	2.7	2.7	2.7	2.7
Total Cash ($ Bil)	1.1	1.0	0.9	0.9	0.9
Enterprise Value ($ Bil)	36.3	37.2	28.8	24.5	18.7
Valuation Ratios
P/S TTM	1.8	2.0	2.1	2.4	1.9
P/EBIT TTM	7.2	7.5	7.8	14.3	7.8
P/E TTM	8.2	8.0	6.2	15.7	8.1
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0	5.0	10.4
P/EBIT TTM (Sector)	29.1	31.2	26.5	17.6	29.4
P/E TTM (Sector)	37.5	39.9	36.4	22.9	42.6

	12/14/25	2024	2023
Share Price CYE	$93.86	$92.35	$70.62
Market Cap CYE ($ Bil)	34.6	34.5	26.1
Total Debt ($ Bil)	2.7	2.7	2.7
Total Cash ($ Bil)	1.1	1.0	0.9
Enterprise Value ($ Bil)	36.3	37.2	28.8
Valuation Ratios
P/S TTM	1.8	2.0	2.1
P/EBIT TTM	7.2	7.5	7.8
P/E TTM	8.2	8.0	6.2
Sector Ratios
P/S TTM (Sector)	11.4	10.5	8.0
P/EBIT TTM (Sector)	29.1	31.2	26.5
P/E TTM (Sector)	37.5	39.9	36.4

	ACGL	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	19.0
Rev Chg Q	11.0%	15.9%
Rev Chg LTM	17.5%	13.2%
Rev Chg 3Y Avg	28.9%	12.2%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	6.3
Net Inc LTM ($ Bil)	4.1
CFO/Rev LTM	33.3%	35.5%
Net Inc Mgn	21.5%	27.6%
VALUATION	LOW
P/S	1.8	11.4
P/CFO	5.3	30.6
P/FCF	5.3	54.0
P/E	8.2	37.5

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Metric	Value	Date	Source
Gross premiums written by the insurance segment growth	9.7%	10272025	Link
Net premiums written by the insurance segment growth	7.3%	10272025	Link
Net premiums earned in the insurance segment growth	11.6%	10272025	Link
Loss ratio from current year catastrophic activity	2.2 points	10272025	Link
Favorable development in prior year loss reserves, net of related adjustments	$103 million	10272025	Link
Combined ratio excluding catastrophic activity and prior year development	80.5%	10272025	Link
Book value per common share	$62.32	9302025	Link
Underwriting expense ratio	34.4%	10272025	Link
Annualized net income return on average common equity	23.8%	10272025	Link

Upcoming
2/09/2026	Earnings Release	Rev: - EPS: -

ACGL Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for why Arch Capital (ACGL) stock experienced movements, including a 2.6% change, during the approximate time period from August 31, 2025, to December 15, 2025: 1. On September 15, 2025, Arch Capital's stock declined by 2.6% from its previous trading session. This specific drop occurred on a day when the broader market, including the S&P 500, Dow, and Nasdaq, recorded gains, suggesting that company-specific or sector-related factors may have influenced this particular movement. 2. Arch Capital's third-quarter 2025 earnings significantly surpassed analyst expectations for earnings per share (EPS). Announced on October 27-28, 2025, the company reported an EPS of $2.77, considerably beating the consensus estimate of $2.23. This strong performance included a 37% year-over-year increase in both after-tax operating income and net income, which positively influenced investor sentiment despite mixed results on revenue forecasts. 3. A substantial increase in the share repurchase authorization boosted investor confidence. On September 8, 2025, Arch Capital announced a $2 billion increase to its share repurchase authorization. Such a move generally signals management's belief in the company's undervaluation and its commitment to enhancing shareholder value. 4. The company's robust underwriting performance, characterized by lower catastrophe losses, contributed to enhanced profitability. For Q3 2025, Arch Capital reported an improved combined ratio of 79.8% and strong underwriting income, particularly within its reinsurance segment. This was partly attributed to a quieter period for natural catastrophes, underpinning positive financial results. 5. Mixed analyst ratings and adjustments to price targets created varied signals for the stock. Throughout November and December 2025, while many analysts maintained "Buy" or "Overweight" ratings and suggested potential upside, some firms, like Roth MKM, lowered their price targets in early December. These adjustments were sometimes due to concerns about written premium growth, contributing to fluctuations in the stock's valuation.

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Stock Movement Drivers

Fundamental Drivers

The 1.7% change in ACGL stock from 9/14/2025 to 12/14/2025 was primarily driven by a 6.9% change in the company's Net Income Margin (%).

	9142025	12142025	Change
Stock Price ($)	92.26	93.86	1.73%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	18555.00	19048.00	2.66%
Net Income Margin (%)	20.12%	21.50%	6.86%
P/E Multiple	9.20	8.46	-8.05%
Shares Outstanding (Mil)	372.20	369.00	0.86%
Cumulative Contribution			1.73%

LTM = Last Twelve Months as of date shown

Market Drivers

9/14/2025 to 12/14/2025

	Return	Correlation
ACGL	1.8%
Market (SPY)	3.7%	-9.0%
Sector (XLF)	2.1%	32.6%

Fundamental Drivers

The 3.2% change in ACGL stock from 6/15/2025 to 12/14/2025 was primarily driven by a 8.0% change in the company's Total Revenues ($ Mil).

	6152025	12142025	Change
Stock Price ($)	90.99	93.86	3.15%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	17644.00	19048.00	7.96%
Net Income Margin (%)	21.34%	21.50%	0.75%
P/E Multiple	9.01	8.46	-6.15%
Shares Outstanding (Mil)	372.90	369.00	1.05%
Cumulative Contribution			3.14%

LTM = Last Twelve Months as of date shown

Market Drivers

6/15/2025 to 12/14/2025

	Return	Correlation
ACGL	3.2%
Market (SPY)	14.5%	-7.8%
Sector (XLF)	10.4%	28.0%

Fundamental Drivers

The 0.5% change in ACGL stock from 12/14/2024 to 12/14/2025 was primarily driven by a 38.5% change in the company's P/E Multiple.

	12142024	12142025	Change
Stock Price ($)	93.42	93.86	0.47%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	16207.00	19048.00	17.53%
Net Income Margin (%)	35.24%	21.50%	-38.98%
P/E Multiple	6.10	8.46	38.51%
Shares Outstanding (Mil)	373.20	369.00	1.13%
Cumulative Contribution			0.46%

LTM = Last Twelve Months as of date shown

Market Drivers

12/14/2024 to 12/14/2025

	Return	Correlation
ACGL	0.5%
Market (SPY)	13.9%	35.7%
Sector (XLF)	12.2%	56.9%

Fundamental Drivers

The 62.5% change in ACGL stock from 12/15/2022 to 12/14/2025 was primarily driven by a 112.7% change in the company's Total Revenues ($ Mil).

	12152022	12142025	Change
Stock Price ($)	57.77	93.86	62.48%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	8954.37	19048.00	112.72%
Net Income Margin (%)	13.85%	21.50%	55.23%
P/E Multiple	17.01	8.46	-50.28%
Shares Outstanding (Mil)	365.20	369.00	-1.04%
Cumulative Contribution			62.46%

LTM = Last Twelve Months as of date shown

Market Drivers

12/15/2023 to 12/14/2025

	Return	Correlation
ACGL	34.5%
Market (SPY)	48.0%	29.5%
Sector (XLF)	51.2%	53.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
ACGL Return	-16%	23%	41%	18%	31%	1%	130%
Peers Return	-10%	16%	15%	6%	29%	12%	85%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	111%
Monthly Win Rates [3]
ACGL Win Rate	67%	67%	67%	58%	58%	42%
Peers Win Rate	55%	57%	55%	55%	57%	65%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
ACGL Max Drawdown	-48%	-13%	-6%	-2%	0%	-8%
Peers Max Drawdown	-39%	-11%	-12%	-8%	-1%	-7%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: EG, RNR, AXS, MKL, WRB. See ACGL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/12/2025 (YTD)

How Low Can It Go

Unique Key	Event	ACGL	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-18.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	22.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	87 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-53.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	116.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	636 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-27.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	37.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	130 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-43.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	78.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	541 days	1480 days

Compare to TRV, ALL, MET, AIG, PRU

In The Past

Arch Capital's stock fell -18.4% during the 2022 Inflation Shock from a high on 11/1/2023. A -18.4% loss requires a 22.6% gain to breakeven.

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About Arch Capital (ACGL)

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; collateral protection, debt cancellation, and service contract reimbursement products; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products. It also provides property, energy, marine, and aviation insurance; travel insurance; accident, disability, and medical plan insurance coverages; captive insurance programs; employer's liability; and contract and commercial surety coverages. This segment markets its products through a group of licensed independent retail and wholesale brokers. Its Reinsurance segment provides casualty reinsurance for third party liability and workers' compensation exposures; marine and aviation; surety, accident and health, workers' compensation catastrophe, agriculture, trade credit, and political risk products; reinsurance protection for catastrophic losses, and personal lines and commercial property exposures; life reinsurance; casualty clash; and risk management solutions. This segment markets its reinsurance products through brokers. The company's Mortgage segment offers direct mortgage insurance and mortgage reinsurance. The company was incorporated in 1995 and is based in Pembroke, Bermuda.

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Here are 1-2 brief analogies for Arch Capital (ACGL):

A more focused, insurance-only version of Berkshire Hathaway's highly regarded insurance businesses.
Think of a top-tier commercial insurer like Chubb, but with the added scale and diversification of a major global reinsurer and mortgage insurer.

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Arch Capital (ACGL) Major Products and Services

Mortgage Insurance: Provides coverage to lenders for credit losses resulting from borrower defaults on residential mortgage loans.
Property and Casualty Insurance: Offers a diverse range of insurance solutions for businesses and individuals, covering various risks such as property damage, liability, and specialized professional lines.
Reinsurance: Provides coverage to other insurance companies, helping them manage their own risk exposure across property, casualty, and specialty lines.

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Arch Capital (ACGL) Major Customers

Arch Capital Group Ltd. (ACGL) is a specialty insurance and reinsurance company. Given the nature of its business, Arch Capital primarily sells its products and services to **other companies** rather than directly to individuals. Due to the highly diversified nature of the insurance and reinsurance industries, companies like Arch Capital typically do not disclose specific names of their major customers. Their business model relies on spreading risk across a large number of clients, and no single client usually represents a significant portion of their revenue, which prevents over-reliance on any one customer. Furthermore, client relationships in insurance and reinsurance are often considered proprietary and competitive information. Instead, we can describe the categories of companies that constitute Arch Capital's customer base:

Other Insurance Companies: Arch Capital's significant reinsurance segment provides coverage to primary insurance companies around the world. These customers are seeking to transfer a portion of their own underwriting risk to Arch, thereby stabilizing their financial results. These can include large multinational insurers as well as smaller regional carriers.
Businesses and Corporations: Through its insurance segments, Arch provides a wide range of specialty property and casualty insurance products to various types of businesses and corporations across numerous industries. These customers include companies in sectors such as:
- Healthcare
- Energy
- Marine and Aviation
- Construction
- Professional Services
- Financial Institutions
- And many others seeking specialized risk coverage.
These policies are often sold through commercial insurance brokers.
Mortgage Lenders and Financial Institutions: Arch Capital is a leading provider of mortgage insurance. Its customers in this segment are primarily mortgage lenders (banks, credit unions, mortgage companies) who purchase mortgage insurance to protect themselves against borrower default on residential mortgages.

In summary, while Arch Capital does not publicly disclose the names of individual customer companies, its customer base consists broadly of other insurance companies, diverse businesses seeking various forms of specialty insurance, and mortgage lenders.

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BlackRock Inc. (Symbol: BLK)

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Nicolas Papadopoulo, Chief Executive Officer

Nicolas Papadopoulo was appointed Chief Executive Officer of Arch Capital Group Ltd. in October 2024. He joined Arch Capital in December 2001 and has held various underwriting and leadership roles within the company. These roles include President and Chief Underwriting Officer of Arch Capital and Chief Executive Officer of Arch Worldwide Insurance Group since January 2021. Previously, he served as Chairman and Chief Executive Officer of Arch Worldwide Insurance Group and Chief Underwriting Officer for Property and Casualty Operations from September 2017 to December 2020, and as Chairman and Chief Executive Officer of Arch Reinsurance Group from July 2014 to September 2017. Before joining Arch, Mr. Papadopoulo held positions at Sorema N.A. Reinsurance Group and worked as an insurance examiner with the Ministry of Finance in France. He holds a master's degree in statistics from École Polytechnique and École Nationale de la Statistique et de l'Administration Économique in France.

Francois Morin, Executive Vice President, Chief Financial Officer and Treasurer

Francois Morin assumed the role of Executive Vice President, Chief Financial Officer and Treasurer of Arch Capital Group Ltd. in May 2018. He joined Arch Capital in 2011, initially serving as Chief Actuary and Deputy Chief Risk Officer. Prior to his tenure at Arch, Mr. Morin gained over 20 years of experience at Towers Watson & Co. and its predecessor firm Towers, Perrin, Forster & Crosby, including its actuarial division, Tillinghast, where he held various roles and led the firm's engagement with Arch Capital Group Ltd. He earned a Bachelor of Science degree in actuarial science from Université Laval in Canada. Mr. Morin is a Fellow of the Casualty Actuarial Society, a Chartered Financial Analyst, and a Member of the American Academy of Actuaries.

Maamoun Rajeh, President

Maamoun Rajeh serves as President of Arch Capital Group Ltd. He is also noted as the CEO of Arch Worldwide Reinsurance Group since 2017.

David E. Gansberg, President

David E. Gansberg is a President at Arch Capital Group Ltd. He is also the CEO of the Global Mortgage Group.

Christine Todd, Chief Investment Officer; President of Arch Investment Management Ltd.

Christine Todd holds the titles of Chief Investment Officer and President of Arch Investment Management Ltd.

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The accelerating adoption and technological sophistication of **parametric insurance platforms**, leveraging advanced climate data analytics, satellite imagery, and IoT sensors. These platforms offer an alternative, data-driven mechanism for risk transfer that bypasses traditional indemnity-based insurance and reinsurance models for specific perils (e.g., natural catastrophes like hurricanes, floods, and droughts). By offering faster payouts, simpler products, and potentially lower administrative costs due to the elimination of complex loss adjustment, these specialized platforms pose a clear emerging threat to Arch Capital's traditional property and catastrophe reinsurance segments, potentially eroding market share and exerting downward pressure on pricing in those lines of business.

AI Generated Analysis | Feedback

Arch Capital Group Ltd. (ACGL) operates in three primary market segments: insurance, reinsurance, and mortgage insurance.

Insurance

Arch Capital provides a range of specialty property and casualty (P&C) insurance products.

Globally, the property and casualty insurance market was estimated at approximately USD 3.97 trillion in 2024 and is projected to reach USD 8.81 trillion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 8.30% from 2025 to 2034. Another estimate valued the global market at USD 3,674.46 billion in 2023, with a projection to reach USD 6,180.14 billion by 2030, at a CAGR of 7.9% from 2024 to 2030.
In the U.S., the property and casualty insurance market was valued at USD 1.27 trillion in 2024 and is expected to reach approximately USD 2.86 trillion by 2034. Another estimate for the U.S. market size was USD 1.10 trillion in 2025, projected to reach USD 1.33 trillion by 2030, with a CAGR of 3.96%.

Reinsurance

Arch Capital's reinsurance segment offers products across casualty, property (excluding property catastrophe), property catastrophe, marine, and aviation lines.

The global reinsurance market was valued at approximately USD 711.75 billion in 2024 and is projected to reach around USD 2000.08 billion by 2034, expanding at a CAGR of 10.88% from 2025 to 2034. Other reports estimate the global market at USD 582.77 billion in 2023, expected to reach USD 1488.06 billion by 2032 with an 11.0% CAGR, or USD 581.3 billion in 2024, growing to USD 1,165.7 billion by 2033 at an 8.04% CAGR.
The U.S. reinsurance market was valued at USD 220.05 billion in 2024 and is expected to reach USD 630.10 billion by 2034, with a CAGR of 11.09% from 2025 to 2034. Another report indicates the U.S. reinsurance market reached USD 143.6 billion in 2024 and is projected to reach USD 211.7 billion by 2033, exhibiting a growth rate of 3.96% during 2025-2033.

Mortgage Insurance

Arch Capital is involved in U.S. primary mortgage insurance, including loans sold to Fannie Mae and Freddie Mac, and international mortgage insurance and reinsurance.

The global mortgage insurance market size was recorded at USD 895.81 billion in 2021 and is projected to reach USD 1284.3 billion by 2025, further growing to USD 2639.78 billion by 2033, with a CAGR of 9.424% during 2025 to 2033. The global private mortgage insurance (PMI) market, a segment of the overall mortgage insurance market, is expected to grow from USD 6.24 billion in 2024 to USD 6.84 billion in 2025, and to USD 9.71 billion by 2029, at a CAGR of 9.2%.
In the U.S., the private mortgage insurance market supported nearly USD 300 billion in mortgage originations in 2024, and the market is expected to be slightly larger in 2025. As of year-end 2024, approximately USD 1.4 trillion of Fannie Mae and Freddie Mac's single-family mortgage portfolios were covered by mortgage insurance.

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The following are 3-5 expected drivers of future revenue growth for Arch Capital (ACGL) over the next 2-3 years:

1. Growth in Property & Casualty (P&C) Insurance Segment: Arch Capital is expected to drive revenue growth through its P&C insurance segment, particularly in specialty lines and the middle market. The company reported nearly $2 billion in net premiums written in its P&C Insurance segment for Q3 2025, with a 17% increase in net written premium in North America other liability occurrence, supported by growth in the middle market and Excess & Surplus (E&S) casualty rates. Strategic enhancements, such as the MidCorp and Entertainment acquisition, are contributing to growth in the North American middle market business. The company anticipates strong momentum to continue due to a rational and disciplined insurance market where rate increases generally exceed loss cost trends.

2. Disciplined Underwriting and Risk-Based Pricing: Arch Capital's commitment to disciplined underwriting and risk-based pricing is a key driver for profitable revenue growth. Management actively seeks to deploy capital into attractive underwriting opportunities, which allows for growth even in competitive markets. Analysts suggest that cycle management and investments in data analytics will lead to improved risk selection and more stable underwriting profits, thereby supporting higher future margins and revenue quality.

3. Growth in Net Investment Income: Increasing net investment income is expected to contribute to Arch Capital's overall revenue. The company saw a 2.3% year-over-year increase in pre-tax net investment income in Q3 2025. This growth is attributed to an expansion in average invested assets, which in turn benefits from strong operating cash flows. Consistent investment income and gains are also bolstering the company's financial stability.

4. Strategic Capital Allocation and Potential Mergers & Acquisitions (M&A): Arch Capital's robust capital position provides the flexibility to invest in opportunities that offer attractive risk-adjusted returns. While share repurchases are currently a preferred method of capital return, the company remains open to M&A activities that could further enhance its business lines and drive revenue. Past acquisitions, such as the MidCorp and Entertainment deal, have already proven effective in boosting growth within the insurance segment.

5. Diversified Business Model: The company's diversified platform across its insurance, reinsurance, and mortgage segments enables it to navigate varying market conditions and capitalize on diverse opportunities, thereby supporting consistent revenue generation. This diversified approach allows Arch Capital to strategically allocate capital across its segments, mitigating risks from any single market and fostering overall enterprise-wide growth.

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Share Repurchases

Arch Capital's Board of Directors increased the authorization for its existing share repurchase program by $2.0 billion as of September 4, 2025, bringing the total available for future repurchases to approximately $2.3 billion.
The company repurchased $732 million of shares during the third quarter of 2025.
Year-to-date through October 2025, Arch Capital repurchased 15.1 million shares, representing 4% of its outstanding shares.

Share Issuance

Shares outstanding for Arch Capital Group were 0.382 billion in 2024, marking a 0.79% increase from 2023.
In 2023, shares outstanding were 0.379 billion, a 0.32% increase from 2022.
The number of shares outstanding was 0.378 billion in 2022, reflecting a 5.67% decline from 2021.

Outbound Investments

On August 1, 2024, Arch Capital finalized the acquisition of the U.S. Middle Market and Entertainment Property & Casualty Insurance Business for a base price of $450 million.
Arch Capital has made a total of 5 acquisitions within the last few years, with peak activity in 2021 (3 acquisitions) and individual acquisitions in 2023 and 2024.
The company has also made strategic investments in various companies across sectors like Internet First Insurance Platforms, Property Management Services, and Insurance Underwriters, including a Seed round in Rainbow on January 10, 2024.

Better Bets than Arch Capital (ACGL)

	ACGL	Better Performance than ACGL
Metric	Value	INDUSTRY: Property & Casualty Insurance
Rev Chg LTM	17.5%	PLMR (54.1%), LMND (33.5%), FAF (20.7%), PGR (18.4%), KNSL (18.1%)
Rev Chg 3Y Avg	28.9%	LMND (49.5%), WTM (42.6%), PLMR (36.5%), KNSL (32.4%), SKWD (31.4%)
CFO/Rev LTM	33.3%	KNSL (56.3%), SLDE (51.0%), HCI (50.0%), PLMR (47.0%), FNF (42.4%)
FCF/Rev LTM	33.0%	KNSL (53.3%), SLDE (50.7%), HCI (49.5%), PLMR (45.7%), FNF (41.4%)
Total Yield	17.8%	AII (25.2%), UVE (19.8%), HRTG (19.1%)
P/S	1.8	ALL (0.9), TRV (1.3), HIG (1.4), MKL (1.5), PGR (1.7)

	ACGL	Better Performance than ACGL
Metric	Value	SECTOR: Financials
Rev Chg LTM	17.5%	COF (25.4%), SCHW (22.3%), PGR (18.4%), BLK (18.2%), MS (17.6%)
Rev Chg 3Y Avg	28.9%	APO (89.3%), SLF (88.9%), NU (62.1%), HOOD (47.5%), KKR (44.5%)
CFO/Rev LTM	33.3%	RY (83.0%), V (57.6%), BAC (57.3%), MA (56.1%), SPGI (37.6%)
FCF/Rev LTM	33.0%	RY (79.6%), BAC (57.3%), V (53.9%), MA (52.5%), SPGI (36.4%)
Total Yield	17.8%	XP (71.7%), FMCC (29.4%), FNMA (21.2%), ARCC (18.0%), OMF (18.0%)
P/S	1.8	MET (0.8), ALL (0.9), MFC (1.2), TRV (1.3), PGR (1.7)

	ACGL	Better Performance than ACGL
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	17.5%	NVDA (65.2%), PLTR (47.2%), LLY (36.8%), AVGO (28.0%), META (21.3%)
Rev Chg 3Y Avg	28.9%	NVDA (91.6%), APP (36.0%), CRWD (31.1%), ANET (29.4%), PLTR (29.3%)
CFO/Rev LTM	33.3%	META (56.8%), MSFT (50.0%), NVDA (44.4%), AVGO (42.4%), GOOGL (39.3%)
FCF/Rev LTM	33.0%	APP (50.6%), ANET (47.9%), PLTR (46.0%), AVGO (41.6%), NVDA (41.3%)
Total Yield	17.8%	RCI (40.7%), BCE (40.6%), CMCSA (23.8%), GFL (21.0%), EIX (20.9%)
P/S	1.8	UNH (0.7), WMT (1.2), XOM (1.5), COST (1.5), CVX (1.6)

		Best Bets In Financials Sector
	ACGL	JXN	FG	MTG	CME	KNSL	NMIH	CACC	ENVA	TW	HOOD
What You Pay
P/E	8.2	12.9	9.9	8.6	25.8	20.8	7.8	11.6	9.8	37.6	58.0
P/EBIT	7.2	9.8	5.7	6.6	19.4	16.2	5.7	9.2	7.5	25.4	63.5
What You Get
Rev Chg Q	11.0%	-35.5%	17.8%	-0.7%	-3.0%	19.0%	7.6%	6.0%	16.3%	13.3%	100.0%
Rev Chg LTM	17.5%	24.0%	-4.9%	2.2%	5.8%	18.1%	8.9%	10.2%	21.1%	22.2%	74.6%
Rev Chg 3Y Avg	28.9%	429.4%	22.0%	1.2%	8.9%	32.4%	10.3%	7.6%	23.5%	19.7%	47.5%
FCF/Rev 3Y Avg	38.2%	847.0%	120.8%	62.2%	61.9%	60.8%	58.4%	55.6%	54.7%	49.8%	45.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Day 8 of Gains Streak for Arch Capital Stock with 7.9% Return (vs. 0.4% YTD) [11/13/2025]TREFISDASH	Notification
2	Day 7 of Gains Streak for Arch Capital Stock with 6.7% Return (vs. -0.6% YTD) [11/12/2025]TREFISDASH	Notification
3	How Low Can Arch Capital Stock Really Go?	Return
4	ACGL Dip Buy Analysis
5	Arch Capital Total Shareholder Return (TSR): 36.1% in 2024 and 31.5% 3-yr compounded annual returns (above peer average)
6	Arch Capital (ACGL) Operating Cash Flow Comparison	Financials
7	Arch Capital (ACGL) Net Income Comparison	Financials
8	Arch Capital Market Price	Market Price
9	Arch Capital vs. S&P500 Correlation	Correlation
10	ACGL YTD Stock Return Of 53% Outperforms AIG by 43% and Outperforms HIG by 5.4%	Return
11	ARTICLES
12	8-Day Rally Sends Arch Capital Stock Up 7.9%		November 14th, 2025
13	Arch Capital Stock 7-Day Winning Spree: Stock Climbs 6.7%		November 13th, 2025

	Title
0	DASHBOARDS
1	Day 8 of Gains Streak for Arch Capital Stock with 7.9% Return (vs. 0.4% YTD) [11/13/2025]TREFISDASH
2	Day 7 of Gains Streak for Arch Capital Stock with 6.7% Return (vs. -0.6% YTD) [11/12/2025]TREFISDASH
3	How Low Can Arch Capital Stock Really Go?
4	ACGL Dip Buy Analysis
5	Arch Capital Total Shareholder Return (TSR): 36.1% in 2024 and 31.5% 3-yr compounded annual returns (above peer average)
6	Arch Capital (ACGL) Operating Cash Flow Comparison
7	Arch Capital (ACGL) Net Income Comparison
8	Arch Capital Market Price
9	Arch Capital vs. S&P500 Correlation
10	ACGL YTD Stock Return Of 53% Outperforms AIG by 43% and Outperforms HIG by 5.4%
11	ARTICLES
12	8-Day Rally Sends Arch Capital Stock Up 7.9%
13	Arch Capital Stock 7-Day Winning Spree: Stock Climbs 6.7%

Trade Ideas

Select past ideas related to ACGL. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	16.5%	16.5%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.3%	11.3%	0.0%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-1.8%	-1.8%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	5.4%	5.4%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-8.8%	-8.8%	-11.0%
ACGL_2292020_Quality_Momentum_RoomToRun_10%	02292020	ACGL	Arch Capital	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-20.2%	-11.4%	-45.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	16.5%	16.5%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.3%	11.3%	0.0%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-1.8%	-1.8%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	5.4%	5.4%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-8.8%	-8.8%	-11.0%
ACGL_2292020_Quality_Momentum_RoomToRun_10%	02292020	ACGL	Arch Capital	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-20.2%	-11.4%	-45.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.8	310.0%	466.9%
WVE	WAVE Life Sciences	2.7	138.1%	33.9%
TERN	Terns Pharmaceuticals	4.1	121.7%	712.3%
ALMS	Alumis	0.9	119.3%	46.2%
CDTX	Cidara Therapeutics	5.9	106.0%	720.9%
SGML	Sigma Lithium	1.2	87.2%	-2.6%
ANNX	Annexon	0.7	75.0%	-3.1%
NUVB	Nuvation Bio	2.9	71.0%	216.9%
ARWR	Arrowhead Pharmaceuticals	9.7	69.2%	272.8%
SVRA	Savara	1.5	68.0%	125.4%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.0%	-63.3%
FRMI	Fermi	7.1	-53.6%
JANX	Janux Therapeutics	0.9	-46.4%	-71.4%
UP	Wheels Up Experience	0.5	-41.9%	-57.4%
AGIO	Agios Pharmaceuticals	1.6	-37.5%	-17.0%
ARDT	Ardent Health	1.2	-37.4%	-48.5%
CTEV	Claritev	0.6	-36.1%
METC	Ramaco Resources	1.0	-35.9%	54.3%
QURE	uniQure	1.1	-35.2%	10.5%
IBTA	Ibotta	0.6	-34.6%	-67.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TLRY	Tilray Brands	12.9	44.1%	-8.6%
RZLT	Rezolute	0.2	28.6%	-63.3%
CRON	Cronos	1.3	14.7%	61.9%
YOU	Clear Secure	4.0	13.3%	58.5%
RIVN	Rivian Automotive	22.5	12.1%	38.5%
EVCM	EverCommerce	2.2	10.9%	9.7%
LULU	Lululemon Athletica	24.5	9.6%	-46.4%
NX	Quanex Building Products	0.8	9.5%	-30.9%
OXM	Oxford Industries	0.5	9.4%	-53.1%
IIPR	Innovative Industrial Properties	1.6	8.9%	-5.9%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FRMI	Fermi	7.1	-33.8%
LENZ	LENZ Therapeutics	0.5	-26.0%	-37.2%
AIP	Arteris	0.7	-17.2%	59.9%
MOD	Modine Manufacturing	7.4	-15.3%	20.7%
FBYD	Falcons Beyond Global	0.4	-15.2%	40.7%
OKLO	Oklo	12.2	-15.1%	311.8%
SEI	Solaris Energy Infrastructure	2.0	-14.8%	62.6%
SNDK	SanDisk	30.1	-14.7%
NXDR	Nextdoor	0.9	-14.4%
RCUS	Arcus Biosciences	2.3	-14.4%	44.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
WVE	WAVE Life Sciences	2.7	121.1%	33.9%
TLRY	Tilray Brands	12.9	65.3%	-8.6%
TERN	Terns Pharmaceuticals	4.1	53.3%	712.3%
PLAB	Photronics	2.1	50.4%	54.1%
FULC	Fulcrum Therapeutics	0.8	46.1%	176.6%
WRBY	Warby Parker	3.4	46.0%	13.2%
PL	Planet Labs PBC	5.5	42.8%	351.5%
ALEX	Alexander & Baldwin	1.5	37.5%	22.5%
KYMR	Kymera Therapeutics	7.8	34.6%	122.9%
CRON	Cronos	1.3	31.3%	61.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
RZLT	Rezolute	0.2	-82.7%	-63.3%
FBYD	Falcons Beyond Global	0.4	-44.0%	40.7%
FRMI	Fermi	7.1	-33.4%
LENZ	LENZ Therapeutics	0.5	-32.1%	-37.2%
GOGO	Gogo	0.7	-27.9%	-37.1%
ELVN	Enliven Therapeutics	0.9	-22.7%	-25.1%
CRK	Comstock Resources	6.3	-20.8%	18.9%
BE	Bloom Energy	22.3	-20.3%	327.6%
PHR	Phreesia	1.0	-19.9%	-35.4%
MVST	Microvast	1.0	-19.7%	45.4%

Peer Comparisons for Arch Capital

Peers to compare with:

Financials

	ACGL	EG	RNR	AXS	MKL	WRB	Median
Name	Arch Cap.	Everest	Renaissa.	Axis Cap.	Markel	WR Berkl.
Mkt Price	93.86	327.24	271.37	103.87	2,167.01	69.30	187.62
Mkt Cap	34.6	13.5	12.4	8.1	27.2	27.5	20.4
Rev LTM	19,048	17,509	12,103	6,286	16,146	14,645	15,395
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	6,295	4,246	3,989	-316	2,375	3,330	3,659
FCF 3Y Avg	6,008	4,664	3,340	770	2,535	3,254	3,297
CFO LTM	6,341	4,246	3,989	-316	2,593	3,398	3,693
CFO 3Y Avg	6,057	4,664	3,340	770	2,770	3,330	3,335

Growth & Margins

	ACGL	EG	RNR	AXS	MKL	WRB	Median
Name	Arch Cap.	Everest	Renaissa.	Axis Cap.	Markel	WR Berkl.
Rev Chg LTM	17.5%	8.7%	-3.9%	7.5%	-6.6%	11.3%	8.1%
Rev Chg 3Y Avg	28.9%	14.2%	44.8%	5.7%	13.2%	10.6%	13.7%
Rev Chg Q	11.0%	-0.1%	-19.7%	11.4%	-2.5%	12.0%	5.4%
QoQ Delta Rev Chg LTM	2.7%	-0.0%	-6.1%	2.8%	-0.7%	2.8%	1.3%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	33.3%	24.3%	33.0%	-5.0%	16.1%	23.2%	23.7%
CFO/Rev 3Y Avg	38.6%	29.6%	30.3%	13.6%	17.1%	25.2%	27.4%
FCF/Rev LTM	33.0%	24.3%	33.0%	-5.0%	14.7%	22.7%	23.5%
FCF/Rev 3Y Avg	38.2%	29.6%	30.3%	13.6%	15.7%	24.7%	27.1%

Valuation

	ACGL	EG	RNR	AXS	MKL	WRB	Median
Name	Arch Cap.	Everest	Renaissa.	Axis Cap.	Markel	WR Berkl.
Mkt Cap	34.6	13.5	12.4	8.1	27.2	27.5	20.4
P/S	1.8	0.8	1.0	1.2	1.5	2.1	1.3
P/EBIT	7.2	19.7	4.2	6.1	8.2	11.9	7.7
P/E	8.2	26.3	6.7	7.3	11.5	16.0	9.9
P/CFO	5.3	3.4	2.9	-23.4	9.3	9.0	4.3
Total Yield	17.8%	6.1%	15.5%	15.6%	8.7%	7.9%	12.1%
Dividend Yield	5.6%	2.3%	0.7%	2.0%	0.0%	1.7%	1.8%
FCF Yield 3Y Avg	17.3%	29.6%	27.9%	13.4%	12.0%	14.5%	15.9%
D/E	0.1	0.2	0.2	0.2	0.2	0.1	0.2
Net D/E	-0.3	-1.1	-0.5	-0.6	-0.3	-0.8	-0.5

Returns

	ACGL	EG	RNR	AXS	MKL	WRB	Median
Name	Arch Cap.	Everest	Renaissa.	Axis Cap.	Markel	WR Berkl.
1M Rtn	1.4%	1.0%	3.0%	1.6%	5.2%	-10.0%	1.5%
3M Rtn	1.7%	-5.7%	9.9%	5.3%	10.9%	-6.0%	3.5%
6M Rtn	3.2%	-1.0%	11.2%	1.8%	12.4%	-4.6%	2.5%
12M Rtn	0.5%	-7.6%	1.8%	15.3%	24.8%	16.4%	8.6%
3Y Rtn	62.5%	7.9%	53.9%	101.0%	69.3%	54.9%	58.7%
1M Excs Rtn	2.6%	1.7%	2.4%	2.5%	3.9%	-9.2%	2.5%
3M Excs Rtn	1.2%	-6.3%	8.3%	5.5%	9.3%	-8.0%	3.4%
6M Excs Rtn	-11.1%	-15.2%	-3.0%	-12.4%	-1.9%	-18.8%	-11.7%
12M Excs Rtn	-12.6%	-20.7%	-11.6%	5.7%	10.4%	2.2%	-4.7%
3Y Excs Rtn	-9.4%	-69.0%	-21.2%	23.6%	-6.1%	-24.1%	-15.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	2/27/2025	2/23/2024	2/24/2023	2/25/2022	2/26/2021	2/28/2020
Key Financials
Total Revenue	19,048	16,930	13,294	9,657	8,924	8,292	6,782
Net Income	4,096	4,312	4,443	1,476	2,157	1,406	1,636
EPS	10.92	11.47	11.94	3.90	5.35	3.38	3.97
Growth Rates
Total Revenue Growth	17.5%	27.4%	37.7%	8.2%	7.6%	22.3%	23.9%
Net Income Growth	-28.3%	-2.9%	201.0%	-31.6%	53.5%	-14.1%	115.9%
Margins
Net Income Margin	21.5%	25.5%	33.4%	15.3%	24.2%	17.0%	24.1%
Cash & Debt
Total Cash	11,166	9,308	8,047	6,500	7,139	22,106	18,954
Total Debt	2,728	2,728	2,726	2,725	2,724	3,017	2,356
Net Debt / (Cash)	-8,438	-6,580	-5,321	-3,775	-4,415	-19,089	-16,598
Cash Flows
Net Cash from Operations	6,341	6,673	5,749	3,816	3,425	2,887	2,048
Free Cash from Operations	6,295	6,622	5,697	3,766	3,384	2,847	2,011
Returns to Shareholders
Dividends	1,873	1,906	40	40	47	42	42
Share Repurchases	1,113	24	2	586	1,684	83	3

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/5/2025	5/7/2025	2/27/2025	11/7/2024	8/6/2024	5/9/2024	2/23/2024	11/9/2023	8/2/2023	5/4/2023	2/24/2023
Key Financials Quarterly
Total Revenue	4,973	4,973	4,592	4,510	4,480	4,062	3,878	3,787	3,293	3,096	3,118	2,952
Net Income	1,350	1,237	574	935	988	1,269	1,120	2,334	723	671	715	859
EPS	3.63	3.30	1.51	2.48	2.62	3.38	2.99	6.29	1.93	1.79	1.92	2.32
Key Financials TTM
Total Revenue TTM	19,048	18,555	17,644	16,930	16,207	15,020	14,054	13,294	12,459	11,657	10,829	9,657
Net Income TTM	4,096	3,734	3,766	4,312	5,711	5,446	4,848	4,443	2,968	2,262	1,995	1,476
Growth Rates Quarterly
Total Revenue Growth	11.0%	22.4%	18.4%	19.1%	36.0%	31.2%	24.4%	28.3%	32.2%	36.5%	60.2%	31.2%
Net Income Growth	36.6%	-2.5%	-48.8%	-59.9%	36.7%	89.1%	56.6%	171.7%	4152.9%	66.1%	264.8%	37.8%
Margins Quarterly
Net Income Margin	27.1%	24.9%	12.5%	20.7%	22.1%	31.2%	28.9%	61.6%	22.0%	21.7%	22.9%	29.1%
Cash & Debt
Total Cash	11,166	10,313	10,034	9,308	10,305	9,100	8,844	8,047	7,646	7,535	7,075	6,500
Total Debt	2,728	2,728	2,728	2,728	2,727	2,727	2,727	2,726	2,726	2,726	2,726	2,725
Net Debt / (Cash)	-8,438	-7,585	-7,306	-6,580	-7,578	-6,373	-6,117	-5,321	-4,920	-4,809	-4,349	-3,775
Cash Flows Quarterly
FCF from Operations	2,186	1,124	1,458	1,573	2,018	1,518	1,564	1,665	1,970	1,151	963	982
Cash Flows TTM
FCF from Operations TTM	6,341	6,173	6,567	6,673	6,765	6,717	6,350	5,749	5,066	4,476	4,227	3,816
Returns to Shareholders Quarterly
Dividends	0	2	5	1,866	0	0	0	0	0	0	0	0
Share Repurchases	732	135	224	22	-6	-24	32	2	-0	-18	18	-3
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Price Behavior

Price Behavior

Market Price	$93.92
Market Cap ($ Bil)	34.7
First Trading Date	09/14/1995
Distance from 52W High	-3.1%
	50 Days	200 Days
DMA Price	$90.42	$91.03
DMA Trend	indeterminate	indeterminate
Distance from DMA	3.9%	3.2%
	3M	1YR
Volatility	19.6%	24.6%
Downside Capture	-22.04	30.79
Upside Capture	-9.18	27.19
Correlation (SPY)	-10.3%	35.5%

ACGL Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.12	-0.20	-0.12	-0.10	0.45	0.45
Up Beta	-0.35	-0.20	-0.07	-0.10	0.59	0.57
Down Beta	-0.96	-0.05	-0.24	-0.48	0.45	0.48
Up Capture	80%	-7%	2%	3%	16%	15%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	12	22	31	61	121	401
Down Capture	-39%	-42%	-19%	9%	45%	56%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	7	19	31	63	126	347

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of ACGL With Other Asset Classes (Last 1Y)
	ACGL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.1%	11.8%	13.8%	61.2%	3.6%	-3.9%	-7.4%
Annualized Volatility	24.6%	19.3%	19.7%	19.4%	15.9%	17.7%	35.6%
Sharpe Ratio	-0.13	0.45	0.54	2.34	0.04	-0.38	-0.05
Correlation With Other Assets		56.5%	35.4%	6.9%	7.5%	51.3%	4.6%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of ACGL With Other Asset Classes (Last 5Y)
	ACGL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	23.7%	15.6%	14.5%	18.1%	11.5%	4.4%	36.1%
Annualized Volatility	24.8%	18.9%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	0.85	0.69	0.69	0.94	0.50	0.15	0.63
Correlation With Other Assets		56.5%	39.6%	0.1%	8.3%	34.1%	13.2%

Based On 10-Year Data

		Comparison of ACGL With Other Asset Classes (Last 10Y)
	ACGL	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	14.9%	12.7%	14.4%	14.3%	5.8%	5.3%	73.6%
Annualized Volatility	27.3%	22.3%	18.0%	14.7%	17.7%	20.8%	55.9%
Sharpe Ratio	0.55	0.53	0.69	0.80	0.26	0.22	0.93
Correlation With Other Assets		67.5%	56.5%	-0.5%	17.7%	54.9%	9.9%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	6,152,016
Short Interest: % Change Since 11152025	8.3%
Average Daily Volume	1,670,265
Days-to-Cover Short Interest	3.68
Basic Shares Quantity	369,000,000
Short % of Basic Shares	1.7%

Returns Analyses

	Title
0	How Low Can Arch Capital Stock Really Go?
1	ACGL YTD Stock Return Of 53% Outperforms AIG by 43% and Outperforms HIG by 5.4%
2	ACGL YTD Stock Return Of 37% Outperforms PRU by 47% and Outperforms TRV by 20%
3	Arch Capital Stock Return Comparison
4	Arch Capital Total Shareholder Return (TSR): 41.2% in 2022 and 13.5% 3-yr returns (above peer average)
5	[9/28/2021] Arch Capital Group (ACGL) Stock Price Forecast: AI Forecasts ACGL Stock Price To Be Around $39 In A Month (Up 1.5%)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/27/2025	-1.4%	0.1%	8.9%
7/29/2025	-0.6%	2.9%	6.5%
4/29/2025	-1.9%	0.7%	2.0%
2/10/2025	-2.0%	-3.4%	-2.5%
10/30/2024	-6.3%	-3.3%	0.7%
7/30/2024	-2.5%	-1.6%	13.0%
4/29/2024	2.5%	6.5%	11.3%
2/14/2024	3.0%	1.1%	8.3%
...
SUMMARY STATS
# Positive	8	12	15
# Negative	15	11	8
Median Positive	2.4%	3.2%	8.3%
Median Negative	-2.2%	-1.8%	-3.2%
Max Positive	5.0%	6.5%	16.1%
Max Negative	-6.3%	-9.0%	-16.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8052025	10-Q 6/30/2025
3312025	5072025	10-Q 3/31/2025
12312024	2272025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8062024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8022023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2242023	10-K 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021

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0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Arch Capital (ACGL)

Market Price (12/14/2025): $93.86 | Market Cap: $34.6 BilSector: Financials | Industry: Property & Casualty Insurance

Arch Capital (ACGL)

Market Price (12/14/2025): $93.86Market Cap: $34.6 BilSector: FinancialsIndustry: Property & Casualty Insurance

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ACGL Stock

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Market Price (12/14/2025): $93.86 | Market Cap: $34.6 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Market Price (12/14/2025): $93.86
Market Cap: $34.6 Bil
Sector: Financials
Industry: Property & Casualty Insurance