Tearsheet

Arch Capital (ACGL)


Market Price (2/2/2026): $96.82 | Market Cap: $35.7 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Arch Capital (ACGL)


Market Price (2/2/2026): $96.82
Market Cap: $35.7 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 17%, Dividend Yield is 5.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 13%, FCF Yield is 18%
Trading close to highs
Dist 52W High is -0.4%
Key risks
ACGL key risks include [1] increased defaults in its mortgage insurance segment from economic stress and [2] slowing premium growth from cooling demand in its key mortgage and reinsurance markets.
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 -24%
Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -15%
 
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 24%
  
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 17%, Dividend Yield is 5.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 13%, FCF Yield is 18%
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 -24%
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 24%
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 -0.4%
6 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -15%
7 Key risks
ACGL key risks include [1] increased defaults in its mortgage insurance segment from economic stress and [2] slowing premium growth from cooling demand in its key mortgage and reinsurance markets.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Arch Capital (ACGL) stock has gained about 10% since 10/31/2025 because of the following key factors:

1. Strong Third Quarter 2025 Earnings Beat. Arch Capital Group reported robust financial results for its third quarter of 2025 on October 27, 2025. The company announced an Earnings Per Share (EPS) of $2.77, substantially surpassing the consensus analyst estimate of $1.76. Quarterly revenue also exceeded expectations, reaching $5.11 billion against an anticipated $4.39 billion. This significant outperformance provided strong positive momentum for the stock at the onset of the analyzed period.

2. Positive Analyst Sentiment and Price Target Upsides. Analysts covering Arch Capital maintain a generally optimistic perspective, with a consensus "Buy" rating on the stock. The average price targets set by these analysts imply a considerable upside potential from the stock's trading levels during this period. This favorable outlook contributed to investor confidence.

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Stock Movement Drivers

Fundamental Drivers

The 12.2% change in ACGL stock from 10/31/2025 to 2/2/2026 was primarily driven by a 6.9% change in the company's Net Income Margin (%).
(LTM values as of)103120252022026Change
Stock Price ($)86.3196.8212.2%
Change Contribution By: 
Total Revenues ($ Mil)18,55519,0482.7%
Net Income Margin (%)20.1%21.5%6.9%
P/E Multiple8.68.71.4%
Shares Outstanding (Mil)3723690.9%
Cumulative Contribution12.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/2/2026
ReturnCorrelation
ACGL12.0% 
Market (SPY)2.0%-12.1%
Sector (XLF)3.2%32.1%

Fundamental Drivers

The 12.5% change in ACGL stock from 7/31/2025 to 2/2/2026 was primarily driven by a 8.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120252022026Change
Stock Price ($)86.0696.8212.5%
Change Contribution By: 
Total Revenues ($ Mil)17,64419,0488.0%
Net Income Margin (%)21.3%21.5%0.7%
P/E Multiple8.58.72.4%
Shares Outstanding (Mil)3733691.1%
Cumulative Contribution12.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/2/2026
ReturnCorrelation
ACGL12.4% 
Market (SPY)10.3%-12.5%
Sector (XLF)3.5%23.4%

Fundamental Drivers

The 4.0% change in ACGL stock from 1/31/2025 to 2/2/2026 was primarily driven by a 43.4% change in the company's P/E Multiple.
(LTM values as of)13120252022026Change
Stock Price ($)93.0796.824.0%
Change Contribution By: 
Total Revenues ($ Mil)16,20719,04817.5%
Net Income Margin (%)35.2%21.5%-39.0%
P/E Multiple6.18.743.4%
Shares Outstanding (Mil)3733691.1%
Cumulative Contribution4.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/2/2026
ReturnCorrelation
ACGL3.9% 
Market (SPY)16.6%34.8%
Sector (XLF)6.1%53.2%

Fundamental Drivers

The 58.2% change in ACGL stock from 1/31/2023 to 2/2/2026 was primarily driven by a 112.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120232022026Change
Stock Price ($)61.1996.8258.2%
Change Contribution By: 
Total Revenues ($ Mil)8,95419,048112.7%
Net Income Margin (%)13.9%21.5%55.2%
P/E Multiple18.08.7-51.6%
Shares Outstanding (Mil)365369-1.0%
Cumulative Contribution58.2%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 2/2/2026
ReturnCorrelation
ACGL58.0% 
Market (SPY)77.5%28.5%
Sector (XLF)54.5%49.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ACGL Return23%41%18%31%4%0%180%
Peers Return16%15%6%29%16%-3%107%
S&P 500 Return27%-19%24%23%16%1%85%

Monthly Win Rates [3]
ACGL Win Rate67%67%58%58%50%50% 
Peers Win Rate57%55%55%57%65%10% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
ACGL Max Drawdown-13%-6%-2%0%-8%-5% 
Peers Max Drawdown-11%-12%-8%-1%-7%-6% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[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] 2026 data is for the year up to 2/2/2026 (YTD)

How Low Can It Go

Unique KeyEventACGLS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-18.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven22.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven87 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-53.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven116.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven636 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-27.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven37.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven130 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-43.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven78.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven541 days1,480 days

Compare to EG, RNR, AXS, MKL, WRB

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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

The key risks to Arch Capital (ACGL) are primarily centered around the inherent volatility of the insurance and reinsurance industries, global economic factors, and competitive pressures.

  1. Catastrophic Losses: Arch Capital faces significant and unpredictable risks from catastrophic events, including natural disasters such as wildfires and hurricanes. These events can lead to substantial claims payouts, eroding underwriting profits and negatively impacting the company's combined ratio. For example, recent California wildfires had an estimated impact of $450-$550 million, and catastrophic losses from events like these and hurricanes have contributed to pre-tax losses.
  2. Economic Downturn and Interest Rate Fluctuations: An economic downturn presents challenges such as decreased demand for insurance products, leading to reduced premium volume and slower growth. Additionally, a recessionary environment often correlates with lower interest rates, which can negatively affect Arch Capital's investment income. Economic stress could also increase defaults in the mortgage market, impacting the performance of its Mortgage Insurance segment.
  3. Increased Competition and Slower Premium Growth: The property and casualty (P&C) insurance industry is highly competitive. Intense competition can lead to pressure on pricing and reduced premium volume. Recent results have shown softer written premium growth and cooling demand in the mortgage and reinsurance markets, which could challenge the company's top-line momentum and profitability despite its strong underwriting discipline.

AI Analysis | Feedback

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 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.

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Unique Key

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Peer Comparisons

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Financials

ACGLEGRNRAXSMKLWRBMedian
NameArch Cap.Everest Renaissa.Axis Cap.Markel WR Berkl. 
Mkt Price96.82331.77284.48103.842,034.6667.79194.16
Mkt Cap35.713.713.08.125.626.919.6
Rev LTM19,04817,50912,1036,28616,14614,64515,395
Op Inc LTM-------
FCF LTM6,2954,2463,989-3162,3753,3303,659
FCF 3Y Avg6,0084,6643,3407702,5353,2543,297
CFO LTM6,3414,2463,989-3162,5933,3983,693
CFO 3Y Avg6,0574,6643,3407702,7703,3303,335

Growth & Margins

ACGLEGRNRAXSMKLWRBMedian
NameArch Cap.Everest Renaissa.Axis Cap.Markel WR Berkl. 
Rev Chg LTM17.5%8.7%-3.9%7.5%-6.6%11.3%8.1%
Rev Chg 3Y Avg28.9%14.2%44.8%5.7%13.2%10.6%13.7%
Rev Chg Q11.0%-0.1%-19.7%11.4%-2.5%12.0%5.4%
QoQ Delta Rev Chg LTM2.7%-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 LTM33.3%24.3%33.0%-5.0%16.1%23.2%23.7%
CFO/Rev 3Y Avg38.6%29.6%30.3%13.6%17.1%25.2%27.4%
FCF/Rev LTM33.0%24.3%33.0%-5.0%14.7%22.7%23.5%
FCF/Rev 3Y Avg38.2%29.6%30.3%13.6%15.7%24.7%27.1%

Valuation

ACGLEGRNRAXSMKLWRBMedian
NameArch Cap.Everest Renaissa.Axis Cap.Markel WR Berkl. 
Mkt Cap35.713.713.08.125.626.919.6
P/S1.90.81.11.31.61.81.4
P/EBIT7.618.74.76.68.710.58.2
P/E8.724.97.58.012.314.110.5
P/CFO5.63.23.3-25.59.97.94.5
Total Yield16.7%6.5%13.9%14.4%8.1%9.0%11.4%
Dividend Yield5.2%2.5%0.6%1.8%0.0%1.9%1.8%
FCF Yield 3Y Avg18.5%31.3%27.8%12.8%11.4%14.1%16.3%
D/E0.10.30.20.20.20.10.2
Net D/E-0.2-1.2-0.4-0.5-0.3-0.9-0.5

Returns

ACGLEGRNRAXSMKLWRBMedian
NameArch Cap.Everest Renaissa.Axis Cap.Markel WR Berkl. 
1M Rtn3.2%-0.8%4.5%-0.4%-4.5%-2.3%-0.6%
3M Rtn12.6%6.5%11.3%10.5%4.1%-4.1%8.5%
6M Rtn9.4%3.0%18.9%11.3%4.5%-2.2%7.0%
12M Rtn4.0%-2.2%23.1%16.1%11.3%18.3%13.7%
3Y Rtn66.2%3.1%40.9%85.4%52.3%64.5%58.4%
1M Excs Rtn-1.0%-4.1%-0.7%-4.9%-7.3%-5.2%-4.5%
3M Excs Rtn9.5%5.7%9.7%9.3%2.7%-6.0%7.5%
6M Excs Rtn-1.8%-10.5%6.2%0.4%-6.4%-12.3%-4.1%
12M Excs Rtn-12.6%-18.4%5.2%-1.0%-3.8%2.5%-2.4%
3Y Excs Rtn-14.6%-73.0%-24.2%4.3%-27.1%-17.6%-20.9%

Comparison Analyses

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Financials

Price Behavior

Price Behavior
Market Price$96.71 
Market Cap ($ Bil)35.7 
First Trading Date09/14/1995 
Distance from 52W High-0.4% 
   50 Days200 Days
DMA Price$93.89$91.38
DMA Trendindeterminateup
Distance from DMA3.0%5.8%
 3M1YR
Volatility15.7%23.9%
Downside Capture-52.2623.25
Upside Capture20.6523.41
Correlation (SPY)-12.5%34.8%
ACGL Betas & Captures as of 1/31/2026

 1M2M3M6M1Y3Y
Beta-0.47-0.26-0.18-0.170.430.45
Up Beta1.381.030.26-0.040.600.60
Down Beta-0.46-0.21-0.35-0.230.460.50
Up Capture-75%-31%14%-1%14%13%
Bmk +ve Days11223471142430
Stock +ve Days12223464125401
Down Capture-117%-85%-59%-41%31%51%
Bmk -ve Days9192754109321
Stock -ve Days8192761125349

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACGL
ACGL1.1%23.9%-0.01-
Sector ETF (XLF)5.5%19.1%0.1553.7%
Equity (SPY)16.0%19.2%0.6435.1%
Gold (GLD)66.9%23.7%2.116.0%
Commodities (DBC)7.0%16.3%0.2310.0%
Real Estate (VNQ)2.9%16.5%-0.0045.9%
Bitcoin (BTCUSD)-19.7%39.9%-0.463.0%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACGL
ACGL25.1%24.5%0.90-
Sector ETF (XLF)14.5%18.8%0.6355.8%
Equity (SPY)14.1%17.1%0.6639.2%
Gold (GLD)19.9%16.6%0.970.4%
Commodities (DBC)11.4%18.9%0.497.7%
Real Estate (VNQ)4.5%18.8%0.1533.6%
Bitcoin (BTCUSD)20.9%57.6%0.5611.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ACGL
ACGL16.4%27.4%0.59-
Sector ETF (XLF)14.4%22.2%0.6067.6%
Equity (SPY)15.9%17.9%0.7656.4%
Gold (GLD)15.0%15.3%0.81-0.4%
Commodities (DBC)8.3%17.6%0.3917.6%
Real Estate (VNQ)5.8%20.8%0.2554.7%
Bitcoin (BTCUSD)71.1%66.4%1.109.5%

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Short Interest

Short Interest: As Of Date1152026
Short Interest: Shares Quantity5.8 Mil
Short Interest: % Change Since 12312025-2.0%
Average Daily Volume2.0 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity369.0 Mil
Short % of Basic Shares1.6%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D 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%
4/29/20242.5%6.5%11.3%
2/14/20243.0%1.1%8.3%
...
SUMMARY STATS   
# Positive81215
# Negative15118
Median Positive2.4%3.2%8.3%
Median Negative-2.2%-1.8%-3.2%
Max Positive5.0%6.5%16.1%
Max Negative-6.3%-9.0%-16.5%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/06/202510-Q
06/30/202508/05/202510-Q
03/31/202505/07/202510-Q
12/31/202402/27/202510-K
09/30/202411/07/202410-Q
06/30/202408/06/202410-Q
03/31/202405/09/202410-Q
12/31/202302/23/202410-K
09/30/202311/09/202310-Q
06/30/202308/02/202310-Q
03/31/202305/04/202310-Q
12/31/202202/24/202310-K
09/30/202211/03/202210-Q
06/30/202208/03/202210-Q
03/31/202205/04/202210-Q
12/31/202102/25/202210-K

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Pasquesi, John MTrustSell1216202593.90203,86619,142,04732,990,656Form
2Pasquesi, John MTrustSell1216202594.178,800828,68427,267,083Form
3Morin, FrancoisEVP AND CFODirectSell1202202594.628,000756,99625,234,556Form
4Rajeh, MaamounPRESIDENT, ARCH CAPITAL GROUPDirectSell825202594.1510,000941,46440,820,843Form
5Posner, Brian SDirectBuy804202517.341,00017,33886,690Form