ARCH CAPITAL GROUP (ACGL) Company Report

AM Best upgraded Arch Capital Group Ltd.’s Long-Term Issuer Credit Rating to a (Excellent) from a- and affirmed its Financial Strength Rating at A+ (Superior), revising outlooks to stable from positive.
Arch Reinsurance Ltd. and its affiliates saw Long-Term ICRs raised to aa (Superior) from aa-, with FSRs affirmed at A+ and outlooks set to stable.
Arch Capital Group Ltd.’s debt ratings improved, including $300 million 7.35% senior unsecured notes due 2034 to a, and preferred shares Series E & F to bbb+.
Arch Capital Group (US) Inc.’s $500 million 5.144% senior unsecured notes due 2043 and Arch Capital Finance LLC’s $500 million 4.011% notes due 2026 & $450 million 5.031% notes due 2046 were each upgraded to a (Excellent).

12 hours ago

Press Release

Arch Capital extends $700 M letter of credit facility

ACGL

Debt Issuance

Arch Reinsurance Ltd., a wholly-owned subsidiary of Arch Capital Group Ltd., entered into Amendment No. 5 to its Letter of Credit Facility Agreement with Lloyds Bank Corporate Markets plc on October 29, 2025.
The amendment extends Letters of Credit for the 2026 underwriting year and pushes the facility’s availability period to May 31, 2026 from May 31, 2025.
The total facility commitment remains at $700 million for letters of credit.
The amendment also records the name change of Apollo No. 14 Limited to Portico Corporate Member Ltd., effective November 5, 2024.

Nov 3, 2025, 9:07 PM

8-K

Arch Capital reports Q3 2025 results

ACGL

Earnings

Share Buyback

Arch Capital delivered record Q3 after-tax operating income of $1.0 billion and net income of $1.3 billion, up 37% y/y; after-tax operating EPS was $2.77 (18.5% annualized operating ROE), with YTD book value per share growth of 17.3%; consolidated combined ratio was 79.8% for the quarter and 83.6% for the first nine months.
The property & casualty insurance segment posted underwriting income of $129 million on net premium returns of nearly $2 billion, with a combined ratio of 93.4% (91.3% ex-cap); net premiums written grew 7.3% y/y.
The reinsurance segment achieved a record underwriting income of $482 million with a 76.1% combined ratio on $1.7 billion of net premium returns (down ~11% y/y); the mortgage segment generated $260 million of underwriting income and remains on pace for ~$1 billion in FY 2025.
Investable assets grew to $46.7 billion, delivering a record quarterly net investment income of $408 million; the firm repurchased $732 million of shares in Q3 (and $250 million so far in October), totaling 15.1 million shares ytd (4% of start-year shares).

Oct 28, 2025, 2:00 PM

Transcript

Arch Capital reports Q3 2025 results

ACGL

Earnings

TTM net investment income plus equity method investments totaled $10,377 M for Insurance, $11,146 M for Reinsurance, and $1,310 M for Mortgage through 9/30/25.
Total shareholders’ equity was $23.719 B, with $22.451 B of tangible equity as of 9/30/25.
Peak Zone 1:250 PML stood at $1,894 M, or 8.4% of tangible shareholders’ equity as of 10/1/25.
Book value per common share reached $62.32 as of September 2025.

Oct 28, 2025, 2:00 PM

Presentation

Arch Capital reports Q3 2025 earnings

ACGL

Earnings

Share Buyback

Arch delivered record Q3 results with over $1 billion of after-tax operating income and $1.3 billion of net income (both +37% YoY), $2.77 operating EPS, 18.5% annualized operating ROE, 9-month combined ratio 83.6% (Q3 79.8%) and YTD book value +17.3%
Property & casualty insurance generated $129 million of underwriting income (up 8% YoY) on nearly $2 billion of net premiums, with a 93.4% combined ratio (91.3% ex-cap)
Reinsurance achieved a record $482 million of underwriting income, a 76.1% combined ratio, and $1.7 billion of net premium returns (–11% YoY)
Mortgage insurance produced $260 million of underwriting income in Q3 and remains on pace for ~$1 billion for the full year
Investable assets grew to $46.7 billion with record $408 million of net investment income; repurchased $732 million of shares in Q3 and 15.1 million shares YTD (4% of float)

Oct 28, 2025, 2:00 PM

Transcript

Arch Capital posts record Q3 2025 earnings

ACGL

Earnings

Share Buyback

Record quarterly results: after-tax operating income and net income both rose 37% YoY, operating EPS was $2.77, annualized operating ROE was 18.5%, combined ratio was 79.8%, and YTD book value per share grew 17.3%.
Continued capital return: repurchased $732 million of shares in Q3, favoring buybacks over a special dividend given strong earnings and share valuation.
Strong segment results:
• Insurance underwriting income of $129 million with a 93.4% combined ratio; net premium returns grew 17% in liability and 15% in property YoY.
• Reinsurance underwriting income of $482 million with a 76.1% combined ratio; net premiums down ~11% YoY.
• Mortgage underwriting income of $260 million, on pace for ~$1 billion annually; U.S. MI delinquency rate at 2.04%.
Robust balance sheet and investments: investable assets of $46.7 billion, record quarterly net investment income of $408 million, and maintained an AA- rating to support growth and shareholder returns.

Oct 28, 2025, 2:00 PM

Transcript

Arch Capital Group reports Q3 2025 results

ACGL

Earnings

Share Buyback

Net income available to Arch common shareholders of $1.34 billion ($3.56 per share), representing a 23.8% annualized net income return on average common equity (vs. $1.0 billion, $2.56/share in Q3 2024).
After-tax operating income of $1.0 billion ($2.77 per share), with an 18.5% annualized operating return on average common equity (vs. $762 million, $1.99/share).
Combined ratio excluding catastrophic activity and prior-year development of 80.5% (up 2.2 points year-over-year), with net premiums earned up 7.9% to $4.285 billion.
Share repurchases of approximately $732 million during the quarter; book value per common share increased 5.3% quarter-over-quarter to $62.32.

Oct 27, 2025, 8:06 PM

8-K

Arch Capital Group reports Q3 2025 results

ACGL

Earnings

Share Buyback

Net income available to common shareholders of $1.34 billion, $3.56 per share, yielding a 23.8% annualized net income ROE (vs. $978 million, $2.56, 19.0% in Q3 2024).
After-tax operating income of $1.04 billion, $2.77 per share, representing an 18.5% annualized operating ROE (vs. $762 million, $1.99 in Q3 2024).
Underwriting income of $871 million (up 61.9% YoY) on $5.41 billion of gross premiums written; combined ratio of 79.8% and 80.5% excluding catastrophes and prior-year development (vs. 78.3% prior year).
Capital actions included $732 million of share repurchases and book value per share increased 5.3% QoQ to $62.32.

Oct 27, 2025, 8:05 PM

Press Release

Arch Capital Group details strategy and market outlook at BofA Financial Services Conference

ACGL

M&A

Arch highlighted a 15.5% compounded book value per share CAGR since 2001, growing to $23 billion in equity and a $45 billion investment portfolio, while returning $8 billion to shareholders since 2007.
The firm’s core principles are cycle management, diversification across specialty insurance, reinsurance and mortgage insurance, and disciplined capital allocation guided by a long‐term compensation structure that aligns underwriters’ incentives with shareholder returns.
In property catastrophe, pricing peaked in 2023 and has since declined by double digits, but Arch maintains it remains attractive, using an “S-curve” approach to adjust deployed capital and managing Florida peak zones carefully.
Recent acquisitions include 2020’s plurarity stake in Coface and 2023’s purchase of MidCorp, which provides a property-led mid-market package franchise and a specialty entertainment (Hollywood production) line, accelerating Arch’s growth in those segments.

Sep 16, 2025, 10:00 AM

Transcript

Arch Capital Group Declares Dividends and Reports Shareholder Voting Results

ACGL

Proxy Vote Outcomes

Dividends

Shareholder meeting results: On May 7, 2025, the company held its annual meeting where key votes were taken on director elections, advisory votes on executive compensation, auditor ratification, and a shareholder proposal on diversity efforts.
Dividend declarations: The Board declared dividends for both Series F and Series G preferred shares, with payments scheduled for June 30, 2025, and September 30, 2025, at rates of $0.340625 and $0.284375 per share respectively.
Filing details: The 8-K filing includes standard updates and exhibits, providing essential financial and corporate announcement information.

May 8, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for ARCH CAPITAL GROUP.

Q3 2025

Oct 28, 2025

→

Q2 2025

Jul 30, 2025

→

Q1 2025

Apr 30, 2025

→

View All Transcripts

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Nicolas Papadopoulo say about margins?What are ARCH CAPITAL GROUP's strategic priorities?How is ARCH CAPITAL GROUP positioned vs competitors?How did ARCH CAPITAL GROUP do last quarter?

ARCH CAPITAL GROUP (ACGL)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

Nicolas Papadopoulo

Chris Hovey

Christine Todd

David E. Gansberg

François Morin

Jay Rajendra

Jennifer Centrone

Louis T. Petrillo

Maamoun Rajeh

Board Members

Alexander Moczarski

Brian S. Posner

Daniel J. Houston

Eileen Mallesch

Francis Ebong

John D. Vollaro

John L. Bunce, Jr.

John M. Pasquesi

Laurie S. Goodman

Moira Kilcoyne

Neal Triplett

Analyst Coverage

Andrew Kligerman

David Motemaden

Elyse Greenspan

Meyer Shields

Andrew Andersen

Brian Meredith

Cave Montazeri

Michael Zaremski

Alex Scott

Josh Shanker

Wesley Carmichael

Jamminder Bhullar

Joshua Shanker

Mike Zaremski

Rob Cox

Ryan Tunis

Taylor Scott

Tracy Benguigui

Andrew E. Andersen

Jimmy Bhullar

Yaron Kinar

Latest news

Earnings Transcripts

Q3 2025

Q2 2025

Q1 2025

Ask Fintool AI Agent