ACGL on Nasdaq

Arch Capital Group

Logo: Arch Capital Group, PD, via Wikipedia⁵

Bermuda based insurance company

Arch Capital Group Ltd. (Arch Capital or ACGL) is a Bermuda exempted public company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written.³ From Wikipedia, CC BY-SA 4.0

$99.46 up 1.86 (1.91%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1995Founded¹

Compare with Everest Re, Markel Corporation or American International Group, or pick any stock.

TickerACGL on Nasdaq¹
Industryinsurance¹
HeadquartersHamilton¹
Websitewww.archcapgroup.com
Business addressWaterloo House, Ground Floor, 100 Pitts Bay Road, Pembroke, D0 Hm 08⁶
Filer categoryLarge accelerated filer⁶

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

22.1%Net margin⁸

14.3%Revenue growth, 2025⁸

18.2%Return on equity⁸

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsProfit

Other costs73¢$14.6B
Interest1¢$148.0M
Income tax4¢$760.0M
Profit22¢$4.4B

Out of $19.9B in revenue.⁸

Where each dollar of operating cash went, fiscal 2025

Share buybacksKept or used elsewhere

Share buybacks31¢$1.9B
Kept or used elsewhere69¢$4.3B

Out of $6.2B of cash from operations.⁸

Financial statements

Revenue⁹¹⁰¹¹¹²⁸$19.9B in 2025+188% since 2019

Net income⁹¹⁰¹¹¹²⁸$4.4B in 2025+169% since 2019

Every line of the income statement in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Net premiums earned	$17.1B	$15.1B	$12.4B
Net investment income	$1.6B	$1.5B	$1.0B
Net realized gains (losses)	$464.0M	$197.0M	-$165.0M
Other underwriting income	$217.0M	$26.0M	$31.0M
Equity in net income of investments accounted for using the equity method	$504.0M	$580.0M	$278.0M
Other income (loss)	$54.0M	$42.0M	$27.0M
Total revenues	$19.9B	$17.4B	$13.6B
Losses and loss adjustment expenses	$9.4B	$8.3B	$6.2B
Acquisition expenses	$3.2B	$2.7B	$2.3B
Other operating expenses	$1.8B	$1.5B	$1.3B
Corporate expenses	$132.0M	$200.0M	$102.0M
Amortization of intangible assets	$193.0M	$235.0M	$95.0M
Interest expense	$148.0M	$141.0M	$133.0M
Net foreign exchange losses (gains)	$128.0M	-$75.0M	$60.0M
Total expenses	$14.9B	$13.0B	$10.2B
Income before income taxes and income (loss) from operating affiliates	$5.0B	$4.5B	$3.4B
Current tax expense (benefit)	$586.0M	$397.0M	$288.0M
Deferred tax expense (benefit)	$174.0M	-$35.0M	-$1.2B
Income tax expense (benefit)	$760.0M	$362.0M	-$873.0M
Income (loss) from operating affiliates	$180.0M	$200.0M	$184.0M
Net income	$4.4B	$4.3B	$4.4B
Net (income) loss attributable to noncontrolling interests	$0	$0	$1.0M
Net income available to Arch	$4.4B	$4.3B	$4.4B
Preferred dividends	-$40.0M	-$40.0M	-$40.0M
Net income available to Arch common shareholders	$4.4B	$4.3B	$4.4B
Basic (per share)	$11.83	$11.47	$11.94
Diluted (per share)	$11.60	$11.19	$11.62
Basic (shares)	368.4M shares	372.5M shares	368.7M shares
Diluted (shares)	375.9M shares	381.8M shares	378.8M shares

Total assets⁹¹⁰¹¹¹²⁸$79.2B in 2025+109% since 2019

Total liabilities⁹¹⁰¹¹¹²⁸$55.0B in 2025+115% since 2019

Shareholders’ equity⁹¹⁰¹¹¹²⁸$24.2B in 2025+111% since 2019

Cash⁹¹⁰¹¹¹²⁸$993.0M in 2025+37% since 2019

Every line of the balance sheet in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Debt securities available for sale, at fair value	$35.1B	$29.8B
Equity securities, at fair value	$1.9B	$1.7B
Other investments (portion measured at fair value: $3,136 and $3,066)	$3.1B	$3.1B
Investments accounted for using the equity method	$6.5B	$6.0B
Total investments	$46.5B	$40.5B
Cash	$993.0M	$979.0M	$917.0M
Accrued investment income	$338.0M	$298.0M
Investment in operating affiliates	$1.3B	$1.2B
Premiums receivable (net of allowance for credit losses: $43 and $45)	$5.7B	$5.6B	$4.6B
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $17 and $17)	$9.5B	$8.3B	$7.1B
Contractholder receivables (net of allowance for credit losses: $7 and $5)	$2.3B	$2.2B	$1.8B
Ceded unearned premiums	$2.7B	$2.4B
Deferred acquisition costs	$1.7B	$1.7B
Receivable for securities sold	$180.0M	$50.0M
Goodwill and intangible assets	$1.2B	$1.4B	$731.0M
Other assets	$6.8B	$6.2B
Total assets	$79.2B	$70.9B	$58.9B
Reserve for losses and loss adjustment expenses	$33.5B	$29.4B	$22.8B
Unearned premiums	$10.1B	$10.2B
Reinsurance balances payable	$2.3B	$2.1B
Contractholder payables	$2.3B	$2.2B
Collateral held for insured obligations	$237.0M	$249.0M
Senior notes	$2.7B	$2.7B
Payable for securities purchased	$308.0M	$181.0M
Other liabilities	$3.5B	$3.0B
Total liabilities	$55.0B	$50.1B	$40.6B
Non-cumulative preferred shares	$830.0M	$830.0M
Common shares ($0.0011 par, shares issued: 599.8 and 595.6)	$1.0M	$1.0M
Additional paid-in capital	$2.7B	$2.5B
Retained earnings	$27.0B	$22.7B
Accumulated other comprehensive income (loss), net of deferred income tax	$5.0M	-$720.0M
Common shares held in treasury, at cost (shares: 240.8 and 219.2)	-$6.4B	-$4.5B
Total shareholders' equity	$24.2B	$20.8B	$18.4B
Total liabilities and shareholders' equity	$79.2B	$70.9B
Fixed maturities available for sale, at amortized cost	$35.0B	$30.4B
Allowance for credit losses on investments	$20.0M	$22.0M
Investments accounted for using the fair value option	$3.1B	$3.1B
Allowance for credit losses on premiums receivable	$43.0M	$45.0M	$34.0M
Allowance for credit losses on reinsurance recoverable	$17.0M	$17.0M	$21.0M
Allowance for credit loss on contractholder receivable	$7.0M	$5.0M	$3.0M
Common shares, par value per share	$0.00	$0.00
Common shares issued (shares)	599.8M shares	595.6M shares	591.9M shares
Common shares held in treasury (shares)	240.8M shares	219.2M shares	218.5M shares

Cash from operations⁹¹⁰¹¹¹²⁸$6.2B in 2025+201% since 2019

Share buybacks⁹¹⁰¹¹¹²⁸$1.9B in 2025+65696% since 2019

Every line of the cash flow in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income	$4.4B	$4.3B	$4.4B
Net realized (gains) losses	-$440.0M	-$185.0M	$182.0M
Equity in net (income) or loss of investments accounted for using the equity method and other income or loss	-$459.0M	-$488.0M	-$215.0M
Amortization of intangible assets	$193.0M	$235.0M	$95.0M
Share-based compensation	$148.0M	$133.0M	$93.0M
Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable	$2.4B	$3.3B	$2.1B
Unearned premiums, net of ceded unearned premiums	-$589.0M	$632.0M	$1.0B
Premiums receivable	$38.0M	-$818.0M	-$981.0M
Deferred acquisition costs	$86.0M	-$212.0M	-$235.0M
Reinsurance balances payable	$137.0M	$179.0M	$455.0M
Deferred income tax assets, net	$174.0M	-$35.0M	-$1.2B
Other items, net	$135.0M	-$359.0M	-$92.0M
Net cash provided by operating activities	$6.2B	$6.7B	$5.7B
Purchases of fixed maturity investments	-$36.5B	-$31.3B	-$18.1B
Purchases of equity securities	-$1.4B	-$1.4B	-$456.0M
Purchases of other investments	-$2.2B	-$3.5B	-$2.2B
Proceeds from sales of fixed maturity investments	$29.3B	$26.2B	$14.1B
Proceeds from sales of equity securities	$1.5B	$1.1B	$288.0M
Proceeds from sales, redemptions and maturities of other investments	$2.2B	$1.9B	$768.0M
Proceeds from redemptions and maturities of fixed maturity investments	$2.5B	$2.0B	$781.0M
Net settlements of derivative instruments	$310.0M	-$5.0M	$50.0M
Net (purchases) sales of short-term investments	$258.0M	-$269.0M	-$696.0M
Acquisitions, net of cash	$0	$852.0M	$0
Purchases of fixed assets	-$44.0M	-$51.0M	-$52.0M
Other	$106.0M	-$30.0M	-$23.0M
Net cash used for investing activities	-$4.0B	-$4.5B	-$5.5B
Purchases of common shares under share repurchase program	-$1.9B	-$24.0M	$0
Proceeds from common shares issued, net	$50.0M	$7.0M	-$2.0M
Third party investment in redeemable noncontrolling interests	$0	$0	-$22.0M
Common dividends paid	-$7.0M	-$1.9B	$0
Preferred dividends paid	-$40.0M	-$40.0M	-$40.0M
Other	-$4.0M	-$2.0M	-$5.0M
Net cash provided by (used for) financing activities	-$1.9B	-$1.9B	-$69.0M
Effects of exchange rate changes on foreign currency cash and restricted cash	$61.0M	-$25.0M	$13.0M
Increase (decrease) in cash and restricted cash	$307.0M	$262.0M	$225.0M
Income taxes paid (received)	$458.0M	$378.0M	$267.0M
Interest paid	$127.0M	$127.0M	$127.0M

Compare Arch Capital Group with another company

The story

The company was founded in May 2000 by Robert Clements and Peter A. Appel, with Appel as president and CEO. The company's predecessor entity, Risk Capital Holdings had previously sold substantially all of the reinsurance operations of Risk Capital Reinsurance Co., its wholly owned subsidiary, to Folksamerica Reinsurance Co., and the surviving vehicle was the entity used to form Arch Capital.

Following the event of September 11, 2001, Arch Capital launched an underwriting initiative to address the global demand for insurance and reinsurance capacity.

In October 2001, Paul Ingrey joined the company to oversee its reinsurance operations and in January 2002, Dinos Iordanou was hired to run the company's insurance business. In 2003, Iordanou succeeded Appel as Arch Capital's president and CEO, and, in 2018, Marc Grandisson, succeeded Iordanou and Arch Capital's current CEO, Nicolas Papadopoulo, succeeded Grandisson in 2024, upon his retirement.

Arch Capital entered the mortgage insurance business in 2015 with the formation of Arch Mortgage Guaranty and, in August 2016, it bought United Guaranty, AIG's mortgage insurance unit, for US$3.4 billion, making the company the world's largest mortgage insurer.

In 2022, Arch Capital was added to the Standard & Poor's (S&P) 500 Index, replacing Twitter (now X).

As of 2026, Arch employs nearly 8,000 people worldwide.

From Wikipedia’s article on Arch Capital Group, shared under CC BY-SA 4.0.⁷

Leadership

Who has led Arch Capital Group, and when. Pick a name to see everywhere that person has worked.

FounderPeter A. Appel¹

Former names

ARCH CAPITAL GROUP LTDMay 15, 2000 to Mar 10, 2005⁶
RISK CAPITAL HOLDINGS INCNov 7, 1996 to Mar 16, 2000⁶

Timeline

1995Founded Founded¹

Recent filings

Sep 14, 20263
Sep 14, 20263
Aug 20, 20264
Aug 18, 2026144
Aug 4, 202610-Q
Aug 4, 202613F-HR
Jul 28, 20268-K
Jul 20, 2026144
Jul 2, 2026144
Jun 26, 2026144
Jun 16, 20268-K
Jun 15, 20264
Jun 9, 20268-K
Jun 4, 2026424B2
Jun 4, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataArch Capital Group on Wikidata
2
SEC EDGARArch Capital Group filings on SEC EDGAR
3
WikipediaArch Capital Group on Wikipedia
4
Yahoo FinanceACGL quote
5
Wikimedia CommonsArch Capital Group logo by Arch Capital Group, PD
6
SEC EDGARArch Capital Group filings on SEC EDGAR
7
WikipediaArch Capital Group on Wikipedia (revision used)
8
SEC EDGARArch Capital Group 10-K for fiscal 2025
9
SEC EDGARArch Capital Group 10-K for fiscal 2019
10
SEC EDGARArch Capital Group 10-K for fiscal 2020
11
SEC EDGARArch Capital Group 10-K for fiscal 2021
12
SEC EDGARArch Capital Group 10-K for fiscal 2022
13
SEC EDGARArch Capital Group 10-Q for fiscal 2025
14
SEC EDGARArch Capital Group 10-Q for fiscal 2026
15
SEC EDGARArch Capital Group 10-Q for fiscal 2026