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Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia. The company operates through three segments: Insurance, Reinsurance, and Mortgage. The Insurance segment offers commercial automobile; commercial multiperil; financial and professional line liability; admitted, excess, and surplus casualty lines; property and short-tail specialty; workers compensation; and casualty insurance. Its Reinsurance segment provides reinsurance products for casualty; marine and aviation; property catastrophe; property excluding property catastrophe; and other specialty products. The Mortgage segment offers U.S. primary mortgage insurance business written predominantly on loans sold to the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation; reinsurance and underwriting services related to the U.S. credit-risk transfer business and other U.S. mortgage reinsurance transactions; and international mortgage insurance and reinsurance business covering loans. It markets its products through a group of licensed independent retail and wholesale brokers. The company was formerly known as Risk Capital Holdings, Inc. Arch Capital Group Ltd. was founded in 1995 and is headquartered in Pembroke, Bermuda.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $19.3B | - | $4.4B | $6.1B | 18.8% | 14.0% | 2.0% |
| 2024 | $16.9B | - | $4.3B | $6.6B | 21.6% | 27.3% | -2.9% |
| 2023 | $13.3B | - | $4.4B | $5.7B | 25.4% | 38.3% | 201.0% |
| 2022 | $9.6B | - | $1.5B | $3.8B | 12.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 9,613 | 13,297 | 16,930 | 19,294 |
| Operating Revenue | - | 9,613 | 13,297 | 16,930 | 19,294 |
| Selling General And Administration | 78 | 95 | 102 | - | - |
| Total Expenses | 6,820 | 8,126 | - | - | - |
| EBIT | - | 1,618 | 3,518 | 4,615 | 5,127 |
| Interest Expense | - | 131 | 133 | 141 | 148 |
| Net Interest Income | - | -131 | -133 | -141 | -148 |
| Other Income Expense | - | -14 | 58 | 68 | 271 |
| Interest Expense Non Operating | - | 131 | 133 | 141 | 148 |
| Net Non Operating Interest Income Expense | - | -131 | -133 | -141 | -148 |
| Pretax Income | - | 1,487 | 3,385 | 4,474 | 4,979 |
| Tax Provision | - | 80 | -873 | 362 | 760 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1,482 | 4,442 | 4,312 | 4,399 |
| Net Income From Continuing And Discontinued Operation | - | 1,476 | 4,443 | 4,312 | 4,399 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,476 | 4,443 | 4,312 | 4,399 |
| Net Income | - | 1,476 | 4,443 | 4,312 | 4,399 |
| Net Income Common Stockholders | - | 1,436 | 4,403 | 4,272 | 4,359 |
| Net Income Including Noncontrolling Interests | - | 1,482 | 4,442 | 4,312 | 4,399 |
| Normalized Income | - | 1,476 | 4,443 | 4,312 | 4,399 |
| Diluted NI Availto Com Stockholders | - | 1,436 | 4,403 | 4,272 | 4,359 |
| Basic Average Shares | - | 368.61 | 368.70 | 372.50 | 368.40 |
| Diluted Average Shares | - | 377.61 | 378.80 | 381.80 | 375.90 |
| Reconciled Depreciation | - | 106 | 95 | 235 | 193 |
| Preferred Stock Dividends | - | 40 | 40 | 40 | 40 |
| Minority Interests | - | -6 | 1 | 0 | 0 |
| Earnings From Equity Interest Net Of Tax | - | 75 | 184 | 200 | 180 |
| Depreciation And Amortization In Income Statement | - | 106 | 95 | 235 | 193 |
| General And Administrative Expense | 78 | 95 | 102 | - | - |
| Other Gand A | 78 | 95 | 102 | - | - |
| Other Operating Expenses | - | 1,236 | 1,404 | 1,667 | 1,955 |
| Otherunder Preferred Stock Dividend | 15 | - | - | - | - |
| Amortization | - | 106 | 95 | 235 | 193 |
| Loss Adjustment Expense | - | 5,028 | 6,246 | 8,342 | 9,370 |
| Net Policyholder Benefits And Claims | - | 5,028 | 6,246 | 8,342 | 9,370 |
| Policyholder Benefits Gross | - | 7,549 | 8,714 | 11,813 | 13,235 |
| Policyholder Benefits Ceded | - | 2,521 | 2,468 | 3,471 | 3,865 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd.this co. | ACGL | $30.9B | 7.02↓ discount | 1.32 | 18.8% | - |
| Prudential Financial, Inc. | PRU | $35.9B | 10.15 | 1.11 | 10.9% | - |
| The Hartford Insurance Group, Inc. | HIG | $34.9B | 9.15 | 1.84 | 20.1% | - |
| Huntington Bancshares Incorporated | HBAN | $33.5B | 15.16 | 1.55 | 10.2% | - |
| M&T Bank Corporation | MTB |
| - |
| - |
| - |
| - |
| - |
| $32.5B |
| 11.39 |
| 1.23 |
| 10.8% |
| - |
| Northern Trust Corporation | NTRS | $32.0B | 18.44 | 2.65 | 14.4% | - |
| Cboe Global Markets, Inc. | CBOE | $29.9B | 27.21 | 5.83 | 21.4% | 16.83 |
| Raymond James Financial, Inc. | RJF | $29.3B | 13.74 | 2.36 | 17.2% | - |
| Citizens Financial Group, Inc. | CFG | $27.0B | 14.76 | 1.12 | 7.6% | - |
| Peer Median | - | 14.25 | 1.69 | 12.6% | 16.83 | |