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Arch Capital Group

ACGL Nasdaq Property & Casualty Insurance Financials FY2016–FY2025

Arch Capital Group's revenue rose 14.3% to $19.9 billion in fiscal 2025. Its net margin was 22.1%, down from 24.7% a year earlier. Free cash flow was $6.1 billion, down 7.5%. It paid out $1.9 billion in dividends and buybacks, 31% of free cash flow. The diluted share count fell 1.6%.

Last close · Oct 23, 2026

$101.69

1.0%
Value it Compare
Revenue Total sales reported in the income statement.
$19.9B
14.3% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$4.4B
2.0%
Free cash flow Cash from operations minus capital spending.
$6.1B
7.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$35.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
8.0x
On $12.78 EPS (TTM)

About these figures. Arch Capital's filings stop tagging its short-term investments after 2021, so cash and short-term investments are left blank.

What Arch Capital Group does

No business description yet.

Legal name
ARCH CAPITAL GROUP LTD.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000947484-26-000017
0000947484

Revenue and margins

Arch Capital Group had $19.9B of revenue in fiscal 2025, up 14.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 23.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $6.1B in fiscal 2025, 30.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Arch Capital Group returned $1.9B to shareholders in fiscal 2025, 31% of free cash flow. The diluted share count fell 1.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Arch Capital Group yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 375.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 8.0x · peers 11.4x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Arch Capital Group can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Debt incl. finance leases $2.7B$2.7B$2.7B$2.7B$2.7B
Debt / equity 0.2x0.2x0.2x0.1x0.1x
Interest coverage 18.0x12.9x27.8x34.2x35.9x
Total assets $45.1B$48.0B$58.9B$70.9B$79.2B
Total liabilities $31.5B$35.1B$40.6B$50.1B$55.0B
Shareholders' equity $13.5B$12.9B$18.4B$20.8B$24.2B
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.5M

1 insider

Sold, 12 months

$29.2M

6 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 18, 2026 Francois MorinCFO and Treasurer Sold 11,010 $99.32 $1.1M Form 4
Jun 3, 2026 Brian S PosnerDirector Sold 3,000 $19.66 $0.1M Form 4
May 11, 2026 Brian S PosnerDirector Sold 2,000 $17.14 $0.0M Form 4
Apr 30, 2026 Daniel Joseph HoustonDirector Bought 5,300 $94.09 $0.5M Form 4
Mar 11, 2026 Brian S PosnerDirector Sold 3,000 $17.12 $0.1M Form 4
Mar 10, 2026 David GansbergPresident, Arch Capital Group Sold 5,907 $96.37 $0.6M Form 4
Mar 10, 2026 Nicolas PapadopouloCEO, Director Sold 21,930 $96.31 $2.1M Form 4
Feb 11, 2026 Maamoun RajehPresident, Arch Capital Group Sold 47,430 $96.12 $4.6M Form 4
Dec 15, 2025 John M PasquesiDirector Sold 8,800 $94.17 $0.8M Form 4
Dec 12, 2025 John M PasquesiDirector Sold 203,866 $93.90 $19.1M Form 4
Nov 28, 2025 Francois MorinEVP and CFO Sold 8,000 $94.62 $0.8M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose — — —
Share count didn't rise ✕ ✕ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✕
F-score — / 9— / 9— / 9
Accruals ratio −2.4%−3.6%−2.4%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Arch Capital Group ACGL $35.5B 14.3% — 30.8% — 8.0x —
W. R. Berkley WRB $28.7B 7.8% — — — 15.1x — Compare →
Fidelity National Financial FNF $10.8B 5.6% — — — 14.0x — Compare →
Hartford HIG $37.8B 6.9% — 20.3% 22.6% 8.8x — Compare →
Cincinnati Financial CINF $27.4B 11.4% — 24.5% 17.1% 8.3x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $4.5B $5.6B $5.5B $6.9B $8.5B $9.2B $9.6B $13.6B $17.4B $19.9B
Interest expense $66.3M $117M $121M $121M $144M $139M $131M $133M $141M $148M
Pretax income $856M $757M $842M $1.8B $1.6B $2.4B $1.6B $3.6B $4.7B $5.2B
Income tax $31.4M $128M $114M $156M $112M $128M $80.0M −$873M $362M $760M
Net income $693M $619M $758M $1.6B $1.4B $2.2B $1.5B $4.4B $4.3B $4.4B
Diluted EPS $1.78 $1.36 $1.73 $3.87 $3.32 $5.23 $3.80 $11.62 $11.19 $11.60
Diluted shares 0.37B 0.42B 0.41B 0.41B 0.41B 0.40B 0.38B 0.38B 0.38B 0.38B
Cash flow
Cash from operations $1.4B $1.1B $1.6B $2.0B $2.9B $3.4B $3.8B $5.7B $6.7B $6.2B
Capital expenditure $15.3M $22.8M $29.8M $37.8M $39.9M $41.0M $50.0M $52.0M $51.0M $44.0M
Free cash flow $1.4B $1.1B $1.5B $2.0B $2.8B $3.4B $3.8B $5.7B $6.6B $6.1B
Stock-based compensation $56.6M $67.8M $55.8M $66.4M $71.3M $88.0M $88.0M $93.0M $133M $148M
Acquisitions $2.0B $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $852M $0.0M
Share buybacks $75.3M $0.0M $283M $2.9M $83.5M $1.2B $586M $0.0M $24.0M $1.9B
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $75.3M $0.0M $283M $2.9M $83.5M $1.2B $586M $0.0M $24.0M $1.9B
Balance sheet
Total debt $1.7B $1.7B $1.7B $1.9B $2.9B $2.7B $2.7B $2.7B $2.7B $2.7B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $29.4B $32.1B $32.2B $37.9B $43.3B $45.1B $48.0B $58.9B $70.9B $79.2B
Total liabilities $20.1B $21.8B $21.8B $25.6B $29.3B $31.5B $35.1B $40.6B $50.1B $55.0B
Shareholders' equity $8.3B $9.2B $9.4B $11.5B $13.1B $13.5B $12.9B $18.4B $20.8B $24.2B
Margins
Net margin 15.5% 11.0% 13.9% 23.6% 16.5% 23.3% 15.4% 32.6% 24.7% 22.1%
FCF margin 30.5% 19.1% 28.1% 29.0% 33.5% 36.6% 39.2% 41.8% 38.0% 30.8%
Returns
Return on equity 9.6% 7.1% 8.1% 15.6% 11.4% 16.2% 11.2% 28.4% 22.0% 19.5%
Return on assets 2.6% 2.0% 2.4% 4.7% 3.5% 4.9% 3.2% 8.3% 6.6% 5.9%
Growth
Revenue growth 13.4% 26.1% −3.1% 27.1% 22.9% 8.7% 4.0% 41.8% 27.9% 14.3%
Net income growth 28.8% −10.6% 22.4% 115.9% −14.1% 53.5% −31.6% 201.0% −3.0% 2.0%
EPS growth 30.6% −23.6% 27.2% 123.7% −14.2% 57.5% −27.3% 205.8% −3.7% 3.7%
FCF growth 38.7% −21.3% 42.7% 31.5% 41.6% 18.9% 11.3% 51.3% 16.2% −7.5%
Share count change −1.1% 11.7% −1.2% −0.3% −0.3% −2.4% −5.7% 0.3% 0.8% −1.6%
Financial health
Debt / equity 0.2x 0.2x 0.2x 0.2x 0.2x 0.2x 0.2x 0.2x 0.1x 0.1x
Interest coverage 13.9x 7.5x 8.0x 16.3x 12.0x 18.0x 12.9x 27.8x 34.2x 35.9x
Capital allocation
Capex / revenue 0.3% 0.4% 0.6% 0.6% 0.5% 0.4% 0.5% 0.4% 0.3% 0.2%
Stock comp / revenue 1.3% 1.2% 1.0% 1.0% 0.8% 1.0% 0.9% 0.7% 0.8% 0.7%
Payouts / FCF 5.5% 0.0% 18.5% 0.1% 2.9% 36.5% 15.6% 0.0% 0.4% 30.8%
Quality scores
Accruals ratio −2.6% −1.6% −2.5% −1.2% −3.7% −2.9% −5.0% −2.4% −3.6% −2.4%

Source: SEC EDGAR XBRL filings (CIK 0000947484). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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