Arch Capital Group
Underwrites specialty insurance, reinsurance, and mortgage insurance across global markets.
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Profile
Earns premiums by underwriting specialty property-and-casualty insurance, treaty and facultative reinsurance, and mortgage insurance and reinsurance. Distinct Insurance, Reinsurance, and Mortgage segments span North America and international markets, with results shaped by pricing cycles, catastrophe losses, reserve estimates, and U.S. housing credit.
Underwrites specialty property-and-casualty coverage through Insurance, spanning commercial property, casualty, professional lines, workers’ compensation, travel, and other specialized risks. North America supplies most insurance premiums, while international units operate across the U.K., Europe, Canada, Australia, and Lloyd’s; the platform now includes the acquired U.S. middle-market and entertainment portfolio.
Takes treaty and facultative risk through Reinsurance across property, casualty, specialty, property catastrophe, marine, and aviation lines. Mortgage provides U.S. primary mortgage insurance, international mortgage cover, mortgage reinsurance, and credit-risk sharing with government-sponsored enterprises.
Uses centralized underwriting and cycle management to adjust business mix as pricing changes. Results depend on risk selection, loss reserving, catastrophe severity, reinsurance availability, and mortgage defaults; U.S. mortgage insurers must also satisfy state capital rules and GSE eligibility standards.
Company facts
Categories
Key statistics
Year to date +5.3% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $102 | $110 |
| Jul 30, 2026 | RBC Capital | Reiterate | Outperform | $108 | $120 |
| Jul 15, 2026 | Atlantic Equities | Target | $126 | ||
| Jul 9, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $100 | $102 |
| Jul 9, 2026 | Mizuho Securities | Target | $102 | $104 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $2.47 | $2.56 | +3.6% | $4.36B | $4.05B | −7.1% | −1.81% |
| Apr 28, 2026Q1 FY26 | $2.48 | $2.50 | +0.8% | $4.55B | $4.35B | −4.5% | −4.47% |
| Feb 9, 2026Q4 FY25 | $2.59 | $2.98 | +15.1% | $4.19B | $3.65B | −13.0% | +1.86% |
| Oct 27, 2025Q3 FY25 | $2.26 | $2.77 | +22.6% | $4.52B | $4.98B | +10.0% | −1.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.59B | $4.97B | $4.98B | $5.39B | $4.36B | $4.47B | |
| Gross profit | $1.24B | $1.85B | $1.99B | $2.33B | $2.27B | $2.28B | |
| Operating income | $678.0M | $1.41B | $1.50B | $1.39B | $1.15B | $1.22B | |
| Net income | $574.0M | $1.24B | $1.35B | $1.24B | $1.05B | $1.06B | |
| Diluted EPS | $1.48 | $3.23 | $3.56 | $3.35 | $2.88 | $3.00 | |
| Gross margin | 27.0% | 37.1% | 40.0% | 43.2% | 52.1% | 50.9% | |
| Operating margin | 14.8% | 28.4% | 30.2% | 25.7% | 26.3% | 27.3% |
Fiscal years (4-quarter sums)FY21 $8.93B · FY22 $9.66B · FY23 $13.29B · FY24 $17.44B · FY25 $19.93B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $10.07B · Total debt $4.29B · Total assets $85.18B · Shareholders' equity $24.03B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 18, 2024 | Nov 18 | Dec 4 | $5.00 | special dividend |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 349.39M · Float 339.91M · 97.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 30.22M | 8.65% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 22.22M | 6.36% | 13F | Aug 13, 2026 |
| Artisan Partners Limited Partnership | 21.60M | 6.18% | 13F | Aug 13, 2026 |
| State Street Corp | 16.25M | 4.65% | 13F | Aug 7, 2026 |
| Bamco Inc /NY/ | 15.87M | 4.54% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Francois Morin | officer: CFO and Treasurer | −11,010 | $99.32 |
| Jun 3, 2026 | Brian S. Posner | director | −3,000 | $19.66 |
| May 11, 2026 | Brian S. Posner | director | −2,000 | $17.14 |
| Apr 30, 2026 | Daniel Joseph Houston | director | +5,300 | $94.09 |
| Mar 10, 2026 | Nicolas Papadopoulo | director, officer: CEO | −21,930 | $96.31 |
Peers
- RenaissanceRe
Top-tier Bermuda reinsurer anchored in property cat and specialty lines.
- Everest Group
Bermuda dual-platform (re)insurer with mirrored Insurance and Reinsurance segments.
- MGIC Investment
Largest or co-largest U.S. private mortgage insurer by insurance in force.
- AXIS Capital
Bermuda specialty (re)insurer pivoting to high-margin specialty insurance.
- Radian Group
U.S. private MI leader now pivoting toward global specialty insurance via Inigo.
- Essent Group
Post-crisis Bermuda private MI pure-play with high-quality clean-slate portfolio.
- W. R. Berkley
Decentralized U.S. specialty P&C insurer with 60+ operating units in E&S and commercial.
- Chubb
World's largest publicly traded P&C insurer; #1 commercial lines writer in the U.S.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Arch Capital Group | $97.15 | −1.71% | $34.53B | 7.7 | 10.5 | 1.8 | −22.3% |
| RenaissanceRe | $330.74 | +0.01% | $13.74B | 5.7 | 8.3 | 1.3 | −28.5% |
| Everest Group | $377.61 | −0.02% | $14.94B | 8.0 | 6.9 | 0.9 | −10.1% |
| MGIC Investment | $30.99 | −0.06% | $6.36B | 9.7 | 9.6 | 5.3 | −2.9% |
| AXIS Capital | $99.52 | 0.00% | $7.26B | 6.3 | 7.6 | 1.1 | +7.4% |
| Radian Group | $36.41 | 0.00% | $4.84B | 9.3 | 7.3 | 2.9 | +80.9% |
| Essent Group | $69.30 | +0.57% | $6.35B | 9.6 | 9.1 | 4.8 | +13.6% |
| W. R. Berkley | $70.65 | +3.20% | $25.48B | 14.1 | 14.5 | 1.4 | +1.2% |
| Chubb | $340.37 | +0.13% | $131.14B | 12.0 | 12.2 | 2.1 | −1.3% |
| Median | 9.4 | 8.7 | 1.8 | −0.0% |