Annual Income Statements for Arch Capital Group
This table shows Arch Capital Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Arch Capital Group
This table shows Arch Capital Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q1 2025 |
Q2 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
7.00 |
849 |
705 |
661 |
713 |
2,324 |
1,110 |
1,259 |
564 |
1,227 |
Consolidated Net Income / (Loss) |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
1,269 |
574 |
1,237 |
Net Income / (Loss) Continuing Operations |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
1,269 |
574 |
1,237 |
Total Pre-Tax Income |
|
-6.00 |
887 |
742 |
714 |
741 |
1,188 |
1,166 |
1,321 |
678 |
1,411 |
Total Revenue |
|
2,386 |
3,071 |
3,118 |
3,124 |
3,317 |
3,882 |
3,938 |
4,195 |
4,611 |
5,087 |
Net Interest Income / (Expense) |
|
-33 |
-32 |
-32 |
-33 |
-34 |
-34 |
-34 |
-35 |
-35 |
-38 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
0.00 |
Total Interest Expense |
|
33 |
32 |
32 |
33 |
34 |
34 |
34 |
35 |
35 |
38 |
Long-Term Debt Interest Expense |
|
33 |
32 |
32 |
33 |
34 |
34 |
34 |
35 |
35 |
38 |
Total Non-Interest Income |
|
2,477 |
2,990 |
3,150 |
3,157 |
3,351 |
3,916 |
3,972 |
4,230 |
4,646 |
5,125 |
Other Service Charges |
|
-11 |
9.00 |
21 |
9.00 |
1.00 |
27 |
26 |
11 |
51 |
80 |
Net Realized & Unrealized Capital Gains on Investments |
|
17 |
220 |
246 |
183 |
102 |
545 |
524 |
654 |
407 |
708 |
Premiums Earned |
|
2,471 |
2,761 |
2,883 |
2,965 |
3,248 |
3,344 |
3,422 |
3,565 |
4,188 |
4,337 |
Total Non-Interest Expense |
|
2,450 |
2,071 |
2,376 |
2,410 |
2,576 |
2,694 |
2,772 |
2,874 |
3,933 |
3,676 |
Property & Liability Insurance Claims |
|
1,683 |
1,241 |
1,471 |
1,491 |
1,647 |
1,637 |
1,728 |
1,827 |
2,587 |
2,303 |
Other Operating Expenses |
|
293 |
303 |
349 |
334 |
330 |
390 |
416 |
387 |
533 |
501 |
Amortization Expense |
|
474 |
527 |
556 |
585 |
599 |
667 |
628 |
660 |
813 |
872 |
Income Tax Expense |
|
-15 |
61 |
64 |
67 |
72 |
-1,076 |
101 |
97 |
121 |
214 |
Other Gains / (Losses), net |
|
9.00 |
36 |
39 |
22 |
54 |
69 |
55 |
45 |
17 |
40 |
Preferred Stock Dividends Declared |
|
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
10 |
Basic Earnings per Share |
|
$0.02 |
$2.31 |
$1.92 |
$1.79 |
$1.93 |
$6.30 |
$2.99 |
$3.38 |
$1.51 |
$3.30 |
Weighted Average Basic Shares Outstanding |
|
365.20M |
368.60M |
367.30M |
368.70M |
369.20M |
368.70M |
370.90M |
372.70M |
372.90M |
372.20M |
Diluted Earnings per Share |
|
$0.02 |
$2.26 |
$1.87 |
$1.75 |
$1.88 |
$6.12 |
$2.92 |
$3.30 |
$1.48 |
$3.23 |
Weighted Average Diluted Shares Outstanding |
|
373.70M |
377.60M |
377.60M |
378.40M |
379.40M |
378.80M |
380.50M |
381.60M |
381.90M |
379.90M |
Weighted Average Basic & Diluted Shares Outstanding |
|
369.87M |
371.20M |
372.42M |
372.95M |
373.17M |
374.15M |
375.49M |
376.24M |
374.75M |
373.22M |
Annual Cash Flow Statements for Arch Capital Group
This table details how cash moves in and out of Arch Capital Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
52 |
68 |
288 |
-242 |
329 |
179 |
387 |
24 |
-41 |
225 |
262 |
Net Cash From Operating Activities |
|
1,037 |
998 |
1,377 |
1,095 |
1,559 |
2,048 |
2,887 |
3,425 |
3,816 |
5,749 |
6,673 |
Net Cash From Continuing Operating Activities |
|
1,037 |
998 |
1,377 |
1,095 |
1,559 |
2,048 |
2,887 |
3,425 |
3,816 |
5,749 |
6,673 |
Net Income / (Loss) Continuing Operations |
|
821 |
527 |
824 |
630 |
728 |
1,693 |
1,466 |
2,239 |
1,482 |
4,442 |
4,312 |
Consolidated Net Income / (Loss) |
|
821 |
527 |
824 |
630 |
728 |
1,693 |
1,466 |
2,239 |
1,482 |
4,442 |
4,312 |
Amortization Expense |
|
- |
23 |
19 |
126 |
106 |
82 |
69 |
82 |
106 |
95 |
235 |
Non-Cash Adjustments to Reconcile Net Income |
|
-29 |
230 |
-86 |
-179 |
345 |
-326 |
-821 |
-803 |
893 |
60 |
-540 |
Changes in Operating Assets and Liabilities, net |
|
245 |
218 |
620 |
519 |
381 |
599 |
2,173 |
1,907 |
1,335 |
1,152 |
2,666 |
Net Cash From Investing Activities |
|
-1,505 |
-914 |
-2,703 |
-1,352 |
-554 |
-1,806 |
-3,043 |
-2,138 |
-3,101 |
-5,468 |
-4,461 |
Net Cash From Continuing Investing Activities |
|
-1,505 |
-914 |
-2,703 |
-1,352 |
-554 |
-1,806 |
-3,043 |
-2,138 |
-3,101 |
-5,468 |
-4,461 |
Purchase of Investment Securities |
|
-31,114 |
-31,781 |
-39,919 |
-40,635 |
-36,343 |
-32,337 |
-43,978 |
-39,155 |
-18,559 |
-21,387 |
-35,671 |
Sale and/or Maturity of Investments |
|
29,608 |
30,867 |
37,216 |
39,283 |
35,797 |
30,530 |
40,935 |
37,366 |
15,458 |
15,919 |
31,210 |
Net Cash From Financing Activities |
|
540 |
-4.66 |
1,636 |
-3.41 |
-989 |
-81 |
521 |
-1,229 |
-706 |
-69 |
-1,925 |
Net Cash From Continuing Financing Activities |
|
540 |
-4.66 |
1,636 |
-3.41 |
-657 |
-81 |
521 |
-1,229 |
-706 |
-69 |
-1,925 |
Issuance of Common Equity |
|
6.83 |
4.86 |
- |
- |
0.00 |
6.20 |
1.88 |
6.00 |
6.00 |
-2.00 |
7.00 |
Repurchase of Common Equity |
|
-454 |
-365 |
-78 |
-21 |
0.00 |
-2.87 |
-83 |
-1,234 |
-586 |
0.00 |
-24 |
Payment of Dividends |
|
-36 |
-40 |
-46 |
-64 |
-18 |
-54 |
-47 |
-49 |
-40 |
-40 |
-1,906 |
Other Financing Activities, Net |
|
862 |
-42 |
4.13 |
-52 |
0.00 |
-81 |
71 |
12 |
-86 |
-27 |
-2.00 |
Effect of Exchange Rate Changes |
|
-20 |
-12 |
-21 |
18 |
-19 |
18 |
22 |
-34 |
-50 |
13 |
-25 |
Cash Interest Paid |
|
46 |
53 |
63 |
117 |
120 |
127 |
133 |
139 |
128 |
127 |
127 |
Cash Income Taxes Paid |
|
21 |
40 |
51 |
52 |
-0.98 |
109 |
203 |
286 |
255 |
267 |
378 |
Quarterly Cash Flow Statements for Arch Capital Group
This table details how cash moves in and out of Arch Capital Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q1 2025 |
Q2 2025 |
Net Change in Cash & Equivalents |
|
30 |
15 |
-58 |
138 |
2.00 |
143 |
102 |
27 |
225 |
-177 |
Net Cash From Operating Activities |
|
1,380 |
982 |
963 |
1,151 |
1,970 |
1,665 |
1,564 |
1,518 |
1,458 |
1,124 |
Net Cash From Continuing Operating Activities |
|
1,380 |
982 |
963 |
1,151 |
1,970 |
1,665 |
1,564 |
1,518 |
1,458 |
1,124 |
Net Income / (Loss) Continuing Operations |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
1,269 |
574 |
1,237 |
Consolidated Net Income / (Loss) |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
1,269 |
574 |
1,237 |
Amortization Expense |
|
26 |
26 |
23 |
24 |
24 |
24 |
21 |
27 |
49 |
48 |
Non-Cash Adjustments to Reconcile Net Income |
|
264 |
-36 |
-42 |
161 |
217 |
-276 |
-96 |
-190 |
56 |
-295 |
Changes in Operating Assets and Liabilities, net |
|
1,072 |
130 |
265 |
297 |
1,006 |
-416 |
519 |
412 |
779 |
134 |
Net Cash From Investing Activities |
|
-1,291 |
-995 |
-996 |
-1,005 |
-1,935 |
-1,532 |
-1,409 |
-1,509 |
-1,008 |
-1,228 |
Net Cash From Continuing Investing Activities |
|
-1,291 |
-995 |
-996 |
-1,005 |
-1,935 |
-1,532 |
-1,409 |
-1,509 |
-1,008 |
-1,228 |
Purchase of Investment Securities |
|
-4,068 |
-3,142 |
-4,381 |
-5,100 |
-5,260 |
-6,646 |
-9,482 |
-6,844 |
-10,839 |
-8,729 |
Sale and/or Maturity of Investments |
|
2,777 |
2,147 |
3,385 |
4,095 |
3,325 |
5,114 |
8,073 |
5,335 |
9,831 |
7,501 |
Net Cash From Financing Activities |
|
-22 |
-2.00 |
-30 |
-15 |
-7.00 |
-17 |
-42 |
14 |
-241 |
-128 |
Net Cash From Continuing Financing Activities |
|
-22 |
-2.00 |
-30 |
-15 |
-7.00 |
-17 |
-42 |
14 |
-241 |
-128 |
Issuance of Common Equity |
|
1.00 |
9.00 |
-18 |
18 |
5.00 |
-7.00 |
-32 |
24 |
-28 |
47 |
Repurchase of Common Equity |
|
-10 |
- |
- |
- |
- |
- |
0.00 |
- |
-196 |
-163 |
Payment of Dividends |
|
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-15 |
-12 |
Effect of Exchange Rate Changes |
|
-37 |
30 |
5.00 |
7.00 |
-26 |
27 |
-11 |
4.00 |
16 |
55 |
Cash Interest Paid |
|
- |
- |
0.00 |
63 |
- |
64 |
0.00 |
63 |
0.00 |
64 |
Cash Income Taxes Paid |
|
- |
- |
4.00 |
69 |
54 |
140 |
-6.00 |
151 |
18 |
131 |
Annual Balance Sheets for Arch Capital Group
This table presents Arch Capital Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
21,968 |
23,139 |
29,372 |
32,052 |
32,218 |
37,885 |
43,282 |
45,101 |
47,990 |
58,906 |
70,906 |
Cash and Due from Banks |
|
486 |
553 |
843 |
606 |
647 |
726 |
906 |
859 |
855 |
917 |
979 |
Trading Account Securities |
|
- |
- |
- |
16,355 |
17,074 |
20,162 |
22,807 |
24,615 |
25,649 |
31,368 |
37,474 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
- |
- |
- |
113 |
115 |
118 |
103 |
85 |
159 |
236 |
298 |
Unearned Premiums Asset |
|
- |
- |
- |
2,062 |
2,275 |
7,360 |
3,299 |
10,243 |
5,424 |
13,878 |
8,062 |
Deferred Acquisition Cost |
|
- |
- |
- |
536 |
570 |
633 |
791 |
902 |
1,264 |
1,531 |
1,734 |
Intangible Assets |
|
- |
- |
- |
653 |
635 |
- |
- |
945 |
804 |
731 |
1,351 |
Other Assets |
|
- |
- |
- |
11,727 |
10,904 |
8,147 |
14,684 |
7,452 |
13,835 |
10,245 |
21,008 |
Total Liabilities & Shareholders' Equity |
|
9,934 |
10,053 |
11,144 |
32,052 |
32,218 |
37,885 |
43,282 |
45,101 |
47,990 |
58,906 |
70,906 |
Total Liabilities |
|
14,887 |
16,028 |
20,061 |
21,806 |
21,781 |
25,570 |
29,295 |
31,546 |
35,069 |
40,551 |
50,086 |
Short-Term Debt |
|
- |
- |
- |
3,244 |
2,625 |
2,691 |
2,370 |
1,897 |
1,829 |
2,064 |
2,346 |
Long-Term Debt |
|
- |
- |
- |
1,733 |
1,734 |
1,872 |
2,861 |
2,724 |
2,725 |
2,726 |
2,728 |
Claims and Claim Expense |
|
9,036 |
9,125 |
10,201 |
11,384 |
11,853 |
13,892 |
16,514 |
17,757 |
20,032 |
22,752 |
29,369 |
Unearned Premiums Liability |
|
- |
- |
- |
3,622 |
3,754 |
4,340 |
4,839 |
6,012 |
7,337 |
8,808 |
10,218 |
Other Long-Term Liabilities |
|
- |
- |
- |
1,583 |
1,579 |
2,569 |
2,495 |
2,913 |
3,146 |
4,201 |
5,425 |
Commitments & Contingencies |
|
- |
- |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
6,861 |
6,905 |
9,106 |
10,040 |
10,231 |
12,260 |
13,929 |
13,546 |
12,910 |
18,353 |
20,820 |
Total Preferred & Common Equity |
|
6,092 |
6,167 |
8,254 |
9,197 |
9,440 |
11,497 |
13,106 |
13,546 |
12,910 |
18,353 |
20,820 |
Preferred Stock |
|
- |
- |
- |
1,362 |
780 |
0.00 |
780 |
830 |
830 |
830 |
830 |
Total Common Equity |
|
129 |
-17 |
-115 |
7,834 |
8,660 |
212 |
12,326 |
12,716 |
12,080 |
17,523 |
19,990 |
Common Stock |
|
- |
- |
- |
1,231 |
1,794 |
0.00 |
1,978 |
2,086 |
2,212 |
2,328 |
2,511 |
Retained Earnings |
|
- |
- |
- |
8,563 |
9,426 |
0.00 |
12,362 |
14,456 |
15,892 |
20,295 |
22,686 |
Treasury Stock |
|
- |
- |
- |
-2,078 |
-2,382 |
0.00 |
-2,504 |
-3,761 |
-4,378 |
-4,424 |
-4,487 |
Accumulated Other Comprehensive Income / (Loss) |
|
129 |
-17 |
-115 |
118 |
-179 |
212 |
489 |
-65 |
-1,646 |
-676 |
-720 |
Quarterly Balance Sheets for Arch Capital Group
This table presents Arch Capital Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Total Assets |
|
46,337 |
47,990 |
51,103 |
53,856 |
55,227 |
58,906 |
62,768 |
73,656 |
70,906 |
75,176 |
78,788 |
Cash and Due from Banks |
|
814 |
855 |
803 |
904 |
859 |
917 |
993 |
1,025 |
979 |
1,187 |
983 |
Trading Account Securities |
|
24,437 |
25,649 |
27,000 |
28,120 |
29,312 |
31,368 |
32,332 |
38,642 |
37,474 |
39,233 |
41,401 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
116 |
159 |
163 |
233 |
217 |
236 |
236 |
292 |
298 |
267 |
329 |
Unearned Premiums Asset |
|
12,051 |
5,424 |
6,629 |
14,472 |
7,381 |
13,878 |
8,482 |
17,247 |
16,322 |
9,502 |
10,296 |
Deferred Acquisition Cost |
|
1,123 |
1,264 |
1,355 |
1,452 |
1,483 |
1,531 |
1,625 |
1,744 |
1,734 |
1,785 |
1,814 |
Intangible Assets |
|
807 |
804 |
785 |
775 |
739 |
731 |
778 |
1,486 |
1,351 |
1,308 |
1,319 |
Other Assets |
|
6,989 |
13,835 |
14,368 |
7,900 |
15,236 |
10,245 |
18,322 |
13,220 |
12,748 |
21,894 |
22,646 |
Total Liabilities & Shareholders' Equity |
|
46,337 |
47,990 |
51,103 |
53,856 |
55,227 |
58,906 |
62,768 |
73,656 |
70,906 |
75,176 |
78,788 |
Total Liabilities |
|
34,533 |
35,069 |
37,104 |
39,213 |
39,986 |
40,551 |
43,411 |
51,382 |
50,086 |
53,631 |
55,747 |
Short-Term Debt |
|
1,913 |
1,829 |
2,014 |
2,290 |
2,224 |
2,064 |
2,343 |
3,049 |
2,346 |
2,796 |
3,014 |
Long-Term Debt |
|
2,725 |
2,725 |
2,726 |
2,726 |
2,726 |
2,726 |
2,727 |
2,727 |
2,728 |
2,728 |
2,728 |
Claims and Claim Expense |
|
19,288 |
20,032 |
20,758 |
21,268 |
21,836 |
22,752 |
23,705 |
28,679 |
29,369 |
30,946 |
32,089 |
Unearned Premiums Liability |
|
7,271 |
7,337 |
8,218 |
9,052 |
9,074 |
8,808 |
9,971 |
11,238 |
10,218 |
11,090 |
11,625 |
Other Long-Term Liabilities |
|
3,081 |
3,146 |
3,388 |
3,877 |
4,126 |
4,201 |
4,665 |
5,689 |
5,425 |
6,071 |
6,291 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
11,795 |
12,910 |
13,988 |
14,641 |
15,239 |
18,353 |
19,355 |
22,274 |
20,820 |
21,545 |
23,041 |
Total Preferred & Common Equity |
|
11,795 |
12,910 |
13,988 |
14,641 |
15,239 |
18,353 |
19,355 |
22,274 |
20,820 |
21,545 |
23,041 |
Preferred Stock |
|
830 |
830 |
830 |
830 |
830 |
830 |
830 |
830 |
830 |
830 |
830 |
Total Common Equity |
|
10,965 |
12,080 |
13,158 |
13,811 |
14,409 |
17,523 |
18,525 |
21,444 |
19,990 |
20,715 |
22,211 |
Common Stock |
|
2,187 |
2,212 |
2,261 |
2,279 |
2,298 |
2,328 |
2,402 |
2,466 |
2,511 |
2,589 |
2,661 |
Retained Earnings |
|
15,043 |
15,892 |
16,597 |
17,258 |
17,971 |
20,295 |
21,405 |
23,642 |
22,686 |
23,250 |
24,477 |
Treasury Stock |
|
-4,373 |
-4,378 |
-4,403 |
-4,407 |
-4,407 |
-4,424 |
-4,461 |
-4,464 |
-4,487 |
-4,716 |
-4,879 |
Accumulated Other Comprehensive Income / (Loss) |
|
-1,892 |
-1,646 |
-1,297 |
-1,319 |
-1,453 |
-676 |
-821 |
-200 |
-720 |
-408 |
-48 |
Annual Metrics And Ratios for Arch Capital Group
This table displays calculated financial ratios and metrics derived from Arch Capital Group's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
15.49% |
-1.74% |
12.06% |
21.66% |
0.10% |
25.65% |
22.06% |
10.49% |
4.74% |
40.24% |
29.26% |
EBITDA Growth |
|
14.92% |
-60.70% |
48.26% |
0.93% |
7.29% |
103.60% |
-15.51% |
34.06% |
-27.09% |
118.46% |
35.32% |
EBIT Growth |
|
13.70% |
-32.82% |
50.84% |
-11.49% |
11.16% |
119.40% |
-15.49% |
34.74% |
-29.29% |
127.64% |
32.17% |
NOPAT Growth |
|
15.71% |
-35.88% |
56.51% |
-23.60% |
15.58% |
132.35% |
-14.32% |
36.31% |
-28.76% |
202.63% |
-3.43% |
Net Income Growth |
|
15.71% |
-35.88% |
56.51% |
-23.60% |
15.58% |
132.65% |
-13.44% |
52.76% |
-33.81% |
199.73% |
-2.93% |
EPS Growth |
|
18.74% |
-32.06% |
56.51% |
-23.60% |
27.21% |
123.70% |
-14.21% |
57.53% |
-27.34% |
205.79% |
-3.70% |
Operating Cash Flow Growth |
|
21.89% |
-3.78% |
38.03% |
-20.51% |
42.42% |
31.37% |
40.91% |
18.66% |
11.42% |
50.66% |
16.07% |
Free Cash Flow Firm Growth |
|
-364.61% |
181.16% |
-377.31% |
-283.74% |
121.86% |
-133.91% |
-127.68% |
438.57% |
-30.11% |
-166.97% |
196.53% |
Invested Capital Growth |
|
25.37% |
0.43% |
30.95% |
63.49% |
-2.80% |
14.07% |
13.86% |
-5.42% |
-3.86% |
32.45% |
11.88% |
Revenue Q/Q Growth |
|
3.61% |
-3.60% |
2.71% |
7.02% |
-0.28% |
4.80% |
7.92% |
0.18% |
8.97% |
6.42% |
0.00% |
EBITDA Q/Q Growth |
|
3.69% |
-58.61% |
-41.82% |
29.72% |
-15.44% |
14.36% |
20.95% |
0.33% |
30.97% |
5.65% |
0.00% |
EBIT Q/Q Growth |
|
4.42% |
-23.39% |
5.40% |
30.13% |
-16.58% |
15.41% |
22.34% |
-0.27% |
34.68% |
5.88% |
0.00% |
NOPAT Q/Q Growth |
|
5.88% |
-25.38% |
8.93% |
20.29% |
-16.66% |
17.69% |
23.77% |
-0.28% |
20.85% |
50.99% |
0.00% |
Net Income Q/Q Growth |
|
5.88% |
-25.38% |
8.93% |
20.29% |
-16.66% |
17.85% |
24.30% |
1.08% |
19.21% |
49.51% |
0.00% |
EPS Q/Q Growth |
|
7.89% |
-26.70% |
8.93% |
20.29% |
-11.73% |
10.89% |
16.49% |
5.66% |
22.19% |
49.74% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
1.33% |
-4.51% |
12.22% |
-21.85% |
34.99% |
3.38% |
1.75% |
7.62% |
5.08% |
13.48% |
0.00% |
Free Cash Flow Firm Q/Q Growth |
|
66.82% |
161.21% |
-225.34% |
-61.84% |
-12.35% |
-87.31% |
14.94% |
16.69% |
-30.42% |
-52.00% |
0.00% |
Invested Capital Q/Q Growth |
|
-29.27% |
-32.45% |
-20.46% |
-1.74% |
-1.68% |
1.10% |
1.62% |
-0.72% |
6.28% |
14.63% |
0.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
37.29% |
14.91% |
19.73% |
16.37% |
17.55% |
28.43% |
19.68% |
23.88% |
16.62% |
25.89% |
27.10% |
EBIT Margin |
|
20.96% |
14.33% |
19.30% |
14.04% |
15.59% |
27.22% |
18.85% |
22.98% |
15.52% |
25.18% |
25.75% |
Profit (Net Income) Margin |
|
20.39% |
13.31% |
18.59% |
11.67% |
13.48% |
24.96% |
17.70% |
24.47% |
15.46% |
33.05% |
24.82% |
Tax Burden Percent |
|
97.28% |
92.84% |
96.33% |
83.15% |
86.46% |
91.68% |
93.91% |
106.47% |
99.66% |
131.23% |
96.38% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
2.72% |
7.16% |
3.67% |
16.85% |
13.54% |
8.44% |
7.17% |
6.09% |
5.38% |
-25.79% |
8.09% |
Return on Invested Capital (ROIC) |
|
12.91% |
7.42% |
10.04% |
5.13% |
4.85% |
10.68% |
8.03% |
10.56% |
7.89% |
20.97% |
16.77% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
12.91% |
7.42% |
0.00% |
5.13% |
4.85% |
10.73% |
8.37% |
15.92% |
9.53% |
24.90% |
20.83% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.23% |
0.12% |
0.00% |
1.31% |
2.19% |
4.21% |
3.12% |
5.70% |
3.30% |
7.44% |
5.24% |
Return on Equity (ROE) |
|
13.13% |
7.54% |
0.00% |
6.44% |
7.04% |
14.88% |
11.14% |
16.26% |
11.20% |
28.41% |
22.01% |
Cash Return on Invested Capital (CROIC) |
|
-9.61% |
7.00% |
-16.76% |
-43.06% |
7.69% |
-2.47% |
-4.94% |
16.14% |
11.83% |
-6.95% |
5.56% |
Operating Return on Assets (OROA) |
|
4.07% |
2.51% |
3.26% |
2.47% |
2.62% |
5.27% |
3.85% |
4.76% |
3.19% |
6.33% |
6.89% |
Return on Assets (ROA) |
|
3.96% |
2.33% |
3.14% |
2.05% |
2.26% |
4.83% |
3.61% |
5.07% |
3.18% |
8.31% |
6.64% |
Return on Common Equity (ROCE) |
|
0.21% |
0.06% |
0.00% |
2.54% |
5.61% |
5.80% |
5.31% |
14.78% |
10.48% |
26.89% |
21.08% |
Return on Equity Simple (ROE_SIMPLE) |
|
13.48% |
8.54% |
9.99% |
6.85% |
7.71% |
14.73% |
11.18% |
16.53% |
11.48% |
24.20% |
20.71% |
Net Operating Profit after Tax (NOPAT) |
|
821 |
527 |
824 |
630 |
728 |
1,691 |
1,449 |
1,975 |
1,407 |
4,258 |
4,112 |
NOPAT Margin |
|
20.39% |
13.31% |
18.59% |
11.67% |
13.48% |
24.93% |
17.50% |
21.58% |
14.68% |
31.68% |
23.67% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-0.05% |
-0.34% |
-5.36% |
-1.63% |
-3.94% |
-4.06% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
79.04% |
85.67% |
80.70% |
85.96% |
84.41% |
72.78% |
81.15% |
77.02% |
84.48% |
74.82% |
74.25% |
Earnings before Interest and Taxes (EBIT) |
|
844 |
567 |
856 |
757 |
842 |
1,847 |
1,561 |
2,103 |
1,487 |
3,385 |
4,474 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1,502 |
590 |
875 |
883 |
947 |
1,929 |
1,630 |
2,185 |
1,593 |
3,480 |
4,709 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
59.22 |
0.00 |
0.00 |
1.52 |
1.25 |
81.96 |
1.19 |
1.35 |
1.83 |
1.50 |
1.74 |
Price to Tangible Book Value (P/TBV) |
|
59.22 |
0.00 |
0.00 |
1.65 |
1.35 |
0.00 |
1.26 |
1.46 |
1.96 |
1.57 |
1.86 |
Price to Revenue (P/Rev) |
|
1.89 |
2.16 |
2.39 |
2.20 |
2.00 |
2.56 |
1.77 |
1.88 |
2.30 |
1.96 |
2.00 |
Price to Earnings (P/E) |
|
9.39 |
16.56 |
15.93 |
20.97 |
15.15 |
10.90 |
10.74 |
8.20 |
15.38 |
5.99 |
8.13 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
5.41% |
Earnings Yield |
|
10.65% |
6.04% |
6.28% |
4.77% |
6.60% |
9.17% |
9.31% |
12.20% |
6.50% |
16.71% |
12.30% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.12 |
1.26 |
1.16 |
1.23 |
1.10 |
1.31 |
1.07 |
1.20 |
1.52 |
1.34 |
1.53 |
Enterprise Value to Revenue (EV/Rev) |
|
1.97 |
2.26 |
2.44 |
3.46 |
3.02 |
3.25 |
2.49 |
2.38 |
2.78 |
2.31 |
2.28 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.27 |
15.14 |
12.35 |
21.13 |
17.21 |
11.43 |
12.66 |
9.96 |
16.71 |
8.93 |
8.42 |
Enterprise Value to EBIT (EV/EBIT) |
|
9.37 |
15.75 |
12.63 |
24.64 |
19.37 |
11.93 |
13.22 |
10.35 |
17.90 |
9.18 |
8.87 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
9.64 |
16.96 |
13.11 |
29.63 |
22.40 |
13.03 |
14.24 |
11.02 |
18.92 |
7.29 |
9.65 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
7.63 |
8.95 |
7.84 |
17.04 |
10.46 |
10.76 |
7.15 |
6.35 |
6.98 |
5.40 |
5.95 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
18.00 |
0.00 |
0.00 |
14.12 |
0.00 |
0.00 |
7.21 |
12.63 |
0.00 |
29.11 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.49 |
0.42 |
0.37 |
0.37 |
0.34 |
0.35 |
0.26 |
0.24 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.17 |
0.17 |
0.15 |
0.20 |
0.20 |
0.21 |
0.15 |
0.13 |
Financial Leverage |
|
0.02 |
0.02 |
0.00 |
0.25 |
0.45 |
0.39 |
0.37 |
0.36 |
0.35 |
0.30 |
0.25 |
Leverage Ratio |
|
3.32 |
3.23 |
3.20 |
3.14 |
3.11 |
3.08 |
3.09 |
3.21 |
3.52 |
3.42 |
3.31 |
Compound Leverage Factor |
|
3.32 |
3.23 |
3.20 |
3.14 |
3.11 |
3.08 |
3.09 |
3.21 |
3.52 |
3.42 |
3.31 |
Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
32.69% |
29.46% |
27.03% |
27.22% |
25.43% |
26.06% |
20.70% |
19.60% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
21.31% |
17.74% |
15.95% |
12.33% |
10.44% |
10.47% |
8.92% |
9.06% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
11.38% |
11.72% |
11.09% |
14.89% |
14.99% |
15.59% |
11.78% |
10.54% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
8.95% |
5.27% |
0.00% |
4.06% |
4.57% |
4.75% |
3.59% |
3.21% |
Noncontrolling Interests to Total Capital |
|
11.21% |
13.28% |
11.36% |
6.89% |
6.74% |
4.85% |
4.59% |
0.05% |
0.06% |
0.01% |
0.00% |
Common Equity to Total Capital |
|
1.88% |
-0.23% |
-1.23% |
51.47% |
58.53% |
1.26% |
64.14% |
69.96% |
69.13% |
75.71% |
77.20% |
Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
5.64 |
4.60 |
2.37 |
3.21 |
2.12 |
2.86 |
1.38 |
1.08 |
Net Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
4.95 |
3.92 |
1.99 |
2.65 |
1.72 |
2.32 |
1.11 |
0.87 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
1.96 |
1.83 |
0.97 |
1.76 |
1.25 |
1.71 |
0.78 |
0.58 |
Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
7.90 |
5.99 |
2.70 |
3.61 |
2.34 |
3.24 |
1.12 |
1.23 |
Net Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
6.94 |
5.10 |
2.27 |
2.98 |
1.91 |
2.63 |
0.91 |
1.00 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
2.75 |
2.38 |
1.11 |
1.97 |
1.38 |
1.94 |
0.64 |
0.66 |
Noncontrolling Interest Sharing Ratio |
|
98.37% |
99.20% |
100.80% |
60.53% |
20.25% |
61.01% |
52.33% |
9.08% |
6.35% |
5.35% |
4.24% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-612 |
496 |
-1,376 |
-5,282 |
1,154 |
-391 |
-891 |
3,017 |
2,109 |
-1,412 |
1,363 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
5,231.04% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
-13.40 |
10.82 |
-20.78 |
-44.98 |
9.58 |
-3.24 |
-6.21 |
21.71 |
16.10 |
-10.62 |
9.67 |
Operating Cash Flow to Interest Expense |
|
22.73 |
21.75 |
20.79 |
9.32 |
12.94 |
16.95 |
20.12 |
24.64 |
29.13 |
43.23 |
47.33 |
Operating Cash Flow Less CapEx to Interest Expense |
|
22.73 |
21.75 |
20.79 |
9.32 |
12.69 |
16.95 |
20.12 |
24.64 |
29.13 |
43.23 |
47.33 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.19 |
0.18 |
0.17 |
0.18 |
0.17 |
0.19 |
0.20 |
0.21 |
0.21 |
0.25 |
0.27 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
7,080 |
7,111 |
9,311 |
15,223 |
14,796 |
16,879 |
19,219 |
18,177 |
17,475 |
23,145 |
25,894 |
Invested Capital Turnover |
|
0.63 |
0.56 |
0.54 |
0.44 |
0.36 |
0.43 |
0.46 |
0.49 |
0.54 |
0.66 |
0.71 |
Increase / (Decrease) in Invested Capital |
|
1,433 |
30 |
2,201 |
5,911 |
-427 |
2,082 |
2,340 |
-1,042 |
-702 |
5,670 |
2,749 |
Enterprise Value (EV) |
|
7,914 |
8,932 |
10,802 |
18,661 |
16,304 |
22,039 |
20,632 |
21,766 |
26,620 |
31,060 |
39,671 |
Market Capitalization |
|
7,630 |
8,541 |
10,587 |
11,879 |
10,814 |
17,384 |
14,645 |
17,164 |
22,080 |
26,355 |
34,746 |
Book Value per Share |
|
$1.00 |
($0.13) |
($0.93) |
$59.86 |
$21.40 |
$0.52 |
$30.36 |
$32.93 |
$32.66 |
$46.96 |
$53.13 |
Tangible Book Value per Share |
|
$1.00 |
($0.13) |
($0.93) |
$54.88 |
$19.83 |
($1.30) |
$28.65 |
$30.48 |
$30.49 |
$45.00 |
$49.54 |
Total Capital |
|
6,861 |
7,111 |
9,311 |
15,223 |
14,796 |
16,879 |
19,219 |
18,177 |
17,475 |
23,145 |
25,894 |
Total Debt |
|
0.00 |
0.00 |
0.00 |
4,977 |
4,358 |
4,563 |
5,231 |
4,621 |
4,554 |
4,790 |
5,074 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
1,733 |
1,734 |
1,872 |
2,861 |
2,724 |
2,725 |
2,726 |
2,728 |
Net Debt |
|
-486 |
-553 |
-843 |
4,370 |
3,712 |
3,837 |
4,325 |
3,763 |
3,699 |
3,873 |
4,095 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
30 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-2.23 |
-17 |
-264 |
-75 |
-184 |
-200 |
Net Nonoperating Obligations (NNO) |
|
220 |
0.00 |
0.00 |
4,977 |
4,358 |
4,563 |
5,231 |
4,621 |
4,554 |
4,790 |
5,074 |
Total Depreciation and Amortization (D&A) |
|
657 |
23 |
19 |
126 |
106 |
82 |
69 |
82 |
106 |
95 |
235 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.07 |
$1.41 |
$1.83 |
$1.40 |
$1.76 |
$3.97 |
$0.00 |
$5.34 |
$3.90 |
$11.94 |
$11.47 |
Adjusted Weighted Average Basic Shares Outstanding |
|
392.45M |
365.36M |
362.38M |
404.14M |
404.35M |
401.80M |
0.00 |
391.75M |
368.61M |
368.70M |
372.50M |
Adjusted Diluted Earnings per Share |
|
$2.01 |
$1.36 |
$1.78 |
$1.36 |
$1.73 |
$3.87 |
$0.00 |
$5.23 |
$3.80 |
$11.62 |
$11.19 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
404.77M |
378.12M |
374.15M |
417.79M |
412.91M |
411.61M |
0.00 |
400.35M |
377.61M |
378.80M |
381.80M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.97 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
378.68M |
366.23M |
368.87M |
393.03M |
402.53M |
406.66M |
0.00 |
379.04M |
371.20M |
374.15M |
375.36M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
821 |
527 |
824 |
630 |
728 |
1,691 |
1,449 |
1,975 |
1,407 |
2,370 |
4,112 |
Normalized NOPAT Margin |
|
20.39% |
13.31% |
18.59% |
11.67% |
13.48% |
24.93% |
17.50% |
21.58% |
14.68% |
17.63% |
23.67% |
Pre Tax Income Margin |
|
20.96% |
14.33% |
19.30% |
14.04% |
15.59% |
27.22% |
18.85% |
22.98% |
15.52% |
25.18% |
25.75% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
18.50 |
12.36 |
12.91 |
6.45 |
6.99 |
15.28 |
10.88 |
15.13 |
11.35 |
25.45 |
31.73 |
NOPAT to Interest Expense |
|
18.00 |
11.48 |
12.44 |
5.36 |
6.04 |
13.99 |
10.10 |
14.21 |
10.74 |
32.02 |
29.16 |
EBIT Less CapEx to Interest Expense |
|
18.50 |
12.36 |
12.91 |
6.45 |
6.74 |
15.28 |
10.88 |
15.13 |
11.35 |
25.45 |
31.73 |
NOPAT Less CapEx to Interest Expense |
|
18.00 |
11.48 |
12.44 |
5.36 |
5.79 |
13.99 |
10.10 |
14.21 |
10.74 |
32.02 |
29.16 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
4.43% |
7.64% |
5.59% |
10.17% |
2.47% |
3.20% |
3.18% |
2.19% |
2.70% |
0.90% |
44.20% |
Augmented Payout Ratio |
|
59.73% |
77.03% |
15.01% |
13.51% |
2.47% |
3.37% |
8.87% |
57.30% |
42.24% |
0.90% |
44.76% |
Quarterly Metrics And Ratios for Arch Capital Group
This table displays calculated financial ratios and metrics derived from Arch Capital Group's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q1 2025 |
Q2 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
13.40% |
34.58% |
62.99% |
41.10% |
39.02% |
26.41% |
26.30% |
48.02% |
17.09% |
21.26% |
EBITDA Growth |
|
-111.82% |
58.02% |
260.85% |
87.79% |
2,113.16% |
18.13% |
55.16% |
45.94% |
-38.75% |
8.23% |
EBIT Growth |
|
-121.23% |
62.05% |
301.08% |
95.08% |
1,257.81% |
18.80% |
57.14% |
47.06% |
-41.85% |
6.81% |
NOPAT Growth |
|
-101.41% |
41.62% |
291.91% |
62.16% |
16,028.57% |
174.09% |
57.08% |
47.14% |
-47.70% |
-2.21% |
Net Income Growth |
|
-95.73% |
38.32% |
262.12% |
65.59% |
3,916.67% |
170.65% |
56.21% |
47.68% |
-48.75% |
-2.52% |
EPS Growth |
|
-97.96% |
43.95% |
289.58% |
68.27% |
9,300.00% |
170.80% |
56.15% |
46.29% |
-49.32% |
-2.12% |
Operating Cash Flow Growth |
|
35.96% |
23.14% |
74.46% |
27.61% |
42.75% |
69.55% |
62.41% |
31.89% |
-6.78% |
-25.96% |
Free Cash Flow Firm Growth |
|
106.31% |
-6.02% |
-122.06% |
-149.54% |
-265.44% |
-322.98% |
-1,009.63% |
-311.46% |
54.90% |
106.47% |
Invested Capital Growth |
|
-10.19% |
-3.86% |
6.20% |
14.27% |
22.80% |
32.45% |
30.35% |
42.68% |
10.82% |
2.61% |
Revenue Q/Q Growth |
|
7.77% |
28.71% |
1.53% |
0.19% |
6.18% |
17.03% |
1.44% |
17.42% |
0.00% |
10.32% |
EBITDA Q/Q Growth |
|
-109.67% |
2,800.00% |
-25.44% |
-3.53% |
3.66% |
58.43% |
-2.06% |
-9.27% |
0.00% |
100.69% |
EBIT Q/Q Growth |
|
-117.49% |
1,662.50% |
-25.80% |
-3.77% |
3.78% |
60.32% |
-1.85% |
-9.95% |
0.00% |
108.11% |
NOPAT Q/Q Growth |
|
-101.05% |
19,766.67% |
-17.92% |
-4.57% |
3.40% |
238.42% |
-52.96% |
-10.61% |
0.00% |
114.90% |
Net Income Q/Q Growth |
|
-95.54% |
4,688.89% |
-16.82% |
-6.69% |
8.07% |
222.68% |
-51.99% |
-11.79% |
0.00% |
115.51% |
EPS Q/Q Growth |
|
-98.08% |
11,200.00% |
-17.26% |
-6.42% |
7.43% |
225.53% |
-52.29% |
-12.33% |
0.00% |
118.24% |
Operating Cash Flow Q/Q Growth |
|
52.99% |
-28.84% |
-1.93% |
19.52% |
71.16% |
-15.48% |
-6.07% |
-2.94% |
0.00% |
-22.91% |
Free Cash Flow Firm Q/Q Growth |
|
-48.98% |
-17.95% |
-127.27% |
-333.95% |
-70.36% |
-10.59% |
-35.73% |
-60.91% |
0.00% |
122.25% |
Invested Capital Q/Q Growth |
|
-4.43% |
6.28% |
7.23% |
4.91% |
2.71% |
14.63% |
5.54% |
14.83% |
0.00% |
6.33% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-1.59% |
33.41% |
24.54% |
23.62% |
23.06% |
31.22% |
30.14% |
23.29% |
15.77% |
28.68% |
EBIT Margin |
|
-2.68% |
32.56% |
23.80% |
22.86% |
22.34% |
30.60% |
29.61% |
22.71% |
14.70% |
27.74% |
Profit (Net Income) Margin |
|
0.75% |
28.07% |
23.00% |
21.41% |
21.80% |
60.10% |
28.44% |
21.37% |
12.45% |
24.32% |
Tax Burden Percent |
|
-300.00% |
97.18% |
96.63% |
93.70% |
97.57% |
196.38% |
96.05% |
94.10% |
84.66% |
87.67% |
Interest Burden Percent |
|
9.38% |
88.70% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
6.88% |
8.63% |
9.38% |
9.72% |
-90.57% |
8.66% |
9.33% |
17.85% |
15.17% |
Return on Invested Capital (ROIC) |
|
-0.09% |
14.46% |
12.90% |
13.15% |
13.91% |
38.60% |
17.87% |
13.60% |
8.47% |
15.68% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.38% |
15.25% |
13.72% |
13.59% |
15.03% |
40.07% |
18.99% |
14.27% |
8.79% |
16.38% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.14% |
5.28% |
4.82% |
4.92% |
5.33% |
11.97% |
5.59% |
4.17% |
2.28% |
4.16% |
Return on Equity (ROE) |
|
0.05% |
19.74% |
17.71% |
18.06% |
19.24% |
50.57% |
23.45% |
17.77% |
10.74% |
19.85% |
Cash Return on Invested Capital (CROIC) |
|
17.44% |
11.83% |
4.49% |
-1.60% |
-5.07% |
-6.95% |
-4.83% |
-14.43% |
3.74% |
10.01% |
Operating Return on Assets (OROA) |
|
-0.52% |
6.70% |
5.31% |
5.37% |
5.56% |
7.70% |
7.42% |
5.61% |
3.85% |
6.89% |
Return on Assets (ROA) |
|
0.15% |
5.78% |
5.13% |
5.03% |
5.42% |
15.11% |
7.12% |
5.28% |
3.26% |
6.04% |
Return on Common Equity (ROCE) |
|
0.05% |
18.49% |
16.61% |
16.95% |
18.05% |
47.86% |
22.28% |
16.97% |
10.31% |
19.12% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.54% |
0.00% |
14.31% |
15.48% |
19.50% |
0.00% |
25.03% |
23.18% |
17.48% |
16.21% |
Net Operating Profit after Tax (NOPAT) |
|
-4.20 |
826 |
678 |
647 |
669 |
2,264 |
1,065 |
952 |
557 |
1,197 |
NOPAT Margin |
|
-0.18% |
26.90% |
21.74% |
20.71% |
20.17% |
58.32% |
27.04% |
20.59% |
12.08% |
23.53% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.47% |
-0.78% |
-0.83% |
-0.45% |
-1.13% |
-1.48% |
-1.12% |
-0.67% |
-0.32% |
-0.69% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
102.68% |
67.44% |
76.20% |
77.14% |
77.66% |
69.40% |
70.39% |
77.29% |
85.30% |
72.26% |
Earnings before Interest and Taxes (EBIT) |
|
-64 |
1,000 |
742 |
714 |
741 |
1,188 |
1,166 |
1,050 |
678 |
1,411 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-38 |
1,026 |
765 |
738 |
765 |
1,212 |
1,187 |
1,077 |
727 |
1,459 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.53 |
1.83 |
1.91 |
2.02 |
2.06 |
1.50 |
1.86 |
1.96 |
1.74 |
1.54 |
Price to Tangible Book Value (P/TBV) |
|
1.65 |
1.96 |
2.04 |
2.14 |
2.17 |
1.57 |
1.94 |
2.11 |
1.86 |
1.63 |
Price to Revenue (P/Rev) |
|
1.91 |
2.30 |
2.34 |
2.38 |
2.35 |
1.96 |
2.42 |
2.67 |
2.00 |
1.80 |
Price to Earnings (P/E) |
|
14.00 |
15.38 |
12.89 |
12.55 |
10.15 |
5.99 |
7.17 |
8.21 |
9.69 |
9.24 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
5.20% |
5.49% |
Earnings Yield |
|
7.14% |
6.50% |
7.76% |
7.97% |
9.85% |
16.71% |
13.94% |
12.18% |
10.32% |
10.83% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.31 |
1.52 |
1.60 |
1.67 |
1.72 |
1.34 |
1.61 |
1.70 |
1.52 |
1.38 |
Enterprise Value to Revenue (EV/Rev) |
|
2.44 |
2.78 |
2.78 |
2.81 |
2.74 |
2.31 |
2.76 |
3.02 |
2.29 |
2.10 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
17.66 |
16.71 |
13.97 |
13.18 |
10.52 |
8.93 |
10.10 |
11.24 |
9.71 |
9.11 |
Enterprise Value to EBIT (EV/EBIT) |
|
19.45 |
17.90 |
14.66 |
13.72 |
10.84 |
9.18 |
10.35 |
11.50 |
10.35 |
9.74 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
18.44 |
18.92 |
15.68 |
15.19 |
12.29 |
7.29 |
8.48 |
9.63 |
11.45 |
11.10 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
5.91 |
6.98 |
7.09 |
7.33 |
6.84 |
5.40 |
6.21 |
7.09 |
6.28 |
6.43 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
7.09 |
12.63 |
36.67 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
42.90 |
13.96 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.39 |
0.35 |
0.34 |
0.34 |
0.32 |
0.26 |
0.26 |
0.26 |
0.26 |
0.25 |
Long-Term Debt to Equity |
|
0.23 |
0.21 |
0.19 |
0.19 |
0.18 |
0.15 |
0.14 |
0.12 |
0.13 |
0.12 |
Financial Leverage |
|
0.38 |
0.35 |
0.35 |
0.36 |
0.35 |
0.30 |
0.29 |
0.29 |
0.26 |
0.25 |
Leverage Ratio |
|
3.62 |
3.52 |
3.59 |
3.68 |
3.76 |
3.42 |
3.41 |
3.45 |
3.37 |
3.36 |
Compound Leverage Factor |
|
0.34 |
3.12 |
3.59 |
3.68 |
3.76 |
3.42 |
3.41 |
3.45 |
3.37 |
3.36 |
Debt to Total Capital |
|
28.21% |
26.06% |
25.29% |
25.52% |
24.52% |
20.70% |
20.76% |
20.59% |
20.41% |
19.95% |
Short-Term Debt to Total Capital |
|
11.63% |
10.47% |
10.75% |
11.65% |
11.01% |
8.92% |
9.59% |
10.87% |
10.33% |
10.47% |
Long-Term Debt to Total Capital |
|
16.57% |
15.59% |
14.55% |
13.87% |
13.50% |
11.78% |
11.16% |
9.72% |
10.08% |
9.48% |
Preferred Equity to Total Capital |
|
5.05% |
4.75% |
4.43% |
4.22% |
4.11% |
3.59% |
3.40% |
2.96% |
3.07% |
2.88% |
Noncontrolling Interests to Total Capital |
|
0.05% |
0.06% |
0.06% |
0.01% |
0.01% |
0.01% |
0.01% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
66.69% |
69.13% |
70.22% |
70.25% |
71.36% |
75.71% |
75.84% |
76.45% |
76.53% |
77.17% |
Debt to EBITDA |
|
3.81 |
2.86 |
2.21 |
2.01 |
1.50 |
1.38 |
1.30 |
1.36 |
1.30 |
1.32 |
Net Debt to EBITDA |
|
3.14 |
2.32 |
1.83 |
1.65 |
1.24 |
1.11 |
1.04 |
1.12 |
1.02 |
1.09 |
Long-Term Debt to EBITDA |
|
2.24 |
1.71 |
1.27 |
1.09 |
0.83 |
0.78 |
0.70 |
0.64 |
0.64 |
0.63 |
Debt to NOPAT |
|
3.98 |
3.24 |
2.48 |
2.32 |
1.76 |
1.12 |
1.09 |
1.17 |
1.53 |
1.61 |
Net Debt to NOPAT |
|
3.28 |
2.63 |
2.06 |
1.90 |
1.45 |
0.91 |
0.88 |
0.96 |
1.20 |
1.33 |
Long-Term Debt to NOPAT |
|
2.34 |
1.94 |
1.43 |
1.26 |
0.97 |
0.64 |
0.59 |
0.55 |
0.76 |
0.76 |
Noncontrolling Interest Sharing Ratio |
|
6.66% |
6.35% |
6.24% |
6.17% |
6.18% |
5.35% |
5.02% |
4.50% |
4.06% |
3.66% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
1,862 |
1,528 |
-417 |
-1,808 |
-3,080 |
-3,406 |
-4,623 |
-7,439 |
-2,085 |
464 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
56.41 |
47.73 |
-13.02 |
-54.79 |
-90.59 |
-100.18 |
-135.97 |
-212.54 |
-59.57 |
12.21 |
Operating Cash Flow to Interest Expense |
|
41.82 |
30.69 |
30.09 |
34.88 |
57.94 |
48.97 |
46.00 |
43.37 |
41.66 |
29.58 |
Operating Cash Flow Less CapEx to Interest Expense |
|
41.82 |
30.69 |
30.09 |
34.88 |
57.94 |
48.97 |
46.00 |
43.37 |
41.66 |
29.58 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.19 |
0.21 |
0.22 |
0.24 |
0.25 |
0.25 |
0.25 |
0.25 |
0.26 |
0.25 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
16,442 |
17,475 |
18,739 |
19,659 |
20,191 |
23,145 |
24,427 |
28,050 |
27,069 |
28,783 |
Invested Capital Turnover |
|
0.51 |
0.54 |
0.59 |
0.63 |
0.69 |
0.66 |
0.66 |
0.66 |
0.70 |
0.67 |
Increase / (Decrease) in Invested Capital |
|
-1,866 |
-702 |
1,095 |
2,455 |
3,749 |
5,670 |
5,688 |
8,391 |
2,642 |
733 |
Enterprise Value (EV) |
|
21,474 |
26,620 |
29,971 |
32,820 |
34,651 |
31,060 |
39,405 |
47,654 |
41,269 |
39,710 |
Market Capitalization |
|
16,811 |
22,080 |
25,193 |
27,876 |
29,728 |
26,355 |
34,496 |
42,073 |
36,102 |
34,121 |
Book Value per Share |
|
$29.70 |
$32.66 |
$35.45 |
$37.08 |
$38.63 |
$46.96 |
$49.95 |
$57.02 |
$55.19 |
$59.27 |
Tangible Book Value per Share |
|
$27.52 |
$30.49 |
$33.33 |
$35.00 |
$36.65 |
$45.00 |
$47.85 |
$53.07 |
$51.70 |
$55.75 |
Total Capital |
|
16,442 |
17,475 |
18,739 |
19,659 |
20,191 |
23,145 |
24,427 |
28,050 |
27,069 |
28,783 |
Total Debt |
|
4,638 |
4,554 |
4,740 |
5,016 |
4,950 |
4,790 |
5,070 |
5,776 |
5,524 |
5,742 |
Total Long-Term Debt |
|
2,725 |
2,725 |
2,726 |
2,726 |
2,726 |
2,726 |
2,727 |
2,727 |
2,728 |
2,728 |
Net Debt |
|
3,824 |
3,699 |
3,937 |
4,112 |
4,091 |
3,873 |
4,077 |
4,751 |
4,337 |
4,759 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
-22 |
-36 |
-39 |
-22 |
-54 |
-69 |
-55 |
-36 |
-17 |
-40 |
Net Nonoperating Obligations (NNO) |
|
4,638 |
4,554 |
4,740 |
5,016 |
4,950 |
4,790 |
5,070 |
5,776 |
5,524 |
5,742 |
Total Depreciation and Amortization (D&A) |
|
26 |
26 |
23 |
24 |
24 |
24 |
21 |
27 |
49 |
48 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.02 |
$2.31 |
$1.92 |
$1.79 |
$1.93 |
$6.30 |
$2.99 |
$2.62 |
$1.51 |
$3.30 |
Adjusted Weighted Average Basic Shares Outstanding |
|
365.19M |
368.60M |
367.30M |
368.70M |
369.20M |
368.70M |
370.90M |
373.20M |
372.90M |
372.20M |
Adjusted Diluted Earnings per Share |
|
$0.02 |
$2.26 |
$1.87 |
$1.75 |
$1.88 |
$6.12 |
$2.92 |
$2.56 |
$1.48 |
$3.23 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
373.73M |
377.60M |
377.60M |
378.40M |
379.40M |
378.80M |
380.50M |
382.30M |
381.90M |
379.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
369.87M |
371.20M |
372.42M |
372.95M |
373.17M |
374.15M |
375.49M |
376.24M |
374.75M |
373.22M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-4.20 |
826 |
678 |
647 |
669 |
832 |
1,065 |
952 |
557 |
1,197 |
Normalized NOPAT Margin |
|
-0.18% |
26.90% |
21.74% |
20.71% |
20.17% |
21.42% |
27.04% |
20.59% |
12.08% |
23.53% |
Pre Tax Income Margin |
|
-0.25% |
28.88% |
23.80% |
22.86% |
22.34% |
30.60% |
29.61% |
22.71% |
14.70% |
27.74% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-1.94 |
31.25 |
23.19 |
21.64 |
21.79 |
34.94 |
34.29 |
30.00 |
19.37 |
37.13 |
NOPAT to Interest Expense |
|
-0.13 |
25.81 |
21.19 |
19.61 |
19.68 |
66.59 |
31.32 |
27.20 |
15.91 |
31.50 |
EBIT Less CapEx to Interest Expense |
|
-1.94 |
31.25 |
23.19 |
21.64 |
21.79 |
34.94 |
34.29 |
30.00 |
19.37 |
37.13 |
NOPAT Less CapEx to Interest Expense |
|
-0.13 |
25.81 |
21.19 |
19.61 |
19.68 |
66.59 |
31.32 |
27.20 |
15.91 |
31.50 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
3.14% |
2.70% |
2.00% |
1.77% |
1.35% |
0.90% |
0.83% |
0.77% |
50.74% |
51.23% |
Augmented Payout Ratio |
|
79.38% |
42.24% |
2.00% |
1.77% |
1.35% |
0.90% |
0.83% |
0.77% |
56.59% |
61.49% |
Key Financial Trends
Arch Capital Group (NASDAQ: ACGL) has demonstrated solid financial performance over the last several years, highlighted by steady growth in net income and revenue, supported by strong underwriting results and capital management.
Key Positive Developments:
- Net Income Growth: The company’s consolidated net income increased significantly from approximately $700 million in early 2023 to $1.237 billion in Q2 2025, showing strong profitability improvement.
- Revenue Growth: Total revenue rose from about $3.1 billion in Q1 2023 to approximately $5.09 billion in Q2 2025, indicating growing business scale and underwriting volumes.
- Robust Operating Cash Flow: Net cash from continuing operating activities remains strong, with $1.12 billion generated in Q2 2025, sustaining liquidity and financial flexibility.
- Strong Equity Base: Total common equity increased from $13.16 billion at Q1 2023 to $22.21 billion by Q2 2025, supporting capital adequacy and growth capacity.
- Consistent Dividend Payments: Arch Capital has maintained dividend payments while also repurchasing shares, reflecting confidence in cash flow and commitment to shareholder returns.
- Solid Insurance Reserves: Unearned premiums assets and liabilities have grown steadily, suggesting expanding insurance underwriting activities and a conservative reserve stance.
- Improved Earnings Per Share (EPS): Basic EPS rose from $1.92 in Q1 2023 to $3.3 by Q2 2025, benefiting shareholders with improved profitability per share.
- Effective Investment Gains: Net realized and unrealized capital gains on investments showed strong performance, totaling $708 million in Q2 2025, which supports non-interest income.
Neutral Observations:
- Interest Expense Steady: Long-term debt interest expense remained consistent around $32-$38 million per quarter, indicating stable debt servicing costs.
- Investment Portfolio Movements: Significant purchases and sales of investment securities occur each quarter, reflecting active portfolio management aligned with company strategy.
Potential Challenges or Negative Factors:
- Growth in Non-Interest Expenses: Amortization and other non-interest expenses increased from approximately $556 million in early 2023 to $872 million in Q2 2025, which could pressure margins if not controlled.
- Increase in Claims and Claim Expenses: Claims expense grew from $20 billion in Q4 2022 to $32 billion by Q2 2025, signifying higher insurance payouts that may impact underwriting profitability.
- Negative Accumulated Other Comprehensive Income (AOCI): AOCI remains negative and has fluctuated between -$1.6 billion and -$48 million, showing some exposure to unrealized losses on certain investments or foreign currency impacts.
Summary:
Overall, Arch Capital Group has exhibited consistent growth in profitability, revenues, and shareholder equity, backed by strong operating cash flows and investment income. The company successfully increased earnings and improved EPS over recent quarters. However, increased claims expenses and rising amortization costs could impact future profitability if trends persist. The steady interest expense and robust capital base provide Arch Capital with good financial resilience and capacity to fund further growth or return capital to shareholders.
10/04/25 02:54 PM ETAI Generated. May Contain Errors.