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 |
Net Income / (Loss) Attributable to Common Shareholders |
|
7.00 |
849 |
705 |
661 |
713 |
2,324 |
1,110 |
978 |
564 |
Consolidated Net Income / (Loss) |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
988 |
574 |
Net Income / (Loss) Continuing Operations |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
988 |
574 |
Total Pre-Tax Income |
|
-6.00 |
887 |
742 |
714 |
741 |
1,188 |
1,166 |
1,050 |
678 |
Total Revenue |
|
2,386 |
3,071 |
3,118 |
3,124 |
3,317 |
3,882 |
3,938 |
4,624 |
4,611 |
Net Interest Income / (Expense) |
|
-33 |
-32 |
-32 |
-33 |
-34 |
-34 |
-34 |
-35 |
-35 |
Total Interest Income |
|
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 |
Long-Term Debt Interest Expense |
|
33 |
32 |
32 |
33 |
34 |
34 |
34 |
35 |
35 |
Total Non-Interest Income |
|
2,477 |
2,990 |
3,150 |
3,157 |
3,351 |
3,916 |
3,972 |
4,659 |
4,646 |
Other Service Charges |
|
-11 |
9.00 |
21 |
9.00 |
1.00 |
27 |
26 |
13 |
51 |
Net Realized & Unrealized Capital Gains on Investments |
|
17 |
220 |
246 |
183 |
102 |
545 |
524 |
676 |
407 |
Premiums Earned |
|
2,471 |
2,761 |
2,883 |
2,965 |
3,248 |
3,344 |
3,422 |
3,970 |
4,188 |
Total Non-Interest Expense |
|
2,450 |
2,071 |
2,376 |
2,410 |
2,576 |
2,694 |
2,772 |
3,574 |
3,933 |
Property & Liability Insurance Claims |
|
1,683 |
1,241 |
1,471 |
1,491 |
1,647 |
1,637 |
1,728 |
2,403 |
2,587 |
Other Operating Expenses |
|
293 |
303 |
349 |
334 |
330 |
390 |
416 |
402 |
533 |
Amortization Expense |
|
474 |
527 |
556 |
585 |
599 |
667 |
628 |
769 |
813 |
Income Tax Expense |
|
-15 |
61 |
64 |
67 |
72 |
-1,076 |
101 |
98 |
121 |
Other Gains / (Losses), net |
|
9.00 |
36 |
39 |
22 |
54 |
69 |
55 |
36 |
17 |
Preferred Stock Dividends Declared |
|
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 |
$2.62 |
$1.51 |
Weighted Average Basic Shares Outstanding |
|
365.20M |
368.60M |
367.30M |
368.70M |
369.20M |
368.70M |
370.90M |
373.20M |
372.90M |
Diluted Earnings per Share |
|
$0.02 |
$2.26 |
$1.87 |
$1.75 |
$1.88 |
$6.12 |
$2.92 |
$2.56 |
$1.48 |
Weighted Average Diluted Shares Outstanding |
|
373.70M |
377.60M |
377.60M |
378.40M |
379.40M |
378.80M |
380.50M |
382.30M |
381.90M |
Weighted Average Basic & Diluted Shares Outstanding |
|
369.87M |
371.20M |
372.42M |
372.95M |
373.17M |
374.15M |
375.49M |
376.24M |
374.75M |
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
68 |
288 |
-242 |
329 |
179 |
387 |
24 |
-41 |
225 |
262 |
Net Cash From Operating Activities |
|
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 |
|
998 |
1,377 |
1,095 |
1,559 |
2,048 |
2,887 |
3,425 |
3,816 |
5,749 |
6,673 |
Net Income / (Loss) Continuing Operations |
|
527 |
824 |
630 |
728 |
1,693 |
1,466 |
2,239 |
1,482 |
4,442 |
4,312 |
Consolidated Net Income / (Loss) |
|
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 |
|
230 |
-86 |
-179 |
345 |
-326 |
-821 |
-803 |
893 |
60 |
-540 |
Changes in Operating Assets and Liabilities, net |
|
218 |
620 |
519 |
381 |
599 |
2,173 |
1,907 |
1,335 |
1,152 |
2,666 |
Net Cash From Investing Activities |
|
-914 |
-2,703 |
-1,352 |
-554 |
-1,806 |
-3,043 |
-2,138 |
-3,101 |
-5,468 |
-4,461 |
Net Cash From Continuing Investing Activities |
|
-914 |
-2,703 |
-1,352 |
-554 |
-1,806 |
-3,043 |
-2,138 |
-3,101 |
-5,468 |
-4,461 |
Purchase of Investment Securities |
|
-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 |
|
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 |
|
-4.66 |
1,636 |
-3.41 |
-989 |
-81 |
521 |
-1,229 |
-706 |
-69 |
-1,925 |
Net Cash From Continuing Financing Activities |
|
-4.66 |
1,636 |
-3.41 |
-657 |
-81 |
521 |
-1,229 |
-706 |
-69 |
-1,925 |
Issuance of Common Equity |
|
4.86 |
- |
- |
0.00 |
6.20 |
1.88 |
6.00 |
6.00 |
-2.00 |
7.00 |
Repurchase of Common Equity |
|
-365 |
-78 |
-21 |
0.00 |
-2.87 |
-83 |
-1,234 |
-586 |
0.00 |
-24 |
Payment of Dividends |
|
-40 |
-46 |
-64 |
-18 |
-54 |
-47 |
-49 |
-40 |
-40 |
-1,906 |
Other Financing Activities, Net |
|
-42 |
4.13 |
-52 |
0.00 |
-81 |
71 |
12 |
-86 |
-27 |
-2.00 |
Effect of Exchange Rate Changes |
|
-12 |
-21 |
18 |
-19 |
18 |
22 |
-34 |
-50 |
13 |
-25 |
Cash Interest Paid |
|
53 |
63 |
117 |
120 |
127 |
133 |
139 |
128 |
127 |
127 |
Cash Income Taxes Paid |
|
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 |
Net Change in Cash & Equivalents |
|
30 |
15 |
-58 |
138 |
2.00 |
143 |
102 |
27 |
225 |
Net Cash From Operating Activities |
|
1,380 |
982 |
963 |
1,151 |
1,970 |
1,665 |
1,564 |
1,518 |
1,458 |
Net Cash From Continuing Operating Activities |
|
1,380 |
982 |
963 |
1,151 |
1,970 |
1,665 |
1,564 |
1,518 |
1,458 |
Net Income / (Loss) Continuing Operations |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
1,269 |
574 |
Consolidated Net Income / (Loss) |
|
18 |
862 |
717 |
669 |
723 |
2,333 |
1,120 |
1,269 |
574 |
Amortization Expense |
|
26 |
26 |
23 |
24 |
24 |
24 |
21 |
27 |
49 |
Non-Cash Adjustments to Reconcile Net Income |
|
264 |
-36 |
-42 |
161 |
217 |
-276 |
-96 |
-190 |
56 |
Changes in Operating Assets and Liabilities, net |
|
1,072 |
130 |
265 |
297 |
1,006 |
-416 |
519 |
412 |
779 |
Net Cash From Investing Activities |
|
-1,291 |
-995 |
-996 |
-1,005 |
-1,935 |
-1,532 |
-1,409 |
-1,509 |
-1,008 |
Net Cash From Continuing Investing Activities |
|
-1,291 |
-995 |
-996 |
-1,005 |
-1,935 |
-1,532 |
-1,409 |
-1,509 |
-1,008 |
Purchase of Investment Securities |
|
-4,068 |
-3,142 |
-4,381 |
-5,100 |
-5,260 |
-6,646 |
-9,338 |
-6,844 |
-10,839 |
Sale and/or Maturity of Investments |
|
2,777 |
2,147 |
3,385 |
4,095 |
3,325 |
5,114 |
7,929 |
5,335 |
9,831 |
Net Cash From Financing Activities |
|
-22 |
-2.00 |
-30 |
-15 |
-7.00 |
-17 |
-42 |
14 |
-241 |
Net Cash From Continuing Financing Activities |
|
-22 |
-2.00 |
-30 |
-15 |
-7.00 |
-17 |
-42 |
14 |
-241 |
Issuance of Common Equity |
|
1.00 |
9.00 |
-18 |
18 |
5.00 |
-7.00 |
-32 |
24 |
-28 |
Repurchase of Common Equity |
|
-10 |
- |
- |
- |
- |
- |
- |
- |
-196 |
Payment of Dividends |
|
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-10 |
-15 |
Other Financing Activities, Net |
|
-3.00 |
-1.00 |
-2.00 |
-23 |
-2.00 |
- |
0.00 |
- |
-2.00 |
Effect of Exchange Rate Changes |
|
-37 |
30 |
5.00 |
7.00 |
-26 |
27 |
-11 |
4.00 |
16 |
Cash Interest Paid |
|
- |
- |
0.00 |
63 |
- |
64 |
0.00 |
63 |
0.00 |
Cash Income Taxes Paid |
|
- |
- |
4.00 |
69 |
54 |
140 |
-6.00 |
151 |
18 |
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
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 |
|
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 |
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 |
16,322 |
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 |
12,748 |
Total Liabilities & Shareholders' Equity |
|
10,053 |
11,144 |
32,052 |
32,218 |
37,885 |
43,282 |
45,101 |
47,990 |
58,906 |
70,906 |
Total Liabilities |
|
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 |
|
9,125 |
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 |
Redeemable Noncontrolling Interest |
|
205 |
206 |
206 |
206 |
55 |
59 |
9.23 |
11 |
2.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
6,905 |
9,106 |
10,040 |
10,231 |
12,260 |
13,929 |
13,546 |
12,910 |
18,353 |
20,820 |
Total Preferred & Common Equity |
|
6,167 |
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 |
|
-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) |
|
-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 |
Total Assets |
|
46,337 |
47,990 |
51,103 |
53,856 |
55,227 |
58,906 |
62,768 |
73,656 |
70,906 |
75,176 |
Cash and Due from Banks |
|
814 |
855 |
803 |
904 |
859 |
917 |
993 |
1,025 |
979 |
1,187 |
Trading Account Securities |
|
24,437 |
25,649 |
27,000 |
28,120 |
29,312 |
31,368 |
32,332 |
38,642 |
37,474 |
39,233 |
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 |
Accrued Investment Income |
|
116 |
159 |
163 |
233 |
217 |
236 |
236 |
292 |
298 |
267 |
Unearned Premiums Asset |
|
12,051 |
5,424 |
6,629 |
14,472 |
7,381 |
13,878 |
8,482 |
17,247 |
16,322 |
9,502 |
Deferred Acquisition Cost |
|
1,123 |
1,264 |
1,355 |
1,452 |
1,483 |
1,531 |
1,625 |
1,744 |
1,734 |
1,785 |
Intangible Assets |
|
807 |
804 |
785 |
775 |
739 |
731 |
778 |
1,486 |
1,351 |
1,308 |
Other Assets |
|
6,989 |
13,835 |
14,368 |
7,900 |
15,236 |
10,245 |
18,322 |
13,220 |
12,748 |
21,894 |
Total Liabilities & Shareholders' Equity |
|
46,337 |
47,990 |
51,103 |
53,856 |
55,227 |
58,906 |
62,768 |
73,656 |
70,906 |
75,176 |
Total Liabilities |
|
34,533 |
35,069 |
37,104 |
39,213 |
39,986 |
40,551 |
43,411 |
51,382 |
50,086 |
53,631 |
Short-Term Debt |
|
1,913 |
1,829 |
2,014 |
2,290 |
2,224 |
2,064 |
2,343 |
3,049 |
2,346 |
2,796 |
Long-Term Debt |
|
2,725 |
2,725 |
2,726 |
2,726 |
2,726 |
2,726 |
2,727 |
2,727 |
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 |
Unearned Premiums Liability |
|
7,271 |
7,337 |
8,218 |
9,052 |
9,074 |
8,808 |
9,971 |
11,238 |
10,218 |
11,090 |
Other Long-Term Liabilities |
|
3,081 |
3,146 |
3,388 |
3,877 |
4,126 |
4,201 |
4,665 |
5,689 |
5,425 |
6,071 |
Commitments & Contingencies |
|
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 |
Total Preferred & Common Equity |
|
11,795 |
12,910 |
13,988 |
14,641 |
15,239 |
18,353 |
19,355 |
22,274 |
20,820 |
21,545 |
Preferred Stock |
|
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 |
Common Stock |
|
2,187 |
2,212 |
2,261 |
2,279 |
2,298 |
2,328 |
2,402 |
2,466 |
2,511 |
2,589 |
Retained Earnings |
|
15,043 |
15,892 |
16,597 |
17,258 |
17,971 |
20,295 |
21,405 |
23,642 |
22,686 |
23,250 |
Treasury Stock |
|
-4,373 |
-4,378 |
-4,403 |
-4,407 |
-4,407 |
-4,424 |
-4,461 |
-4,464 |
-4,487 |
-4,716 |
Accumulated Other Comprehensive Income / (Loss) |
|
-1,892 |
-1,646 |
-1,297 |
-1,319 |
-1,453 |
-676 |
-821 |
-200 |
-720 |
-408 |
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 |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-1.74% |
12.06% |
21.66% |
0.10% |
25.65% |
22.06% |
10.49% |
4.74% |
40.24% |
29.26% |
EBITDA Growth |
|
-60.70% |
48.26% |
0.93% |
7.29% |
103.60% |
-15.51% |
34.06% |
-27.09% |
118.46% |
35.32% |
EBIT Growth |
|
-32.82% |
50.84% |
-11.49% |
11.16% |
119.40% |
-15.49% |
34.74% |
-29.29% |
127.64% |
32.17% |
NOPAT Growth |
|
-35.88% |
56.51% |
-23.60% |
15.58% |
132.35% |
-14.32% |
36.31% |
-28.76% |
202.63% |
-3.43% |
Net Income Growth |
|
-35.88% |
56.51% |
-23.60% |
15.58% |
132.65% |
-13.44% |
52.76% |
-33.81% |
199.73% |
-2.93% |
EPS Growth |
|
-32.06% |
56.51% |
-23.60% |
27.21% |
123.70% |
-14.21% |
57.53% |
-27.34% |
205.79% |
-3.70% |
Operating Cash Flow Growth |
|
-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 |
|
181.16% |
-377.31% |
-283.74% |
121.86% |
-133.91% |
-127.68% |
438.57% |
-30.11% |
-166.97% |
196.53% |
Invested Capital Growth |
|
0.43% |
30.95% |
63.49% |
-2.80% |
14.07% |
13.86% |
-5.42% |
-3.86% |
32.45% |
11.88% |
Revenue Q/Q Growth |
|
-3.60% |
2.71% |
7.02% |
-0.28% |
4.80% |
7.92% |
0.18% |
8.97% |
6.42% |
0.00% |
EBITDA Q/Q Growth |
|
-58.61% |
-41.82% |
29.72% |
-15.44% |
14.36% |
20.95% |
0.33% |
30.97% |
5.65% |
0.00% |
EBIT Q/Q Growth |
|
-23.39% |
5.40% |
30.13% |
-16.58% |
15.41% |
22.34% |
-0.27% |
34.68% |
5.88% |
0.00% |
NOPAT Q/Q Growth |
|
-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 |
|
-25.38% |
8.93% |
20.29% |
-16.66% |
17.85% |
24.30% |
1.08% |
19.21% |
49.51% |
0.00% |
EPS Q/Q Growth |
|
-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 |
|
-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 |
|
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 |
|
-32.45% |
-20.46% |
-1.74% |
-1.68% |
1.10% |
1.62% |
-0.72% |
6.28% |
14.63% |
0.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
14.91% |
19.73% |
16.37% |
17.55% |
28.43% |
19.68% |
23.88% |
16.62% |
25.89% |
27.10% |
EBIT Margin |
|
14.33% |
19.30% |
14.04% |
15.59% |
27.22% |
18.85% |
22.98% |
15.52% |
25.18% |
25.75% |
Profit (Net Income) Margin |
|
13.31% |
18.59% |
11.67% |
13.48% |
24.96% |
17.70% |
24.47% |
15.46% |
33.05% |
24.82% |
Tax Burden Percent |
|
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% |
Effective Tax Rate |
|
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) |
|
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) |
|
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) |
|
0.12% |
0.00% |
1.31% |
2.19% |
4.21% |
3.12% |
5.70% |
3.30% |
7.44% |
5.24% |
Return on Equity (ROE) |
|
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) |
|
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) |
|
2.51% |
3.26% |
2.47% |
2.62% |
5.27% |
3.85% |
4.76% |
3.19% |
6.33% |
6.89% |
Return on Assets (ROA) |
|
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) |
|
0.06% |
0.00% |
2.54% |
5.61% |
5.80% |
5.31% |
14.78% |
10.48% |
26.89% |
21.08% |
Return on Equity Simple (ROE_SIMPLE) |
|
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) |
|
527 |
824 |
630 |
728 |
1,691 |
1,449 |
1,975 |
1,407 |
4,258 |
4,112 |
NOPAT Margin |
|
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% |
-0.05% |
-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% |
Operating Expenses to Revenue |
|
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) |
|
567 |
856 |
757 |
842 |
1,847 |
1,561 |
2,103 |
1,487 |
3,385 |
4,474 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
590 |
875 |
883 |
947 |
1,929 |
1,630 |
2,185 |
1,593 |
3,480 |
4,709 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
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) |
|
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) |
|
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) |
|
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% |
5.41% |
Earnings Yield |
|
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) |
|
1.26 |
1.16 |
1.23 |
1.10 |
1.31 |
1.07 |
1.20 |
1.52 |
1.34 |
1.53 |
Enterprise Value to Revenue (EV/Rev) |
|
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) |
|
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) |
|
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) |
|
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) |
|
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) |
|
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 |
0.49 |
0.42 |
0.37 |
0.37 |
0.34 |
0.35 |
0.26 |
0.24 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.17 |
0.17 |
0.15 |
0.20 |
0.20 |
0.21 |
0.15 |
0.13 |
Financial Leverage |
|
0.02 |
0.00 |
0.25 |
0.45 |
0.39 |
0.37 |
0.36 |
0.35 |
0.30 |
0.25 |
Leverage Ratio |
|
3.23 |
3.20 |
3.14 |
3.11 |
3.08 |
3.09 |
3.21 |
3.52 |
3.42 |
3.31 |
Compound Leverage Factor |
|
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% |
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% |
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% |
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% |
8.95% |
5.27% |
0.00% |
4.06% |
4.57% |
4.75% |
3.59% |
3.21% |
Noncontrolling Interests to Total Capital |
|
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 |
|
-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 |
5.64 |
4.60 |
2.37 |
3.21 |
2.12 |
2.86 |
1.38 |
1.08 |
Net Debt to EBITDA |
|
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 |
1.96 |
1.83 |
0.97 |
1.76 |
1.25 |
1.71 |
0.78 |
0.58 |
Debt to NOPAT |
|
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 |
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 |
2.75 |
2.38 |
1.11 |
1.97 |
1.38 |
1.94 |
0.64 |
0.66 |
Noncontrolling Interest Sharing Ratio |
|
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) |
|
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% |
5,231.04% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
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 |
|
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 |
|
21.75 |
20.79 |
9.32 |
12.69 |
16.95 |
20.12 |
24.64 |
29.13 |
43.23 |
47.33 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.18 |
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 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
7,111 |
9,311 |
15,223 |
14,796 |
16,879 |
19,219 |
18,177 |
17,475 |
23,145 |
25,894 |
Invested Capital Turnover |
|
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 |
|
30 |
2,201 |
5,911 |
-427 |
2,082 |
2,340 |
-1,042 |
-702 |
5,670 |
2,749 |
Enterprise Value (EV) |
|
8,932 |
10,802 |
18,661 |
16,304 |
22,039 |
20,632 |
21,766 |
26,620 |
31,060 |
39,671 |
Market Capitalization |
|
8,541 |
10,587 |
11,879 |
10,814 |
17,384 |
14,645 |
17,164 |
22,080 |
26,355 |
34,746 |
Book Value per Share |
|
($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 |
|
($0.13) |
($0.93) |
$54.88 |
$19.83 |
($1.30) |
$28.65 |
$30.48 |
$30.49 |
$45.00 |
$49.54 |
Total Capital |
|
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 |
4,977 |
4,358 |
4,563 |
5,231 |
4,621 |
4,554 |
4,790 |
5,074 |
Total Long-Term Debt |
|
0.00 |
0.00 |
1,733 |
1,734 |
1,872 |
2,861 |
2,724 |
2,725 |
2,726 |
2,728 |
Net Debt |
|
-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 |
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 |
-2.23 |
-17 |
-264 |
-75 |
-184 |
-200 |
Net Nonoperating Obligations (NNO) |
|
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) |
|
23 |
19 |
126 |
106 |
82 |
69 |
82 |
106 |
95 |
235 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$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 |
|
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 |
|
$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 |
|
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 |
$3.97 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
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) |
|
527 |
824 |
630 |
728 |
1,691 |
1,449 |
1,975 |
1,407 |
2,370 |
4,112 |
Normalized NOPAT Margin |
|
13.31% |
18.59% |
11.67% |
13.48% |
24.93% |
17.50% |
21.58% |
14.68% |
17.63% |
23.67% |
Pre Tax Income Margin |
|
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 |
|
12.36 |
12.91 |
6.45 |
6.99 |
15.28 |
10.88 |
15.13 |
11.35 |
25.45 |
31.73 |
NOPAT to Interest Expense |
|
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 |
|
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 |
|
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 |
|
7.64% |
5.59% |
10.17% |
2.47% |
3.20% |
3.18% |
2.19% |
2.70% |
0.90% |
44.20% |
Augmented Payout Ratio |
|
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 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
13.40% |
34.58% |
62.99% |
41.10% |
39.02% |
26.41% |
26.30% |
48.02% |
17.09% |
EBITDA Growth |
|
-111.82% |
58.02% |
260.85% |
87.79% |
2,113.16% |
18.13% |
55.16% |
45.94% |
-38.75% |
EBIT Growth |
|
-121.23% |
62.05% |
301.08% |
95.08% |
1,257.81% |
18.80% |
57.14% |
47.06% |
-41.85% |
NOPAT Growth |
|
-101.41% |
41.62% |
291.91% |
62.16% |
16,028.57% |
174.09% |
57.08% |
47.14% |
-47.70% |
Net Income Growth |
|
-95.73% |
38.32% |
262.12% |
65.59% |
3,916.67% |
170.65% |
56.21% |
47.68% |
-48.75% |
EPS Growth |
|
-97.96% |
43.95% |
289.58% |
68.27% |
9,300.00% |
170.80% |
56.15% |
46.29% |
-49.32% |
Operating Cash Flow Growth |
|
35.96% |
23.14% |
74.46% |
27.61% |
42.75% |
69.55% |
62.41% |
31.89% |
-6.78% |
Free Cash Flow Firm Growth |
|
106.31% |
-6.02% |
-122.06% |
-149.54% |
-265.44% |
-322.98% |
-1,009.63% |
-311.46% |
54.90% |
Invested Capital Growth |
|
-10.19% |
-3.86% |
6.20% |
14.27% |
22.80% |
32.45% |
30.35% |
42.68% |
10.82% |
Revenue Q/Q Growth |
|
7.77% |
28.71% |
1.53% |
0.19% |
6.18% |
17.03% |
1.44% |
17.42% |
0.00% |
EBITDA Q/Q Growth |
|
-109.67% |
2,800.00% |
-25.44% |
-3.53% |
3.66% |
58.43% |
-2.06% |
-9.27% |
0.00% |
EBIT Q/Q Growth |
|
-117.49% |
1,662.50% |
-25.80% |
-3.77% |
3.78% |
60.32% |
-1.85% |
-9.95% |
0.00% |
NOPAT Q/Q Growth |
|
-101.05% |
19,766.67% |
-17.92% |
-4.57% |
3.40% |
238.42% |
-52.96% |
-10.61% |
0.00% |
Net Income Q/Q Growth |
|
-95.54% |
4,688.89% |
-16.82% |
-6.69% |
8.07% |
222.68% |
-51.99% |
-11.79% |
0.00% |
EPS Q/Q Growth |
|
-98.08% |
11,200.00% |
-17.26% |
-6.42% |
7.43% |
225.53% |
-52.29% |
-12.33% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
52.99% |
-28.84% |
-1.93% |
19.52% |
71.16% |
-15.48% |
-6.07% |
-2.94% |
0.00% |
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% |
Invested Capital Q/Q Growth |
|
-4.43% |
6.28% |
7.23% |
4.91% |
2.71% |
14.63% |
5.54% |
14.83% |
0.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-1.59% |
33.41% |
24.54% |
23.62% |
23.06% |
31.22% |
30.14% |
23.29% |
15.77% |
EBIT Margin |
|
-2.68% |
32.56% |
23.80% |
22.86% |
22.34% |
30.60% |
29.61% |
22.71% |
14.70% |
Profit (Net Income) Margin |
|
0.75% |
28.07% |
23.00% |
21.41% |
21.80% |
60.10% |
28.44% |
21.37% |
12.45% |
Tax Burden Percent |
|
-300.00% |
97.18% |
96.63% |
93.70% |
97.57% |
196.38% |
96.05% |
94.10% |
84.66% |
Interest Burden Percent |
|
9.38% |
88.70% |
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% |
Return on Invested Capital (ROIC) |
|
-0.09% |
14.46% |
12.90% |
13.15% |
13.91% |
38.60% |
17.87% |
13.60% |
8.47% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.38% |
15.25% |
13.72% |
13.59% |
15.03% |
40.07% |
18.99% |
14.27% |
8.79% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.14% |
5.28% |
4.82% |
4.92% |
5.33% |
11.97% |
5.59% |
4.17% |
2.28% |
Return on Equity (ROE) |
|
0.05% |
19.74% |
17.71% |
18.06% |
19.24% |
50.57% |
23.45% |
17.77% |
10.74% |
Cash Return on Invested Capital (CROIC) |
|
17.44% |
11.83% |
4.49% |
-1.60% |
-5.07% |
-6.95% |
-4.83% |
-14.43% |
3.74% |
Operating Return on Assets (OROA) |
|
-0.52% |
6.70% |
5.31% |
5.37% |
5.56% |
7.70% |
7.42% |
5.61% |
3.85% |
Return on Assets (ROA) |
|
0.15% |
5.78% |
5.13% |
5.03% |
5.42% |
15.11% |
7.12% |
5.28% |
3.26% |
Return on Common Equity (ROCE) |
|
0.05% |
18.49% |
16.61% |
16.95% |
18.05% |
47.86% |
22.28% |
16.97% |
10.31% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.54% |
0.00% |
14.31% |
15.48% |
19.50% |
0.00% |
25.03% |
23.18% |
17.48% |
Net Operating Profit after Tax (NOPAT) |
|
-4.20 |
826 |
678 |
647 |
669 |
2,264 |
1,065 |
952 |
557 |
NOPAT Margin |
|
-0.18% |
26.90% |
21.74% |
20.71% |
20.17% |
58.32% |
27.04% |
20.59% |
12.08% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.47% |
-0.78% |
-0.83% |
-0.45% |
-1.13% |
-1.48% |
-1.12% |
-0.67% |
-0.32% |
SG&A Expenses to Revenue |
|
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% |
Earnings before Interest and Taxes (EBIT) |
|
-64 |
1,000 |
742 |
714 |
741 |
1,188 |
1,166 |
1,050 |
678 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-38 |
1,026 |
765 |
738 |
765 |
1,212 |
1,187 |
1,077 |
727 |
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 |
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 |
Price to Revenue (P/Rev) |
|
1.91 |
2.30 |
2.34 |
2.38 |
2.35 |
1.96 |
2.42 |
2.67 |
2.00 |
Price to Earnings (P/E) |
|
14.00 |
15.38 |
12.89 |
12.55 |
10.15 |
5.99 |
7.17 |
8.21 |
9.69 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
5.20% |
Earnings Yield |
|
7.14% |
6.50% |
7.76% |
7.97% |
9.85% |
16.71% |
13.94% |
12.18% |
10.32% |
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 |
Enterprise Value to Revenue (EV/Rev) |
|
2.44 |
2.78 |
2.78 |
2.81 |
2.74 |
2.31 |
2.76 |
3.02 |
2.29 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
17.66 |
16.71 |
13.97 |
13.18 |
10.52 |
8.93 |
10.10 |
11.24 |
9.71 |
Enterprise Value to EBIT (EV/EBIT) |
|
19.45 |
17.90 |
14.66 |
13.72 |
10.84 |
9.18 |
10.35 |
11.50 |
10.35 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
18.44 |
18.92 |
15.68 |
15.19 |
12.29 |
7.29 |
8.48 |
9.63 |
11.45 |
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 |
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 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.39 |
0.35 |
0.34 |
0.34 |
0.32 |
0.26 |
0.26 |
0.26 |
0.26 |
Long-Term Debt to Equity |
|
0.23 |
0.21 |
0.19 |
0.19 |
0.18 |
0.15 |
0.14 |
0.12 |
0.13 |
Financial Leverage |
|
0.38 |
0.35 |
0.35 |
0.36 |
0.35 |
0.30 |
0.29 |
0.29 |
0.26 |
Leverage Ratio |
|
3.62 |
3.52 |
3.59 |
3.68 |
3.76 |
3.42 |
3.41 |
3.45 |
3.37 |
Compound Leverage Factor |
|
0.34 |
3.12 |
3.59 |
3.68 |
3.76 |
3.42 |
3.41 |
3.45 |
3.37 |
Debt to Total Capital |
|
28.21% |
26.06% |
25.29% |
25.52% |
24.52% |
20.70% |
20.76% |
20.59% |
20.41% |
Short-Term Debt to Total Capital |
|
11.63% |
10.47% |
10.75% |
11.65% |
11.01% |
8.92% |
9.59% |
10.87% |
10.33% |
Long-Term Debt to Total Capital |
|
16.57% |
15.59% |
14.55% |
13.87% |
13.50% |
11.78% |
11.16% |
9.72% |
10.08% |
Preferred Equity to Total Capital |
|
5.05% |
4.75% |
4.43% |
4.22% |
4.11% |
3.59% |
3.40% |
2.96% |
3.07% |
Noncontrolling Interests to Total Capital |
|
0.05% |
0.06% |
0.06% |
0.01% |
0.01% |
0.01% |
0.01% |
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% |
Debt to EBITDA |
|
3.81 |
2.86 |
2.21 |
2.01 |
1.50 |
1.38 |
1.30 |
1.36 |
1.30 |
Net Debt to EBITDA |
|
3.14 |
2.32 |
1.83 |
1.65 |
1.24 |
1.11 |
1.04 |
1.12 |
1.02 |
Long-Term Debt to EBITDA |
|
2.24 |
1.71 |
1.27 |
1.09 |
0.83 |
0.78 |
0.70 |
0.64 |
0.64 |
Debt to NOPAT |
|
3.98 |
3.24 |
2.48 |
2.32 |
1.76 |
1.12 |
1.09 |
1.17 |
1.53 |
Net Debt to NOPAT |
|
3.28 |
2.63 |
2.06 |
1.90 |
1.45 |
0.91 |
0.88 |
0.96 |
1.20 |
Long-Term Debt to NOPAT |
|
2.34 |
1.94 |
1.43 |
1.26 |
0.97 |
0.64 |
0.59 |
0.55 |
0.76 |
Noncontrolling Interest Sharing Ratio |
|
6.66% |
6.35% |
6.24% |
6.17% |
6.18% |
5.35% |
5.02% |
4.50% |
4.06% |
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 |
Operating Cash Flow to CapEx |
|
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 |
Operating Cash Flow to Interest Expense |
|
41.82 |
30.69 |
30.09 |
34.88 |
57.94 |
48.97 |
46.00 |
43.37 |
41.66 |
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 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.19 |
0.21 |
0.22 |
0.24 |
0.25 |
0.25 |
0.25 |
0.25 |
0.26 |
Fixed Asset Turnover |
|
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 |
Invested Capital Turnover |
|
0.51 |
0.54 |
0.59 |
0.63 |
0.69 |
0.66 |
0.66 |
0.66 |
0.70 |
Increase / (Decrease) in Invested Capital |
|
-1,866 |
-702 |
1,095 |
2,455 |
3,749 |
5,670 |
5,688 |
8,391 |
2,642 |
Enterprise Value (EV) |
|
21,474 |
26,620 |
29,971 |
32,820 |
34,651 |
31,060 |
39,405 |
47,654 |
41,269 |
Market Capitalization |
|
16,811 |
22,080 |
25,193 |
27,876 |
29,728 |
26,355 |
34,496 |
42,073 |
36,102 |
Book Value per Share |
|
$29.70 |
$32.66 |
$35.45 |
$37.08 |
$38.63 |
$46.96 |
$49.95 |
$57.02 |
$55.19 |
Tangible Book Value per Share |
|
$27.52 |
$30.49 |
$33.33 |
$35.00 |
$36.65 |
$45.00 |
$47.85 |
$53.07 |
$51.70 |
Total Capital |
|
16,442 |
17,475 |
18,739 |
19,659 |
20,191 |
23,145 |
24,427 |
28,050 |
27,069 |
Total Debt |
|
4,638 |
4,554 |
4,740 |
5,016 |
4,950 |
4,790 |
5,070 |
5,776 |
5,524 |
Total Long-Term Debt |
|
2,725 |
2,725 |
2,726 |
2,726 |
2,726 |
2,726 |
2,727 |
2,727 |
2,728 |
Net Debt |
|
3,824 |
3,699 |
3,937 |
4,112 |
4,091 |
3,873 |
4,077 |
4,751 |
4,337 |
Capital Expenditures (CapEx) |
|
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 |
Net Nonoperating Obligations (NNO) |
|
4,638 |
4,554 |
4,740 |
5,016 |
4,950 |
4,790 |
5,070 |
5,776 |
5,524 |
Total Depreciation and Amortization (D&A) |
|
26 |
26 |
23 |
24 |
24 |
24 |
21 |
27 |
49 |
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 |
Adjusted Weighted Average Basic Shares Outstanding |
|
365.19M |
368.60M |
367.30M |
368.70M |
369.20M |
368.70M |
370.90M |
373.20M |
372.90M |
Adjusted Diluted Earnings per Share |
|
$0.02 |
$2.26 |
$1.87 |
$1.75 |
$1.88 |
$6.12 |
$2.92 |
$2.56 |
$1.48 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
373.73M |
377.60M |
377.60M |
378.40M |
379.40M |
378.80M |
380.50M |
382.30M |
381.90M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
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 |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-4.20 |
826 |
678 |
647 |
669 |
832 |
1,065 |
952 |
557 |
Normalized NOPAT Margin |
|
-0.18% |
26.90% |
21.74% |
20.71% |
20.17% |
21.42% |
27.04% |
20.59% |
12.08% |
Pre Tax Income Margin |
|
-0.25% |
28.88% |
23.80% |
22.86% |
22.34% |
30.60% |
29.61% |
22.71% |
14.70% |
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 |
NOPAT to Interest Expense |
|
-0.13 |
25.81 |
21.19 |
19.61 |
19.68 |
66.59 |
31.32 |
27.20 |
15.91 |
EBIT Less CapEx to Interest Expense |
|
-1.94 |
31.25 |
23.19 |
21.64 |
21.79 |
34.94 |
34.29 |
30.00 |
19.37 |
NOPAT Less CapEx to Interest Expense |
|
-0.13 |
25.81 |
21.19 |
19.61 |
19.68 |
66.59 |
31.32 |
27.20 |
15.91 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
3.14% |
2.70% |
2.00% |
1.77% |
1.35% |
0.90% |
0.83% |
0.77% |
50.74% |
Augmented Payout Ratio |
|
79.38% |
42.24% |
2.00% |
1.77% |
1.35% |
0.90% |
0.83% |
0.77% |
56.59% |
Key Financial Trends
Arch Capital Group (NASDAQ: ACGL) demonstrates steady financial performance over the past four years, with several key trends evident in its income statements, balance sheets, and cash flow statements.
Positive Highlights:
- Consistent growth in total revenues from approximately $3.07 billion in Q4 2022 to $4.61 billion in Q1 2025, reflecting expanding business operations.
- Substantial net realized & unrealized capital gains on investments, increasing from $220 million in Q4 2022 to $407 million in Q1 2025, positively boosting non-interest income.
- Premiums earned have consistently increased each year, from $2.76 billion in Q4 2022 to $4.19 billion in Q1 2025, signaling growth in insurance underwriting.
- Net income attributable to common shareholders rose from $849 million in Q4 2022 to $564 million in Q1 2025, keeping strong profit levels even during the latest quarter.
- Operating cash flows have remained robust, with net cash from continuing operating activities being $1.46 billion in Q1 2025, reflecting good liquidity and operational efficiency.
- Total assets expanded from $47.99 billion in Q4 2022 to $75.18 billion in Q1 2025, indicating growth in company scale and capacity.
- Common equity increased from approximately $12.08 billion in Q4 2022 to $20.7 billion in Q1 2025, strengthening the company’s capital base.
- Consistent dividend payments and a disciplined approach to share repurchases, totaling $196 million repurchased in Q1 2025, returning value to shareholders.
Neutral Factors:
- Long-term debt levels remained stable near $2.7 billion across periods, suggesting consistent debt management with no significant increase or decrease.
- Amortization expenses rose from $527 million in Q4 2022 to $813 million in Q1 2025, reflecting higher intangible asset amortization but within reasonable ranges for growth companies.
Negative Aspects:
- Net interest expense consistently recorded as a negative $33-$35 million per quarter, reflecting ongoing interest costs with no interest income reported.
- Property and liability insurance claims expenses have increased substantially, from $1.24 billion in Q4 2022 to $2.59 billion in Q1 2025, which could pressure underwriting margins.
- Other operating expenses increased somewhat, indicating rising costs which may impact profitability if not controlled.
- Net cash used in investing activities has been consistently negative, reflecting high investment outflows, e.g., $1.01 billion in Q1 2025, possibly impacting free cash flow availability.
- Accumulated other comprehensive income/loss shows a growing negative balance (e.g., -$1.89 billion in Q4 2022 to -$408 million in Q1 2025), reflecting some unrealized losses or currency effects.
In summary, Arch Capital Group exhibits strong revenue and earnings growth, fueled by rising premiums and investment gains. The company maintains healthy liquidity and capital strength, supported by positive operating cash flows and equity growth. However, rising claims costs and consistent interest expense should be monitored closely as potential constraints to earnings expansion. Investors should watch future quarters for trends in underwriting expenses and investment cash flows to assess ongoing financial health.
08/05/25 03:59 AMAI Generated. May Contain Errors.