Arch Capital Group (ACGLO) Financials

$21.73 -0.13 (-0.59%)

As of 02:40 PM Eastern

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.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	812	516	665	567	714	1,595	1,364	2,094	1,436	4,403	4,272
Consolidated Net Income / (Loss)	821	527	824	630	728	1,693	1,466	2,239	1,482	4,442	4,312
Net Income / (Loss) Continuing Operations	821	527	824	630	728	1,691	1,466	2,239	1,482	4,442	4,312
Total Pre-Tax Income	844	567	856	757	842	1,847	1,561	2,103	1,487	3,385	4,474
Total Revenue	4,027	3,957	4,434	5,394	5,399	6,784	8,281	9,150	9,584	13,441	17,374
Net Interest Income / (Expense)	-46	-46	-66	-117	-120	-121	-143	-139	-131	-133	-141
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	46	46	66	117	120	121	143	139	131	133	141
Long-Term Debt Interest Expense	46	46	66	117	120	121	143	139	131	133	141
Total Non-Interest Income	4,073	4,003	4,500	5,512	5,520	6,905	8,425	9,289	9,715	13,574	17,515
Other Service Charges	-0.11	35	56	28	17	25	27	31	-14	58	68
Net Realized & Unrealized Capital Gains on Investments	479	234	559	639	271	1,094	1,406	1,176	50	1,076	2,347
Premiums Earned	3,594	3,734	3,885	4,845	5,232	5,786	6,992	8,082	9,679	12,440	15,100
Total Non-Interest Expense	3,183	3,390	3,578	4,637	4,558	4,938	6,721	7,047	8,097	10,056	12,900
Property & Liability Insurance Claims	1,919	2,051	2,186	2,967	2,890	3,133	4,690	4,585	5,028	6,246	8,342
Other Operating Expenses	606	653	706	768	757	881	957	1,077	1,223	1,403	1,672
Amortization Expense	657	686	687	901	911	923	1,074	1,385	1,846	2,407	2,886
Income Tax Expense	23	41	31	128	114	156	112	128	80	-873	362
Other Gains / (Losses), net	-	-	-	-	-	-	17	264	75	184	200
Preferred Stock Dividends Declared	22	22	28	53	44	42	42	63	40	40	40
Net Income / (Loss) Attributable to Noncontrolling Interest	-13	-11	131	10	-30	57	60	82	6.00	-1.00	0.00
Basic Earnings per Share	$6.21	$4.24	$1.83	$1.40	$1.76	$3.97	$3.38	$5.35	$3.90	$11.94	$11.47
Weighted Average Basic Shares Outstanding	130.82M	121.79M	362.38M	404.14M	404.35M	401.80M	403.06M	391.70M	368.60M	368.70M	372.50M
Diluted Earnings per Share	$6.02	$4.09	$1.78	$1.36	$1.73	$3.87	$3.32	$5.23	$3.80	$11.62	$11.19
Weighted Average Diluted Shares Outstanding	134.92M	126.04M	374.15M	417.79M	412.91M	411.61M	410.26M	400.30M	377.60M	378.80M	381.80M
Weighted Average Basic & Diluted Shares Outstanding	130.80M	121.70M	120.80M	404.60M	405.50M	401.70M	379.04M	379.04M	371.20M	374.15M	375.36M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	-	-	$5.00

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	3/31/2025	6/30/2025
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

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
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	3/31/2025	6/30/2025
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

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
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
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

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
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	3/31/2025	6/30/2025
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%

Financials Breakdown Chart

Key Financial Trends

Arch Capital Group (NASDAQ: ACGL) has shown steady financial performance over the last several years through Q2 2025, with consistent growth in net income and solid balance sheet metrics. Below is an analysis of key trends and notable points from the available financial data covering income, cash flows, and balance sheets.

Net income growth: The company’s consolidated net income increased from approximately $849 million in Q1 2023 to about $1.24 billion by Q2 2025, showing strong profitability expansion over two years.
Consistent Premiums Earned: Premiums earned grew steadily, reaching $4.34 billion in Q2 2025 up from $2.88 billion in Q1 2023, indicating growth in the company’s insurance underwriting business.
Solid Operating Cash Flow: Net cash from continuing operating activities has been strong, with $1.12 billion generated in Q2 2025, generally supporting ongoing business activities without reliance on external financing.
Robust Investment Income: Net realized and unrealized capital gains on investments rose significantly, from $246 million in Q1 2023 to $708 million in Q2 2025, boosting non-interest income and overall profitability.
Equity Growth: Total common equity expanded from about $13.2 billion in Q1 2023 to $22.2 billion in Q2 2025, reinforcing the company’s financial strength and ability to absorb risks.
Consistent Dividend Payments: The company paid dividends regularly, around $10-15 million each quarter, indicating a commitment to returning value to shareholders and financial stability.

Amortization Expense Trending Up: Amortization expense increased from $556 million in Q1 2023 to $872 million by Q2 2025, reflecting possibly more acquisitions or intangible asset amortization that could weigh on earnings.
Debt Levels Stable: Long-term debt has remained roughly steady around $2.7 billion across periods, indicating stable leverage without aggressive borrowing or deleveraging.
Cash and Investment Securities Management: Cash and equivalents fluctuated, increasing from $803 million in Q1 2023 to nearly $1 billion in Q2 2025. Trading account securities also grew, supporting liquidity but requiring monitoring of market risks.
Share Count Slightly Increased: Weighted average diluted shares outstanding increased modestly from about 377.6 million in Q1 2023 to about 380 million in Q2 2025, which could slightly dilute earnings per share but reflects steady capital structure management.

Non-Cash Adjustments Variability: Non-cash adjustments to net income varied considerably, sometimes negative (e.g., -$295 million in Q2 2025), reflecting volatility in accounting estimates or impairments that can obscure true operational performance.
Increase in Property & Liability Insurance Claims: Claims expense increased from about $1.47 billion in Q1 2023 to $2.3 billion in Q2 2025, indicating rising underwriting losses or higher claim payouts that may pressure margins if unchecked.

Summary: Arch Capital Group has demonstrated notable earnings growth, strong cash flow generation, and equity base expansion over the last two years, supported by increased premiums earned and investment gains. While rising amortization and claims expenses warrant attention as potential cost pressures, the company’s stable debt profile and consistent shareholder returns indicate solid financial health. Retail investors might view Arch Capital as a growing insurer with good financial discipline amid a stable but competitive industry environment.

10/09/25 02:48 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Arch Capital Group's Financials

When does Arch Capital Group's fiscal year end?

According to the most recent income statement we have on file, Arch Capital Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Arch Capital Group's net income changed over the last 10 years?

Arch Capital Group's net income appears to be on an upward trend, with a most recent value of $4.31 billion in 2024, rising from $821.26 million in 2014. The previous period was $4.44 billion in 2023.

How has Arch Capital Group's revenue changed over the last 10 years?

Over the last 10 years, Arch Capital Group's total revenue changed from $4.03 billion in 2014 to $17.37 billion in 2024, a change of 331.4%.

How much debt does Arch Capital Group have?

Arch Capital Group's total liabilities were at $50.09 billion at the end of 2024, a 23.5% increase from 2023, and a 236.4% increase since 2014.

How much cash does Arch Capital Group have?

In the past 10 years, Arch Capital Group's cash and equivalents has ranged from $485.70 million in 2014 to $979 million in 2024, and is currently $979 million as of their latest financial filing in 2024.

How has Arch Capital Group's book value per share changed over the last 10 years?

Over the last 10 years, Arch Capital Group's book value per share changed from 1.00 in 2014 to 53.13 in 2024, a change of 5,223.7%.

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This page (NASDAQ:ACGLO) was last updated on 10/9/2025 by MarketBeat.com Staff

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Arch Capital Group (ACGLO) Financials

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Arch Capital Group (ACGLO) Financials

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Quarterly Metrics And Ratios for Arch Capital Group

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