Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch,” “our” or “the Company”) announces its 2025 fourth quarter results. The results included:
- Net income available to Arch common shareholders of $1.2 billion, or $3.35 per share, representing a 21.2% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $925 million, or $2.42 per share, for the 2024 fourth quarter.
- After-tax operating income available to Arch common shareholders (1) of $1.1 billion, or $2.98 per share, representing an 18.9% annualized operating return on average common equity (1), compared to $866 million, or $2.26 per share, for the 2024 fourth quarter.
- Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $164 million.
- Favorable development in prior year loss reserves, net of related adjustments, of $118 million.
- Combined ratio excluding catastrophic activity and prior year development (1) of 79.5%, compared to 79.0% for the 2024 fourth quarter.
- Share repurchases of $798 million.
- Book value per common share of $65.11 at December 31, 2025, a 4.5% increase from September 30, 2025.
“Our 2025 financial performance was outstanding, once again demonstrating the value of our diversified platform and our ability to effectively execute our cycle management strategy. I want to thank each of our 8,000+ employees for making these fantastic results possible,” Arch CEO Nicolas Papadopoulo said. “We enter 2026 with optimism in our ability to continue delivering superior results for our shareholders.”
