Arch Capital Group Ltd.

ACGL

NASDAQ · Diversified Insurance

$94.26

At close - Oct 1, 4:00 PM EDT - USD

Market Cap$32.93B

P/E8.1x

52W High$107.09

Volume3.8M

VCP Research Verdict2026Q2

Underwriting Discipline Drives Margin Expansion Amid Deceleration

Arch Capital's exceptional underwriting discipline, evidenced by a 72.7% combined ratio in Q2 2026, continues to drive robust profitability despite a deliberate pullback in premium growth (-10.1% YoY). The company's strong balance sheet, with equity up 23.7% s...

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MARKET ACTION

ACGL price & volume

Price trend, volume and key moving averages

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Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis

Fundamental Trajectory

Revenue growth decelerated to -10.1% YoY in Q2 2026, yet underwriting margins remained exceptional with a combined ratio of 72.7% and a loss ratio of 49.1%, indicating strong pricing discipline.

Analyst Consensus+21.3% target

Buy(34 analysts)

16 Buy16 Hold2 Sell

The Bull Case

Upside Catalysts

Robust Financial Performance

Arch Capital Group reported Q4 2025 EPS of $3.35, reflecting a 21.2% annualized net income return on average common equity. Operating income rose 16% YoY, while revenue and gross profit grew 14% and 16% respectively.

Reinsurance Segment Growth

The reinsurance unit became the largest by net written premiums, expanding from $1.9 billion in 2018 to over $11 billion in 2024, driven by favorable market conditions.

Rising Investment Income

Arch Capital has benefited from higher global yields, boosting net investment income and supporting continued growth in book value per share.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

ACGL+0.43%

S&P 500 (^GSPC)+11.83%

1-Year Return

ACGL+4.37%

S&P 500 (^GSPC)+14.29%

3-Year Return

ACGL+25.06%

S&P 500 (^GSPC)+81.87%

5-Year Return

ACGL+159.98%

S&P 500 (^GSPC)+79.64%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y Low

8.1x

Forward P/E

9.9x

EV/EBITDA0th %ile

6.7x

FCF YieldCash Flow

18.7%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

8.1x

8.3x

20th· Low

EV/EBITDA

6.7x

9.4x

0th· Low

Price/FCF

5.3x

60th· Fair

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$154.55+64.0%

Base (Fair)$296.01+216.3%

Bull$490.87+420.8%

$154.55 Bear$296.01 Base$490.87 Bull

Current Market Price: $94.26

Trades at a 68.2% discount to Base DCF ($296.01)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue

$19.93B+14.3% YoY

Net income

$4.4B+2.0% YoY

Free cash flow

$6.13B-7.5% YoY

Operating margin

25%-0.7 pts YoY

ROIC (TTM)15.4%

Avg ROIC 5Y-

ROE (TTM)19.5%

Piotroski Score7 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate12/12 (100%)

Revenue Beat Rate9/12 (75%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Jul 28, 2026	$2.56+3.6% vs $2.47	$4.0B-7.1% vs $4.4B
Q2 2026 Apr 28, 2026	$2.50+0.8% vs $2.48	$4.3B-4.5% vs $4.6B
Q1 2026 Feb 9, 2026	$2.98+15.1% vs $2.59	$3.6B-13.0% vs $4.2B
Q4 2025 Oct 27, 2025	$2.77+22.6% vs $2.26	$5.0B+10.0% vs $4.5B

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

5 Stories

Business Wire·4d ago

Arch Capital Group Ltd. to Report 2026 Third Quarter Results on October 27

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or the “Company”) today announced it expects to release its 2026 third quarter results after the close of regular stock market hours on Tuesday, October 27. The Company will hold a conference call for investors and analysts at 10 a.m. ET on Wednesday, October 28. A live webcast of this call will be available via the Investors section of the Company's website at http://www.archgroup.com/investors. A recording of t.

Zacks Investment Research·Sep 25, 2026

Arch Capital Lags Industry, Trades at a Discount: Time to Hold or Exit?

ACGL's strong underwriting, rising investment income and capital generation support earnings, while acquisitions expand its market reach.

Zacks Investment Research·Sep 24, 2026

Arch Capital's Mortgage Segment Emerges as an Earnings Stabilizer

ACGL's Mortgage segment combines strong underwriting margins and premium growth, providing earnings diversification from P&C catastrophe volatility.

Zacks Investment Research·Sep 21, 2026

Arch Capital Group (ACGL) Stock Declines While Market Improves: Some Information for Investors

Arch Capital Group (ACGL) concluded the recent trading session at $95.78, signifying a -1.15% move from its prior day's close.

Filtered for Arch Capital Group Ltd.More Headlines

Compare before deciding

Benchmark ACGL against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Arch Capital Group Ltd. (ACGL)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
ACGLArch Capital Group Ltd.Current	$94.26	$32.93B	8.11	14.27%	22.07%	19.54%	0.02%
RNRRenaissanceRe Holdings Ltd.	$322.99	$13.42B	5.70	9.45%	24.71%	13.88%	—
GLREGreenlight Capital Re, Ltd.	$14.69	$487.21M	6.77	7.47%	7.68%	7.28%	—
PREPrenetics Global Limited	$21.95	$373.16M	-8.19	201.72%	-47.43%	-49.2%	—
AXSAXIS Capital Holdings Limited	$95.51	$6.97B	7.73	9.05%	18.02%	19.21%	—
MKLMarkel Corporation	$1726.11	$21.39B	10.20	-0.96%	13.17%	12.13%	—

Compare ACGL vs Peers

Arch Capital Group Ltd. (ACGL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RNR

Most directly comparable listed peer for ACGL.

Scale Benchmark

vs CB

Larger-name benchmark to compare ACGL against a more recognizable public peer.

Peer Set

Compare Top 5

vs RNR, GLRE, PRE, AXS

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ACGL SEC Filings & Documents

Arch Capital Group Ltd. (ACGL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Jul 28, 2026·SEC

Material company update

Jun 16, 2026·SEC

Material company update

Jun 9, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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ACGL Frequently Asked Questions

Arch Capital Group Ltd. (ACGL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

How fast is Arch Capital Group Ltd. growing?

Arch Capital Group Ltd. (ACGL) grew revenue by 14.3% over the past year. This is steady growth.

Is ACGL profitable?

Yes, Arch Capital Group Ltd. (ACGL) is profitable, generating $4.69B in net income for fiscal year 2025 (22.1% net margin).

Dividend & Returns

Does ACGL pay dividends?

Arch Capital Group Ltd. (ACGL) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

What is ACGL's return on equity?

Arch Capital Group Ltd. (ACGL) has a return on equity (ROE) of 19.5%. This is reasonable for most industries.

Industry Metrics

What is Arch Capital Group Ltd.'s combined ratio?

Arch Capital Group Ltd. (ACGL) has a combined ratio of 75.0%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in ACGL back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Jul 28, 2026

$2.56+3.6%

vs $2.47

$4.0B-7.1%

vs $4.4B

Q2 2026

Apr 28, 2026

$2.50+0.8%

vs $2.48

$4.3B-4.5%

vs $4.6B

Q1 2026

Feb 9, 2026

$2.98+15.1%

vs $2.59

$3.6B-13.0%

vs $4.2B

Q4 2025

Oct 27, 2025

$2.77+22.6%

vs $2.26

$5.0B+10.0%

vs $4.5B

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

ACGLArch Capital Group Ltd.Current

$94.26

$32.93B

8.11

14.27%

22.07%

19.54%

0.02%

RNRRenaissanceRe Holdings Ltd.

$322.99

$13.42B

5.70

9.45%

24.71%

13.88%

—

GLREGreenlight Capital Re, Ltd.

$14.69

$487.21M

6.77

7.47%

7.68%

7.28%

—

PREPrenetics Global Limited

$21.95

$373.16M

-8.19

201.72%

-47.43%

-49.2%

—

AXSAXIS Capital Holdings Limited

$95.51

$6.97B

7.73

9.05%

18.02%

19.21%

—

MKLMarkel Corporation

$1726.11

$21.39B

10.20

-0.96%

13.17%

12.13%

—