The company has expanded its total assets to $81.4 billion as of 2026Q1, while maintaining a stable equity base of $24.2 billion to support its risk-bearing capacity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 81.45B | 67.06B | 70.91B | 58.91B | 47.99B | 45.1B | 43.28B | 37.89B | 32.22B | 32.05B | 29.37B | 23.14B | 22.01B | 19.57B | 17.82B | 17.11B | 15.77B | 15.38B | 14.62B | 15.62B | 14.31B | 11.49B | 8.22B | 5.59B | 2.99B | 1.31B | 295.91M | 864.36M | 757.83M | 581.25M | 432.5M |
| Asset Growth % | 30.77% | -5.43% | 20.37% | 22.75% | 6.41% | 4.2% | 14.25% | 17.59% | 0.52% | 9.12% | 26.94% | 5.15% | 12.47% | 9.82% | 4.16% | 8.46% | 2.57% | 5.19% | -6.45% | 9.17% | 24.58% | 39.78% | 47.15% | 86.72% | 127.7% | 343.96% | -65.77% | 14.06% | 30.38% | 34.39% | 23.22% |
| Total Investment Assets | 4M | 47.82B | 41.83B | 35.04B | 28.27B | 27.78B | 46.96B | 41.49B | 37.46B | 37.2B | 33.51B | 27.12B | 27.48B | 25.16B | 23.63B | 22.64B | 11.42B | 11.03B | 9.48B | 11.78B | 9.71B | 7.57B | 5.86B | 3.86B | 2.34B | 1.42B | 284.57M | 565.27M | 546.84M | 490.55M | 467.51M |
| Long-Term Investments | 148.99B | 37.45B | 33.5B | 27.91B | 22.63B | 21.5B | 25.76B | 23.26B | 21.47B | 21.36B | 18.96B | 15.45B | 15.28B | 13.62B | 12.76B | 12.06B | 10.43B | 10.46B | 9B | 9.58B | 7.86B | 5.99B | 5.7B | 3.63B | 1.86B | 945.32M | 187.18M | 492.48M | 438.03M | 401.38M | 362.63M |
| Short-Term Investments | 11.26B | 10.55B | 8.33B | 7.13B | 5.64B | 6.28B | 21.2B | 18.23B | 15.99B | 15.84B | 14.56B | 11.67B | 12.21B | 11.55B | 10.87B | 10.58B | 985.5M | 571.49M | 479.59M | 2.2B | 1.85B | 1.58B | 155.77M | 229.35M | 480.54M | 476.82M | 97.39M | 72.78M | 108.81M | 89.17M | 104.89M |
| Total Current Assets | 34.81B | 8.99B | 28.14B | 24.04B | 20.39B | 19.36B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 914M | 993M | 979M | 917M | 855M | 858.67M | 906.45M | 726.23M | 646.56M | 606.2M | 842.94M | 553.33M | 485.7M | 434.06M | 371.04M | 351.7M | 362.74M | 334.57M | 251.74M | 239.91M | 317.02M | 222.48M | 113.05M | 56.9M | 91.72M | 9.97M | 11.48M | 9.46M | 12.04M | 9.01M | 1.47M |
| Receivables | 65.37B | 7.99B | 16.4B | 13.82B | 12.09B | 10.49B | 8.55B | 8.24B | 6.3B | 5.65B | 4.9B | 4.34B | 4.07B | 3.62B | 3.42B | 3.1B | 559.58M | 782.2M | 734.02M | 746.99M | 2.61B | 2.14B | 1.16B | 905.03M | 569.28M | 164.32M | 993K | 201.2M | 123.11M | 47.51M | 23.7M |
| Other Current Assets | 0 | -13.21B | 0 | 0 | 0 | 0 | -31.89B | -28.43B | -23.91B | -23.03B | -21.16B | -16.98B | -17.14B | -15.93B | -14.97B | -14.3B | -2.17B | -1.97B | -1.77B | -3.67B | -5.25B | -4.26B | -1.73B | -1.43B | -1.26B | -710.07M | -109.86M | -283.44M | -243.96M | -145.69M | -130.05M |
| Goodwill & Intangibles | 10.37B | 2.94B | 3.08B | 2.26B | 2.07B | 1.85B | 692.86M | 738.08M | 634.92M | 652.61M | 781.55M | 97.53M | 109.54M | 27.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.67M | 35.88M | 28.87M | 26.34M | 6.11M | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 607M | 571M | 345M | 342M | 344.87M | 314.63M | 326.55M | 249.62M | 198.24M | 204.02M | 15.54M | 14.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.34M | 6.11M | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.96B | 2.33B | 2.51B | 1.92B | 1.73B | 1.5B | 378.23M | 411.53M | 385.3M | 454.38M | 577.53M | 82M | 94.59M | 27.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.67M | 35.88M | 28.87M | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 6.17B | 17.68B | 6.18B | 4.7B | 2.91B | 2.39B | -26.45B | -24B | -22.11B | -22.02B | -19.74B | -15.55B | -15.39B | -13.64B | -12.76B | -12.06B | -10.43B | -10.46B | -9B | -9.58B | -7.86B | -5.99B | -5.72B | -3.66B | -1.89B | -971.66M | -193.29M | -492.48M | -438.03M | -401.38M | -362.63M |
| Total Liabilities | 57.26B | 42.85B | 50.09B | 40.55B | 35.07B | 31.55B | 29.29B | 25.57B | 21.78B | 21.81B | 20.06B | 16.03B | 14.89B | 13.92B | 12.65B | 12.51B | 11.26B | 11.05B | 11.18B | 11.59B | 10.72B | 9.01B | 5.98B | 3.87B | 1.58B | 293.33M | 23.61M | 517.85M | 359.83M | 180.22M | 80.3M |
| Total Debt | 2.73B | 2.73B | 2.73B | 2.73B | 2.73B | 2.72B | 3.02B | 2.36B | 2.19B | 2.55B | 2.49B | 1.32B | 891.14M | 900M | 400M | 710.49M | 725.77M | 617.57M | 400M | 300M | 300M | 300M | 300M | 400M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 1.81B | 1.74B | 1.75B | 1.81B | 1.87B | 1.87B | 2.11B | 1.63B | 1.54B | 1.94B | 1.65B | 768.41M | 405.44M | 465.94M | 28.96M | 358.79M | 363.03M | 282.99M | 148.26M | 60.09M | -17.02M | 77.52M | 186.95M | 343.1M | -91.72M | -9.97M | -11.48M | -9.46M | -12.04M | -9.01M | -1.47M |
| Long-Term Debt | 2.73B | 2.73B | 2.73B | 2.73B | 2.73B | 2.72B | 2.86B | 1.87B | 1.73B | 1.73B | 1.73B | 791.31M | 791.14M | 800M | 300M | 610.49M | 725.77M | 517.57M | 300M | 300M | 300M | 300M | 300M | 200M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 155.69M | 484.29M | 455.68M | 816.13M | 756.65M | 530.43M | 100M | 100M | 100M | 100M | 0 | 100M | 100M | 0 | 0 | 0 | 0 | 200M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 51.1B | 7.44B | 44.32B | 35.88B | 30.98B | 27.49B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 5B | 4.6B | 4.3B | 3.82B | 3.26B | 3.42B | 2.68B | 2.79B | 2.47B | 2.3B | 2.02B | 1.71B | 1.53B | 1.26B | 1.05B | 882.1M | 132.45M | 156.5M | 138.51M | 301.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.67M | 9.38M | 0 | 0 |
| Deferred Revenue | 10.94B | 7.44B | 10.22B | 8.81B | 7.34B | 6.01B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 34.37B | -4.91B | 29.62B | 23.01B | 20.28B | 18B | -2.83B | -3.27B | -2.93B | -3.12B | -2.77B | -2.24B | -1.63B | -1.36B | -1.15B | -982.1M | -332.64M | -392.88M | -361.82M | -324.46M | -719.79M | -162.47M | -223.14M | -317.92M | -135.15M | -48.77M | 0 | -14.67M | -11.61M | -2.89M | -13.87M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K |
| Other Liabilities | 3.43B | 32.68B | 3.04B | 1.94B | 1.37B | 1.33B | -2.86B | -1.87B | -1.73B | -1.73B | -1.73B | -791.31M | -791.14M | -800M | -300M | -610.49M | -725.77M | -517.57M | -300M | -300M | -300M | -300M | -300M | -200M | 0 | 0 | 0 | 0 | -13.18M | -25.09M | -3.03M |
| Total Equity | 24.19B | 24.21B | 20.82B | 18.36B | 12.92B | 13.56B | 13.99B | 12.32B | 10.44B | 10.25B | 9.31B | 7.11B | 7.12B | 5.65B | 5.17B | 4.59B | 4.51B | 4.32B | 3.43B | 4.04B | 3.59B | 2.48B | 2.24B | 1.71B | 1.41B | 1.02B | 272.3M | 346.51M | 398M | 401.03M | 352.2M |
| Equity Growth % | 46.52% | 16.26% | 13.43% | 42.06% | -4.68% | -3.09% | 13.58% | 17.99% | 1.87% | 10.04% | 30.95% | -0.11% | 26.05% | 9.26% | 12.56% | 1.75% | 4.39% | 25.94% | -14.94% | 12.4% | 44.75% | 10.64% | 31.05% | 21.22% | 38.31% | 274.72% | -21.42% | -12.94% | -0.76% | 13.86% | 3.53% |
| Shareholders Equity | 24.19B | 24.21B | 20.82B | 18.35B | 12.91B | 13.55B | 13.11B | 11.5B | 9.44B | 9.2B | 8.25B | 6.17B | 6.13B | 5.65B | 5.17B | 4.59B | 4.51B | 4.32B | 3.43B | 4.04B | 3.59B | 2.48B | 2.24B | 1.71B | 1.41B | 1.02B | 272.3M | 346.51M | 398M | 401.03M | 352.2M |
| Minority Interest | 0 | 0 | 0 | 2M | 11M | 9.23M | 881.55M | 818.18M | 997.85M | 1.05B | 1.06B | 944.01M | 988.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 28.08B | 27.05B | 22.69B | 20.3B | 15.89B | 14.46B | 12.36B | 11.02B | 9.43B | 8.56B | 8B | 7.33B | 6.85B | 6.04B | 5.35B | 4.8B | 4.42B | 3.61B | 2.69B | 2.43B | 1.59B | 901.35M | 644.86M | 327.96M | 47.37M | -11.61M | -33.63M | -22.18M | 10.26M | 7.17M | 5.1M |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 648K | 643K | 638K | 634K | 611K | 582K | 577K | 572K | 565K | 561K | 549K | 534K | 548K | 605K | 673K | 743K | 733K | 349K | 282K | 277K | 135K | 127K | 171K | 171K | 171K | 170K |
| Accumulated OCI | -333M | 5M | -720M | -676M | -1.65B | -64.6M | 488.89M | 212.09M | -178.72M | 118.04M | -114.54M | -16.5M | 128.86M | 74.96M | 287.02M | 153.92M | 204.5M | 138.53M | -255.59M | 155.22M | 51.53M | -16.99M | 36.03M | 20.83M | 16.04M | -170K | 17.78M | 26.87M | 45.98M | 52.73M | 6.48M |
| Return on Equity (ROE) | 20.48% | 19.54% | 22.01% | 28.41% | 11.15% | 15.66% | 10.69% | 14.38% | 7.33% | 6.33% | 8.44% | 7.56% | 13.07% | 13.12% | 12.16% | 9.58% | 19.07% | 22.61% | 7.79% | 22.5% | 23.5% | 10.86% | 16.03% | 17.98% | 4.85% | 3.41% | -2.59% | -8.71% | 0.77% | 0.54% | 1.18% |
| Return on Assets (ROA) | 6.36% | 6.38% | 6.64% | 8.31% | 3.17% | 4.88% | 3.46% | 4.67% | 2.36% | 2.02% | 2.64% | 2.38% | 4.01% | 3.8% | 3.4% | 2.65% | 5.41% | 5.85% | 1.92% | 5.73% | 5.53% | 2.6% | 4.59% | 6.54% | 2.74% | 2.74% | -1.38% | -4% | 0.46% | 0.4% | 1.05% |
| Equity / Assets | 29.7% | 36.1% | 29.36% | 31.16% | 26.92% | 30.06% | 32.32% | 32.51% | 32.4% | 31.97% | 31.7% | 30.73% | 32.35% | 28.86% | 29.01% | 26.85% | 28.62% | 28.12% | 23.49% | 25.83% | 25.09% | 21.59% | 27.28% | 30.63% | 47.18% | 77.67% | 92.02% | 40.09% | 52.52% | 68.99% | 81.43% |
| Debt / Equity | 0.11x | 0.11x | 0.13x | 0.15x | 0.21x | 0.20x | 0.22x | 0.19x | 0.21x | 0.25x | 0.27x | 0.19x | 0.13x | 0.16x | 0.08x | 0.15x | 0.16x | 0.14x | 0.12x | 0.07x | 0.08x | 0.12x | 0.13x | 0.23x | - | - | - | - | - | - | - |
| Book Value per Share | 67.24 | 64.36 | 54.53 | 48.46 | 34.22 | 33.86 | 34.09 | 29.92 | 25.28 | 24.52 | 24.89 | 18.81 | 17.59 | 13.86 | 12.46 | 11.07 | 9.55 | 7.76 | 5.89 | 6.08 | 5.23 | 3.69 | 3.43 | 2.80 | 2.63 | 6.67 | 2.29 | 2.25 | 2.50 | 2.61 | 2.29 |
| Tangible BV per Share | 59.00 | 56.55 | 46.45 | 42.48 | 28.74 | 29.25 | 32.41 | 28.13 | 23.74 | 22.96 | 22.80 | 18.55 | 17.32 | 13.80 | 12.46 | 11.07 | 9.55 | 7.76 | 5.89 | 6.08 | 5.23 | 3.69 | 3.41 | 2.75 | 2.57 | 6.50 | 2.24 | 2.25 | 2.50 | 2.61 | 2.29 |
Reserve development and litigation
As reported in recent financial statements, Arch Capital's total assets grew from $58.9 billion in 2023Q4 to $81.4 billion by 2026Q1, reflecting a significant expansion of the balance sheet that appears to be driven by both organic premium growth and strategic acquisition activity within the insurance segment.
The increase in total assets suggests a scaling of the underwriting footprint, though the concurrent rise in total liabilities to $57.3 billion warrants close monitoring of leverage ratios. Investors should interpret this growth as a sign of management's aggressive pursuit of market share, provided that the capital base remains sufficient to support the increased risk exposure.
Based on the company's reported figures, loss reserves fluctuated between $2.1 billion and $3.4 billion over the last ten quarters, indicating that Arch Capital's liability profile remains highly sensitive to the timing of claims settlements and the inherent uncertainty of long-tail casualty insurance lines.
The variance in loss reserves suggests that the company is actively managing its exposure to claims, yet the periodic spikes in loss ratios may imply that prior-year reserve estimates are subject to ongoing adjustment. This volatility necessitates a cautious view on whether current reserve levels fully account for the potential impact of social inflation on future litigation costs.
According to quarterly filings, Arch Capital maintained a relatively stable equity base of $24.2 billion as of 2026Q1, demonstrating that the firm has successfully preserved its capital buffer despite the significant fluctuations in asset and liability levels observed throughout the preceding two-year period.
This stability in equity appears to provide the necessary foundation for the company's ongoing capital allocation strategy, including share repurchases and potential M&A. Analysts should monitor whether this capital adequacy remains robust as the company integrates recent acquisitions and navigates the evolving tax landscape in Bermuda.
As indicated by recent corporate developments, the acquisition of Allianz’s U.S. MidCorp and Entertainment businesses introduces new operational complexities, which may pose a non-obvious risk to the balance sheet if legacy reserve issues emerge within these newly integrated primary insurance portfolios.
While the company has a strong track record of cycle management, the shift toward more specialized U.S. commercial lines may alter the historical risk profile of the firm. Investors should investigate whether the current reserve methodology is sufficiently calibrated to handle the specific litigation risks associated with these new business lines.
Quick answers to the most common questions about buying ACGL stock.
As of 2025, Arch Capital Group Ltd. (ACGL) had total assets of $67.06B including $8.99B in current assets.
Arch Capital Group Ltd. (ACGL) carries total debt of $2.73B, offset by $11.54B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Arch Capital Group Ltd. (ACGL) has total shareholders' equity (book value) of $24.21B ($64.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Arch Capital Group Ltd. (ACGL) reported a current ratio of 1.21x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.