Cash flow Arch Capital Group Ltd.

Equities

ACGL

BMG0450A1053

Property & Casualty Insurance

Real-time Estimate Cboe BZX Other stock markets 20:22:05 17/02/2026 GMT			5-day change	1st Jan Change
98.97 ^USD	+0.60%		+1.26%	+3.29%

03:24pm	UBS Adjusts Price Target on Arch Capital Group to $114 From $113, Maintains Buy Rating	MT
02:05pm	Autonomous Research Adjusts Price Target on Arch Capital Group to $96 From $92, Maintains Underperform Rating	MT

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Published financial data: ARCH CAPITAL GROUP LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	6.99B	8.08B	9.68B	12.44B	15.1B
Total Interest And Dividend Income	520M	389M	497M	1.02B	1.5B
Gain (Loss) on Sale of Investments, Total (Rev)	823M	380M	-663M	-165M	197M
Other Revenues, Total	190M	399M	103M	336M	648M
Total Revenues	8.53B	9.25B	9.61B	13.63B	17.44B
Policy Benefits	4.69B	4.58B	5.03B	6.25B	8.34B
Policy Acquisition / Underwriting Costs, Total	1B	1.3B	1.74B	2.31B	2.65B
Amortization of Goodwill and Intangible Assets - (IS)	69.03M	82.96M	106M	95M	235M
Selling General & Admin Expenses, Total	68.49M	77.12M	94.39M	96M	119M
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	875M	999M	1.13B	1.3B	1.47B
Total Operating Expenses	6.71B	7.05B	8.1B	10.05B	12.82B
Operating Income	1.82B	2.2B	1.52B	3.58B	4.62B
Interest Expense, Total	-143M	-139M	-130M	-133M	-141M
Income (Loss) on Equity Invest.	-	265M	73.89M	184M	200M
Currency Exchange Gains (Loss)	-83.63M	41.53M	101M	-60M	75M
EBT, Excl. Unusual Items	1.59B	2.37B	1.56B	3.58B	4.76B
Total Merger & Related Restructuring Charges	-13.5M	-2.04M	-1.09M	-6M	-81M
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	1.58B	2.37B	1.56B	3.57B	4.67B
Income Tax Expense	112M	129M	79.96M	-873M	362M
Earnings From Continuing Operations	1.47B	2.24B	1.48B	4.44B	4.31B
Net Income to Company	1.47B	2.24B	1.48B	4.44B	4.31B
Minority Interest	-60.19M	-82.61M	-5.49M	1M	-
Net Income - (IS)	1.41B	2.16B	1.48B	4.44B	4.31B
Preferred Dividend and Other Adjustments	41.61M	63.44M	40.74M	40M	40M
Net Income to Common Incl Extra Items	1.36B	2.09B	1.44B	4.4B	4.27B
Net Income to Common Excl. Extra Items	1.36B	2.09B	1.44B	4.4B	4.27B
Per Share Items
Net EPS - Basic	3.38	5.34	3.9	11.94	11.47
Basic EPS - Continuing Operations	3.38	5.34	3.9	11.94	11.47
Basic Weighted Average Shares Outstanding	403M	392M	369M	369M	372M
Net EPS - Diluted	3.32	5.23	3.8	11.62	11.19
Diluted EPS - Continuing Operations	3.32	5.23	3.8	11.62	11.19
Diluted Weighted Average Shares Outstanding	410M	400M	378M	379M	382M
Normalized Basic EPS	2.32	3.57	2.64	6.06	7.98
Normalized Diluted EPS	2.28	3.49	2.57	5.9	7.78
Payout Ratio	2.96	2.24	2.76	0.9	44.2
Supplemental Items
EBITDA	1.89B	2.29B	1.63B	3.68B	4.86B
EBITA	1.89B	2.29B	1.63B	3.68B	4.86B
EBIT	1.82B	2.2B	1.52B	3.58B	4.62B
EBITDAR	1.92B	2.32B	1.66B	3.71B	4.89B
Total Revenues (As Reported)	8.53B	9.25B	9.61B	13.63B	17.44B
Effective Tax Rate - (Ratio)	7.09	5.43	5.12	-24.46	7.74
Current Foreign Taxes	198M	296M	201M	288M	397M
Total Current Taxes	198M	296M	201M	288M	397M
Deferred Foreign Taxes	-85.82M	-167M	-121M	-1.16B	-35M
Total Deferred Taxes	-85.82M	-167M	-121M	-1.16B	-35M
Normalized Net Income	934M	1.4B	972M	2.24B	2.97B
Supplemental Operating Expense Items
General and Administrative Expenses	68.49M	77.12M	94.39M	96M	119M
Net Rental Expense, Total	31.83M	31.69M	33.57M	31M	32M
Imputed Operating Lease Interest Expense	11.5M	11.22M	12.21M	11.45M	12.51M
Imputed Operating Lease Depreciation	20.32M	20.47M	21.36M	19.55M	19.49M
Stock-Based Comp., Other (Total)	71.26M	87.09M	87.63M	93M	133M
Total Stock-Based Compensation	71.26M	87.09M	87.63M	93M	133M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Debt Securities	19.79B	18.59B	20.52B	24.99B	28.94B
Investment In Equity and Preferred Securities, Total	3.63B	6.14B	5.74B	7.06B	9.13B
Real Estate Owned	18.01M	-	-	-	-
Mortgage Loans	-	49.85M	2.28M	2M	15M
Total Other Investments	3.3B	2B	1.44B	2.23B	2.97B
Total investments	26.74B	26.78B	27.7B	34.28B	41.06B
Cash And Equivalents	906M	859M	855M	917M	979M
Reinsurance Recoverable - (IS)	4.5B	5.88B	6.56B	7.06B	8.26B
Other Receivables - (Insurance Template)	6.05B	5.63B	6.1B	7.46B	8.88B
Deferred Policy Acquisition Costs - (BS)	791M	902M	1.26B	1.53B	1.73B
Net Property Plant And Equipment	116M	107M	123M	125M	129M
Goodwill	315M	345M	342M	345M	571M
Other Intangibles, Total	378M	600M	462M	386M	780M
Restricted Cash	384M	456M	418M	581M	781M
Other Current Assets, Total	1.41B	1.85B	1.95B	2.37B	2.63B
Other Long-Term Assets, Total	1.68B	1.69B	2.22B	3.86B	5.1B
Total Assets	43.28B	45.1B	47.99B	58.91B	70.91B
Liabilities
Insurance And Annuity Liabilities	2B	1.83B	1.73B	1.82B	2.16B
Unpaid Claims	16.51B	17.76B	20.03B	22.75B	29.37B
Unearned Premiums	4.84B	6.01B	7.34B	8.81B	10.22B
Reinsurance Payable - (BS)	683M	1.58B	1.53B	2B	2.14B
Current Portion of Leases	34.32M	31.68M	31.86M	32M	31M
Short-Term Borrowings	301M	-	-	-	-
Long-Term Debt	3.02B	2.72B	2.73B	2.73B	2.73B
Long-Term Leases	104M	95.03M	120M	124M	132M
Current Income Taxes Payable	9.2M	14.8M	40.6M	-20M	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	130M	54.22M	75.96M	119M	115M
Other Non Current Liabilities	1.67B	1.44B	1.44B	2.19B	3.19B
Total Liabilities	29.29B	31.55B	35.07B	40.55B	50.09B
Preferred Stock Redeemable	780M	830M	830M	830M	830M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	780M	830M	830M	830M	830M
Common Stock, Total	643K	648K	654K	1M	1M
Additional Paid In Capital	1.98B	2.09B	2.21B	2.33B	2.51B
Retained Earnings	12.36B	14.46B	15.89B	20.3B	22.69B
Treasury Stock	-2.5B	-3.76B	-4.38B	-4.42B	-4.49B
Comprehensive Income and Other	489M	-64.6M	-1.65B	-676M	-720M
Total Common Equity	12.33B	12.72B	12.08B	17.52B	19.99B
Minority Interest	882M	9.23M	10.83M	2M	-
Total Equity	13.99B	13.56B	12.92B	18.36B	20.82B
Total Liabilities And Equity	43.28B	45.1B	47.99B	58.91B	70.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	401M	377M	369M	373M	374M
ECS Total Common Shares Outstanding	405M	377M	368M	372M	375M
Book Value / Share	30.43	33.74	32.81	47.12	53.32
Tangible Book Value	11.63B	11.77B	11.28B	16.79B	18.64B
Tangible Book Value Per Share	28.72	31.23	30.63	45.15	49.72
Total Debt	3.46B	2.85B	2.88B	2.88B	2.89B
Net Debt	2.55B	1.99B	2.02B	1.96B	1.91B
Debt Equivalent Oper. Leases	255M	254M	269M	248M	256M
Minority Interest, Total (Incl. Fin. Div)	882M	9.23M	10.83M	2M	-
Equity Method Investments, Total	2.05B	4.21B	4.74B	5.68B	7.22B
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	4.5K	5.2K	5.8K	6.4K	7.2K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	1.41B	2.16B	1.48B	4.44B	4.31B
Amortization of Goodwill and Intangible Assets - (CF)	69.03M	82.96M	106M	95M	235M
Total Depreciation, Depletion & Amortization	69.03M	82.96M	106M	95M	235M
(Gain) Loss on Sale of Investments - (CF)	-845M	-427M	652M	182M	-185M
Deferred Policy Acquisition Costs - (CF)	-144M	-263M	-374M	-235M	-212M
(Income) Loss On Equity Investments - (CF)	-47.95M	-464M	153M	-215M	-488M
Stock-Based Compensation (CF)	71.26M	87.09M	87.63M	93M	133M
Change in Accounts Receivable	-319M	-685M	-1.11B	-981M	-818M
Reinsurance Payable - (CF)	65.95M	500M	-35.51M	455M	179M
Change in Unearned Revenues	446M	936M	1.4B	1.03B	632M
Change In Deferred Taxes	-	-	-	-1.16B	-35M
Change in insurance Reserves / Liabilities	2.11B	1.76B	1.89B	2.14B	3.28B
Change in Other Net Operating Assets (Collected)	10.11M	-340M	-435M	-92M	-359M
Other Operating Activities	60.19M	82.61M	5.49M	-1M	-
Cash from Operations	2.89B	3.43B	3.82B	5.75B	6.67B
Capital Expenditure	-39.87M	-41.39M	-51.67M	-52M	-51M
Cash Acquisitions	-	-	-	-	852M
Divestitures	-	-349M	-	-	-
Investment in Marketable and Equity Securities, Total	-3.2B	-1.19B	-3.11B	-5.44B	-5.23B
Other Investing Activities, Total	198M	-564M	56.59M	27M	-35M
Cash from Investing	-3.04B	-2.14B	-3.1B	-5.47B	-4.46B
Long-Term Debt Issued, Total	1.02B	-	-	-	-
Total Debt Issued	1.02B	-	-	-	-
Long-Term Debt Repaid, Total	-359M	-	-	-	-
Total Debt Repaid	-359M	-	-	-	-
Issuance of Common Stock	1.88M	6.42M	6.66M	-	7M
Repurchase of Common Stock	-83.47M	-1.23B	-586M	-	-24M
Issuance of Preferred Stock	-	486M	-	-	-
Repurchase of Preferred Stock	-	-450M	-	-	-
Common Dividends Paid	-	-	-	-	-1.87B
Preferred Dividends Paid	-41.61M	-48.28M	-40.74M	-40M	-40M
Common & Preferred Stock Dividends Paid	-41.61M	-48.28M	-40.74M	-40M	-1.91B
Other Financing Activities, Total	-15.31M	10.79M	-85.83M	-29M	-2M
Cash from Financing	521M	-1.23B	-706M	-69M	-1.92B
Foreign Exchange Rate Adjustments	22.29M	-34.05M	-48.89M	13M	-25M
Net Change in Cash	387M	24.23M	-41.44M	225M	262M
Supplemental Items
Cash Interest Paid	133M	139M	128M	127M	127M
Cash Income Tax Paid (Refund)	203M	287M	255M	267M	378M
Net Debt Issued / Repaid	660M	-	-	-	-
Levered Free Cash Flow	-9.78B	-8.7B	-10.38B	-12.08B	10.38B
Unlevered Free Cash Flow	-9.69B	-8.61B	-10.29B	-11.99B	10.47B
Change In Net Working Capital	10.93B	10.12B	11.39B	14.37B	-7.26B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.8	3.12	2.04	4.19	4.45
Return on Total Capital	6.96	8.14	5.9	12.1	12.85
Return On Equity %	11.14	16.26	11.2	28.41	22.01
Return on Common Equity	11.84	16.72	11.58	29.75	22.78
Margin Analysis
Gross Profit Margin %	33.21	36.35	29.62	37.23	36.97
SG&A Margin	0.8	0.83	0.98	0.7	0.68
EBITDA Margin %	22.14	24.72	16.9	26.98	27.84
EBITA Margin %	22.14	24.72	16.9	26.98	27.84
EBIT Margin %	21.33	23.82	15.8	26.29	26.5
Income From Continuing Operations Margin %	17.19	24.21	15.42	32.58	24.72
Net Income Margin %	16.49	23.32	15.36	32.59	24.72
Net Avail. For Common Margin %	16	22.63	14.94	32.29	24.5
Normalized Net Income Margin	10.96	15.12	10.11	16.4	17.04
Levered Free Cash Flow Margin	-114.73	-94.07	-107.92	-88.57	59.52
Unlevered Free Cash Flow Margin	-113.68	-93.13	-107.07	-87.96	60.02
Asset Turnover
Asset Turnover	0.21	0.21	0.21	0.26	0.27
Fixed Assets Turnover	68.87	83.05	83.64	109.95	137.32
Receivables Turnover (Average Receivables)	3.91	3.61	3.25	3.26	3.23
Short Term Liquidity
Current Ratio	1.35	1.18	1.09	1.12	1.07
Quick Ratio	0.75	0.55	0.5	0.54	0.53
Operating Cash Flow to Current Liabilities	0.27	0.26	0.25	0.33	0.3
Days Sales Outstanding (Average Receivables)	93.63	101.21	112.25	112.09	113.34
Average Days Payable Outstanding	640.98	751.93	731.03	646	227.66
Long Term Solvency
Total Debt/Equity	24.71	21.03	22.27	15.7	13.89
Total Debt / Total Capital	19.81	17.38	18.21	13.57	12.19
LT Debt/Equity	22.31	20.8	22.02	15.53	13.74
Long-Term Debt / Total Capital	17.89	17.18	18.01	13.42	12.06
Total Liabilities / Total Assets	67.68	69.94	73.08	68.84	70.64
EBIT / Interest Expense	12.67	15.8	11.66	26.95	32.77
EBITDA / Interest Expense	13.38	16.62	12.73	27.89	34.67
(EBITDA - Capex) / Interest Expense	13.1	16.32	12.34	27.5	34.3
Total Debt / EBITDA	1.8	1.23	1.73	0.78	0.59
Net Debt / EBITDA	1.33	0.86	1.22	0.53	0.39
Total Debt / (EBITDA - Capex)	1.84	1.25	1.79	0.79	0.6
Net Debt / (EBITDA - Capex)	1.36	0.88	1.26	0.54	0.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.05	8.71	3.94	41.83	27.92
Gross Profit, 1 Yr. Growth %	-4.16	19.47	-15.3	78.42	27.01
EBITDA, 1 Yr. Growth %	-9.58	22.24	-28.92	126.82	31.99
EBITA, 1 Yr. Growth %	-9.58	22.24	-28.92	126.82	31.99
EBIT, 1 Yr. Growth %	-9.32	22.31	-31.06	136.41	28.93
Earnings From Cont. Operations, 1 Yr. Growth %	-13.44	52.79	-33.8	199.73	-2.93
Net Income, 1 Yr. Growth %	-14.1	53.46	-31.52	201.02	-2.95
Normalized Net Income, 1 Yr. Growth %	-15.66	49.72	-30.53	130.39	32.95
Diluted EPS Before Extra, 1 Yr. Growth %	-14.21	57.53	-27.34	205.79	-3.7
Net Property, Plant and Equip., 1 Yr. Growth %	-11.96	-7.83	15.21	1.63	3.2
Accounts Receivable, 1 Yr. Growth %	16.07	27.55	37.65	28.11	21.32
Total Assets, 1 Yr. Growth %	14.25	4.2	6.41	22.75	20.37
Common Equity, 1 Yr. Growth %	15.01	3.16	-5	45.06	14.08
Tangible Book Value, 1 Yr. Growth %	16.57	1.19	-4.21	48.92	11
Cash From Operations, 1 Yr. Growth %	40.91	18.74	11.31	50.66	16.07
Capital Expenditures, 1 Yr. Growth %	5.38	3.82	24.83	4	-1.92
Levered Free Cash Flow, 1 Yr. Growth %	-617.57	-532.99	-391.29	-457.43	-155.25
Unlevered Free Cash Flow, 1 Yr. Growth %	-593.12	-510.34	-382.1	-446.57	-155.97
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.06	15.57	6.3	21.42	34.69
Gross Profit, 2 Yr. CAGR %	26.99	6.73	0.6	22.91	50.54
EBITDA, 2 Yr. CAGR %	36.09	4.72	-6.79	26.94	73.03
EBITA, 2 Yr. CAGR %	36.09	4.72	-6.79	26.94	73.03
EBIT, 2 Yr. CAGR %	41.1	4.89	-8.17	27.61	74.59
Earnings From Cont. Operations, 2 Yr. CAGR %	41.91	15	0.57	40.85	70.57
Net Income, 2 Yr. CAGR %	36.17	14.81	2.51	43.52	70.92
Normalized Net Income, 2 Yr. CAGR %	28.13	12.37	1.99	26.48	75.01
Diluted EPS Before Extra, 2 Yr. CAGR %	38.53	16.25	6.98	49.06	71.6
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-9.92	3.05	8.17	2.41
Accounts Receivable, 2 Yr. CAGR %	26.06	21.67	32.5	32.8	24.67
Total Assets, 2 Yr. CAGR %	15.91	9.11	5.3	14.28	21.55
Common Equity, 2 Yr. CAGR %	19.3	8.93	-1	17.39	28.64
Tangible Book Value, 2 Yr. CAGR %	20.4	8.61	-1.55	19.44	28.57
Cash From Operations, 2 Yr. CAGR %	36.06	29.35	14.97	29.56	32.24
Capital Expenditures, 2 Yr. CAGR %	15.65	4.59	13.84	12.62	1
Levered Free Cash Flow, 2 Yr. CAGR %	181.02	114.65	127.23	84.14	75.29
Unlevered Free Cash Flow, 2 Yr. CAGR %	171.6	109.43	121.45	81.3	73.93
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.85	19.28	11.55	17.02	23.55
Gross Profit, 3 Yr. CAGR %	14.53	24.19	-1.19	21.73	24.26
EBITDA, 3 Yr. CAGR %	18.35	30.92	-7.97	25.29	28.6
EBITA, 3 Yr. CAGR %	18.35	30.92	-7.97	25.29	28.6
EBIT, 3 Yr. CAGR %	21.54	34.12	-8.81	25.77	28.05
Earnings From Cont. Operations, 3 Yr. CAGR %	32.53	45.45	-4.34	44.71	24.42
Net Income, 3 Yr. CAGR %	31.42	41.71	-3.36	46.76	25.97
Normalized Net Income, 3 Yr. CAGR %	25.14	34.96	-4.27	33.75	28.6
Diluted EPS Before Extra, 3 Yr. CAGR %	34.65	44.59	-0.61	51.83	28.86
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-2.22	2.55	6.49
Accounts Receivable, 3 Yr. CAGR %	22.06	26.56	26.78	31.02	28.86
Total Assets, 3 Yr. CAGR %	10.53	11.86	8.2	10.82	16.28
Common Equity, 3 Yr. CAGR %	16.31	13.66	4.07	12.44	16.28
Tangible Book Value, 3 Yr. CAGR %	17.44	13.62	4.16	13.02	16.56
Cash From Operations, 3 Yr. CAGR %	38.15	30.02	23.04	25.82	24.9
Capital Expenditures, 3 Yr. CAGR %	20.41	11.57	10.95	9.26	7.55
Levered Free Cash Flow, 3 Yr. CAGR %	227	91.52	76.46	81.8	42.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	201.64	87.16	73.71	78.76	42.1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.71	15.69	11.31	20.13	20.29
Gross Profit, 5 Yr. CAGR %	18.28	15.86	8.61	23.66	16.91
EBITDA, 5 Yr. CAGR %	27.06	19.3	7.38	29.28	18.42
EBITA, 5 Yr. CAGR %	27.06	19.3	7.38	29.28	18.42
EBIT, 5 Yr. CAGR %	27.16	18.91	8.45	31.45	18.2
Earnings From Cont. Operations, 5 Yr. CAGR %	22.72	22.13	18.68	43.59	20.56
Net Income, 5 Yr. CAGR %	21.19	25.5	18.99	42.43	21.38
Normalized Net Income, 5 Yr. CAGR %	20.64	26.64	15.31	31.48	21.82
Diluted EPS Before Extra, 5 Yr. CAGR %	19.48	24.06	22.81	46.36	23.66
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-0.41
Accounts Receivable, 5 Yr. CAGR %	15.99	19.68	26.14	29.02	25.93
Total Assets, 5 Yr. CAGR %	13.34	8.96	8.41	12.83	13.36
Common Equity, 5 Yr. CAGR %	16.11	14.79	9.05	15.14	13.28
Tangible Book Value, 5 Yr. CAGR %	15.16	16.02	9.44	15.91	13.31
Cash From Operations, 5 Yr. CAGR %	23.67	20	28.36	29.82	26.64
Capital Expenditures, 5 Yr. CAGR %	20.44	22.02	17.74	11.77	6.15
Levered Free Cash Flow, 5 Yr. CAGR %	82.19	39.02	105.99	57.69	40.61
Unlevered Free Cash Flow, 5 Yr. CAGR %	79.79	38.06	96.3	55.62	39.75