ARCH CAPITAL GROUP LTD.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
ACGL$108.12+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ARCH CAPITAL GROUP LTD. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(U.S. dollars and shares in millions) | ||
|---|---|---|
| December 31, | ||
| 2025 | 2024 | |
| Assets | ||
| Investments: | ||
| Fixed maturities available for sale, at fair value (amortized cost: $32,329 and $27,570; net of allowance for credit losses: $20 and $22) | $32,426 | $27,035 |
| Short-term investments available for sale, at fair value (amortized cost: $2,624 and $2,784; net of allowance for credit losses: $0 and $0 ) | 2,625 | 2,784 |
| Equity securities, at fair value | 1,864 | 1,675 |
| Other investments (portion measured at fair value: $3,136 and $3,066) | 3,136 | 3,066 |
| Investments accounted for using the equity method | 6,453 | 5,980 |
| Total investments | 46,504 | 40,540 |
| Cash | 993 | 979 |
| Accrued investment income | 338 | 298 |
| Investment in operating affiliates | 1,313 | 1,240 |
| Premiums receivable (net of allowance for credit losses: $43 and $45) | 5,723 | 5,634 |
| Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $17 and $17) | 9,526 | 8,260 |
| Contractholder receivables (net of allowance for credit losses: $7 and $5) | 2,270 | 2,161 |
| Ceded unearned premiums | 2,659 | 2,428 |
| Deferred acquisition costs | 1,717 | 1,734 |
| Receivable for securities sold | 180 | 50 |
| Goodwill and intangible assets | 1,222 | 1,351 |
| Other assets | 6,796 | 6,231 |
| Total assets | $79,241 | $70,906 |
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $33,547 | $29,369 |
| Unearned premiums | 10,100 | 10,218 |
| Reinsurance balances payable | 2,320 | 2,137 |
| Contractholder payables | 2,277 | 2,165 |
| Collateral held for insured obligations | 237 | 249 |
| Senior notes | 2,729 | 2,728 |
| Payable for securities purchased | 308 | 181 |
| Other liabilities | 3,517 | 3,039 |
| Total liabilities | 55,035 | 50,086 |
| Commitments and Contingencies (refer to Note 18) | ||
| Shareholders’ Equity | ||
| Non-cumulative preferred shares | 830 | 830 |
| Common shares ($0.0011 par, shares issued: 599.8 and 595.6) | 1 | 1 |
| Additional paid-in capital | 2,735 | 2,510 |
| Retained earnings | 27,045 | 22,686 |
| Accumulated other comprehensive income (loss), net of deferred income tax | 5 | (720) |
| Common shares held in treasury, at cost (shares: 240.8 and 219.2) | (6,410) | (4,487) |
| Total shareholders' equity | 24,206 | 20,820 |
| Total liabilities and shareholders' equity | $79,241 | $70,906 |
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