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$109.14+0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| ARCH CAPITAL GROUP LTD. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(U.S. dollars and shares in millions, except per share data) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Net premiums earned | $17,065 | $15,100 | $12,440 |
| Net investment income | 1,625 | 1,495 | 1,023 |
| Net realized gains (losses) | 464 | 197 | (165) |
| Other underwriting income | 217 | 26 | 31 |
| Equity in net income of investments accounted for using the equity method | 504 | 580 | 278 |
| Other income (loss) | 54 | 42 | 27 |
| Total revenues | 19,929 | 17,440 | 13,634 |
| Expenses | |||
| Losses and loss adjustment expenses | 9,370 | 8,342 | 6,246 |
| Acquisition expenses | 3,153 | 2,651 | 2,312 |
| Other operating expenses | 1,826 | 1,472 | 1,301 |
| Corporate expenses | 132 | 200 | 102 |
| Amortization of intangible assets | 193 | 235 | 95 |
| Interest expense | 148 | 141 | 133 |
| Net foreign exchange losses (gains) | 128 | (75) | 60 |
| Total expenses | 14,950 | 12,966 | 10,249 |
| Income before income taxes and income (loss) from operating affiliates | 4,979 | 4,474 | 3,385 |
| Income taxes: | |||
| Current tax expense (benefit) | 586 | 397 | 288 |
| Deferred tax expense (benefit) | 174 | (35) | (1,161) |
| Income tax expense (benefit) | 760 | 362 | (873) |
| Income (loss) from operating affiliates | 180 | 200 | 184 |
| Net income | $4,399 | $4,312 | $4,442 |
| Net (income) loss attributable to noncontrolling interests | — | — | 1 |
| Net income available to Arch | 4,399 | 4,312 | 4,443 |
| Preferred dividends | (40) | (40) | (40) |
| Net income available to Arch common shareholders | $4,359 | $4,272 | $4,403 |
| Net income per common share and common share equivalent | |||
| Basic | $11.83 | $11.47 | $11.94 |
| Diluted | $11.60 | $11.19 | $11.62 |
| Weighted average common shares and common share equivalents outstanding | |||
| Basic | 368.4 | 372.5 | 368.7 |
| Diluted | 375.9 | 381.8 | 378.8 |
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