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
Extracted filing text, with the paragraph anchors used by the comparison.
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II. Condensed Financial Information of Registrant
Balance Sheet
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Total investments | $40 | $43 |
| Cash | 13 | 13 |
| Investments in subsidiaries | 25,275 | 22,035 |
| Investment in operating affiliates | 3 | 3 |
| Due from subsidiaries and affiliates | 16 | 6 |
| Other assets | 194 | 66 |
| Total assets | $25,541 | $22,166 |
| Liabilities | ||
| Senior notes | $1,288 | $1,287 |
| Due to subsidiaries and affiliates | 6 | 11 |
| Other liabilities | 41 | 48 |
| Total liabilities | 1,335 | 1,346 |
| 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 | $25,541 | $22,166 |
(continued)
Statement of Income
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Revenues | |||
| Net investment income | $3 | $5 | $2 |
| Net realized gains (losses) | (10) | (4) | — |
| Total revenues | (7) | 1 | 2 |
| Expenses | |||
| Corporate expenses | 57 | 116 | 93 |
| Interest expense | 59 | 59 | 59 |
| Total expenses | 116 | 175 | 152 |
| Income (loss) before income taxes and income (loss) from operating affiliates | (123) | (174) | (150) |
| Income tax (expense) benefit | 58 | — | 41 |
| Income (loss) from operating affiliates | (1) | (1) | (1) |
| Income (loss) before equity in net income of subsidiaries | (66) | (175) | (110) |
| Equity in net income of subsidiaries | 4,465 | 4,487 | 4,553 |
| 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 |
(continued)
Statement of Cash Flows
| Year Ended | |||
|---|---|---|---|
| December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating Activities: | |||
| Net Cash Provided By Operating Activities | $1,873 | $2,398 | $46 |
| Investing Activities: | |||
| Net (purchases) sales of short-term investments | 3 | (26) | (8) |
| Acquisitions, net of cash | — | (450) | — |
| Other | 10 | 5 | 1 |
| Net Cash Used For Investing Activities | 13 | (471) | (7) |
| Financing Activities: | |||
| Purchases of common shares under share repurchase program | (1,889) | (24) | — |
| Proceeds from common shares issued, net | 50 | 7 | (2) |
| Common dividends paid | (7) | (1,866) | — |
| Preferred dividends paid | (40) | (40) | (40) |
| Net Cash Used For Financing Activities | (1,886) | (1,923) | (42) |
| Increase (decrease) in cash and restricted cash | — | 4 | (3) |
| Cash and restricted cash, beginning of year | 13 | 9 | 12 |
| Cash and restricted cash, end of period | $13 | $13 | $9 |
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