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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Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
| (a) Financial Statements, Financial Statement Schedules and Exhibits. | |
|---|---|
| 1. Financial Statements | |
| Included in Part II – see Item 8 of this report. | |
| 2. Financial Statement Schedules | |
| Page No. | |
| II. Condensed Financial Information of Registrant | |
| As of December 31, 2025 and 2024, and for the years ended December 31, 2025, 2024 and 2023 | 184 |
| III. Supplementary Insurance Information | |
| For the years ended December 31, 2025, 2024 and 2023 | 187 |
| IV. Reinsurance | |
| For the years ended December 31, 2025, 2024 and 2023 | 188 |
| VI. Supplementary Information for Property and Casualty Insurance Underwriters | |
| For the years ended December 31, 2025, 2024 and 2023 | 189 |
Schedules other than those listed above are omitted for the reason that they are not applicable or the information is provided in Item 8 of this report.
- Exhibits
| Incorporated by Reference | ||||
|---|---|---|---|---|
| Exhibit Number · Exhibit Description · Form · Original Number · Date Filed · Filed Herewith | ||||
| 3.1 | Memorandum of Association of ACGL | S-4 | 3.1 | September 8, 2000 |
| 3.2 | Bye-Laws of ACGL | 10-Q | 3 | August 5, 2016 |
| 3.3 | ACGL Certificate of Deposit of Memorandum of Increase of Share Capital | 10-K | 3.3 | February 28, 2011 |
| 4.1 | Indenture, dated as of May 4, 2004, between ACGL, as issuer, and The Bank of New York Mellon, as successor trustee to JPMorgan Chase Bank, N.A. (formerly JPMorgan Chase Bank) (“JPMCB”), as trustee | 8-K | 99.2 | May 7, 2004 |
| 4.2 | First Supplemental Indenture, dated as of May 4, 2004, between ACGL, as issuer, and JPMCB, as trustee | 8-K | 99.3 | May 7, 2004 |
| 4.3 | Second Supplemental Indenture, dated as of June 30, 2020, by and between Arch Capital Group Ltd. and The Bank of New York Mellon (including the form of Global Notes for the Notes). | 8-K | 4.2 | June 30, 2020 |
| 4.4.1 | Indenture, dated as of December 13, 2013, among Arch Capital Group (U.S.) Inc. (“Arch U.S.”), as issuer, ACGL, as guarantor, and The Bank of New York Mellon (“BNYM”), as trustee | 8-K | 4.1 | December 13, 2013 |
| 4.4.2 | First Supplemental Indenture, dated as of December 13, 2013, among Arch U.S., as issuer, ACGL, as guarantor, and BNYM, as trustee | 8-K | 4.2 | December 13, 2013 |
| 4.4.3 | Second Supplemental Indenture, dated as of May 10, 2018, among Arch Capital Finance LLC, as issuer, ACGL, as guarantor, and BNYM, as trustee | 8-K | 4.1 | May 15, 2018 |
| 4.5.1 | Deposit Agreement, dated August 17, 2017, between ACGL, as issuer, and AST, as depositary, registrar and transfer agent and as dividend disbursing agent and redemption agent, and the holders from time to time of the depositary receipts | 8-K | 4.3 | August 17, 2017 |
| 4.5.2 | Deposit Agreement, dated June 11, 2021, between ACGL, as issuer, and AST, as depositary, registrar and transfer agent and as dividend disbursing agent and redemption agent, and the holders from time to time of the depositary receipts | 8-K | 4.3 | June 11, 2021 |
| 4.6.1 | Form of Depositary Receipt, dated August 17, 2017 | 8-K | 4.4 | August 17, 2017 |
| 4.6.2 | Form of Depositary Receipt, dated June 11, 2021 | 8-K | 4.4 | June 11, 2021 |
| 4.7.1 | Indenture, dated as of December 8, 2016, among Arch Capital Finance LLC, as issuer, ACGL, as guarantor, and BNYM, as trustee | 8-K | 4.1 | December 9, 2016 |
| 4.7.2 | First Supplemental Indenture, dated as of December 8, 2016, among Arch Capital Finance LLC, as issuer, ACGL, as guarantor, and BNYM, as trustee | 8-K | 4.2 | December 9, 2016 |
| 4.8.1 | Certificate of Designations of Series F Non-Cumulative Preferred Shares | 8-K | 4.1 | August 17, 2017 |
| 4.8.2 | Certificate of Designations of Series G Non-Cumulative Preferred Shares | 8-K | 4.1 | June 11, 2021 |
| 4.8.3 | Specimen Common Share Certificate | 10-K | 4.1 | April 2, 2001 |
| 4.8.4 | Specimen Series F Non-Cumulative Preferred Share Certificate | 8-K | 4.2 | August 17, 2017 |
| 4.8.5 | Specimen Series G Non-Cumulative Preferred Share Certificate | 8-K | 4.2 | June 11, 2021 |
| 4.9 | Description of Securities | 10-K | 4.8 | February 25, 2022 |
| 10.1.1 | Third Amended and Restated ACGL Incentive Compensation Plan† | 10-Q | 10.7 | August 5, 2016 |
| 10.1.2 | First Amendment to Third Amended and Restated ACGL Incentive Compensation Plan† | 10-Q | 10.1 | May 5, 2017 |
| 10.1.3 | Second Amendment to Third Amended and Restated ACGL Incentive Compensation Plan† | 10-K | 10.2.3 | February 25, 2022 |
| 10.1.4 | Third Amendment to Third Amended and Restated ACGL Incentive Compensation Plan† | 10-Q | 10.1 | May 4, 2023 |
| 10.2.1 | ACGL 2018 Long Term Incentive and Share Award Plan† | DEF 14A | March 28, 2018 | |
| 10.2.2 | ACGL Amended and Restated 2018 Long Term Incentive and Share Award Plan† | 10-Q | 10.2 | August 5, 2025 |
| 10.2.3 | ACGL Amended and Restated 2007 Employee Share Purchase Plan† | DEF 14A | March 23, 2023 | |
| 10.2.4 | Second Amended and Restated ACGL 2007 Employee Share Purchase Plan† | 10-Q | 10.4 | August 5, 2025 |
| 10.2.5 | ACGL 2022 Long Term Incentive and Share Award Plan† | 8-K | 10.1 | May 4, 2022 |
| 10.2.6 | ACGL Amended and Restated 2022 Long Term Incentive and Share Award Plan† | 10-Q | 10.3 | August 5, 2025 |
| 10.3.1 | Form of Restricted Share Agreement for Named Executive Officers and certain Executive Officers of ACGL and subsidiaries† | 10-Q | 10.3 | August 8, 2018 |
| 10.3.2 | Form of Restricted Share Agreement between ACGL and each of the Non-Employee Directors of ACGL† | 10-Q | 10.1 | August 5, 2025 |
| 10.3.3 | Form of Performance Restricted Share Agreement for Named Executive Officers and certain Executive Officers of ACGL and subsidiaries† | 10-Q | 10.5 | August 8, 2018 |
| 10.3.5 | Form of Non-Qualified Stock Option Agreement, dated as of May 13, 2016, between ACGL and each of Nicolas Papadopoulo, Maamoun Rajeh and Louis T. Petrillo† | 10-Q | 10.3 | August 5, 2016 |
| 10.3.6 | Form of Non-Qualified Stock Option Agreement, dated as of May 8, 2017, between ACGL and each of Nicolas Papadopoulo, Maamoun Rajeh and Louis T. Petrillo† | 10-Q | 10.5 | August 4, 2017 |
| 10.3.7 | Non-Qualified Stock Option Agreement, dated as of September 19, 2017, between ACGL and Maamoun Rajeh† | 10-K | 10.5.6 | February 28, 2018 |
| 10.3.8 | Non-Qualified Stock Option Agreement, dated as of September 19, 2017, between ACGL and Nicolas Papadopoulo† | 10-K | 10.5.7 | February 28, 2018 |
| 10.3.9 | Form of Non-Qualified Stock Option Agreement for Named Executive Officers and certain Executive Officers of ACGL and subsidiaries† | 10-Q | 10.4 | August 8, 2018 |
| 10.4.1 | Employment Agreement, dated as of October 27, 2008, between ACGL and John D. Vollaro† | 8-K | 10.1 | October 28, 2008 |
| 10.4.2 | Amendment to Employment Agreement, dated February 27, 2015, between ACGL and John D. Vollaro† | 10-Q | 10.1 | May 8, 2015 |
| 10.4.3 | Second Amendment to Employment Agreement, dated as of January 1, 2018, between ACGL and John D. Vollaro† | 10-Q | 10.1 | May 9, 2018 |
| 10.5.1 | Employment Agreement, dated as of September 19, 2017 between ACGL and Maamoun Rajeh† | 10-Q | 10.26 | November 3, 2017 |
| 10.5.2 | Amendment to Employment Agreement, dated as of November 7, 2024, between Arch Capital Group Ltd. and Maamoun Rajeh † | 8-K | 10.2 | November 8, 2024 |
| 10.6.1 | Employment Agreement, dated as of September 19, 2017 between ACGL and Nicholas Papadopoulo† | 10-Q | 10.27 | November 3, 2017 |
| 10.6.2 | Amendment to Employment Agreement, dated as of October 13, 2024, between ACGL and Nicolas Papadopoulo † | 10-Q | 10.2 | November 7, 2024 |
| 10.7 | Employment Agreement, dated as of May 25, 2018, between ACGL and François Morin† | 8-K/A | 10.1 | July 26, 2018 |
| 10.8 | Employment Agreement, dated as of November 13, 2018, between Arch Capital Services Inc. and Louis Petrillo† | 10-K | 10.16 | February 28, 2019 |
| 10.9.1 | Employment Agreement dated as of October 1,2019 between Arch Capital Group Ltd. and David Gansberg † | 10-K | 10.16 | February 28, 2020 |
| 10.9.2 | Amendment to Employment Agreement, dated as of November 7, 2024, between Arch U.S. MI Services Inc. and David Gansberg † | 8-K | 10.1 | November 8, 2024 |
| 10.9.3 | Second Amendment to Employment Agreement, dated as of December 11, 2024, between Arch Capital Group (U.S.) Inc. and David Gansberg† | 10-K | 10.24 | February 27, 2025 |
| 10.10 | Employment Agreement dated as of May 7, 2021 between Arch Capital Group Ltd. and Christine Todd † | 10-Q | 10.1 | August 5, 2021 |
| 10.11 | Arch U.S. Executive Supplemental Non-Qualified Savings and Retirement Plan† | 10-K | 10.24 | March 2, 2009 |
| 10.13.1 | Fourth Amended and Restated Credit Agreement, dated as of August 23, 2023, by and among Arch Capital Group Ltd., certain of its subsidiaries, Bank of America, N.A., as Administrative Agent, and the lenders party thereto(1) | 10-Q | 10.1 | November 9, 2023 |
| 10.13.2 | Consent and First Amendment to Fourth Amended and Restated Credit Agreement, dated as of August 1, 2025 | 10-Q | 10.1 | November 6, 2025 |
| 10.14 | Letter of Credit Facility Agreement, dated as of September 27, 2023, by and between Arch Reinsurance Ltd., as the borrower and Lloyds Bank Corporate Markets plc, as the L/C Issuer | 8-K | 10.1 | October 2, 2023 |
| 10.15.1 | Amendment No. 3 and Joinder to Letter of Credit Facility Agreement, dated as of October 25, 2023, by and between Arch Reinsurance Ltd., as the borrower and Lloyds Bank Corporate Markets plc, as the Administrative Agent and L/C Agent. | 8-K | 10.1 | October 30, 2023 |
| 10.15.2 | Amendment No. 4 to Letter of Credit Facility Agreement dated as of October 30, 2024 by and between Arch Reinsurance Ltd., as the borrower and Lloyds Bank. | 8-K | 10.1 | November 4, 2024 |
| 10.15.3 | Amendment No. 5 to Letter of Credit Facility Agreement dated as of October 29, 2025 by and between Arch Reinsurance Ltd., as the borrower and Lloyds Bank Corporate Markets plc as Administrative Agent and L/C Agent | 8-K | 10.1 | November 3, 2025 |
| 10.16.1 | Master Transaction Agreement, dated as of April 5, 2024, by and between Allianz Global Risks US Insurance Company and Arch Capital Group Ltd. | 8-K | 10.1 | April 5, 2024 |
| 10.16.2 | Amendment No. 1 to Master Transaction Agreement, dated as of August 1, 2024, by and among Arch Capital Group Ltd., Allianz Global Risks US Insurance. | 8-K | 2.2 | August 1, 2024 |
| 10.17 | Form of Non-Qualified Stock Option Outperformance Award Agreement for Named Executive Officers and certain Executive Officers of ACGL and subsidiaries† | 10-K | 10.21 | February 27, 2025 | |
| 10.18 | Form of Restricted Share Outperformance Award Agreement between ACGL and each of Nicolas Papadopoulo, Maamoun Rajeh and David Gansberg† | 10-K | 10.22 | February 27, 2025 | |
| 10.19 | Form of Restricted Share Outperformance Award Agreement between ACGL and each of François Morin, Christine Todd and certain other Executive Officers of ACGL† | 10-K | 10.23 | February 27, 2025 | |
| 19.1 | Policy Statement on Insider Trading and Confidential Information | 10-K | 19.1 | February 27, 2025 | |
| 21 | Subsidiaries of Registrant | X | |||
| 23 | Consent of PricewaterhouseCoopers LLP | X | |||
| 24 | Power of Attorney | X | |||
| 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | X | |||
| 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | X | |||
| 32.1 | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | X* | |||
| 32.2 | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | X* | |||
| 97.1 | Policy relating to recovery of erroneously awarded compensation, as required by Nasdaq listing standards adopted pursuant to 17 CFR 240.10D. | 10-K | 97.1 | February 23, 2024 | |
| 101 | The following financial information from ACGL’s Annual Report on Form 10-K for the year ended December 31, 2025 formatted in Inline XBRL: (i) Consolidated Balance Sheets at December 31, 2025 and 2024; (ii) Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023; (iii) Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024 and 2023; (iv) Consolidated Statements of Changes in Shareholders’ Equity for the years ended December 31, 2025, 2024 and 2023; (v) Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023; and (vi) Notes to Consolidated Financial Statements | X | |||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
† Management contract or compensatory plan or arrangement.
- Furnished herewith.
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