Arch Capital Reports 2026 First Quarter Results
Arch Capital Group Ltd. announced its 2026 first quarter results, saying “we started the year on an excellent note, delivering an annualized operating return on average common equity of 15.4%, which reflects our disciplined approach to underwriting and capital allocation.”
A spokesperson said, “Arch Capital Group Ltd. [ACGL] announces its 2026 first quarter results. The results included:
- Net income available to Arch common shareholders of $1.0 billion, or $2.88 per share, representing a 17.8% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $564 million, or $1.48 per share, for the 2025 first quarter.
- After-tax operating income available to Arch common shareholders[1] of $901 million, or $2.50 per share, representing a 15.4% annualized operating return on average common equity[1], compared to $587 million, or $1.54 per share, for the 2025 first quarter.
- Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $174 million.
- Favorable development in prior year loss reserves, net of related adjustments, of $200 million.
- Combined ratio excluding catastrophic activity and prior year development[1] of 82.3%, compared to 81.0% for the 2025 first quarter.
- Share repurchases of $783 million.
- Book value per common share of $66.19 at March 31, 2026, a 1.7% increase from December 31, 2025.
“We started the year on an excellent note, delivering an annualized operating return on average common equity of 15.4%, which reflects our disciplined approach to underwriting and capital allocation,” said Arch CEO Nicolas Papadopoulo. “Our underwriting and cycle management expertise, supported by a strong balance sheet, continue to differentiate Arch and position us to generate best-in-class returns through the cycle.”
