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Arch Capital Group Ltd (ACGL)
NASDAQ:ACGL
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.45Last Year’s EPS
1.54Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operating and capital results — record and multi-year achievements across segments, robust cash generation, meaningful share repurchases, and improved book value — while also acknowledging increasing competition, rate pressure (notably in property catastrophe), some top-line declines and one-time tax/expense benefits that may not repeat. Management emphasized disciplined cycle management, underwriting focus and capital flexibility to navigate margin pressure and fund buybacks or deployment opportunities.Company Guidance
Strong Quarterly and Annual Earnings
Q4 after-tax operating income of $1.1 billion, up 26% year-over-year; full year after-tax operating income of $3.7 billion (a new high); after-tax operating earnings per share of $9.84 for 2025.
Excellent Underwriting Metrics
Quarterly consolidated combined ratio of 80.6% and overall ex-cap accident year combined ratio of 79.5% (down 100 basis points from prior quarter); full-year combined ratio of 80.8%, the lowest since 2016.
Record Reinsurance and Consistent Mortgage Performance
Reinsurance delivered a record $1.6 billion of underwriting income for the year with a Q4 combined ratio ex-cat and prior development of 74.9%; mortgage segment produced $1 billion of underwriting income for the year (fourth consecutive year > $1B) and Q4 underwriting income of $250 million.
Strong Capital Generation and Share Buybacks
Operating cash flow of $6.2 billion for 2025; repurchased $1.9 billion of common stock in 2025 (21.2 million shares, ~5.6% of outstanding shares at start of year), including $798 million in Q4 and an incremental $349 million repurchased through the night after the release.
Material Book Value and Return Metrics
Book value per share increased 22.6% in 2025; compound annual growth rate in excess of 15% since 2001; annualized operating return on average common equity of 17.1% for 2025 and reported annualized net income return on average common equity of 21.2% (quarterly metric cited).
Investment Income and Asset Base
Investments generated $434 million of net investment income in the quarter and equity-method income added $155 million; combined investment and equity-method income of $589 million ($1.60 per share pretax) and total investable assets surpassed ~$47.4 billion at year-end.
Favorable Prior-Year Development and Reserve Movements
Underwriting income included $118 million of favorable prior-year development pretax in Q4 (approx. 2.8 points improvement to combined ratio); mortgage cure activity produced favorable reserve development in the quarter.
Tax Credit Benefit and Expense Guidance
Recognized full-year effect of Bermuda qualified refundable tax credits (QRTCs) in 2025 which materially lowered the effective tax rate (14.9% vs prior 16%-18% guidance) and is expected to reduce reinsurance operating expense ratio to ~3.9%-4.5% and corporate expenses to ~$80-$90 million in 2026 (benefit noted as mainly one-time).
ACGL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ACGL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $96.06 | $97.85 | +1.86% |
Oct 27, 2025 | $85.94 | $84.72 | -1.42% |
Jul 29, 2025 | $86.12 | $85.61 | -0.59% |
Apr 29, 2025 | $92.39 | $90.68 | -1.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Arch Capital Group Ltd (ACGL) report earnings?
Arch Capital Group Ltd (ACGL) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Arch Capital Group Ltd (ACGL) earnings time?
Arch Capital Group Ltd (ACGL) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACGL EPS forecast?
ACGL EPS forecast for the fiscal quarter 2026 (Q1) is 2.45.