Arch Cap

Q2 FY2026 EarningsFY26 Q2 results significantly beat consensus expectations across top and bottom-line metrics. Total revenue reached $4.67B, exceeding the $4.20B estimate (+11.08%), while GAAP Diluted EPS of $3.00 far surpassed the $2.55 mean consensus (+17.81%). The Reinsurance segment was a major outperformer with a 77.5% combined ratio and $410M in underwriting income, despite a 10.4% YoY decline in net premiums written as part of disciplined cycle management. Book Value Per Share (BPS) rose to $68.04, beating the $67.25 estimate, supported by aggressive capital returns including $1.2B in Q2 share repurchases.