Arch Capital Pref Share ACGLN 4.55 Perp 06/11/26 G | 8-K: FY2026 Q1 Revenue: USD 4.045 B

Revenue: As of FY2026 Q1, the actual value is USD 4.045 B.

EPS: As of FY2026 Q1, the actual value is USD 2.88.

EBIT: As of FY2026 Q1, the actual value is USD 357 M.

Consolidated Operational Metrics

• Net Income Available to Common Shareholders: Arch Capital Group Ltd. reported net income available to common shareholders of $1,037 million for Q1 2026, an 83.9% increase from $564 million in Q1 2025. This figure was also reported as $1.0 billion for Q1 2026 .
• After-tax Operating Income Available to Common Shareholders: After-tax operating income available to common shareholders was $901 million for Q1 2026, a 53.5% increase from $587 million in Q1 2025 .
• Annualized Net Income Return on Average Common Equity: This metric was 17.8% for Q1 2026, up from 11.1% for Q1 2025 .
• Annualized Operating Return on Average Common Equity: This metric was 15.4% for Q1 2026, up from 11.5% for Q1 2025 .
• Underwriting Income: Underwriting income increased by 74.6% to $728 million for Q1 2026, compared to $417 million for Q1 2025 .
• Net Premiums Earned: Net premiums earned decreased by -4.8% to $3,986 million in Q1 2026, from $4,188 million in Q1 2025 .
• Loss Ratio: The loss ratio improved by -9.4 percentage points, decreasing to 52.4% in Q1 2026 from 61.8% in Q1 2025 .
• Underwriting Expense Ratio: The underwriting expense ratio was 29.3% for Q1 2026, an increase of 1.0 percentage point from 28.3% for Q1 2025 . This comprises an acquisition expense ratio of 18.3% (flat YoY) and an other operating expense ratio of 11.0% (up 1.0 percentage point YoY) .
• Combined Ratio: The combined ratio improved by -8.4 percentage points to 81.7% for Q1 2026, from 90.1% for Q1 2025 .
• Combined Ratio Excluding Catastrophic Activity and Prior Year Development: This ratio was 82.3% for Q1 2026, compared to 81.0% for Q1 2025 .
• Pre-tax Current Accident Year Catastrophic Losses (net of reinsurance and reinstatement premiums): These losses amounted to $174 million .
• Favorable Development in Prior Year Loss Reserves (net of related adjustments): This development was $200 million .
• Comprehensive Income (Loss): Comprehensive income was $709 million in Q1 2026, a -20.0% decrease from $886 million in Q1 2025 .

Investment Results

• Pre-tax Net Investment Income: This increased by 7.9% to $408 million for Q1 2026, compared to $378 million for Q1 2025 .
• Net Realized Gains (Losses): Net realized losses were - $87 million for Q1 2026, compared to gains of $3 million for Q1 2025 .
• Equity in Net Income of Investments Accounted for Using the Equity Method: This was $160 million for Q1 2026, compared to $53 million for Q1 2025 .
• Pre-tax Investment Income Yield, at Amortized Cost: This yield was 3.99% for Q1 2026, compared to 4.16% for Q1 2025 .
• Total Return on Investments: This was 0.10% for Q1 2026, compared to 2.02% for Q1 2025 .

Segment Revenue and Operational Metrics

Insurance Segment

• Gross Premiums Written: $2,697 million for Q1 2026, a 2.0% increase from $2,645 million for Q1 2025 .
• Net Premiums Written: $1,906 million for Q1 2026, a -1.4% decrease from $1,933 million for Q1 2025. Adjusting for non-renewal programs related to the MCE Acquisition, net premiums written would have increased by 1.1% .
• Net Premiums Earned: $1,871 million for Q1 2026, a 0.6% increase from $1,860 million for Q1 2025 .
• Underwriting Income: $66 million for Q1 2026, compared to - $2 million for Q1 2025 .
• Combined Ratio: 96.5% for Q1 2026, an improvement of -3.6 percentage points from 100.1% for Q1 2025 .
• Current Accident Year Catastrophic Events (Loss Ratio Impact): 4.2 percentage points for Q1 2026, compared to 9.5 percentage points for Q1 2025 .
• Net Favorable Development in Prior Year Loss Reserves (Loss Ratio Impact): -0.7 percentage points for Q1 2026, compared to -0.9 percentage points for Q1 2025 .

Reinsurance Segment

• Gross Premiums Written: $3,414 million for Q1 2026, a -2.3% decrease from $3,494 million for Q1 2025 .
• Net Premiums Written: $2,176 million for Q1 2026, a -6.0% decrease from $2,316 million for Q1 2025, primarily due to a reduction in property catastrophe business and lower reinstatement premiums .
• Net Premiums Earned: $1,831 million for Q1 2026, a -9.7% decrease from $2,028 million for Q1 2025 .
• Underwriting Income: $441 million for Q1 2026, a 164.1% increase from $167 million for Q1 2025 .
• Combined Ratio: 75.9% for Q1 2026, an improvement of -15.9 percentage points from 91.8% for Q1 2025 .
• Current Accident Year Catastrophic Events (Loss Ratio Impact): 5.2 percentage points for Q1 2026, compared to 18.3 percentage points for Q1 2025 .
• Net Favorable Development in Prior Year Loss Reserves (Loss Ratio Impact): -8.3 percentage points for Q1 2026, compared to -5.9 percentage points for Q1 2025 .

Mortgage Segment

• Gross Premiums Written: $316 million for Q1 2026, a -3.1% decrease from $326 million for Q1 2025, driven by lower U.S. monthly premium business .
• Net Premiums Written: $266 million for Q1 2026, flat compared to Q1 2025, reflecting lower cessions on U.S. primary business .
• Net Premiums Earned: $284 million for Q1 2026, a -5.3% decrease from $300 million for Q1 2025 .
• Underwriting Income: $221 million for Q1 2026, a -12.3% decrease from $252 million for Q1 2025 .
• Combined Ratio: 22.3% for Q1 2026, an increase of 6.2 percentage points from 16.1% for Q1 2025 .
• Net Favorable Development of Prior Year Loss Reserves (Loss Ratio Impact): -19.2 percentage points for Q1 2026, compared to -20.4 percentage points for Q1 2025, primarily due to better than expected cure rates .
• PMIER Sufficiency Ratio (Arch MI U.S.): This ratio was 175% as of March 31, 2026, compared to 186% as of March 31, 2025 . If GSEs had fully implemented updated PMIERs, the pro-forma ratio would have been 173% .
• Insurance In Force (IIF): Total IIF was $480,084 million as of March 31, 2026, compared to $494,772 million as of March 31, 2025 .
• Risk In Force (RIF): Total RIF was $87,615 million as of March 31, 2026, compared to $88,038 million as of March 31, 2025 .

Corporate Expenses and Other

• Corporate Expenses: - $31 million for Q1 2026, compared to - $50 million for Q1 2025, reflecting the benefit of Bermuda qualified refundable tax credits .
• Amortization of Intangible Assets: - $30 million for Q1 2026, compared to - $49 million for Q1 2025 .
• Interest Expense: - $37 million for Q1 2026, compared to - $35 million for Q1 2025 .
• Net Foreign Exchange Gains (Losses): Net gains were $21 million for Q1 2026, compared to net losses of - $27 million for Q1 2025 .
• Effective Tax Rate on Income Before Income Taxes: This was 8.6% for Q1 2026, compared to 17.4% for Q1 2025, primarily driven by tax law changes in Bermuda and the United Kingdom .
• Income from Operating Affiliates: This was $36 million for Q1 2026, compared to $17 million for Q1 2025 .

Cash Flow

• Net Cash Provided by Operating Activities: Net cash provided by operating activities was $1,188 million for the three months ended March 31, 2026, an 18.5% decrease from $1,458 million in Q1 2025 . The report mentions strong operating cash flows but does not provide specific figures for free cash flow .

Outlook / Guidance

• The report does not provide explicit forward-looking guidance or outlook statements regarding future financial performance or operational targets. It includes a standard cautionary note regarding forward-looking statements .