Arch Capital Q2 Net Income $1.0B; Operating Income $893M
Arch Capital Group Ltd. reported Q2 2026 net income of $1.0 billion, or $3.00 per share, and after-tax operating income of $893 million, or $2.56 per share, both down from the prior year. Gross premiums written saw a slight decrease, while the combined ratio increased. Despite some declining metrics, the CEO highlighted solid underwriting performance across all segments and a 2.8% increase in book value per common share. The company also completed $1.2 billion in share repurchases and issued $2.0 billion in new senior notes.
Key Highlights
- Net income available to common shareholders was $1.0 billion ($3.00 per share) for Q2 2026, down from $1.2 billion ($3.23 per share) in Q2 2025.
- After-tax operating income available to common shareholders was $893 million ($2.56 per share) for Q2 2026, down from $979 million ($2.58 per share) in Q2 2025.
- Gross premiums written decreased 1.1% to $6.13 billion, while net premiums written decreased 6.9% to $4.05 billion.
- The combined ratio increased to 83.5% in Q2 2026 from 81.2% in Q2 2025.
- Book value per common share increased 2.8% to $68.04 at June 30, 2026, from March 31, 2026.
- The company repurchased $1.2 billion in shares during the quarter.
- Issued $2.0 billion in senior notes and repurchased $417.8 million of existing senior notes.
- Pre-tax current accident year catastrophic losses were $201 million.
Price Impact
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