Arch Capital second-quarter net income $1.2 billion, $3.23 per share vs. $3.30 a year earlier
Arch Capital Group reported second-quarter 2025 net income available to common shareholders of $1.2 billion, or $3.23 per diluted share, down from $1.3 billion, or $3.30 per share, a year earlier. Operating income was $979 million, or $2.58 per share, roughly flat with $2.57 per share in the 2024 quarter, while net premiums earned rose 21.7% and book value per share reached $59.17. The mixed results reflect higher premium volume and underwriting income offset by a weaker combined ratio and lower reported net income.
Key points
- Net income available to common shareholders was $1.2 billion, or $3.23 per share, vs. $1.3 billion, or $3.30 per share, in the second quarter of 2024.
- After-tax operating income was $979 million, or $2.58 per share, vs. $981 million, or $2.57 per share, a year earlier.
- Underwriting income rose 7.3% to $818 million, and the combined ratio excluding catastrophic activity and prior year development was 80.9%, up from 76.7%.
- Share repurchases totaled approximately $163 million, and book value per common share was $59.17 at June 30, 2025, up 7.3% from March 31, 2025.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.