Arch Capital Q2 2026 net income falls to $1.0 billion, or $3.00 per share
Arch Capital Group reported second quarter 2026 net income available to common shareholders of $1.0 billion, or $3.00 per diluted share, down from $1.2 billion, or $3.23 per share, a year earlier. Underwriting income fell 19.7% to $657 million and the combined ratio rose to 83.5% from 81.2%, which lowers profit per share and shows weaker underwriting margins for shareholders.
Key points
- Net income available to common shareholders was $1.0 billion, or $3.00 per diluted share, versus $1.2 billion, or $3.23, in the 2025 second quarter.
- After-tax operating income was $893 million, or $2.56 per share, versus $979 million, or $2.58, a year earlier.
- Underwriting income was $657 million, down 19.7% from $818 million, and the combined ratio was 83.5% versus 81.2%.
- The company repurchased $1.2 billion of shares in the quarter, and book value per common share was $68.04 at June 30, 2026.
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 28, 2026.
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.