What does insurance — deferred acquisition costs mean?

Costs incurred to acquire insurance contracts that are capitalized and amortized over the life of the policies. This aligns the recognition of acquisition expenses with the recognition of related premium revenue.

Arch Capital Group ACGL Insurance — Deferred Acquisition Costs

Other segment segments

Reinsurance

$872M-11.1%

Mortgage

$57M0.0%

Similar metrics at other companies

EGInsurance — Deferred Acquisition Costs

$280M+3.7%

EIGInsurance Operations — Deferred policy acquisition costs

$57.1M-4.2%

SPNTDeferred policy acquisition costs

$403.4M+9.2%

SPNTInsurance & Services — Deferred acquisition costs, net

$226.9M+32.8%

HGDeferred policy acquisition costs

$291.31M+20.2%

AXSDeferred policy acquisition costs

$933.8M+49.1%

Other financials

Income statement

See full

Revenue$4.5B-3.3%

Net income$1.0B+82.4%

EPS (diluted)$2.88+94.6%

Balance sheet

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Cash & equivalents$1.8B-10.3%

Total debt$2.4B0.0%

Total equity$24.2B+12.3%

Total assets$81.4B+8.3%

Cash flow

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Operating cash flow$1.2B-18.5%

CapEx$8.0M-11.1%

Free cash flow$1.2B-18.6%

Valuation

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Market cap$33.91B+5.5%

Enterprise value$34.53B+5.2%

P/E7×-1.6×

P/S1.7×0.0×

Profitability

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Net margin24.6%+3.9pp

FCF margin29.6%-6.3pp

Returns & leverage

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Return on equity21.3%+2.9pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Arch Capital Group in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

The official record: Arch Capital Group’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arch Capital Group's insurance — deferred acquisition costs?: Arch Capital Group (ACGL) reported insurance — deferred acquisition costs of $788M in Q4 2025.
How has Arch Capital Group's insurance — deferred acquisition costs changed year-over-year?: Arch Capital Group's insurance — deferred acquisition costs increased by 13.2% year-over-year, from $696M to $788M.
What does insurance — deferred acquisition costs mean?: Costs incurred to acquire insurance contracts that are capitalized and amortized over the life of the policies. This aligns the recognition of acquisition expenses with the recognition of related premium revenue.