What is Arch Capital Group's specialty — year three?

Arch Capital Group (ACGL) reported specialty — year three of 14.6% in Q4 2025.

How has Arch Capital Group's specialty — year three changed year-over-year?

Arch Capital Group's specialty — year three increased by 2.8% year-over-year, from 14.2% to 14.6%.

What does specialty — year three mean?

This represents the loss development or performance metrics for the third year of an underwriting cohort's lifecycle. At this stage, more claims have been reported, allowing for more stable actuarial projections. It is critical for assessing the ultimate profitability of the underwriting year.

Arch Capital Group ACGL Specialty — Year Three

Other product segments

Property catastrophe

-23.8%-5.8%

Marine and aviation

19.8%-2.5%

Property excluding property catastrophe

14.5%-1.4%

Casualty

11.8%-0.8%

Similar metrics at other companies

GLRESpecialty — Year 3

43%+2.6pp

SPNTOther Specialties — Year 3

56.1%+29.8pp

AXSInsurance — Year 3

15.3%—

GLREHealth — Year 3

2.4%-0.2pp

KMPRSpecialty Personal Automobile Insurance—Liability — Year 3

89.6%-0.9pp

HMNSpecialty Health — Year Three

2.2%+1.1pp

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$34.08B0.0%

Enterprise value$34.7B-0.2%

P/E7×-2.1×

P/S1.7×-0.1×

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 specialty — year three?: Arch Capital Group (ACGL) reported specialty — year three of 14.6% in Q4 2025.
How has Arch Capital Group's specialty — year three changed year-over-year?: Arch Capital Group's specialty — year three increased by 2.8% year-over-year, from 14.2% to 14.6%.
What does specialty — year three mean?: This represents the loss development or performance metrics for the third year of an underwriting cohort's lifecycle. At this stage, more claims have been reported, allowing for more stable actuarial projections. It is critical for assessing the ultimate profitability of the underwriting year.