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

Arch Capital Group (ACGL) reported specialty — year two of 28.2% in Q4 2025.

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

Arch Capital Group's specialty — year two decreased by 3.4% year-over-year, from 29.2% to 28.2%.

What does specialty — year two mean?

This represents the loss development or performance metrics for the second year of an underwriting cohort's lifecycle. It provides insight into how claims for a specific book of business mature after the initial year. It is a key data point for refining long-term loss projections.

Arch Capital Group ACGL Specialty — Year Two

Other product segments

Property catastrophe

110.1%-34.6%

Property excluding property catastrophe

37%+2.2%

Marine and aviation

24.3%-15.9%

Casualty

8.2%-1.2%

Similar metrics at other companies

GLRESpecialty — Year 2

45%-20.2pp

SPNTOther Specialties — Year 2

44.2%-0.3pp

AXSInsurance — Year 2

38.8%—

KMPRSpecialty Personal Automobile Insurance—Liability — Year 2

77%-0.8pp

SPNTOther Specialties — Year 1

43.9%+2.6pp

HMNSpecialty Health — Year Two

35.1%+6.6pp

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

See full

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

See full

Operating cash flow$1.2B-18.5%

CapEx$8.0M-11.1%

Free cash flow$1.2B-18.6%

Valuation

See full

Market cap$34.08B0.0%

Enterprise value$34.7B-0.2%

P/E7×-2.1×

P/S1.7×-0.1×

Profitability

See full

Net margin24.6%+3.9pp

FCF margin29.6%-6.3pp

Returns & leverage

See full

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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

Ask your AI about Arch Capital Group's specialty — year two.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Arch Capital Group's specialty — year two?: Arch Capital Group (ACGL) reported specialty — year two of 28.2% in Q4 2025.
How has Arch Capital Group's specialty — year two changed year-over-year?: Arch Capital Group's specialty — year two decreased by 3.4% year-over-year, from 29.2% to 28.2%.
What does specialty — year two mean?: This represents the loss development or performance metrics for the second year of an underwriting cohort's lifecycle. It provides insight into how claims for a specific book of business mature after the initial year. It is a key data point for refining long-term loss projections.