Arch reports $1.2 billion in Q2 net income

Arch Capital Group  reported second quarter 2025 net income of $1.2 billion, or $3.23 per share, down slightly from $1.3 billion in the prior-year period. After-tax operating income held steady at $979 million, or $2.58 per share. The company reported $6.2 billion in gross written premiums, up 15%, and a combined ratio of 81.2%, impacted by $154 million in cat losses and $139 million in favorable reserve development.

By segment:

  • Insurance GWP rose 28% to $2.7 billion, aided by the MCE (MidCorp and Entertainment) acquisition; the combined ratio was 93.4%.

  • Reinsurance GWP grew 9% to $3.2 billion, with a 78.5% combined ratio.

  • Mortgage premiums declined, with underwriting income down 17% to $238 million and a combined ratio of 15.2%.

Book value per share reached $59.17, a 7.3% increase from Q1, and the company repurchased $163 million in shares during the quarter.