Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1361.9%
Neutral733.3%
Bearish14.8%
Arch Capital Group Ltd. · ACGLN · FY2026 Q1 · Calendar Q2 2026
Arch Capital posts strong underwriting results amid pricing pressure
The supplied analysis supports a constructive operating picture: strong underwriting across all three segments, specialty-casualty growth opportunities and technology-enabled integration outweighed flat-to-lower premiums. The analysis also flags property catastrophe pricing, non-renewals and geopolitical losses as material offsets.
Reported Session unavailableNASDAQFinancial Services
$36.29B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.50
Consensus $2.48
EPS surprise
+0.8%
Reported versus consensus
Reported revenue
$4.35B
Consensus $4.55B
Revenue surprise
-4.5%
Reported versus consensus
Market reaction
close-to-close (session unavailable)
Stock move
+0.3%
Event window
SPY move
-0.5%
Same window
Abnormal move
+0.8%
Stock minus SPY
Volume
0.3×
Versus trailing sessions
Subsequent drift
-3.4%
Up to 20 sessions
ACGLNSPY benchmark
Ask FN2 about ACGLN FY2026 Q1
Transcript, numbers and history already loaded
Why did ACGLN rise 0.3% after beating EPS estimates in FY2026 Q1?What changed in ACGLN's guidance and outlook in FY2026 Q1?Give me the bull and bear case for ACGLN after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management highlighted an 18-month AI-accelerated migration of the Allianz middle-market business, strategic non-renewals expected to reduce 2026 net premium return by roughly $250 million, and a larger share-repurchase authorization. The supplied analysis also identified estimated Iran-conflict losses as a new risk factor.
Guidance delta
No formal guidance was provided in the supplied analysis. Management priorities and risk commentary were provided instead.
Key takeaways
- Underwriting income was strong across insurance, reinsurance and mortgage, with a 17.8% ROE.
- Strategic non-renewals are expected to reduce 2026 net premium return but improve loss ratios.
- Specialty casualty offers growth potential, while property catastrophe pricing remains pressured.
Management priorities
- Scale the integrated middle-market commercial platform.
- Continue AI investment in testing, underwriting and system migration.
- Pursue selective acquisitions and partnerships that add scale or competitiveness.
- Maintain disciplined share repurchases while preserving capital flexibility.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JMP Securities | Market Outperform | Market Outperform | Maintain | Oct 12, 2023 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 10, 2023 |
| Barclays | Overweight | Overweight | Maintain | Oct 9, 2023 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 27, 2023 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 26, 2023 |
| UBS | Buy | Buy | Maintain | Apr 30, 2023 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Apr 30, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 27, 2023 |
| Jefferies | Buy | Buy | Maintain | Apr 9, 2023 |
| BMO Capital | Perform | Market Perform | Maintain | Jan 20, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Oct 11, 2021 |
| Credit Suisse | Neutral | Neutral | Maintain | Jan 10, 2021 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 13, 2020 |
| CFRA | Buy | Buy | Maintain | Feb 11, 2020 |
| MKM Partners | Buy | Buy | Maintain | Oct 29, 2019 |
| Buckingham Research | Neutral | Neutral | Maintain | Sep 11, 2019 |
| B of A Securities | Underperform | Underperform | Maintain | Jul 31, 2018 |
| Goldman Sachs | Neutral | Sell | Upgrade | Sep 6, 2016 |
| Macquarie | Neutral | Outperform | Downgrade | Apr 14, 2013 |
| Stifel | Hold | Buy | Downgrade | Dec 9, 2012 |
| Evercore ISI Group | Overweight | Overweight | Maintain | Feb 15, 2012 |
Track every rating change on ACGLN the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationArch Capital Group Ltd., operating globally through its various subsidiaries, specializes in providing a comprehensive range of insurance, reinsurance, and mortgage insurance offerings. Its Insurance division offers an extensive suite of primary and excess coverages. These encompass a variety of general and professional liability policies, including casualty, directors' and officers' (D&O) liability, errors and omissions (E&O) liability, employment practices and fiduciary liability, crime, and professional indemnity, as well as other financially related coverages. The segment also addresses medical professional and general liability, workers' compensation, and umbrella liability, alongside commercial automobile and inland marine products. Additional solutions feature property, energy, marine, aviation, and travel insurance, together with accident, disability, and medical plan coverages.…
Historical context
All ACGLN earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CBOE Cboe Global Markets, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.8% | +6.8% | Cboe posts strong Q3 as options growth and new products advance |
| NWG NatWest Group plc | FY2026 Q3 · Calendar Q4 2026 | +2.0% | -9.0% | NatWest maintains guidance as Q3 growth and capital remain strong |
| ERIE Erie Indemnity Company | FY2026 Q3 · Calendar Q4 2026 | +2.1% | +5.3% | Erie pairs resilient demand initiatives with thin underwriting margins |
| COIN Coinbase Global, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1189.2% | -10.6% | Coinbase offsets lower spot trading with prediction markets and AI agents |
| TPG TPG Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.3% | +7.5% | TPG raises FRE margin outlook as capital formation accelerates |
| AJG Arthur J. Gallagher & Co. | FY2026 Q3 · Calendar Q4 2026 | +0.3% | +2.9% | AJG: Q3 growth and AssuredPartners synergies support outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the ACGLN recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-01T05:40:42.449626+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.