Arch Capital Q3 EPS Beats, Revenue Near $4.7B

Arch Capital reported Q3 2025 operating EPS of $2.77, beating the Zacks consensus by about 26% and lifting the bottom line roughly 39% year over year. Revenue rose to about $4.7 billion (up ~7.8% YoY) but narrowly missed consensus, while underwriting income and a 680-basis-point improvement in the combined ratio to 79.8 supported results. The Insurance segment’s gross premiums written increased ~9.7% to $2.6 billion and net premiums written were about $2.0 billion, aided by the MCE acquisition. Management returned $732 million via share repurchases, and Seeking Alpha flagged 17.3% book-value growth (the Seeking Alpha note was AI-generated). Arch shares slipped about 1.4% to $85.94, marking a third straight day of losses and underperformance year to date.