Market cap
$33.6bn
Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.
Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.
CURRENT OUTLOOK We reported very good results for 2025, with an annualized net income return on average common equity and operating return on average common equity of 20.1% and 17.1%, respectively. While lower mortgage rates are beginning to support increased origination activity, the current market is still constrained due to affordability challenges. Book value per share was $65.11 at December 31, 2025, a 22.6% increase from $53.11 at December 31, 2024. See “Comment on Non-GAAP Financial Measures.” Our annualized net income return on average common equity was 20.1% for 2025, compared to 22.8% for 2024. …ARCH CAPITAL GROUP LTD., 10-K, period ended 2025-12-31, filed 2026-02-26