Arch Capital Group (ACGL) FY2024 results: revenue $17.4 billion, up 27.9% on the year
Arch Capital Group Ltd. (ACGL) reported revenue of $17.4 billion for fiscal 2024, the year ended 31 December 2024, up 27.9% on the year before. Net income was $4.3 billion, down 2.9%, and diluted earnings per share $11.19. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$17.4 billion
+27.9% on the year
FY2017FY2024
Operating margin
25.7%
24.8% a year earlier
FY2017FY2024
Net income
$4.3 billion
-2.9% on the year
FY2017FY2024
Diluted EPS
$11.19
-3.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
6,673
5,749
3,815
+16.1%
Capital expenditure
51.0
52.0
50.0
-1.9%
Free cash flow
6,622
5,697
3,765
+16.2%
Free cash flow margin
38.0%
41.8%
39.2%
Cash from investing
-4,461
-5,468
-3,102
Cash from financing
-1,925
-69.0
-706
Share-based compensation
133
93.0
88.0
+43.0%
Buybacks
24.0
0.0
586
Dividend per share
$5.00
n/a
n/a
Diluted shares, weighted
382m
379m
378m
+0.8%
Shares outstanding at period end
376m
373m
370m
+0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
20,820
18,353
12,910
+13.4%
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
0.0
2.0
11.0
Debt
2,728
2,726
2,725
+0.1%
Other liabilities
47,358
37,825
32,344
+25.2%
Total liabilities and equity
70,906
58,906
47,991
+20.4%
Goodwill
571
345
342
+65.5%
Intangible assets
701
316
393
+121.8%
Securities held for sale or to maturity
29,819
25,616
21,014
+16.4%
Cash and equivalents
979
917
855
+6.8%
Other assets
38,836
31,712
25,385
+22.5%
Total assets
70,906
58,906
47,991
+20.4%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.