Earnings call transcript: Arch Capital tops Q3 2026 estimates on strong underwriting

Arch Capital Group (ACGL) exceeded Wall Street's third-quarter 2026 expectations with after-tax operating income of $910 million, or $2.67 per share, and revenue of $5.39 billion, driven by strong underwriting and limited catastrophe losses. The company returned $1.4 billion to shareholders through buybacks, operating in a "transitioning market" with better opportunities in casualty insurance and reinsurance despite pressures in property and short-tail lines. Management emphasized disciplined underwriting and strategic capital deployment for long-term returns.