ACGLHIGH SIGNALFINANCIAL10-K

ACGL executed a massive $1.9B share buyback program while achieving strong operational growth across all key financial metrics.

The 7,770% increase in share buybacks to $1.9B represents an extraordinarily aggressive capital return strategy, reducing outstanding shares by 5.2% from 375M to 356M shares. This massive buyback combined with strong revenue growth of 14.3% and increased net income demonstrates management's confidence in the business and commitment to shareholder returns.

Comparing 2026-02-26 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

ACGL delivered robust growth across all major financial metrics, with revenue increasing 14.3% to $19.9B, net premiums written growing to $16.5B from $15.7B, and net income rising to $4.4B from $4.3B. The company's balance sheet strengthened significantly with stockholders' equity expanding 16.3% to $24.2B and total assets growing 11.8% to $79.2B. The dramatic increase in share buybacks to $1.9B, combined with strong operational performance and balance sheet growth, signals exceptional cash generation and management's aggressive approach to returning capital to shareholders.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
+7770.8%
$24.0M$1.9B

Share repurchases increased 7770.8% — management returning capital, signals confidence in intrinsic value.

Stockholders Equity
Balance Sheet
+16.3%
$20.8B$24.2B

Equity base grew 16.3% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Revenue
P&L
+14.3%
$17.4B$19.9B

Revenue growing 14.3% — solid top-line momentum, watch margins for quality of growth.

Total Assets
Balance Sheet
+11.8%
$70.9B$79.2B

Asset base grew 11.8% — expansion through organic growth, acquisitions, or capital deployment.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-27
ADDED
As of February 23, 2026, there were 355,803,320 of the registrant s common shares outstanding.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 70 ITEM 7A.
This report or any other written or oral statements made by or on behalf of us may include forward-looking statements, which reflect our current views with respect to future events and financial performance, and other information that is not historical information.
Forward-looking statements, for purposes of the PSLRA or otherwise, can generally be identified by the use of forward-looking terminology such as should , could , plans , projects , may, will, expect, intend, estimate, anticipate, believe or continue and other words or statements of similar meaning or their negative version.
Forward-looking statements involve our current assessment of risks and uncertainties beyond management s control.
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REMOVED
As of February 21, 2025, there were 375,357,236 of the registrant s common shares outstanding.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 67 ITEM 7A.
This report or any other written or oral statements made by or on behalf of us may include forward-looking statements, which reflect our current views with respect to future events and financial performance.
Forward-looking statements, for purposes of the PSLRA or otherwise, can generally be identified by the use of forward-looking terminology such as may, will, expect, intend, estimate, anticipate, believe or continue and similar statements of a future or forward-looking nature or their negative or variations or similar terminology.
Forward-looking statements involve our current assessment of risks and uncertainties.
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