Arch Capital Group

Arch’s lines have shown good pricing in recent cycles, lifting underwriting margins. The company posted a combined ratio around 82–83% in 2024, reflecting healthy underwriting profits. This indicates some pricing strength, especially in reinsurance and specialty markets where disciplined capacity can drive premium increases.

However, pricing power is moderate rather than overwhelming – in a soft market Arch would likely need to compete on price. The strong investment income also boosts margins, but this depends on the interest rate environment.

Overall, Arch has decent pricing in favorable market conditions, but its margins fluctuate with the underwriting cycle and catastrophe losses.