Arch Capital Group Ltd. has reported a net income of $1.0 billion for the first quarter of 2026, translating to a net income per share of $2.50, which slightly beats expectations. The company achieved a remarkable 74.6% increase in underwriting income, bolstered by gross premiums totaling $6.4 billion. Despite competition tightening in the underwriting space and some net premium headwinds projected, Arch's consolidated combined ratio stands at a commendable 81.7%. With a current stock price of $95.28, the company maintains a consensus rating of 'Moderate Buy', underscoring its status as a leading large-cap stock under $100.