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Side-by-side financial comparison of Arch Capital Group (ACGL) and Brighthouse Financial, Inc. (BHFAL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Arch Capital Group is the larger business by last-quarter revenue ($4.9B vs $1.7B, roughly 2.9× Brighthouse Financial, Inc.). Arch Capital Group runs the higher net margin — 25.1% vs 8.2%, a 16.9% gap on every dollar of revenue. On growth, Brighthouse Financial, Inc. posted the faster year-over-year revenue change (40.2% vs 8.5%). Over the past eight quarters, Brighthouse Financial, Inc.'s revenue compounded faster (377.7% CAGR vs 11.9%).
Arch Capital Group Ltd. is a Bermuda exempted public company which writes insurance, reinsurance and mortgage insurance on a worldwide basis, with a focus on specialty lines, the segment of the insurance industry where the more difficult and unusual risks are written. The company is headquartered in Bermuda and operates globally in 60 offices in North America, Europe, Asia and Australia.
Brighthouse Financial, Inc. is an American insurance company, headquartered in Charlotte, North Carolina, that sells annuity and life insurance. As of March 2018, Brighthouse was one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and around 2.6 million insurance policies and annuity contracts in-force . During the same year Brighthouse Financial along with 90 additional Fortune 500 companies "paid an effective federal tax rate ...
ACGL vs BHFAL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $1.7B |
| Net Profit | $1.2B | $138.0M |
| Gross Margin | — | — |
| Operating Margin | — | 8.9% |
| Net Margin | 25.1% | 8.2% |
| Revenue YoY | 8.5% | 40.2% |
| Net Profit YoY | 32.4% | -79.5% |
| EPS (diluted) | $3.33 | $1.84 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $4.9B | $1.7B | ||
| Q3 25 | $5.1B | $1.8B | ||
| Q2 25 | $5.2B | $871.0M | ||
| Q1 25 | $4.7B | $2.4B | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.7B | $2.0B | ||
| Q2 24 | $4.2B | $1.4B | ||
| Q1 24 | $3.9B | $74.0M |
| Q4 25 | $1.2B | $138.0M | ||
| Q3 25 | $1.4B | $479.0M | ||
| Q2 25 | $1.2B | $85.0M | ||
| Q1 25 | $574.0M | $-268.0M | ||
| Q4 24 | $935.0M | $672.0M | ||
| Q3 24 | $988.0M | $176.0M | ||
| Q2 24 | $1.3B | $34.0M | ||
| Q1 24 | $1.1B | $-493.0M |
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | -14.8% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | -829.7% |
| Q4 25 | 25.1% | 8.2% | ||
| Q3 25 | 26.4% | 26.4% | ||
| Q2 25 | 23.7% | 9.8% | ||
| Q1 25 | 12.3% | -11.2% | ||
| Q4 24 | 20.6% | 55.8% | ||
| Q3 24 | 20.9% | 8.7% | ||
| Q2 24 | 30.0% | 2.4% | ||
| Q1 24 | 28.4% | -666.2% |
| Q4 25 | $3.33 | $1.84 | ||
| Q3 25 | $3.56 | $7.89 | ||
| Q2 25 | $3.23 | $1.02 | ||
| Q1 25 | $1.48 | $-5.04 | ||
| Q4 24 | $2.41 | $10.27 | ||
| Q3 24 | $2.56 | $2.47 | ||
| Q2 24 | $3.30 | $0.12 | ||
| Q1 24 | $2.92 | $-8.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $993.0M | — |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $24.2B | $6.8B |
| Total Assets | $79.2B | $241.8B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $993.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $983.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $979.0M | $1.9B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $993.0M | $1.3B |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | $24.2B | $6.8B | ||
| Q3 25 | $23.7B | $6.4B | ||
| Q2 25 | $23.0B | $5.7B | ||
| Q1 25 | $21.5B | $5.2B | ||
| Q4 24 | $20.8B | $5.0B | ||
| Q3 24 | $22.3B | $5.5B | ||
| Q2 24 | $20.7B | $4.1B | ||
| Q1 24 | $19.4B | $4.2B |
| Q4 25 | $79.2B | $241.8B | ||
| Q3 25 | $79.2B | $244.7B | ||
| Q2 25 | $78.8B | $242.6B | ||
| Q1 25 | $75.2B | $234.7B | ||
| Q4 24 | $70.9B | $238.5B | ||
| Q3 24 | $73.7B | $245.2B | ||
| Q2 24 | $65.5B | $237.4B | ||
| Q1 24 | $62.8B | $239.7B |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.75× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.4B | $-3.0M |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 28.2% | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.2% | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.13× | -0.02× |
| TTM Free Cash FlowTrailing 4 quarters | $6.1B | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.4B | $-3.0M | ||
| Q3 25 | $2.2B | $117.0M | ||
| Q2 25 | $1.1B | $-1.0M | ||
| Q1 25 | $1.5B | $146.0M | ||
| Q4 24 | $1.6B | $-118.0M | ||
| Q3 24 | $2.0B | $24.0M | ||
| Q2 24 | $1.5B | $334.0M | ||
| Q1 24 | $1.6B | $-530.0M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | 28.2% | — | ||
| Q3 25 | 42.6% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 31.0% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 42.5% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 39.3% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.4% | — |
| Q4 25 | 1.13× | -0.02× | ||
| Q3 25 | 1.62× | 0.24× | ||
| Q2 25 | 0.91× | -0.01× | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | 1.68× | -0.18× | ||
| Q3 24 | 2.04× | 0.14× | ||
| Q2 24 | 1.20× | 9.82× | ||
| Q1 24 | 1.40× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
ACGL
Segment breakdown not available.
BHFAL
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
