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Arch Capital Group（ACGL）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
Arch Capital Group的季度营收约是RENAISSANCERE HOLDINGS LTD的1.7倍（$4.9B vs $3.0B）。RENAISSANCERE HOLDINGS LTD净利率更高（25.6% vs 25.1%，领先0.5%）。RENAISSANCERE HOLDINGS LTD同比增速更快（29.6% vs 8.5%）。过去两年Arch Capital Group的营收复合增速更高（11.9% vs 6.9%）
百慕大注册上市企业Arch Capital Group面向全球提供保险、再保险及按揭保险服务，专注于特种类保险业务，承保保险业内难度较高的特殊风险。公司总部位于百慕大，在北美、欧洲、亚洲及澳洲共设有60个办事处，实现全球布局运营。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
ACGL vs RNR — 直观对比
营收规模更大
ACGL
是对方的1.7倍
$3.0B
营收增速更快
RNR
高出21.1%
8.5%
净利率更高
RNR
高出0.5%
25.1%
两年增速更快
ACGL
近两年复合增速
6.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.0B |
| 净利润 | $1.2B | $760.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 42.5% |
| 净利率 | 25.1% | 25.6% |
| 营收同比 | 8.5% | 29.6% |
| 净利润同比 | 32.4% | 501.0% |
| 每股收益（稀释后） | $3.33 | $16.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACGLRNR
| Q4 25 | $4.9B | $3.0B | ||
| Q3 25 | $5.1B | $3.2B | ||
| Q2 25 | $5.2B | $3.2B | ||
| Q1 25 | $4.7B | $3.5B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.7B | $4.0B | ||
| Q2 24 | $4.2B | $2.8B | ||
| Q1 24 | $3.9B | $2.6B |
净利润ACGLRNR
| Q4 25 | $1.2B | $760.5M | ||
| Q3 25 | $1.4B | $916.5M | ||
| Q2 25 | $1.2B | $835.4M | ||
| Q1 25 | $574.0M | $170.0M | ||
| Q4 24 | $935.0M | $-189.7M | ||
| Q3 24 | $988.0M | $1.2B | ||
| Q2 24 | $1.3B | $503.9M | ||
| Q1 24 | $1.1B | $373.6M |
营业利润率ACGLRNR
| Q4 25 | — | 42.5% | ||
| Q3 25 | — | 46.3% | ||
| Q2 25 | — | 41.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 24.4% |
净利率ACGLRNR
| Q4 25 | 25.1% | 25.6% | ||
| Q3 25 | 26.4% | 28.7% | ||
| Q2 25 | 23.7% | 26.1% | ||
| Q1 25 | 12.3% | 4.9% | ||
| Q4 24 | 20.6% | -8.3% | ||
| Q3 24 | 20.9% | 29.8% | ||
| Q2 24 | 30.0% | 17.8% | ||
| Q1 24 | 28.4% | 14.4% |
每股收益（稀释后）ACGLRNR
| Q4 25 | $3.33 | $16.16 | ||
| Q3 25 | $3.56 | $19.40 | ||
| Q2 25 | $3.23 | $17.20 | ||
| Q1 25 | $1.48 | $3.27 | ||
| Q4 24 | $2.41 | $-3.76 | ||
| Q3 24 | $2.56 | $22.62 | ||
| Q2 24 | $3.30 | $9.41 | ||
| Q1 24 | $2.92 | $6.94 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $993.0M | $1.7B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $24.2B | $11.6B |
| 总资产 | $79.2B | $53.8B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资ACGLRNR
| Q4 25 | $993.0M | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $983.0M | $1.4B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $979.0M | $1.7B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $1.0B | $1.6B | ||
| Q1 24 | $993.0M | $1.6B |
总债务ACGLRNR
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.9B |
股东权益ACGLRNR
| Q4 25 | $24.2B | $11.6B | ||
| Q3 25 | $23.7B | $11.5B | ||
| Q2 25 | $23.0B | $10.8B | ||
| Q1 25 | $21.5B | $10.3B | ||
| Q4 24 | $20.8B | $10.6B | ||
| Q3 24 | $22.3B | $11.2B | ||
| Q2 24 | $20.7B | $10.2B | ||
| Q1 24 | $19.4B | $9.8B |
总资产ACGLRNR
| Q4 25 | $79.2B | $53.8B | ||
| Q3 25 | $79.2B | $54.5B | ||
| Q2 25 | $78.8B | $54.7B | ||
| Q1 25 | $75.2B | $53.6B | ||
| Q4 24 | $70.9B | $50.7B | ||
| Q3 24 | $73.7B | $52.8B | ||
| Q2 24 | $65.5B | $51.6B | ||
| Q1 24 | $62.8B | $50.9B |
负债/权益比ACGLRNR
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.19× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.4B | $483.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 28.2% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 1.13× | 0.64× |
| 过去12个月自由现金流最近4个季度 | $6.1B | — |
8季度趋势，按日历期对齐
经营现金流ACGLRNR
| Q4 25 | $1.4B | $483.0M | ||
| Q3 25 | $2.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.5B | $157.8M | ||
| Q4 24 | $1.6B | $778.9M | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.6B | $683.5M |
自由现金流ACGLRNR
| 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 | — |
自由现金流率ACGLRNR
| 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% | — |
资本支出强度ACGLRNR
| 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% | — |
现金转化率ACGLRNR
| Q4 25 | 1.13× | 0.64× | ||
| Q3 25 | 1.62× | 1.73× | ||
| Q2 25 | 0.91× | 1.76× | ||
| Q1 25 | 2.54× | 0.93× | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 2.04× | 1.26× | ||
| Q2 24 | 1.20× | 2.41× | ||
| Q1 24 | 1.40× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
