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Arch Capital Group（ACGL）与Unum Group（UNM）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Unum Group的1.5倍（$4.9B vs $3.2B）。Arch Capital Group净利率更高（25.1% vs 5.4%，领先19.7%）。Arch Capital Group同比增速更快（8.5% vs 0.2%）。Arch Capital Group自由现金流更多（$1.4B vs $320.1M）。过去两年Arch Capital Group的营收复合增速更高（11.9% vs 0.7%）
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。
Unum Group是美国财富500强保险企业，总部位于田纳西州查塔努加，前身为1848年成立的联合相互保险公司，1999年合并后曾用名UnumProvident至2007年。集团现设四大业务板块，覆盖美、英、波兰市场，旗下承保主体包括保罗里维尔人寿保险、普罗维登斯人伤意外险公司等。
ACGL vs UNM — 直观对比
营收规模更大
ACGL
是对方的1.5倍
$3.2B
营收增速更快
ACGL
高出8.3%
0.2%
净利率更高
ACGL
高出19.7%
5.4%
自由现金流更多
ACGL
多$1.1B
$320.1M
两年增速更快
ACGL
近两年复合增速
0.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $3.2B |
| 净利润 | $1.2B | $174.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.7% |
| 净利率 | 25.1% | 5.4% |
| 营收同比 | 8.5% | 0.2% |
| 净利润同比 | 32.4% | -50.1% |
| 每股收益（稀释后） | $3.33 | $1.06 |
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ACGLUNM
| Q4 25 | $4.9B | $3.2B | ||
| Q3 25 | $5.1B | $3.4B | ||
| Q2 25 | $5.2B | $3.4B | ||
| Q1 25 | $4.7B | $3.1B | ||
| Q4 24 | $4.5B | $3.2B | ||
| Q3 24 | $4.7B | $3.2B | ||
| Q2 24 | $4.2B | $3.2B | ||
| Q1 24 | $3.9B | $3.2B |
净利润ACGLUNM
| Q4 25 | $1.2B | $174.1M | ||
| Q3 25 | $1.4B | $39.7M | ||
| Q2 25 | $1.2B | $335.6M | ||
| Q1 25 | $574.0M | $189.1M | ||
| Q4 24 | $935.0M | $348.7M | ||
| Q3 24 | $988.0M | $645.7M | ||
| Q2 24 | $1.3B | $389.5M | ||
| Q1 24 | $1.1B | $395.2M |
营业利润率ACGLUNM
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 15.3% | ||
| Q1 24 | — | 15.5% |
净利率ACGLUNM
| Q4 25 | 25.1% | 5.4% | ||
| Q3 25 | 26.4% | 1.2% | ||
| Q2 25 | 23.7% | 10.0% | ||
| Q1 25 | 12.3% | 6.1% | ||
| Q4 24 | 20.6% | 10.8% | ||
| Q3 24 | 20.9% | 20.1% | ||
| Q2 24 | 30.0% | 12.0% | ||
| Q1 24 | 28.4% | 12.3% |
每股收益（稀释后）ACGLUNM
| Q4 25 | $3.33 | $1.06 | ||
| Q3 25 | $3.56 | $0.23 | ||
| Q2 25 | $3.23 | $1.92 | ||
| Q1 25 | $1.48 | $1.06 | ||
| Q4 24 | $2.41 | $1.91 | ||
| Q3 24 | $2.56 | $3.46 | ||
| Q2 24 | $3.30 | $2.05 | ||
| Q1 24 | $2.92 | $2.04 |
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 | — |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $24.2B | $11.1B |
| 总资产 | $79.2B | $63.5B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资ACGLUNM
| Q4 25 | $993.0M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $983.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $979.0M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $993.0M | — |
总债务ACGLUNM
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.4B |
股东权益ACGLUNM
| Q4 25 | $24.2B | $11.1B | ||
| Q3 25 | $23.7B | $10.9B | ||
| Q2 25 | $23.0B | $11.3B | ||
| Q1 25 | $21.5B | $11.2B | ||
| Q4 24 | $20.8B | $11.0B | ||
| Q3 24 | $22.3B | $11.0B | ||
| Q2 24 | $20.7B | $10.5B | ||
| Q1 24 | $19.4B | $10.2B |
总资产ACGLUNM
| Q4 25 | $79.2B | $63.5B | ||
| Q3 25 | $79.2B | $63.7B | ||
| Q2 25 | $78.8B | $62.8B | ||
| Q1 25 | $75.2B | $62.5B | ||
| Q4 24 | $70.9B | $62.0B | ||
| Q3 24 | $73.7B | $64.1B | ||
| Q2 24 | $65.5B | $62.0B | ||
| Q1 24 | $62.8B | $62.5B |
负债/权益比ACGLUNM
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.34× |
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 | $357.9M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $320.1M |
| 自由现金流率自由现金流/营收 | 28.2% | 9.9% |
| 资本支出强度资本支出/营收 | 0.2% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $6.1B | $555.4M |
8季度趋势，按日历期对齐
经营现金流ACGLUNM
| Q4 25 | $1.4B | $357.9M | ||
| Q3 25 | $2.2B | $-371.8M | ||
| Q2 25 | $1.1B | $348.0M | ||
| Q1 25 | $1.5B | $353.6M | ||
| Q4 24 | $1.6B | $485.8M | ||
| Q3 24 | $2.0B | $390.0M | ||
| Q2 24 | $1.5B | $339.1M | ||
| Q1 24 | $1.6B | $298.3M |
自由现金流ACGLUNM
| Q4 25 | $1.4B | $320.1M | ||
| Q3 25 | $2.2B | $-402.6M | ||
| Q2 25 | $1.1B | $320.1M | ||
| Q1 25 | $1.4B | $317.8M | ||
| Q4 24 | $1.6B | $453.8M | ||
| Q3 24 | $2.0B | $352.3M | ||
| Q2 24 | $1.5B | $311.4M | ||
| Q1 24 | $1.5B | $270.0M |
自由现金流率ACGLUNM
| Q4 25 | 28.2% | 9.9% | ||
| Q3 25 | 42.6% | -11.9% | ||
| Q2 25 | 21.3% | 9.5% | ||
| Q1 25 | 31.0% | 10.3% | ||
| Q4 24 | 34.3% | 14.0% | ||
| Q3 24 | 42.5% | 11.0% | ||
| Q2 24 | 35.6% | 9.6% | ||
| Q1 24 | 39.3% | 8.4% |
资本支出强度ACGLUNM
| Q4 25 | 0.2% | 1.2% | ||
| Q3 25 | 0.2% | 0.9% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | 0.3% | 1.0% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | 0.3% | 0.9% | ||
| Q1 24 | 0.4% | 0.9% |
现金转化率ACGLUNM
| Q4 25 | 1.13× | 2.06× | ||
| Q3 25 | 1.62× | -9.37× | ||
| Q2 25 | 0.91× | 1.04× | ||
| Q1 25 | 2.54× | 1.87× | ||
| Q4 24 | 1.68× | 1.39× | ||
| Q3 24 | 2.04× | 0.60× | ||
| Q2 24 | 1.20× | 0.87× | ||
| Q1 24 | 1.40× | 0.75× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACGL
暂无分部数据
UNM
| Unum Us | $2.0B | 60% |
| Colonial Life | $507.0M | 16% |
| Closed Block | $445.6M | 14% |
| Unum International | $323.0M | 10% |
