Earnings call transcript: Arch Capital tops Q2 2026 forecasts as shares slip

Arch Capital Group exceeded Q2 2026 profit and revenue forecasts, but its shares declined due to a softening property reinsurance market and increased competition. Despite strong underwriting performance across all segments and significant share repurchases, management noted the early stages of a softening market and stressed disciplined capital deployment. The company continues to prioritize share buybacks over special dividends given the current stock valuation.