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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Net premiums earned $ 17,065 $ 15,100 $ 12,440
Net investment income 1,625 1,495 1,023
Net realized gains (losses) 464 197 (165)
Other underwriting income 217 26 31
Equity in net income of investments accounted for using the equity method 504 580 278
Other income (loss) 54 42 27
Total revenues 19,929 17,440 13,634
Expenses      
Losses and loss adjustment expenses 9,370 8,342 6,246
Acquisition expenses 3,153 2,651 2,312
Other operating expenses 1,826 1,472 1,301
Corporate expenses 132 200 102
Amortization of intangible assets 193 235 95
Interest expense 148 141 133
Net foreign exchange losses (gains) 128 (75) 60
Total expenses 14,950 12,966 10,249
Income before income taxes and income (loss) from operating affiliates 4,979 4,474 3,385
Income taxes:      
Current tax expense (benefit) 586 397 288
Deferred tax expense (benefit) 174 (35) (1,161)
Income tax expense (benefit) 760 362 (873)
Income (loss) from operating affiliates 180 200 184
Net income 4,399 4,312 4,442
Net (income) loss attributable to noncontrolling interests 0 0 1
Net income available to Arch 4,399 4,312 4,443
Preferred dividends (40) (40) (40)
Net income available to Arch common shareholders $ 4,359 $ 4,272 $ 4,403
Net income per common share and common share equivalent      
Basic (per share) $ 11.83 $ 11.47 $ 11.94
Diluted (per share) $ 11.60 $ 11.19 $ 11.62
Weighted average common shares and common share equivalents outstanding      
Basic (shares) 368.4 372.5 368.7
Diluted (shares) 375.9 381.8 378.8