Madison Investments' Large Cap Fund highlighted Arch Capital Group Ltd. in its second-quarter 2026 investor letter, noting the insurer repurchased around $800 million worth of stock, retiring nearly 2.5% of its outstanding shares during the quarter. The fund, which holds a 5.84% portfolio weight in Arch Capital, said the company reported weak growth but maintained solid margins and substantial capital return. Arch Capital shares closed at $98.53 on August 19, 2026, with a market capitalization of $33.62 billion, and gained 5.72% over the past 52 weeks. The fund believes the buyback is an excellent use of excess capital at the current valuation.
Arch Capital Group Ltd.Arch Capital repurchased ~$800M of stock, retiring ~2.5% of shares, which the fund views as an excellent use of excess capital.
