Specialty insurance net premiums earned recognize retained written premium as the insurer provides policy coverage over the insured period.
Arch Capital's insurance segment reported $1.880B of net premiums earned in Q2 2026, down 4.5% from $1.969B in Q2 2025.
Earned premium lags written premium
Arch said Q2 earned premium reflected changes in net premiums written over the previous five quarters. That timing means current-quarter writings should not be treated as same-quarter earned revenue.
Earned premium is the denominator for underwriting ratios such as the combined ratio. A lower earned-premium base can also pressure expense ratios when operating costs do not decline proportionally.
Primary source: Arch Capital Q2 2026 Form 10-Q filed with the SEC.
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Compare earned premium
Compare the premium actually earned during the period rather than newly written business alone.
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