Arch Capital adds $3.0 billion to share repurchase program

Arch Capital (ACGL) increased its share repurchase authorization by $3.0 billion. About $3.6 billion is now available under the program.

Shares fell 2.2% at 9:35 a.m. ET on Nov. 6, from a $110.57 regular-session close.

Repurchases may be made from time to time in open market or privately negotiated transactions. Timing and amount depend on market conditions and corporate and regulatory considerations.

The Board declared dividends on two series of non-cumulative preferred shares, payable Dec. 31, 2026, to holders of record as of Dec. 15, 2026.

The Series F dividend covers 13,200,000 depositary shares, each representing a 1/1000th interest in a 5.45% preferred share with a $25,000 liquidation preference per share. The dividend period runs from Sept. 30 to Dec. 30, 2026. The total is $4,496,250, or 34.0625 cents per depositary share.

The Series G dividend covers 20,000,000 depositary shares, each representing a 1/1000th interest in a 4.55% preferred share with the same $25,000 liquidation preference per share. The dividend period also runs from Sept. 30 to Dec. 30, 2026. The total is $5,687,500, or 28.4375 cents per depositary share.

All dividends will be paid out of lawfully available funds under Bermuda law. The Board or its Executive Committee may determine otherwise on or before the effective date.