ACGL vs HIG: Arch Capital Group and Hartford Financial Services Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Hartford Financial Services Group is the larger company, worth $36.0B, close to Arch Capital Group's $33.6B.
- Hartford Financial Services Group grew revenue faster over the last year (+8.1% vs -10.4%).
- Arch Capital Group keeps more of each dollar of revenue as operating profit (26.9% vs 17.3%).
- On earnings, Arch Capital Group is the cheaper stock (7.4x vs 9.3x).
- Hartford Financial Services Group's price assumes faster free cash flow growth: about -11% a year, against -13% for Arch Capital Group (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ACGL | HIG |
|---|---|---|
| Market cap | $33.6B | $36.0B |
| Share price | $95.57 | $129.11 |
| Revenue (last fiscal year) | $19.9B | $28.4B |
| Free cash flow (last fiscal year) | $6.1B | $5.8B |
| Revenue growth, last year | -10.4% | +8.1% |
| Revenue growth per year, last 5 fiscal years | +21.2% | +6.1% |
| Operating margin | 26.9% | 17.3% |
| Net margin | 24.4% | 15.0% |
| Return on equity | 19.5% | 22.2% |
| P/E (trailing) | 7.40x | 9.26x |
| Price / free cash flow | 5.49x | 6.26x |
| EV / EBITDA | — | 7.04x |
| FCF growth the price implies | -12.6% | -10.7% |
| Dividend yield | — | 1.7% |
| Debt / equity | 2.54x | 3.48x |
| Fundamental grade | C | B |
| Superinvestors holding it | 0 | 0 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Arch Capital Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.2B | $3.4B | 22.7% |
| 2022 | $9.6B | $3.8B | 15.5% |
| 2023 | $13.6B | $5.7B | 24.8% |
| 2024 | $17.4B | $6.6B | 25.7% |
| 2025 | $19.9B | $6.1B | 25.0% |
Hartford Financial Services Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $22.4B | $4.0B | 13.0% |
| 2022 | $22.4B | $3.8B | 10.1% |
| 2023 | $24.5B | $4.0B | 12.6% |
| 2024 | $26.5B | $5.8B | 14.5% |
| 2025 | $28.4B | $5.8B | 16.8% |
Where the revenue comes from
Arch Capital Group
No segment breakdown reported.
Hartford Financial Services Group · by segments, 2025
Questions
Which is bigger, Arch Capital Group or Hartford Financial Services Group?
Hartford Financial Services Group (HIG), at $36.0B against $33.6B.
Is ACGL or HIG cheaper?
By trailing P/E, Arch Capital Group (7.40x) is cheaper than Hartford Financial Services Group (9.26x). A lower multiple can also mean the market expects less growth.
Which grows faster, ACGL or HIG?
Hartford Financial Services Group: revenue grew +8.1% over the last year, against -10.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.