Arch Capital Group Ltd. vs MANULIFE FINANCIAL CORPORATION, two Insurance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Arch Capital underwrites property, casualty, and reinsurance, so its results swing on the combined ratio and how well past reserves hold. Manulife runs the other kind of book: long-dated life policies where the earnings come from the spread on invested float. The gap in what the market pays is wide. Arch trades at 7.5 times earnings against Manulife's 17.79, and Arch earns a 20.14% return on equity while the Canadian insurer manages 11.55%. Manulife's 20.98% net margin looks fatter, but life accounting counts premium differently than a casualty writer does. On book value Arch sits at 1.45 times, Manulife at 1.78. Arch pays 5.13%; Manulife's yield is not listed here.
Comparison updated 2026-07-11.
| Metric | ACGL | MFC |
|---|---|---|
| Price | $101.01 | $41.31 |
| Market cap | $36.3B | $70.4B |
| Sector | Financial Services | Financial Services |
| Stage | Mature | Mature |
| P/E | 7.8 | 18.2 |
| P/B | 1.50 | 1.82 |
| P/S | 1.84 | 3.31 |
| Revenue growth | +9.2% | -9.8% |
| Net margin | 24.6% | 21.0% |
| Return on equity | 20.1% | 11.6% |
| Return on assets | 6.0% | 0.6% |
| Dividend yield | 5.0% | — |
| Debt / equity | 0.00 | 0.00 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.