Arch is not hard to like after an 81.7% combined ratio, $1.0 billion of Q1 net income, and $783 million of buybacks. The harder question is whether reserves, catastrophe losses, mortgage credit, and reinsurance pricing stay friendly enough for that capital machine to keep working.
The valuation workbench is hidden from non-admin users until market-data licensing and trust disclosures are production-ready.
