Arch Capital Group Ltd. (ACGL) financial statements (2020 and earlier)

Company profile

Business Address WATERLOO HOUSE, GROUND FLOOR
PEMBROKE, HM 08
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5222,1832,0981,8351,9412,0571,623
Cash and cash equivalents726880605633647651527
Short-term investments1,7951,3021,4931,2021,2951,4061,097
Receivables    21  
Total current assets:2,5222,1832,0981,8351,9632,0571,623
Noncurrent Assets
Long-term investments and receivables1,6601,5761,5821,5641,4941,5241,429
Long-term investments1,6601,5761,5821,5641,4941,5241,429
Intangible assets, net (including goodwill), including:738625641659635567593
Goodwill327   250  
Intangible assets, net (excluding goodwill)412   385  
Other undisclosed intangible assets, net (including goodwill)0625641659 567593
Total noncurrent assets:2,3982,2002,2232,2232,1292,0912,022
Other undisclosed assets32,96531,19030,53029,91928,12728,10528,208
TOTAL ASSETS:37,88535,57334,85233,97732,21832,25331,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14      
Taxes payable14      
Total current liabilities:14      
Noncurrent Liabilities
Long-term debt and lease obligation1,8721,8711,7341,7341,7341,7331,733
Long-term debt, excluding current maturities1,8721,8711,7341,7341,7341,7331,733
Total noncurrent liabilities:1,8721,8711,7341,7341,7341,7331,733
Other undisclosed liabilities23,68521,63921,29921,08420,04720,08119,889
Total liabilities:25,57023,51123,03222,81821,78121,81421,622
Temporary equity, carrying amount 49206206 206206
Stockholders' equity
Stockholders' equity attributable to parent11,49711,15810,75710,1159,4409,3559,164
Preferred stock780780780780780780780
Common stock1111111
Treasury stock, value(2,406)(2,404)(2,401)(2,388)(2,382)(2,280)(2,267)
Additional paid in capital1,8901,8641,8481,8201,7941,7751,761
Accumulated other comprehensive income (loss)21221220738(179)(221)(194)
Retained earnings11,02110,70510,3239,8649,4269,3009,083
Stockholders' equity attributable to noncontrolling interest763855855838792877861
Total stockholders' equity:12,26012,01311,61310,95310,23110,23210,025
Other undisclosed liabilities and equity55   206  
TOTAL LIABILITIES AND EQUITY:37,88535,57334,85233,97732,21832,25331,853

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,7441,6831,7791,7231,3521,4041,411
Premiums earned, net1,5161,4381,4641,3691,3691,291 
Financial services revenue1,341
Cost of revenue(1,067)(1,014)(978)(916)(1,037)(901)(929)
Policyholder benefits and claims incurred, net(845)(802)(768)(719)(828)(699) 
Deferred policy acquisition costs, amortization expense(222)(211)(210)(198)(209)(202)(203)
Financial services costs(726)
Gross profit:677669802806315503482
Operating expenses(262)(236)(239)(241)(230)(203)(232)
Other operating expense, net
(Other Expenses)
(204)(197)(199)(201)(166)(161)(176)
Operating income (loss):210237363365(81)13974
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(52)33(5)4251154
Interest and debt expense(31)(31)(29)(29)(30)(30)(30)
Income (loss) from continuing operations before equity method investments, income taxes:127239329339(86)12097
Other undisclosed income from continuing operations before income taxes213199201202177162183
Income from continuing operations before income taxes:34043753054191282280
Income tax expense(27)(38)(44)(46)(35)(33)(24)
Net income:31339948649556249256
Net income (loss) attributable to noncontrolling interest14(7)(17)(47)80(21)(13)
Net income attributable to parent:326392469449136227244
Preferred stock dividends and other adjustments    (42)  
Other undisclosed net income (loss) available to common stockholders, basic(10)(10)(10)(10)31(10)(10)
Net income available to common stockholders, diluted:316382459438126217233

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:31339948649556249256
Other comprehensive income (loss)3417122142(28)(61)
Comprehensive income:31640365771798221195
Comprehensive income (loss), net of tax, attributable to noncontrolling interest11(6)(20)(51)81(20)(12)
Comprehensive income, net of tax, attributable to parent:327397637666179201184

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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