Arch Capital Group Ltd. (ACGL) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2762,5221,9412,0751,4551,1411,283
Cash and cash equivalents906726647606843553486
Short-term investments3,3701,7951,2951,469612588797
Receivables  2110581 
Total current assets:4,2762,5221,9632,1801,4631,1421,283
Noncurrent Assets
Long-term investments and receivables2,0481,6601,4941,04181159390
Long-term investments2,0481,6601,4941,04181159390
Intangible assets, net (including goodwill), including:69373863565378298110
Goodwill3153272501982041615
Intangible assets, net (excluding goodwill)3784123854545788295
Other undisclosed intangible assets, net (including goodwill) 0     
Total noncurrent assets:2,7412,3982,1291,6941,593691200
Other undisclosed assets36,26532,96528,12728,17826,31621,34520,527
TOTAL ASSETS:43,28237,88532,21832,05229,37223,17722,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities914    4
Taxes payable914    4
Total current liabilities:914    4
Noncurrent Liabilities
Long-term debt and lease obligation2,8611,8721,7341,7331,732791800
Long-term debt, excluding current maturities2,8611,8721,7341,7331,732791800
Total noncurrent liabilities:2,8611,8721,7341,7331,732791800
Other undisclosed liabilities26,42523,68520,04720,07318,32915,23714,087
Total liabilities:29,29525,57021,78121,80620,06116,02814,891
Temporary equity, carrying amount    206205 
Stockholders' equity
Stockholders' equity attributable to parent, including:13,10611,4979,4409,1978,2546,2056,130
Preferred stock 780780873773325325
Common stock 111111
Treasury stock, value(2,500)(2,406)(2,382)(2,078)(2,035)(1,942)(1,562)
Additional paid in capital 1,8901,7941,231532467383
Accumulated other comprehensive income (loss)489212(179)118(115)(17)129
Retained earnings 11,0219,4268,5637,9977,3706,855
Other undisclosed stockholders' equity attributable to parent15,117  4901,101  
Stockholders' equity attributable to noncontrolling interest823763792843852739769
Total stockholders' equity:13,92912,26010,23110,0409,1066,9446,899
Other undisclosed liabilities and equity5955206206  220
TOTAL LIABILITIES AND EQUITY:43,28237,88532,21832,05229,37223,17722,010

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,5256,9285,4515,6274,4643,9373,989
Premiums earned, net6,9925,7865,232
Financial services revenue4,8753,9423,7693,604
Cost of revenue(5,694)(3,974)(3,695)(3,743)(2,864)(2,732)(2,577)
Policyholder benefits and claims incurred, net(4,690)(3,133)(2,890)
Deferred policy acquisition costs, amortization expense(1,005)(841)(805)(775)(678)(681)(657)
Financial services costs(2,967)(2,186)(2,051)(1,919)
Gross profit:2,8312,9541,7551,8841,6001,2041,412
Operating expenses(1,040)(978)(883)(916)(757)(657)(655)
Other operating expense, net(875)(801)(678)(684)(624)(608)(10)
Other expenses(875)(801)(678)(684)(624)(608)(556)
Operating income (loss):9161,175195284220(61)747
Nonoperating income (expense)(84)(21)69(116)3766459
Investment income, nonoperating      375
Foreign currency transaction gain (loss), before tax(84)(21)69(116)376684
Interest and debt expense(143)(121)(120)(117)(66)(46)(46)
Income (loss) from continuing operations before equity method investments, income taxes:6891,03414451190(40)1,161
Income from equity method investments      20
Other undisclosed income (loss) from continuing operations before income taxes889815698707665608(336)
Income from continuing operations before income taxes:1,5781,849842757856567844
Income tax expense(112)(156)(114)(128)(31)(41)(23)
Net income:1,4661,693728630824527821
Net income (loss) attributable to noncontrolling interest(60)(57)30(10)(131)1113
Net income attributable to parent:1,4061,636758619693538834
Preferred stock dividends and other adjustments(42)(42)(44)(53)(28)  
Other undisclosed net loss available to common stockholders, basic     (22)(22)
Net income available to common stockholders, diluted:1,3641,595714567665516812

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,4661,693728630824527821
Other comprehensive income (loss)286400(150)232(98)(146)54
Comprehensive income:1,7522,093578862726381875
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(69)(66)33(10)(131)1113
Comprehensive income, net of tax, attributable to parent:1,6822,027611852595392888

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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