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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1831,9412,0751,4551,1411,2831,912
Cash and cash equivalents880647606843553486434
Short-term investments1,3021,2951,4696125887971,478
Receivables 2110581  
Total current assets:2,1831,9632,1801,4631,1421,2831,912
Noncurrent Assets
Long-term investments and receivables1,5761,4941,04181159390105
Long-term investments1,5761,4941,04181159390105
Intangible assets, net (including goodwill), including:6256356537829811027
Goodwill 2501982041615 
Intangible assets, net (excluding goodwill) 3854545788295 
Other undisclosed intangible assets, net (including goodwill)625     27
Total noncurrent assets:2,2002,1291,6941,593691200132
Other undisclosed assets31,19028,12728,17826,31621,34520,52717,522
TOTAL ASSETS:35,57332,21832,05229,37223,17722,01019,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     44
Taxes payable     44
Total current liabilities:     44
Noncurrent Liabilities
Long-term debt and lease obligation1,8711,7341,7331,732791800800
Long-term debt, excluding current maturities1,8711,7341,7331,732791800800
Total noncurrent liabilities:1,8711,7341,7331,732791800800
Other undisclosed liabilities21,63920,04720,07318,32915,23714,08713,114
Total liabilities:23,51121,78121,80620,06116,02814,89113,919
Temporary equity, carrying amount49  206205  
Stockholders' equity
Stockholders' equity attributable to parent, including:11,1589,4409,1978,2546,2056,1305,647
Preferred stock780780873773325325325
Common stock1111111
Treasury stock, value(2,404)(2,382)(2,078)(2,035)(1,942)(1,562)(1,095)
Additional paid in capital1,8641,7941,231532467383300
Accumulated other comprehensive income (loss)212(179)118(115)(17)12975
Retained earnings10,7059,4268,5637,9977,3706,8556,042
Other undisclosed stockholders' equity attributable to parent  4901,101   
Stockholders' equity attributable to noncontrolling interest855792843852739769 
Total stockholders' equity:12,01310,23110,0409,1066,9446,8995,647
Other undisclosed liabilities and equity 206206  220 
TOTAL LIABILITIES AND EQUITY:35,57332,21832,05229,37223,17722,01019,566

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,5375,4515,6274,4643,9373,9893,526
Premiums earned, net5,6405,232
Financial services revenue4,8753,9423,7693,6043,146
Cost of revenue(3,945)(3,695)(3,743)(2,864)(2,732)(2,577)(1,679)
Policyholder benefits and claims incurred, net(3,116)(2,890)
Deferred policy acquisition costs, amortization expense(828)(805)(775)(678)(681)(657)564
Financial services costs(2,967)(2,186)(2,051)(1,919)(1,679)
Gross profit:2,5921,7551,8841,6001,2041,4121,847
Operating expenses(945)(883)(916)(757)(657)(655)(501)
Other operating expense, net(762)(678)(684)(624)(608)(10)(1)
Other expenses(762)(678)(684)(624)(608)(556)458
Operating income (loss):884195284220(61)7471,345
Nonoperating income (expense)5669(116)3766459325
Investment income, nonoperating     375337
Foreign currency transaction gain (loss), before tax5669(116)376684(12)
Interest and debt expense(119)(120)(117)(66)(46)(46)(27)
Income (loss) from continuing operations before equity method investments, income taxes:82114451190(40)1,1611,643
Income from equity method investments     2036
Other undisclosed income (loss) from continuing operations before income taxes779698707665608(336)(937)
Income from continuing operations before income taxes:1,600842757856567844743
Income tax expense(163)(114)(128)(31)(41)(23)(33)
Net income:1,437728630824527821710
Net income (loss) attributable to noncontrolling interest1030(10)(131)1113 
Net income attributable to parent:1,446758619693538834710
Preferred stock dividends and other adjustments(42)(44)(53)(28)   
Other undisclosed net income (loss) available to common stockholders, basic0   (22)(22)(22)
Net income available to common stockholders, diluted:1,405714567665516812688

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,437728630824527821710
Other comprehensive income (loss)439(150)232(98)(146)54(212)
Comprehensive income:1,875578862726381875498
Comprehensive income (loss), net of tax, attributable to noncontrolling interest433(10)(131)1113 
Comprehensive income, net of tax, attributable to parent:1,879611852595392888498

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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