Arch Capital Group Ltd. (ACGL) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7154,3984,2762,5221,9412,075
Cash and cash equivalents855859906726647606
Short-term investments8603,5393,3701,7951,2951,469
Receivables     21105
Total current assets:1,7154,3984,2762,5221,9632,180
Noncurrent Assets
Operating lease, right-of-use asset 123   
Long-term investments and receivables3,7743,0782,0481,6601,4941,041
Long-term investments3,7743,0782,0481,6601,4941,041
Intangible assets, net (including goodwill), including:804945693738635653
Goodwill 342345315327250198
Intangible assets, net (excluding goodwill) 462600378412385454
Other undisclosed intangible assets, net (including goodwill)   0  
Total noncurrent assets:4,7024,0232,7412,3982,1291,694
Other undisclosed assets41,57436,68136,26532,96528,12728,178
TOTAL ASSETS:47,99145,10143,28237,88532,21832,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4115914  
Taxes payable15914  
Accrued liabilities 41     
Total current liabilities: 4115914  
Noncurrent Liabilities
Long-term debt and lease obligation2,7252,7242,8611,8721,7341,733
Long-term debt, excluding current maturities2,7252,7242,8611,8721,7341,733
Total noncurrent liabilities:2,7252,7242,8611,8721,7341,733
Other undisclosed liabilities32,30428,80726,42523,68520,04720,073
Total liabilities:35,07031,54629,29525,57021,78121,806
Temporary equity, carrying amount11     
Equity
Equity, attributable to parent, including:12,91013,54613,10611,4979,4409,197
Preferred stock830830 780780873
Common stock11 111
Treasury stock, value(4,378)(3,761)(2,500)(2,406)(2,382)(2,078)
Additional paid in capital2,2112,085 1,8901,7941,231
Accumulated other comprehensive income (loss)(1,646)(65)489212(179)118
Retained earnings15,89214,456 11,0219,4268,563
Other undisclosed equity, attributable to parent   15,117  490
Equity, attributable to noncontrolling interest   823763792843
Total equity:12,91013,54613,92912,26010,23110,040
Other undisclosed liabilities and equity  95955206206
TOTAL LIABILITIES AND EQUITY:47,99145,10143,28237,88532,21832,052

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,6159,2508,5256,9285,4515,627
Premiums earned, net9,6788,0826,9925,7865,232
Financial services revenue4,875
Cost of revenue(6,767)(5,888)(5,694)(3,974)(3,695)(3,743)
Policyholder benefits and claims incurred, net(5,028)(4,585)(4,690)(3,133)(2,890)
Deferred policy acquisition costs, amortization expense(1,740)(1,303)(1,005)(841)(805)(775)
Financial services costs(2,967)
Gross profit:2,8483,3622,8312,9541,7551,884
Operating expenses(1,331)(1,163)(1,040)(978)(883)(916)
Other operating expense, net
(Other Expenses)
(1,128)(999)(875)(801)(678)(684)
Operating income:3891,2019161,175195284
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
10142(84)(21)69(116)
Interest and debt expense(130)(139)(143)(121)(120)(117)
Income from continuing operations before equity method investments, income taxes:3591,1036891,03414451
Other undisclosed income from continuing operations before income taxes1,2031,265889815698707
Income from continuing operations before income taxes:1,5622,3681,5781,849842757
Income tax expense(80)(129)(112)(156)(114)(128)
Income from continuing operations:1,4822,2391,4661,693728630
Income before gain (loss) on sale of properties:2,2391,4661,693728630
Other undisclosed net income 0    
Net income:1,4822,2391,4661,693728630
Net income (loss) attributable to noncontrolling interest(5)(83)(60)(57)30(10)
Net income attributable to parent:1,4772,1571,4061,636758619
Preferred stock dividends and other adjustments(41)(63)(42)(42)(44)(53)
Net income available to common stockholders, diluted:1,4362,0931,3641,595714567

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,4822,2391,4661,693728630
Other comprehensive income (loss)(1,582)(567)286400(150)232
Comprehensive income (loss):(99)1,6721,7522,093578862
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(69)(69)(66)33(10)
Comprehensive income (loss), net of tax, attributable to parent:(105)1,6031,6822,027611852

Statements Sources

The financial statements are based on the Company's filings with 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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