ARCH CAPITAL GROUP LTD
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
ACGL$108.12+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| ARCH CAPITAL GROUP LTD. AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(U.S. dollars and shares in millions) | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 | |
| Assets | ||
| Investments: | ||
| Fixed maturities available for sale, at fair value (amortized cost: $24,131 and $21,282; net of allowance for credit losses: $28 and $41) | $23,553 | $19,683 |
| Short-term investments available for sale, at fair value (amortized cost: $2,064 and $1,333; net of allowance for credit losses: $0 and $0 ) | 2,063 | 1,332 |
| Equity securities, at fair value | 1,186 | 860 |
| Other investments (portion measured at fair value: $2,488 and $1,644) | 2,488 | 1,644 |
| Investments accounted for using the equity method | 4,566 | 3,774 |
| Total investments | 33,856 | 27,293 |
| Cash | 917 | 855 |
| Accrued investment income | 236 | 159 |
| Investment in operating affiliates | 1,119 | 965 |
| Premiums receivable (net of allowance for credit losses: $34 and $35) | 4,644 | 3,625 |
| Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $21 and $22) | 7,064 | 6,564 |
| Contractholder receivables (net of allowance for credit losses: $3 and $3) | 1,814 | 1,731 |
| Ceded unearned premiums | 2,170 | 1,799 |
| Deferred acquisition costs | 1,531 | 1,264 |
| Receivable for securities sold | 63 | 12 |
| Goodwill and intangible assets | 731 | 804 |
| Other assets | 4,761 | 2,919 |
| Total assets | $58,906 | $47,990 |
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $22,752 | $20,032 |
| Unearned premiums | 8,808 | 7,337 |
| Reinsurance balances payable | 2,000 | 1,530 |
| Contractholder payables | 1,817 | 1,734 |
| Collateral held for insured obligations | 259 | 249 |
| Senior notes | 2,726 | 2,725 |
| Payable for securities purchased | 247 | 95 |
| Other liabilities | 1,942 | 1,367 |
| Total liabilities | 40,551 | 35,069 |
| Commitments and Contingencies (refer to Note 18) | ||
| Redeemable noncontrolling interests | 2 | 11 |
| Shareholders’ Equity | ||
| Non-cumulative preferred shares | 830 | 830 |
| Common shares ($0.0011 par, shares issued: 591.9 and 588.3) | 1 | 1 |
| Additional paid-in capital | 2,327 | 2,211 |
| Retained earnings | 20,295 | 15,892 |
| Accumulated other comprehensive income (loss), net of deferred income tax | (676) | (1,646) |
| Common shares held in treasury, at cost (shares: 218.5 and 217.9) | (4,424) | (4,378) |
| Total shareholders' equity available to Arch | 18,353 | 12,910 |
| Total liabilities, noncontrolling interests and shareholders' equity | $58,906 | $47,990 |
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