ARCH CAPITAL GROUP LTD

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

ACGL$109.14+0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Income

ARCH CAPITAL GROUP LTD. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(U.S. dollars and shares in millions, except per share data)
	Year Ended December 31,
	2023	2022	2021
Revenues
Net premiums earned	$12,440	$9,679	$8,082
Net investment income	1,023	496	389
Net realized gains (losses)	(165)	(663)	380
Other underwriting income	31	13	21
Equity in net income of investments accounted for using the equity method	278	115	366
Other income (loss)	27	(27)	10
Total revenues	13,634	9,613	9,248
Expenses
Losses and loss adjustment expenses	6,246	5,028	4,585
Acquisition expenses	2,312	1,740	1,303
Other operating expenses	1,301	1,128	999
Corporate expenses	102	95	78
Amortization of intangible assets	95	106	82
Interest expense	133	131	139
Net foreign exchange losses (gains)	60	(102)	(41)
Total expenses	10,249	8,126	7,145
Income before income taxes and income (loss) from operating affiliates	3,385	1,487	2,103
Income taxes:
Current tax expense (benefit)	288	201	295
Deferred tax expense (benefit)	(1,161)	(121)	(167)
Income tax expense (benefit)	(873)	80	128
Income (loss) from operating affiliates	184	75	264
Net income	$4,442	$1,482	$2,239
Net (income) loss attributable to noncontrolling interests	1	(6)	(82)
Net income available to Arch	4,443	1,476	2,157
Preferred dividends	(40)	(40)	(48)
Loss on redemption of preferred shares	—	—	(15)
Net income available to Arch common shareholders	$4,403	$1,436	$2,094
Net income per common share and common share equivalent
Basic	$11.94	$3.90	$5.35
Diluted	$11.62	$3.80	$5.23
Weighted average common shares and common share equivalents outstanding
Basic	368.7	368.6	391.7
Diluted	378.8	377.6	400.3

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.