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

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Contents

II. Condensed Financial Information of Registrant

Balance Sheet

	December 31,
	2023	2022
Assets
Total investments	$17	$7
Cash	9	11
Investments in subsidiaries	19,590	14,191
Investment in operating affiliates	4	5
Due from subsidiaries and affiliates	—	2
Other assets	58	18
Total assets	$19,678	$14,234
Liabilities
Senior notes	$1,287	$1,287
Other liabilities	38	37
Total liabilities	1,325	1,324
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	$18,353	$12,910
Total liabilities and shareholders' equity	$19,678	$14,234

(continued)

Statement of Income

	Year Ended
	December 31,
	2023	2022	2021
Revenues
Net investment income	$2	$2	$2
Total revenues	2	2	2
Expenses
Corporate expenses	93	86	72
Interest expense	59	59	59
Total expenses	152	145	131
Income (loss) before income taxes and income (loss) from operating affiliates	(150)	(143)	(129)
Income tax (expense) benefit	41	—	—
Income (loss) from operating affiliates	(1)	(1)	(1)
Income (loss) before equity in net income of subsidiaries	(110)	(144)	(130)
Equity in net income of subsidiaries	4,553	1,593	2,287
Net income available to Arch	4,443	1,449	2,157
Preferred dividends	(40)	(40)	(48)
Loss on redemption of preferred shares	—	—	(15)
Net income available to Arch common shareholders	$4,403	$1,409	$2,094

(continued)

Statement of Cash Flows

	Year Ended
	December 31,
	2023	2022	2021
Operating Activities:
Net Cash Provided By Operating Activities	$46	$621	$1,728
Investing Activities:
Net (purchases) sales of short-term investments	(8)	(5)	(2)
Capital contributed to subsidiaries	—	—	(487)
Purchase of fixed assets	—	—	(1)
Other	1	(1)	—
Net Cash Used For Investing Activities	(7)	(6)	(490)
Financing Activities:
Purchases of common shares under share repurchase program	—	(586)	(1,234)
Proceeds from common shares issued, net	(2)	6	6
Proceeds from issuance of preferred shares, net	—	—	486
Redemption of preferred shares	—	—	(450)
Preferred dividends paid	(40)	(40)	(48)
Net Cash Used For Financing Activities	(42)	(620)	(1,240)
Increase (decrease) in cash and restricted cash	(3)	(5)	(2)
Cash and restricted cash, beginning of year	12	17	19
Cash and restricted cash, end of period	$9	$12	$17

ContentsView on SEC.gov

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