ARCH CAPITAL GROUP LTD
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
ACGL$109.14+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(U.S. dollars and shares in millions, except per share data)
| (Unaudited) · (Unaudited) | ||||
|---|---|---|---|---|
| Three Months Ended · Nine Months Ended | ||||
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Net premiums earned | $3,970 | $3,248 | 10,957 | 9,096 |
| Net investment income | 399 | 269 | 1,090 | 710 |
| Net realized gains (losses) | 169 | (248) | 358 | (354) |
| Other underwriting income | 5 | 5 | 20 | 21 |
| Equity in net income (loss) of investment funds accounted for using the equity method | 171 | 59 | 437 | 176 |
| Other income (loss) | 8 | (4) | 30 | 10 |
| Total revenues | 4,722 | 3,329 | 12,892 | 9,659 |
| Expenses | ||||
| Losses and loss adjustment expenses | 2,403 | 1,647 | 5,958 | 4,609 |
| Acquisition expenses | 681 | 575 | 1,921 | 1,669 |
| Other operating expenses | 353 | 310 | 1,062 | 942 |
| Corporate expenses | 49 | 20 | 143 | 71 |
| Amortization of intangible assets | 88 | 24 | 136 | 71 |
| Interest expense | 35 | 34 | 104 | 99 |
| Net foreign exchange (gains) losses | 63 | (22) | 31 | 1 |
| Total expenses | 3,672 | 2,588 | 9,355 | 7,462 |
| Income (loss) before income taxes and income (loss) from operating affiliates | 1,050 | 741 | 3,537 | 2,197 |
| Income tax (expense) benefit | (98) | (72) | (296) | (203) |
| Income (loss) from operating affiliates | 36 | 54 | 136 | 115 |
| Net income (loss) available to Arch | 988 | 723 | 3,377 | 2,109 |
| Preferred dividends | (10) | (10) | (30) | (30) |
| Net income (loss) available to Arch common shareholders | $978 | $713 | $3,347 | $2,079 |
| Net income per common share and common share equivalent | ||||
| Basic | $2.62 | $1.93 | $8.99 | $5.64 |
| Diluted | $2.56 | $1.88 | $8.78 | $5.50 |
| Weighted average common shares and common share equivalents outstanding | ||||
| Basic | 373.2 | 369.2 | 372.3 | 368.4 |
| Diluted | 382.3 | 379.4 | 381.3 | 378.3 |
| ARCH CAPITAL | 6 | 2024 THIRD QUARTER FORM 10-Q |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.