ARCH CAPITAL GROUP LTD
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
ACGL$109.14+0.9%Stored close · as of Nov 10, 2026
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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, | |||
| 2024 | 2023 | 2022 | |
| Revenues | |||
| Net premiums earned | $15,100 | $12,440 | $9,679 |
| Net investment income | 1,495 | 1,023 | 496 |
| Net realized gains (losses) | 197 | (165) | (663) |
| Other underwriting income | 26 | 31 | 13 |
| Equity in net income of investments accounted for using the equity method | 580 | 278 | 115 |
| Other income (loss) | 42 | 27 | (27) |
| Total revenues | 17,440 | 13,634 | 9,613 |
| Expenses | |||
| Losses and loss adjustment expenses | 8,342 | 6,246 | 5,028 |
| Acquisition expenses | 2,651 | 2,312 | 1,740 |
| Other operating expenses | 1,472 | 1,301 | 1,128 |
| Corporate expenses | 200 | 102 | 95 |
| Amortization of intangible assets | 235 | 95 | 106 |
| Interest expense | 141 | 133 | 131 |
| Net foreign exchange losses (gains) | (75) | 60 | (102) |
| Total expenses | 12,966 | 10,249 | 8,126 |
| Income before income taxes and income (loss) from operating affiliates | 4,474 | 3,385 | 1,487 |
| Income taxes: | |||
| Current tax expense (benefit) | 397 | 288 | 201 |
| Deferred tax expense (benefit) | (35) | (1,161) | (121) |
| Income tax expense (benefit) | 362 | (873) | 80 |
| Income (loss) from operating affiliates | 200 | 184 | 75 |
| Net income | $4,312 | $4,442 | $1,482 |
| Net (income) loss attributable to noncontrolling interests | — | 1 | (6) |
| Net income available to Arch | 4,312 | 4,443 | 1,476 |
| Preferred dividends | (40) | (40) | (40) |
| Net income available to Arch common shareholders | $4,272 | $4,403 | $1,436 |
| Net income per common share and common share equivalent | |||
| Basic | $11.47 | $11.94 | $3.90 |
| Diluted | $11.19 | $11.62 | $3.80 |
| Weighted average common shares and common share equivalents outstanding | |||
| Basic | 372.5 | 368.7 | 368.6 |
| Diluted | 381.8 | 378.8 | 377.6 |
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