ARCH CAPITAL GROUP LTD. ACGL Cash Flow

Arch capital group ltd. (ACGL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities
Net income (loss)
-88,674	312,768	399,189	485,845	495,498	56,324	248,766	256,347	166,384	201,792	-45,217	199,099	274,035	95,574	303,620	249,357	175,627	28,006	64,000	125,819	308,757	207,134	223,264	211,717	179,145	161,490	114,825	176,940	256,476	19,217	189,656	220,268	164,256	145,332	168,755	96,603	25,473	234,196	148,031	243,451	216,994
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Net realized (gains) losses
-362,964	52,079	64,760	120,202	144,091	-162,793	-47,315	-75,447	-101,995	32,573	66,959	34,130	40,855	-83,605	135,775	83,303	43,034	-127,981	-82,798	-27,089	87,907	14,478	25,513	65,153	22,367	11,127	-6,654	14,107	59,504	56,844	61,950	36,681	44,072	12,940	29,615	48,886	22,481	78,261	72,534	62,406	49,483
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net
-	-	-	-	-	1,705	492	470	162	1,723	1,878	1,730	1,807	13,593	3,867	5,343	7,639	7,336	5,868	1,113	5,799	3,837	8,593	14,749	2,971	88	728	724	2,246	6,035	2,379	1,951	1,023	1,959	2,739	1,684	2,680	3,230	2,075	4,410	1,606
Equity in net income or loss of investment funds accounted for using the equity method and other income or loss
-29,034	-24,899	-6,808	15,968	29,752	-30,337	-19,900	-5,840	19,383	15,756	16,255	11,388	36,141	2,513	3,004	-7,918	-3,243	126	-14,332	8,379	1,970	-9,556	-3,919	9,694	-9,559	-17,190	1,859	-14,441	-23,052	6,315	19,177	6,111	12,030	-20,776	-31,734	-18,945	355	26,110	11,545	3,368	15,012
Amortization of intangible assets
16,631	21,890	20,003	19,794	20,417	26,147	26,315	26,472	26,736	31,836	31,824	30,824	31,294	4,850	4,865	4,880	4,748	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
28,549	11,985	12,895	15,646	25,891	9,970	10,387	20,755	14,664	9,490	15,569	27,082	15,657	10,270	10,542	21,504	14,265	9,521	10,531	22,806	13,238	9,671	9,491	21,452	14,175	8,932	8,839	19,923	11,543	7,644	10,729	16,519	7,411	5,700	5,781	13,877	5,628	5,615	6,074	12,280	7,096
Changes in:
Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable
506,057	112,907	222,678	160,401	-6,005	175,489	146,136	-164,210	86,319	11,882	422,310	127,315	53,027	94,967	91,078	74,944	111,255	42,081	47,961	37,289	54,327	61,956	33,781	50,148	10,326	-5,088	8,858	-10,981	-22,182	215,885	72,346	68,327	39,343	-59,998	48,397	130,746	155,477	3,546	49,420	71,357	91,247
Unearned premiums, net of ceded unearned premiums
392,802	-60,429	175,434	-18,829	156,393	-67,681	42,675	-37,867	177,645	-113,740	63,517	7,821	159,243	-96,540	55,875	17,578	169,656	-108,536	35,289	142	156,731	-27,684	55,888	64,776	205,210	-90,445	44,135	51,719	200,006	-166,338	6,556	95,142	181,735	-162,490	9,919	63,987	130,136	-149,242	9,024	236	96,645
Premiums receivable
418,457	-91,013	26,715	16,913	285,137	8,049	-33,703	3,178	233,772	-135,738	-55,355	46,148	176,350	-127,296	-79,905	61,466	217,348	-81,958	-97,901	14,395	192,247	-62,731	-46,187	83,337	242,616	-99,867	-44,953	6,230	198,814	-84,474	-68,881	83,633	190,102	-106,818	-82,200	77,556	118,688	-157,034	-63,197	20,280	116,571
Deferred acquisition costs
75,135	8,654	13,816	1,622	23,168	1,773	963	4,764	30,347	4,747	20,078	11,825	41,728	-2,309	7,456	3,400	30,050	-12,714	2,713	2,705	36,304	9,464	16,298	13,834	41,988	2,155	21,822	6,812	45,159	-16,851	5,832	13,121	32,269	-24,823	-1,438	5,464	22,056	-18,965	-47	-2,038	19,655
Reinsurance balances payable
79,807	-32,770	75,487	76,810	62,605	-10,258	-5,265	35,327	53,634	-28,999	-12,584	29,998	20,114	-17,656	-24,514	21,783	51,929	-10,127	-15,415	35,679	-16,022	-22,922	-16,182	60,375	5,428	4,257	-21,694	6,902	17,365	23,569	-17,958	40,310	-3,181	8,896	-19,368	23,109	-7,122	3,277	-4,853	19,267	-36,669
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101,479	-45,985	-48,856	-16,132	74,756	-16,152	59,285	-14,096	11,088	-50,792	23,811	19,385	24,190	-12,660	10,134	30,620	5,925	-26,613	33,366	-47,339	23,914	-57,219	41,448
Other items, net
223,124	-83,146	-22,249	109,194	37,253	-63,331	-54,640	113,933	-56,143	162,477	-97,814	-29,499	76,445	-24,535	-116,912	36,457	-74,613	16,769	19,651	-121,265	70,085	26,734	51,290	-19,847	-19,041	-54,907	-43,989	-968	3,181	-26,089	-64,863	37,864	-22,573	-145	-2,019	-31,535	-42,522	-19,602	-54,574	4,252	33,023
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
610,454	505,320	830,615	477,126	235,398	438,335	624,101	96,706	400,180	34,169	527,174	349,877	183,658	340,290	495,915	218,681	322,543	190,327	422,380	299,738	85,461	237,471	346,596	254,894	198,169	223,820	238,694	182,695	205,659	189,652	334,683	252,447	144,821	109,641	309,924	221,967	224,580	144,513	267,424	205,514	184,623
Investing Activities
Purchases of fixed maturity investments
11,965,995	6,043,154	7,677,977	8,888,176	7,444,470	8,489,743	7,970,347	7,186,303	9,681,267	8,727,784	8,179,803	9,422,408	10,476,918	7,692,255	10,298,824	9,408,194	8,133,537	7,069,769	7,740,713	7,610,660	7,030,731	6,714,417	7,719,114	7,180,677	7,131,071	5,738,401	3,836,890	4,629,377	3,970,320	4,898,519	5,123,575	3,952,868	3,593,630	3,758,854	2,729,874	4,235,140	3,151,767	2,434,319	5,018,619	4,885,606	4,597,713
Purchases of equity securities
760,683	287,916	92,112	228,129	203,810	181,807	139,679	302,663	377,000	353,881	266,980	256,322	143,833	287,935	165,089	84,415	128,263	29,887	196,991	162,672	125,863	154,239	191,891	85,460	89,227	97,602	165,932	208,970	63,353	53,078	105,618	76,500	33,803	69,962	94,115	159,157	89,790	226,677	65,155	21,727	52,283
Purchases of other investments
228,471	455,620	337,862	352,470	324,593	471,290	526,185	494,693	522,454	614,096	522,824	456,665	427,039	380,632	358,161	345,415	305,198	429,275	540,572	404,276	375,402	454,363	113,298	718,533	304,454	1,250	344,020	398,473	250,442	299,741	314,065	147,076	239,167	-	-	-	92,777	147,127	92,955	150,631	132,819
Proceeds from sales of fixed maturity investments
11,723,123	5,888,011	7,075,372	8,555,892	7,076,590	8,203,068	7,219,660	7,411,396	8,679,147	8,057,305	8,017,794	9,224,934	10,386,746	7,828,042	9,753,375	9,151,013	7,827,536	6,682,493	7,078,118	7,476,321	6,857,115	6,549,838	7,068,497	6,190,573	7,014,281	5,317,216	3,408,778	4,672,003	3,796,638	4,843,768	4,635,352	3,258,254	3,628,932	3,542,629	2,299,627	3,323,456	3,232,541	2,670,332	4,872,668	4,668,666	4,443,108
Proceeds from sales of equity securities
266,301	58,688	194,429	81,684	95,017	251,526	244,851	330,757	291,311	304,528	278,809	219,717	253,347	286,824	127,285	121,607	216,012	55,003	236,665	146,437	125,906	106,328	206,347	49,073	49,614	89,787	178,788	112,699	81,513	49,200	65,932	122,625	75,860	58,386	111,467	147,334	52,316	14,522	19,151	25,043	11,725
Proceeds from sales, redemptions and maturities of other investments
216,131	382,042	292,819	318,215	216,483	383,923	404,737	336,732	436,566	590,036	324,087	296,976	317,518	269,998	242,795	425,410	211,125	392,515	270,718	318,201	269,449	375,280	-52,189	287,531	331,176	4,052	307,162	226,424	280,010	114,537	112,129	105,815	111,149	-	-	-	84,967	133,211	68,843	87,536	89,510
Proceeds from redemptions and maturities of fixed maturity investments
198,356	248,546	149,770	144,525	100,424	168,734	212,573	224,417	287,031	159,796	299,680	273,223	174,718	214,184	169,843	207,086	163,894	118,132	155,413	202,327	272,657	126,266	204,689	263,556	168,484	136,205	170,550	243,226	181,727	248,514	268,288	337,132	261,660	296,408	200,671	283,512	253,898	266,044	226,889	244,312	212,625
Net settlements of derivative instruments
-195,488	32,441	-4,722	-57,964	-29,737	-43,934	3,733	31,572	-36,070	7,611	14,968	2,063	3,921	40,464	21,778	-24,083	-21,091	86,170	-62,108	7,057	-26,063	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (purchases) sales of short-term investments
11,777	89,245	72,442	91,081	-292,601	68,842	-102,414	143,417	-595,318	-230,099	519,450	47,352	397,851	-480,752	299,702	238,866	65,594	12,646	-178,034	62,576	-66,283	101,262	-248,084	-274,042	-156,262	481,645	-106,178	153,702	221,444	-113,780	-246,746	-32,837	207,444	114,854	123,211	-459,091	223,415	129,794	205,411	-96,239	102,921
Change in cash collateral related to securities lending
-55,001	69,183	600	-37,208	29,618	-43,810	39,231	-14,737	-161,567	136,152	27,001	5,253	-180,946	127,313	9,220	-24,403	43,118	35,347	-47,014	12,800	5,529	-60,207	21,438	-14,032	-4,669	58,151	713	-44,240	41,019	16,650	-40,677	24,159	-6,322	-16,150	-80,376	-48,853	125,904	-131,389	-10,385	30,772	-30,092
Acquisitions, net of cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3,250	2,432	1,528	0	0	235,578	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of fixed assets
8,470	10,202	11,276	6,936	9,423	10,759	5,808	9,002	4,240	5,979	5,759	5,909	5,194	3,738	3,281	4,332	3,952	4,835	4,505	3,124	3,272	5,308	4,215	4,978	5,382	6,546	3,861	3,350	3,742	4,638	3,686	3,710	6,498	3,461	3,178	4,266	8,082	1,553	2,251	6,057	1,803
Other
-42,500	145,533	28,375	80,847	93,731	36,491	-8,266	-9,924	-40,037	3,214	-60,601	-10,420	-23,068	23,979	17,232	-6,679	-6,737	-6,661	6,885	7,144	29,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
-278,496	-556,007	-503,532	-452,151	-294,793	-163,937	-492,482	160,313	-57,914	-479,244	-583,523	-170,702	-118,413	-1,448,325	-899,440	-122,401	-233,267	-413,125	-461,596	-83,773	44,619	-194,321	-359,033	-910,841	-41,226	-821,841	-179,960	-95,280	-210,432	97,173	-177,820	-318,702	3,381	-106,363	-232,919	-131,125	-68,013	276,028	-186,455	27,003	-100,479
Financing Activities
Redemption of preferred shares
-	-	-	-	-	0	0	0	92,555	0	230,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of common shares under share repurchase program
75,486	0	0	0	2,871	98,233	10,954	170,276	3,299	0	0	0	0	0	0	0	75,256	0	3,506	198,979	162,898	202,218	251,919	0	0	0	1,333	15,499	40,964	172,056	0	0	0	3	20,833	29,552	237,173	258,150	53,398	269,054	181,272
Proceeds from common shares issued, net
4,527	5,685	1,075	-2,458	1,901	4,421	1,822	-11,072	-2,779	-13,564	-646	-2,848	-3,990	1,367	-2,298	-1,689	202	4,164	-1,481	2,590	-412	3,579	727	-500	3,021	3,476	92	-1,797	1,280	5,429	1,256	-432	780	3,245	1,609	-1,397	2,875	4,693	8,586	3,779	10,591
Proceeds from borrowings
16,300	0	137,283	3,800	59,000	51,000	36,680	90,994	39,585	14,500	238,915	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	50,000	214,526
Repayments of borrowings
0	21,644	0	1,500	26,038	149,401	54,000	272,000	101,000	25,000	100,000	50,000	22,000	40,000	0	105,000	74,171	0	0	0	0	-	-	-	-	-	-	-	-	186,291	50,804	3,910	69,863	3,513	4,225	3,919	3,695	31,072	5,646	34,022	86,317
Change in cash collateral related to securities lending
-55,001	69,183	600	-37,208	29,618	-43,810	39,231	-14,737	-161,567	136,152	27,001	5,253	-180,946	127,313	9,220	-24,403	43,118	35,347	-47,014	12,800	5,529	-60,207	21,438	-14,032	-4,669	58,151	713	-44,240	41,019	16,650	-40,677	24,159	-6,322	-16,150	-80,376	-48,853	125,904	-131,389	-10,385	30,772	-30,092
Third party investment in non-redeemable noncontrolling interests
2,867	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in third party investment in non-redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	796,903	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in third party investment in redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	32,340	186,893	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to redeemable noncontrolling interests
1,181	1,107	2,414	4,497	4,497	4,498	4,497	4,497	4,497	4,498	4,497	4,497	4,497	4,498	4,497	4,497	4,497	4,497	4,497	4,497	4,816	4,816	4,816	4,816	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-1,331	-816	-1,678	-2,140	-1,389	-1,142	-1,595	-2,133	-2,356	-2,616	-7,582	-36,680	-5,018	-28,983	35,336	-31,338	29,115	-92,376	-4,555	25,239	29,779	58,414	1,853	3,006	1,700	45,151	637	3,958	1,084	2,185	1,015	2,876	588	766	818	2,467	714	-893	1,593	2,296	5,061
Preferred dividends paid
10,403	10,403	10,403	10,403	10,403	10,403	10,402	10,403	10,437	11,105	12,369	11,349	11,218	11,617	5,484	5,485	5,484	5,485	5,484	5,485	5,484	5,485	5,484	5,485	5,484	5,485	5,484	5,485	5,484	5,484	5,485	10,951	6,461	6,461	6,461	6,461	6,461	6,461	6,461	6,461	6,461
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
-134,496	-34,166	-37,411	-50,604	41,519	-252,066	-3,715	-394,124	-338,905	191,509	132,876	-100,121	-227,669	1,381,878	467,176	-126,412	-86,973	129,438	172,540	-168,332	-138,302	-210,733	-238,201	10,513	978,364	595,521	-5,375	-63,063	-3,065	-339,567	-94,721	2,531	-81,278	-22,116	-109,468	-87,715	-117,836	-423,272	-65,711	-222,690	-73,964
Effects of exchange rate changes on foreign currency cash and restricted cash
-30,723	26,076	-10,272	-1,512	3,449	-7,508	-1,194	-12,042	1,611	236	8,272	6,998	2,618	-10,859	-1,426	-11,238	2,332	-3,093	-8,619	6,429	-6,468	-10,441	-12,079	2,272	241	416	7,663	-6,000	-6,436	1,343	4,906	-3,690	4,183	642	-8,643	997	5,406	-526	9,270	-7,066	-6,043
Increase (decrease) in cash and restricted cash
166,739	-58,777	279,400	-27,141	-14,427	14,824	126,710	-149,147	4,972	-253,330	84,799	86,052	-159,806	262,984	62,225	-41,370	4,635	-96,453	124,705	54,062	-14,690	-178,024	-262,717	-643,162	1,135,548	-2,084	61,022	18,352	-14,274	-51,399	67,048	-67,414	71,107	-18,196	-41,106	4,124	44,137	-3,257	24,528	2,761	4,137
Supplemental cash flow information
Income taxes paid (received)
-	-	-	-	-	-	-	-	-	-	-	-	-	9,879	14,123	24,115	2,504	4,813	9,468	22,423	3,569	7,588	5,056	6,679	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	28,054	3,710	27,711	3,813	27,533	119	24,565	511	24,318	415	21,292	404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-