ARCH CAPITAL GROUP LTD. ACGL Income Statement

Arch capital group ltd. (ACGL)

Income statement / TTM

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	Sep'09	Jun'09
Revenues
Net premiums written
6,651	6,039	5,885	5,605	5,459	5,346	5,156	5,147	5,097	4,961	4,722	4,411	4,186	4,031	3,994	3,951	3,871	3,817	3,878	3,865	3,893	3,891	3,745	3,624	3,463	3,351	3,215	3,131	3,141	3,052	2,950	2,886	2,772	2,673	2,645	2,589	2,507	2,511	2,755	2,813	0	0	0
Change in unearned premiums
-488	-252	-297	-429	-448	-114	-164	-144	-98	-116	-159	-166	-156	-146	-32	-53	-70	-83	-431	-411	-346	-298	235	223	210	205	129	91	133	117	121	124	94	41	54	53	-8	-41	100	86	0	0	0
Net premiums earned
6,162	5,786	5,640	5,492	5,365	5,231	5,087	5,058	4,962	4,844	4,588	4,285	4,050	3,884	3,859	3,837	3,775	3,733	3,713	3,680	3,644	3,593	3,509	3,401	3,252	3,145	3,086	3,039	3,007	2,935	2,828	2,762	2,678	2,631	2,590	2,536	2,516	2,552	2,654	2,726	0	0	0
Net investment income
615	627	630	613	593	563	531	504	479	470	436	413	390	366	371	364	362	348	334	328	314	302	287	273	268	267	273	281	286	294	301	311	324	338	348	356	360	364	374	384	0	0	0
Net realized gains (losses)
-140	366	157	43	-154	-405	-212	-94	3	149	29	87	134	137	86	-127	-231	-185	-31	76	166	102	101	76	35	74	119	186	208	194	153	123	134	110	170	208	225	252	249	168	0	0	0
Other-than-temporary impairment losses
-	-	4	3	-	-	2	4	5	-	19	21	24	30	25	30	26	26	21	21	34	30	26	18	4	3	9	11	13	12	9	12	11	13	13	11	13	13	17	35	0	0	0
Less investment impairments recognized in other comprehensive income, before taxes
-	-	0	0	-	-	0	0	0	-	0	0	0	0	1	4	4	6	4	1	1	0	0	0	0	0	0	0	0	0	2	4	4	4	3	0	-0	-1	-4	-4	0	0	0
Net impairment losses recognized in earnings
-	-	4	3	-	2	2	4	5	7	19	20	24	30	24	26	21	20	16	19	32	30	26	18	4	3	9	11	12	11	7	7	7	9	10	9	12	11	12	31	0	0	0
Other underwriting income
22	24	18	20	18	15	29	30	30	30	34	36	56	57	46	46	29	35	31	25	20	10	10	9	8	7	7	8	8	8	3	3	3	3	5	5	5	5	3	3	0	0	0
Equity in net income (loss) of investment funds accounted for using the equity method
72	123	89	88	64	45	82	98	122	142	128	113	89	48	37	18	26	25	22	29	22	19	22	23	25	35	46	65	62	73	42	-12	-14	-9	28	68	62	61	107	173	0	0	0
Other income
9	2	3	1	3	2	3	3	-1	-2	-3	-3	-1	-0	-0	-0	1	-0	-5	-12	-10	-10	-8	0	-3	-0	-1	-2	-2	-12	-12	-9	-14	-2	8	8	17	18	18	21	0	0	0
Total revenues
6,739	6,928	6,536	6,257	5,889	5,450	5,519	5,595	5,592	5,627	5,194	4,912	4,696	4,463	4,377	4,112	3,940	3,936	4,049	4,108	4,124	3,988	3,897	3,766	3,582	3,526	3,523	3,566	3,557	3,482	3,309	3,170	3,103	3,063	3,141	3,173	3,174	3,244	3,394	3,446	0	0	0
Expenses
Losses and loss adjustment expenses
3,530	3,133	3,116	3,013	2,971	2,890	2,741	3,088	3,051	2,967	2,842	2,320	2,215	2,185	2,137	2,145	2,080	2,050	2,040	2,010	1,976	1,919	1,857	1,783	1,716	1,679	1,867	1,884	1,865	1,861	1,616	1,596	1,628	1,727	1,716	1,652	1,583	1,517	1,595	1,634	0	0	0
Acquisition expenses
890	840	828	818	811	805	804	796	784	775	732	699	682	667	654	664	667	662	685	677	659	657	639	623	596	564	540	520	517	508	498	490	473	462	444	435	432	441	459	471	0	0	0
Other operating expenses
834	800	762	726	703	677	681	690	684	684	678	661	648	624	608	601	595	603	559	563	568	556	586	555	526	500	493	488	479	465	447	440	435	432	443	440	428	432	411	407	0	0	0
Corporate expenses
82	80	80	77	81	78	66	68	71	83	106	107	100	81	55	54	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
78	82	86	92	99	105	111	116	121	125	98	71	45	19	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
124	120	119	117	118	120	121	120	119	117	105	91	78	66	63	60	49	45	42	33	43	45	42	44	35	27	23	25	26	28	30	31	31	31	31	30	30	30	28	26	0	0	0
Net foreign exchange (gains) losses
48	-20	56	33	92	69	16	-22	-116	-115	-48	-23	40	36	2	20	-23	66	98	139	156	83	37	-59	-43	-12	-25	-1	15	-28	6	83	33	17	10	-114	-47	28	2	13	0	0	0
Total expenses
5,492	5,079	4,936	4,812	4,694	4,608	4,510	4,905	4,949	4,870	4,612	3,976	3,730	3,608	3,565	3,543	3,503	3,369	3,308	3,212	3,142	3,144	3,088	3,065	2,918	2,783	2,950	2,921	2,872	2,892	2,586	2,475	2,535	2,636	2,624	2,672	2,522	2,393	2,491	2,527	0	0	0
Income (loss) before income taxes
1,246	1,849	1,600	1,445	1,194	841	1,009	689	643	757	581	935	966	855	811	568	437	567	740	896	982	844	808	701	664	742	572	645	684	589	723	694	567	426	516	501	651	850	902	919	0	0	0
Income tax expense
137	155	163	158	137	113	135	110	121	127	58	63	43	31	55	51	44	40	34	31	31	22	32	33	31	32	5	3	-1	-4	3	-4	-7	-9	-8	-3	0	7	13	19	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,109	1,693	1,436	1,286	1,056	727	873	579	522	629	523	872	922	824	756	516	393	526	705	864	950	821	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
-222	56	-9	5	0	-30	37	4	5	10	44	107	131	131	79	12	-15	-11	11	22	15	-13	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to Arch
1,331	1,636	1,446	1,281	1,056	757	836	575	516	619	478	765	791	692	677	504	409	537	694	842	935	834	780	666	635	709	567	642	685	593	719	698	574	436	438	513	0	-	0	0	-	-	-
Dividends, Preferred Stock
41	41	41	41	41	41	42	44	45	46	46	39	33	28	21	21	21	21	21	21	21	21	21	21	21	21	21	21	24	25	26	27	25	25	25	25	25	25	25	25	0	0	0
Loss on redemption of preferred shares
-	-	0	0	-	2	2	9	9	6	6	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net income available to Arch common shareholders
1,290	1,594	1,404	1,239	1,014	713	791	521	461	566	425	725	757	664	655	482	387	515	672	821	913	812	758	644	613	687	545	620	650	557	682	660	549	410	499	478	625	816	863	874	0	0	0
Net income per common share and common share equivalent
Basic (per share)
0.33	0.79	0.95	1.14	1.09	0.30	0.54	0.58	0.34	-0.70	-0.13	0.43	1.80	-3.16	2.05	1.70	1.24	0.47	0.62	0.91	2.24	1.65	1.69	1.53	1.34	1.18	0.83	1.31	1.92	0.11	1.36	1.50	1.18	1.04	1.23	0.69	0.14	-1.05	0.96	1.55	3.97	4.56	2.52
Diluted (per share)
0.32	0.76	0.92	1.12	1.07	0.31	0.53	0.56	0.33	-0.67	-0.13	0.42	1.74	-3.05	1.98	1.65	1.20	0.45	0.60	0.88	2.16	1.60	1.64	1.48	1.30	1.16	0.80	1.26	1.85	0.10	1.33	1.46	1.14	1.00	1.18	0.65	0.14	-1.01	0.92	1.48	3.79	4.39	2.43
Weighted average common shares and common share equivalents outstanding
Basic (shares)
403	402	402	401	400	402	402	404	407	674	404	403	134	1,087	120	120	120	120	120	121	124	126	131	132	131	131	131	131	130	134	135	134	133	132	131	131	133	249	146	152	53	60	60
Diluted (shares)
414	413	413	410	408	408	411	413	417	709	404	417	139	1,122	124	124	124	124	125	125	128	130	135	136	136	135	136	135	135	138	138	138	137	137	137	137	140	261	153	159	55	62	62