Arch capital group ltd. (ACGLO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-