ARCH CAPITAL GROUP LTD. ACGLP Income Statement

Arch capital group ltd. (ACGLP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues
Net premiums written
6,039	5,346	4,961	4,031	3,817	3,891	3,351	3,052	2,673	2,511	2,763	2,805
Change in unearned premiums
-252	-114	-116	-146	-83	-298	205	117	41	-41	-79	-39
Net premiums earned
5,786	5,231	4,844	3,884	3,733	3,593	3,145	2,935	2,631	2,552	2,842	2,845
Net investment income
627	563	470	366	348	302	267	294	338	364	390	468
Net realized gains (losses)
366	-405	149	137	-185	102	74	194	110	252	143	-3
Other-than-temporary impairment losses
-	-	-	30	26	30	3	12	13	13	147	181
Less investment impairments recognized in other comprehensive income, before taxes
-	-	-	0	6	0	0	0	4	-1	-81	0
Net impairment losses recognized in earnings
3	2	7	30	20	30	3	11	9	11	66	181
Other underwriting income
24	15	30	57	35	10	7	8	3	5	3	4
Equity in net income (loss) of investment funds accounted for using the equity method
123	45	142	48	25	19	35	73	-9	61	167	-178
Other income
2	2	-2	-0	-0	-10	-0	-12	-2	18	20	12
Total revenues
6,928	5,450	5,627	4,463	3,936	3,988	3,526	3,482	3,063	3,244	3,501	2,966
Expenses
Losses and loss adjustment expenses
3,133	2,890	2,967	2,185	2,050	1,919	1,679	1,861	1,727	1,517	1,654	1,848
Acquisition expenses
840	805	775	667	662	657	564	508	462	441	493	490
Other operating expenses
800	677	684	624	603	556	500	465	432	432	392	395
Corporate expenses
80	78	83	81	49	49	-	-	-	-	-	-
Amortization of intangible assets
82	105	125	19	22	-	-	-	-	-	-	-
Interest expense
120	120	117	66	45	45	27	28	31	30	24	23
Net foreign exchange (gains) losses
-20	69	-115	36	66	83	-12	-28	17	28	-39	96
Total expenses
5,079	4,608	4,870	3,608	3,369	3,144	2,783	2,892	2,636	2,393	2,603	2,662
Income (loss) before income taxes
1,849	841	757	855	567	844	742	589	426	850	897	304
Current tax expense (benefit)
144	85	-45	50	44	30	32	9	7	19	23	23
Deferred tax expense (benefit)
11	28	173	-19	-3	-7	0	-13	-17	-11	-2	-9
Income tax expense
155	113	127	31	40	22	32	-4	-9	7	20	13
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,693	727	629	824	526	821	709	593	-	-	-	290
Net Income (Loss) Attributable to Noncontrolling Interest
56	-30	10	131	-11	-13	0	0	-	-	-	-
Net income available to Arch
1,636	757	619	692	537	834	709	593	436	842	876	-
Dividends, Preferred Stock
41	41	46	28	21	21	21	25	25	25	25	25
Loss on redemption of preferred shares
0	2	6	0	0	-	-	10	0	0	-	-
Net income available to Arch common shareholders
1,594	713	566	664	515	812	687	557	410	816	851	265
Net income per common share and common share equivalent
Basic (per share)
3.97	1.76	1.40	1.83	4.24	6.21	5.24	4.15	3.10	5.43	4.76	4.27
Diluted (per share)
3.87	1.73	1.36	1.78	4.09	6.02	5.07	4.03	2.97	5.18	4.58	4.09
Weighted average common shares and common share equivalents outstanding
Basic (shares)
401	404	404	362	121	130	131	134	132	150	178	62
Diluted (shares)
411	412	417	374	126	134	135	138	138	157	185	64