Arch capital group ltd. (ACGLP)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'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