Arch capital group ltd. (ACGLP)
Income statement / TTM
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'10Sep'09Jun'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