ARCH CAPITAL GROUP LTD.

10-K & 10-Q Filings

Arch Capital Group Ltd. is a publicly listed Bermuda exempted company with approximately $21.1 billion in capital and is part of the S&P 500 index. The company provides insurance, reinsurance, and mortgage insurance on a worldwide basis through its subsidiaries. Arch Capital focuses on specialty lines of insurance and reinsurance and has operations in Bermuda, the U.S., the U.K., Europe, Canada, and Australia. The company's insurance operations are conducted through Arch Insurance (Bermuda), Arch Insurance Company, Arch Specialty Insurance Company, Arch Indemnity Insurance Company, Arch Property Casualty Insurance Company, and McNeil, a specialized risk manager and program administrator based in Cortland, New York. Arch Insurance Group's strategy is to operate in lines of business where underwriting expertise can make a meaningful difference in operating results, focus on talent-intensive rather than labor-intensive business, and maintain a disciplined underwriting philosophy. Arch Capital's website is www.archgroup.com, and its common shares are traded on the NASDAQ stock market under the ticker symbol "ACGL." The company's insurance operations are classified into three underwriting segments – insurance, reinsurance, and mortgage – and two operating segments – corporate and 'other.' For more information on Arch Capital's business, please refer to the full text of the Form 10-K filing.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$3063.31
3482.38
3526.16
3988.87
3936.59
4463.56
5627.38
5450.57
6928.20
8525.27
9249.98
9614.81
13634.00
13.25%41.80%Premiums Written (+)
$2673.33
3052.24
3351.37
3891.94
3817.53
4031.39
4961.37
5346.75
6039.07
Premiums Earned (+)
$2631.82
2935.14
3145.95
3593.75
3733.91
3884.82
4844.53
5231.98
5786.50
6991.94
8082.30
9678.08
12440.00
13.82%28.54%Selling, General & Administrative (-)
$
81.75
83.75
78.99
80.11
81.99
79.16
95.48
102.00
6.83%Depreciation & Amortization (-)
$
125.78
105.67
82.10
69.03
82.95
106.20
95.00
-10.55%Non-recurring Operating Expenses (-)
$9.06
11.39
3.79
30.15
20.12
30.44
7.14
Operating Expenses (-)
$463.17
493.88
527.79
651.86
703.53
781.82
1013.98
980.54
1081.85
1152.86
1289.93
1486.29
1604.00
10.91%7.92%Costs & Expenses (Total) (-)
$2636.30
2892.99
2783.65
3144.63
3369.40
3608.00
4870.10
4608.80
5079.09
6947.73
7146.63
8126.31
10249.00
11.98%26.12%Operating Income/Loss (+)
$427.01
589.39
742.51
844.25
567.19
855.55
757.28
841.77
1849.11
1577.55
2103.35
1488.49
3385.00
18.83%127.41%Non-operating Income/Expense (+)
$345.96
339.45
290.58
406.21
439.66
451.87
497.38
678.68
730.80
582.67
797.05
713.31
1241.00
11.23%73.98%Interest Expense (-)
$31.69
28.52
27.06
45.63
45.87
66.25
117.43
120.48
120.87
143.46
139.47
130.27
133.00
12.70%2.10%Earnings before Tax (+)
$427.01
589.39
742.50
844.25
567.19
855.55
757.28
841.77
1849.11
1577.55
2368.04
1562.38
3569.00
19.36%128.43%Tax Expense (-)
$-18.69
-8.02
32.77
22.99
40.61
31.37
127.57
113.95
155.81
111.84
128.58
79.96
-873.00
-1191.78%Income/Loss (Continuing Operations) (+)
$436.36
593.40
709.73
821.26
526.58
824.18
629.71
727.82
1693.30
1465.71
2239.46
1482.42
4442.00
21.33%199.64%Profit/Loss (+)
$
821.26
526.58
824.18
629.71
727.82
1693.30
1465.71
2239.46
1482.42
4442.00
199.64%Net Income/Loss (NCI) (-)
$
-13.10
-11.16
131.44
10.43
-30.15
56.98
60.19
82.61
5.49
-1.00
-118.21%Net Income/Loss (+)
$436.36
593.40
709.73
834.36
537.74
692.74
619.28
757.97
1636.32
1405.52
2156.85
1476.93
4443.00
21.34%200.83%Preferred & Other Distributions (-)
$25.84
35.69
21.94
21.94
21.94
28.07
52.78
44.36
41.61
41.61
63.44
40.74
40.00
3.71%-1.81%Net Income/Loss (Common) (+)
$410.51
557.71
687.79
812.42
515.80
664.67
566.50
713.62
1594.71
1363.91
2093.41
1436.20
4403.00
21.86%206.57%EPS (Basic)
$3.10
4.15
5.24
6.21
4.24
5.50
4.21
1.76
3.97
3.38
5.34
3.90
11.94
11.89%206.15%EPS (Diluted)
$2.97
4.03
5.07
6.02
4.09
5.33
4.07
1.73
3.87
3.32
5.23
3.80
11.62
12.04%205.79%Weighted Avg Shares (Basic)
132.22
134.45
131.36
130.82
121.79
120.79
134.71
404.35
401.80
403.06
391.75
368.61
368.70
8.92%0.02%Weighted Avg Shares (Diluted)
138.29
138.26
135.78
134.92
126.04
124.72
139.26
412.91
411.61
410.26
400.35
377.61
378.80
8.76%0.32%Cash
$351.70
371.04
434.06
485.70
553.33
842.94
606.20
646.56
726.23
906.45
858.67
855.12
917.00
8.31%7.24%Short-term Investments
$904.22
722.12
1478.37
797.23
587.90
612.00
1469.04
955.88
956.55
1924.92
3538.89
859.97
1186.00
2.29%37.91%Receivables
$501.56
688.87
753.92
948.70
983.44
1072.43
1135.25
1299.15
1778.72
2064.59
2633.28
3624.78
4644.00
20.38%28.12%Securities & Long-term Investments
$12001.05
12691.24
13611.73
15331.25
15842.94
19719.65
21840.01
21745.28
24402.25
28761.36
26588.16
27292.93
33856.00
9.03%24.05%Other Assets
$3383.24
3343.49
3288.01
4446.67
5209.66
7125.08
7001.16
7571.46
10021.62
9624.98
11481.96
15357.72
18303.00
15.11%19.18%Assets (Total)
$17141.77
17816.76
19566.09
22009.54
23177.27
29372.11
32051.66
32218.33
37885.36
43282.30
45100.94
47990.51
58906.00
10.83%22.75%Insurance Liabilities
$1545.74
1836.52
10917.23
11487.34
11932.28
14209.64
15569.78
16236.67
19105.16
22251.74
25594.70
29148.10
33560.00
29.24%15.14%Securities (Liabilities)
$482.38
90.14
159.32
178.94
458.84
838.74
925.79
364.16
475.94
519.87
64.85
95.04
247.00
-5.43%159.89%Debt (Non-current)
$400.00
400.00
900.00
900.00
1321.74
2488.91
2549.02
2189.21
2355.91
3016.80
2724.39
2725.41
2726.00
17.34%0.02%Other Liabilities
$10085.16
10321.22
1942.05
2544.13
2315.51
2523.70
2761.13
2990.61
3632.79
3506.45
3161.87
3101.05
4018.00
-7.38%29.57%Liabilities (Total)
$12513.28
12647.88
13918.60
15110.41
16028.38
20060.98
21805.72
21780.65
25569.81
29294.86
31545.82
35069.61
40551.00
10.29%15.63%Treasury Stock
$845.47
1025.84
1094.70
1562.02
1941.90
2034.57
2077.74
2382.17
2406.05
2500.00
3761.09
4377.92
4424.00
14.79%1.05%Retained Earnings
$4833.07
5354.36
6042.15
6854.57
7370.37
7996.70
8562.89
9426.30
11021.01
14455.87
15892.07
20295.00
12.70%27.71%AOCI
$153.92
287.02
74.96
128.86
-16.50
-114.54
118.04
-178.72
212.09
488.89
-64.60
-1646.17
-676.00
58.93%Shareholder's Equity
$4628.49
5168.88
5647.50
6899.13
6943.71
9105.57
10040.01
10231.39
12260.15
13928.89
13545.90
12910.07
18353.00
12.16%42.16%Liabilities & Equity
$17141.77
17816.76
19566.09
22009.54
23177.27
29372.11
32051.66
32218.33
37885.36
43282.30
45100.94
47990.51
58906.00
10.83%22.75%Net Income/Loss
$436.36
593.40
709.73
821.26
526.58
824.18
629.71
727.82
1693.30
1465.71
2239.46
1482.42
4442.00
21.33%199.64%Depreciation & Amortization
$
125.78
105.67
82.10
69.03
82.95
106.20
95.00
-10.55%Increase/Decrease in Working Capital
$-432.53
-517.70
-113.37
-245.10
-241.29
-658.31
-536.25
-242.98
-598.62
-2173.08
-1909.46
-1334.25
-1152.00
13.66%Share-based Compensation
$30.99
42.30
49.24
54.79
56.10
56.58
67.80
55.78
66.42
71.26
87.09
87.63
93.00
9.59%6.13%Adjustments to Reconcile Net Income
$429.75
328.21
141.14
215.87
471.32
572.47
482.91
831.50
355.16
1420.79
1188.09
2332.80
1307.00
9.71%-43.97%Net Cash (Operating)
$866.11
921.60
850.87
1037.13
997.91
1396.64
1112.62
1559.32
2048.46
2886.51
3427.55
3815.23
5749.00
17.09%50.69%Capital Expenditure
$18.99
-10.42
17.50
256.99
14.92
2008.02
50.55
29.81
37.84
39.87
1144.51
51.67
52.00
8.76%0.63%Net Cash (Investing)
$-538.42
-395.97
-1307.51
-1505.42
-913.88
-5287.84
-2732.53
-1288.92
-1806.48
-3043.23
-2139.73
-3102.05
-5468.00
-76.27%Increase/Decrease in Debt
$-15.35
-310.87
494.23
431.36
1167.57
56.41
-358.14
150.90
659.79
Increase/Decrease in Equity
$-281.23
-174.26
-54.74
-447.31
-360.52
357.23
68.65
-382.93
3.33
-1192.06
-579.16
Interest Expenses
$
46.43
52.73
63.29
117.37
119.78
126.94
133.49
139.30
128.43
127.00
-1.11%Dividends Paid
$25.84
28.38
21.94
36.39
40.24
46.09
63.99
59.63
54.13
4.95
50.19
40.74
40.00
3.71%-1.81%Net Cash (Financing)
$-337.13
-513.03
524.02
539.94
-4.66
3116.06
5.77
-1796.74
-80.66
521.28
-1229.55
-705.73
-69.00
90.22%Cash Taxes Paid
$
20.92
40.27
50.62
51.78
-0.98
109.46
202.94
286.81
254.92
267.00
4.74%Effect of Exchange Rate
$-1.60
6.74
-4.36
-20.01
-11.75
-21.15
14.04
-19.13
17.74
22.29
-34.05
-48.89
13.00
126.59%Increase/Decrease in Cash
$-11.04
19.34
63.02
51.65
67.62
289.62
-236.74
-2.64
179.06
386.85
24.23
-41.44
225.00
642.91%Cash (Beginning)
$362.74
351.70
371.04
434.06
485.70
553.33
842.94
727.28
724.64
903.70
1290.54
1314.77
1273.00
11.03%-3.18%Cash (Ending)
$351.70
371.04
434.06
485.70
553.33
842.94
606.20
724.64
903.70
1290.54
1314.77
1273.33
1498.00
12.84%17.64%NOPAT
$445.70
597.41
709.73
823.32
526.92
804.93
705.50
727.82
1739.65
1374.61
1848.60
1245.63
4212.99
20.59%238.22%Operating Margin %
13.94%
16.92%
21.06%
21.17%
14.41%
19.17%
13.46%
15.44%
26.69%
18.50%
22.74%
15.48%
24.83%
NOPAT Margin %
14.55%
17.16%
20.13%
20.64%
13.39%
18.03%
12.54%
13.35%
25.11%
16.12%
19.98%
12.96%
30.90%
Net Margin %
14.24%
17.04%
20.13%
20.92%
13.66%
15.52%
11.00%
13.91%
23.62%
16.49%
23.32%
15.36%
32.59%
Tax Rate %
-4.38%
-1.36%
4.41%
2.48%
7.10%
5.92%
6.84%
13.54%
5.92%
12.86%
12.11%
16.32%
-24.46%
ROA
2.60%
3.35%
3.63%
3.74%
2.27%
2.74%
2.20%
2.26%
4.59%
3.18%
4.10%
2.60%
7.15%
ROE
9.63%
11.56%
12.57%
11.93%
7.59%
8.84%
7.03%
7.11%
14.19%
9.87%
13.65%
9.65%
22.96%
Asset Turnover
0.18
0.20
0.18
0.18
0.17
0.15
0.18
0.17
0.18
0.20
0.21
0.20
0.23
Equity Multiplier
3.70
3.45
3.46
3.19
3.34
3.23
3.19
3.15
3.09
3.11
3.33
3.72
3.21
Debt/Equity Ratio
0.09
0.08
0.16
0.13
0.19
0.27
0.25
0.21
0.19
0.22
0.20
0.21
0.15
Interest Coverage Ratio
18.18
10.76
13.52
6.45
7.03
14.57
11.82
15.10
11.59
26.65
Dividend Payout Ratio %
5.80%
4.75%
3.09%
4.42%
7.64%
5.73%
9.07%
8.19%
3.11%
0.36%
2.71%
3.27%
0.95%
Total Payout
$322.42
513.51
-417.55
530.13
22.13
-1415.42
56.30
920.48
26.84
-521.36
1381.54
748.32
167.00
-5.33%-77.68%Payout Ratio %
72.34%
85.96%
-58.83%
64.39%
4.20%
-175.84%
7.98%
126.47%
1.54%
-37.93%
74.73%
60.08%
3.96%