ACGL $38.52  0.10 ( 0.26%)

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD 2019 Q1 YTD 3/31/2019 USD

Revenues

Net premiums written 3,817,531 4,031,391 4,961,373 5,346,747 1,525,259
Change in unearned premiums (83,626) (146,569) (116,841) (114,772) (156,393)
Net premiums earned 3,733,905 3,884,822 4,844,532 5,231,975 1,368,866
Net investment income 348,090 366,742 470,872 563,633 156,949
Net realized gains (losses) (185,842) 137,586 149,141 (405,344) 141,565
Other-than-temporary impairment losses (26,152) (30,794) (7,138) (2,829) (1,309)
Less investment impairments recognized in other comprehensive income, before taxes 6,036 352 0 0 0
Net impairment losses recognized in earnings (20,116) (30,442) (7,138) (2,829) (1,309)
Other underwriting income 35,497 57,173 30,253 15,073 8,825
Equity in net income of investment funds accounted for using the equity method 25,455 48,475 142,286 45,641 46,867
Other income (399) (800) (2,571) 2,419 1,083
Total revenues 3,936,590 4,463,556 5,627,375 5,450,568 1,722,846

Expenses

Losses and loss adjustment expenses 2,050,903 2,185,599 2,967,446 2,890,106 718,532
Acquisition expenses 662,778 667,625 775,458 805,135 197,848
Other operating expenses 603,288 624,090 684,451 677,809 201,163
Corporate expenses 49,745 81,746 83,752 78,994 17,962
Amortization of intangible assets 22,926 19,343 125,778 105,670 20,417
Interest expense 45,874 66,252 117,431 120,484 29,065
Net foreign exchange (gains) losses (66,118) (36,651) 115,782 (69,402) (3,525)
Total expenses 3,369,396 3,608,004 4,870,098 4,608,796 1,181,462
Income before income taxes 567,194 855,552 757,277 841,772 541,384

Income tax expense

Current tax (benefit) expense 44,194 50,745 (45,736) 85,863 NA
Deferred tax expense (benefit) (3,582) (19,371) 173,304 28,088 NA
Income tax expense 40,612 31,374 127,568 113,951 (45,886)
Net income 526,582 824,178 629,709 727,821 495,498
Net (income) loss attributable to noncontrolling interests 11,156 (131,440) (10,431) 30,150 (46,970)
Net income available to Arch 537,738 692,738 619,278 757,971 448,528
Preferred dividends (21,938) (28,070) (46,041) (41,645) (10,403)
Loss on redemption of preferred shares 0 0 (6,735) (2,710) 0
Net income available to Arch common shareholders 515,800 664,668 566,502 713,616 438,125

Net income per common share and common share equivalent

Basic 4.24 1.83 1.40 1.76 1.09
Diluted 4.09 1.78 1.36 1.73 1.07

Weighted average common shares and common share equivalents outstanding

Basic 121,786,127 362,376,342 404,138,364 404,347,621 400,184,404
Diluted 126,038,743 374,152,479 417,785,025 412,906,478 408,971,029

Comprehensive Income

Net income 526,582 824,178 629,709 727,821 495,498

Other comprehensive income (loss), net of deferred income tax

Unrealized appreciation (decline) in value of available-for-sale investments
Unrealized holding gains (losses) arising during period (77,244) (21,013) 252,904 (270,057) 225,887
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax (6,036) (352) 0 0 NA
Reclassification of net realized (gains) losses, net of income taxes, included in net income (loss) (28,233) (56,361) (67,863) 144,573 (10,221)
Foreign currency translation adjustments (34,111) (20,381) 47,014 (24,830) 5,516
Comprehensive income 380,958 726,071 861,764 577,507 716,680
Net (income) loss attributable to noncontrolling interests 11,156 (131,440) (10,431) 30,150 (46,970)
Other comprehensive (income) loss attributable to noncontrolling interests 265 68 530 3,346 (4,139)
Comprehensive income available to Arch 392,379 594,699 851,863 611,003 665,571
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.