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ARCH CAPITAL GROUP LTD. (NASDAQ - ACGL)  
 2014 Y2015 Y2016 Y2017 Y2018 Q2 YTD
Source Document12/31/201612/31/201712/31/201712/31/20176/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Revenues 
Net premiums written 3,891,9383,817,5314,031,3914,961,3732,711,440
Change in unearned premiums (298,190)(83,626)(146,569)(116,841)(139,778)
Net premiums earned 3,593,7483,733,9053,884,8224,844,5322,571,662
Net investment income 302,585348,090366,742470,872262,392
Net realized gains (losses) 102,917(185,842)137,586149,141(187,609)
Other-than-temporary impairment losses (30,470)(26,152)(30,794)(7,138)(632)
Less investment impairments recognized in other comprehensive income, before taxes 3206,03635200
Net impairment losses recognized in earnings (30,150)(20,116)(30,442)(7,138)(632)
Other underwriting income 10,14235,49757,17330,2539,223
Equity in net income (loss) of investment funds accounted for using the equity method 19,88325,45548,475142,28636,541
Other income (loss) (10,252)(399)(800)(2,571)3,187
Total revenues 3,988,8733,936,5904,463,5565,627,3752,694,764
Expenses 
Losses and loss adjustment expenses 1,919,2502,050,9032,185,5992,967,4461,363,013
Acquisition expenses 657,262662,778667,625775,458394,214
Other operating expenses 556,280603,288624,090684,451351,196
Corporate expenses 49,94449,74581,74683,75237,824
Amortization of intangible assets NA22,92619,343125,77853,208
Interest expense 45,63445,87466,252117,43160,980
Net foreign exchange (gains) losses (83,744)(66,118)(36,651)115,782(33,985)
Total expenses 3,144,6263,369,3963,608,0044,870,0982,226,450
Income before income taxes 844,247567,194855,552757,277468,314
Income tax expense 
Current tax (benefit) expense 30,55044,19450,745(45,736)NA
Deferred tax expense (benefit) (7,563)(3,582)(19,371)173,304NA
Income tax expense 22,98740,61231,374127,568(45,583)
Net income 821,260526,582824,178629,709422,731
Net (income) loss attributable to noncontrolling interests 13,09511,156(131,440)(10,431)(28,662)
Net income available to Arch 834,355537,738692,738619,278394,069
Preferred dividends (21,938)(21,938)(28,070)(46,041)(20,840)
Loss on redemption of preferred shares NA00(6,735)(2,710)
Net income available to Arch common shareholders 812,417515,800664,668566,502370,519
Net income per common share and common share equivalent 
Basic 6.214.245.54.210.91
Diluted 6.024.095.334.070.89
Weighted average common shares and common share equivalents outstanding 
Basic 130,817,610121,786,127120,792,114134,712,788406,162,508
Diluted 134,922,322126,038,743124,717,493139,261,675415,460,756
Comprehensive Income 
Net income 821,260526,582824,178629,709422,731
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 146,330(77,244)(21,013)252,904(251,948)
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax (320)(6,036)(352)NANA
Reclassification of net realized (gains) losses, net of income taxes, included in net income (65,104)(28,233)(56,361)(67,863)99,104
Foreign currency translation adjustments (27,014)(34,111)(20,381)47,014(11,313)
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax NANANA0NA
Comprehensive income 875,152380,958726,071861,764258,574
Other comprehensive (income) loss attributable to noncontrolling interests NA265685301,750
Net (income) loss attributable to noncontrolling interests 13,09511,156(131,440)(10,431)(28,662)
Other comprehensive (income) loss attributable to noncontrolling interests 0NANANANA
Comprehensive income available to Arch 888,247392,379594,699851,863231,662


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