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ARCH CAPITAL GROUP LTD. (NASDAQ - ACGL)  
 2015 Y2016 Y2017 Y2018 Y
Source Document12/31/201712/31/201812/31/201812/31/2018
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Revenues 
Net premiums written 3,817,5314,031,3914,961,3735,346,747
Change in unearned premiums (83,626)(146,569)(116,841)(114,772)
Net premiums earned 3,733,9053,884,8224,844,5325,231,975
Net investment income 348,090366,742470,872563,633
Net realized gains (losses) (185,842)137,586149,141(405,344)
Other-than-temporary impairment losses (26,152)(30,794)(7,138)(2,829)
Less investment impairments recognized in other comprehensive income, before taxes 6,03635200
Net impairment losses recognized in earnings (20,116)(30,442)(7,138)(2,829)
Other underwriting income 35,49757,17330,25315,073
Equity in net income of investments accounted for using the equity method 25,45548,475142,28645,641
Other income (loss) (399)(800)(2,571)2,419
Total revenues 3,936,5904,463,5565,627,3755,450,568
Expenses 
Losses and loss adjustment expenses 2,050,9032,185,5992,967,4462,890,106
Acquisition expenses 662,778667,625775,458805,135
Other operating expenses 603,288624,090684,451677,809
Corporate expenses 49,74581,74683,75278,994
Amortization of intangible assets 22,92619,343125,778105,670
Interest expense 45,87466,252117,431120,484
Net foreign exchange losses (gains) (66,118)(36,651)115,782(69,402)
Total expenses 3,369,3963,608,0044,870,0984,608,796
Income before income taxes 567,194855,552757,277841,772
Income taxes 
Current tax (benefit) expense 44,19450,745(45,736)85,863
Deferred tax expense (benefit) (3,582)(19,371)173,30428,088
Income tax expense 40,61231,374127,568113,951
Net income 526,582824,178629,709727,821
Net (income) loss attributable to noncontrolling interests 11,156(131,440)(10,431)30,150
Net income available to Arch 537,738692,738619,278757,971
Preferred dividends (21,938)(28,070)(46,041)(41,645)
Loss on redemption of preferred shares 00(6,735)(2,710)
Net income available to Arch common shareholders 515,800664,668566,502713,616
Net income per common share and common share equivalent 
Basic 4.241.831.41.76
Diluted 4.091.781.361.73
Weighted average common shares and common share equivalents outstanding 
Basic 121,786,127362,376,342404,138,364404,347,621
Diluted 126,038,743374,152,479417,785,025412,906,478
Comprehensive Income 
Net income 526,582824,178629,709727,821
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 year (77,244)(21,013)252,904(270,057)
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax (6,036)(352)00
Reclassification of net realized gains, net of income taxes, included in net income (28,233)(56,361)(67,863)144,573
Foreign currency translation adjustments (34,111)(20,381)47,014(24,830)
Comprehensive income 380,958726,071861,764577,507
Net (income) loss attributable to noncontrolling interests 11,156(131,440)(10,431)30,150
Other comprehensive (income) loss attributable to noncontrolling interests 265685303,346
Comprehensive income available to Arch 392,379594,699851,863611,003


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