← ARCH CAPITAL GROUP LTD.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.5b | $4.4b | $4.3b | $4.4b | |
| Net Income (Loss) Attributable to Parent | $692.7m | $619.3m | $758.0m | $1.6b | $1.4b | $2.2b | $1.5b | $4.4b | $4.3b | $4.4b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $664.7m | $566.5m | $713.6m | $1.6b | $1.4b | $2.1b | $1.4b | $4.4b | $4.3b | $4.4b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $131.4m | $10.4m | ($30.1m) | $57.0m | $60.2m | $82.6m | $5.5m | ($1.0m) | $0 | $0 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $824.2m | $629.7m | $727.8m | $1.7b | $1.5b | $2.2b | $1.5b | $4.4b | $4.3b | $4.4b | |
| Amortization Cash Flow | — | — | — | — | — | — | $106.0m | $95.0m | $235.0m | $193.0m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $106.0m | $95.0m | $235.0m | $193.0m | |
| Amortization of Intangible Assets | $19.3m | $125.8m | $105.7m | $82.1m | $69.0m | $83.0m | $106.2m | $95.0m | $235.0m | $193.0m | |
| Deferred Policy Acquisition Costs, Amortization Expense | $678.0m | $775.5m | $805.1m | $840.9m | $1.0b | $1.3b | $1.7b | $2.3b | $2.7b | $3.2b | |
| Depreciation And Amortization | — | — | — | — | — | — | $106.0m | $95.0m | $235.0m | $193.0m | |
| Deferred Income Tax Expense (Benefit) | ($19.4m) | $173.3m | $28.1m | $11.4m | ($85.8m) | ($167.0m) | ($121.3m) | ($1.2b) | ($35.0m) | $174.0m | |
| Deferred income tax assets, net | — | — | — | — | — | ($167.0m) | ($121.0m) | ($1.2b) | ($35.0m) | $174.0m | |
| Goodwill and Intangible Asset Impairment | — | — | $6.3m | $1.0m | $0 | — | — | $2.0m | — | — | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | — | — | $2.0m | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | $0 | — | — | $0 | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | $6.3m | $1.0m | $0 | — | — | $0 | — | — | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | $137.6m | $149.1m | ($405.3m) | $366.4m | $823.5m | $379.8m | ($662.7m) | — | — | — | |
| Share-based Payment Arrangement, Expense | — | $67.9m | $55.9m | $63.8m | $69.9m | $86.6m | $87.7m | $92.0m | $133.0m | $148.0m | |
| Share-based Payment Arrangement, Noncash Expense | $56.6m | $67.8m | $55.8m | $66.4m | $71.3m | $87.1m | $87.6m | $93.0m | $133.0m | $148.0m | |
| Share-based compensation | $56.6m | $67.8m | $55.8m | $66.4m | $71.3m | $87.1m | $87.6m | $93.0m | $133.0m | $148.0m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $154.0m | ($215.0m) | ($488.0m) | ($459.0m) | |
| Equity in net (income) or loss of investments accounted for using the equity method and other income or loss | — | — | — | — | ($48.0m) | ($464.1m) | $153.2m | ($215.0m) | ($488.0m) | ($459.0m) | |
| Income (Loss) from Equity Method Investments | $48.5m | $142.3m | $45.6m | $123.7m | $146.7m | $366.4m | $115.9m | $278.0m | $580.0m | $504.0m | |
| Income Tax Expense (Benefit) | $31.4m | $127.6m | $114.0m | $155.8m | $111.8m | $128.6m | $80.0m | ($873.0m) | $362.0m | $760.0m | |
| Operating Lease, Expense | — | — | — | $30.5m | $31.8m | — | — | — | — | — | |
| Additional Financial Items | |||||||||||
| Acquisitions, net of cash | ($2.0b) | ($27.7m) | $0 | — | — | — | $0 | $0 | $852.0m | $0 | |
| Beginning Cash Position | — | — | — | — | — | — | $1.3b | $1.3b | $1.5b | $1.8b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($706.0m) | ($69.0m) | ($1.9b) | ($1.9b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.1b) | ($5.5b) | ($4.5b) | ($4.0b) | |
| Change In Account Payable | — | — | — | — | — | — | ($36.0m) | $455.0m | $179.0m | $137.0m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($434.0m) | ($1.3b) | ($394.0m) | $309.0m | |
| Change In Payable | — | — | — | — | — | — | ($36.0m) | $455.0m | $179.0m | $137.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($36.0m) | $455.0m | $179.0m | $137.0m | |
| Change In Receivables | — | — | — | — | — | — | ($1.1b) | ($981.0m) | ($818.0m) | $38.0m | |
| Change In Working Capital | — | — | — | — | — | — | $1.3b | $1.2b | $2.7b | $2.3b | |
| Changes In Account Receivables | — | — | — | — | — | — | ($1.1b) | ($981.0m) | ($818.0m) | $38.0m | |
| Changes In Cash | — | — | — | — | — | — | $9.0m | $212.0m | $287.0m | $246.0m | |
| Deferred acquisition costs | ($38.6m) | ($78.4m) | ($37.8m) | ($47.3m) | ($143.9m) | ($263.2m) | ($374.1m) | ($235.0m) | ($212.0m) | $86.0m | |
| End Cash Position | — | — | — | — | — | — | $1.3b | $1.5b | $1.8b | $2.1b | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | ($40.1m) | $11.3m | $26.8m | $122.6m | $74.9m | $61.0m | $62.0m | $84.0m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($22.8m) | $97.8m | $102.4m | $48.7m | ($267.9m) | $88.0m | $108.0m | $130.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($706.0m) | ($69.0m) | ($1.9b) | ($1.9b) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $36.7m | ($115.8m) | $69.4m | ($20.6m) | ($83.6m) | $41.5m | $100.9m | ($60.0m) | $75.0m | ($128.0m) | |
| Free Cash Flow | — | — | — | — | — | — | $3.8b | $5.7b | $6.6b | $6.1b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $651.0m | $182.0m | ($185.0m) | ($440.0m) | |
| General and Administrative Expense | $81.7m | $83.8m | $79.0m | $80.1m | $82.0m | $79.2m | $95.5m | $102.0m | $200.0m | $132.0m | |
| Goodwill | $204.0m | $198.2m | $249.6m | $326.6m | $314.6m | $344.9m | $342.1m | $345.0m | $571.0m | $607.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.1b) | ($5.5b) | ($4.5b) | ($4.0b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $6.0m | $0 | $7.0m | $50.0m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $2.2b | $3.0b | $2.9b | $3.1b | $4.7b | $4.6b | $5.0b | $6.2b | $8.3b | $9.4b | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $852.0m | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($50.0m) | ($52.0m) | ($51.0m) | ($44.0m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | $36.0m | $0 | $0 | — | — | |
| Net realized (gains) losses | ($178.5m) | ($174.5m) | $387.6m | ($381.1m) | ($844.6m) | ($427.4m) | $651.6m | $182.0m | ($185.0m) | ($440.0m) | |
| Net settlements of derivative instruments | ($17.1m) | ($28.6m) | $44.7m | $60.0m | $179.0m | ($40.1m) | ($68.8m) | $50.0m | ($5.0m) | $310.0m | |
| Operating Gains Losses | — | — | — | — | — | — | $805.0m | ($33.0m) | ($673.0m) | ($899.0m) | |
| Other | $1.7m | ($51.9m) | ($7.2m) | ($6.0m) | $73.7m | ($3.3m) | ($85.8m) | ($5.0m) | ($2.0m) | ($4.0m) | |
| Other items, net | ($3.9m) | ($93.9m) | $60.2m | ($41.1m) | $10.1m | ($340.4m) | ($435.1m) | ($92.0m) | ($359.0m) | $135.0m | |
| Preferred Stock Issuance | — | — | — | — | — | $486.0m | $0 | $0 | — | — | |
| Preferred Stock Payments | — | — | — | — | — | ($450.0m) | $0 | $0 | — | — | |
| Premiums receivable | ($71.6m) | ($31.4m) | ($211.3m) | ($237.8m) | ($318.6m) | ($685.2m) | ($1.1b) | ($981.0m) | ($818.0m) | $38.0m | |
| Proceeds from Issuance of Redeemable Preferred Stock | $0 | — | — | — | — | — | — | — | — | — | |
| Proceeds from common shares issued, net | ($2.4m) | ($21.0m) | ($7.6m) | $6.2m | $1.9m | $6.4m | $6.7m | ($2.0m) | $7.0m | $50.0m | |
| Proceeds from sales of equity securities | $751.7m | $1.1b | $1.1b | $429.8m | $1.1b | $918.1m | $1.6b | $288.0m | $1.1b | $1.5b | |
| Purchase Of Business | — | — | — | — | — | ($1.1b) | $0 | $0 | — | — | |
| Purchase Of PPE | — | — | — | — | — | — | ($50.0m) | ($52.0m) | ($51.0m) | ($44.0m) | |
| Purchases of common shares under share repurchase program | ($75.3m) | $0 | ($282.8m) | ($2.9m) | ($83.5m) | ($1.2b) | ($585.8m) | $0 | ($24.0m) | ($1.9b) | |
| Purchases of equity securities | ($665.7m) | ($1.0b) | ($1.0b) | ($812.0m) | ($1.6b) | ($1.2b) | ($797.0m) | ($456.0m) | ($1.4b) | ($1.4b) | |
| Purchases of fixed assets | ($15.3m) | ($22.8m) | ($29.8m) | ($37.8m) | ($39.9m) | ($41.4m) | ($51.7m) | ($52.0m) | ($51.0m) | ($44.0m) | |
| Reinsurance balances payable | $31.5m | $8.5m | $73.4m | $182.1m | $66.0m | $500.1m | ($35.5m) | $455.0m | $179.0m | $137.0m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($586.0m) | ($2.0m) | ($24.0m) | ($1.9b) | |
| Reserve for losses and loss adjustment expenses, net of unpaid losses and loss adjustment expenses recoverable | $372.2m | $614.5m | $243.7m | $490.0m | $2.1b | $1.8b | $1.9b | $2.1b | $3.3b | $2.4b | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $852.0m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $88.0m | $93.0m | $133.0m | $148.0m | |
| Unearned premiums, net of ceded unearned premiums | $146.6m | $116.8m | $114.8m | $252.6m | $445.8m | $936.0m | $1.4b | $1.0b | $632.0m | ($589.0m) | |
| Derivative, Gain (Loss) on Derivative, Net | ($22.6m) | ($7.4m) | $15.6m | $119.7m | $179.7m | ($32.4m) | ($75.0m) | $59.0m | $8.0m | $327.0m | |
| Other Operating Income (Expense), Net | ($800k) | ($2.6m) | $2.4m | $2.2m | $29k | $10.2m | ($26.2m) | $27.0m | $42.0m | $54.0m | |
| Net Cash Provided by (Used in) Operating Activities | $1.4b | $1.1b | $1.6b | $2.0b | $2.9b | $3.4b | $3.8b | $5.7b | $6.7b | $6.2b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($50.0m) | ($52.0m) | ($51.0m) | ($44.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $2.0b | $27.7m | $0 | — | — | — | — | — | ($852.0m) | $0 | |
| Net (purchases) sales of short-term investments | ($123.4m) | ($734.6m) | $485.5m | $39.8m | ($1.0b) | $165.3m | $467.2m | ($696.0m) | ($269.0m) | $258.0m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($3.2b) | ($5.4b) | ($5.2b) | ($4.1b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($19.0b) | ($21.4b) | ($36.5b) | ($40.2b) | |
| Purchases of fixed maturity investments | ($35.5b) | ($36.8b) | ($33.3b) | ($30.1b) | ($39.8b) | ($35.5b) | ($16.4b) | ($18.1b) | ($31.3b) | ($36.5b) | |
| Purchases of other investments | ($1.4b) | ($2.0b) | ($2.0b) | ($1.5b) | ($1.8b) | ($1.9b) | ($1.7b) | ($2.2b) | ($3.5b) | ($2.2b) | |
| Proceeds from redemptions and maturities of fixed maturity investments | $755.0m | $907.4m | $892.8m | $643.3m | $871.1m | $1.6b | $714.5m | $781.0m | $2.0b | $2.5b | |
| Proceeds from sales of fixed maturity investments | $34.6b | $35.7b | $31.5b | $28.6b | $37.9b | $33.6b | $11.8b | $14.1b | $26.2b | $29.3b | |
| Proceeds from sales, redemptions and maturities of other investments | $1.1b | $1.5b | $1.6b | $1.2b | $1.0b | $1.8b | $1.2b | $768.0m | $1.9b | $2.2b | |
| Sale Of Investment | — | — | — | — | — | — | $15.8b | $16.0b | $31.2b | $36.1b | |
| Net Other Investing Changes | — | — | — | — | — | — | $125.0m | ($23.0m) | ($30.0m) | $106.0m | |
| Payments for (Proceeds from) Other Investing Activities | $45.9m | ($110.5m) | ($21.7m) | $348.5m | $62.2m | $523.9m | ($125.4m) | $23.0m | $30.0m | ($106.0m) | |
| Net cash used for investing activities | ($2.7b) | ($1.4b) | ($554.0m) | ($1.8b) | ($3.0b) | ($2.1b) | ($3.1b) | ($5.5b) | ($4.5b) | ($4.0b) | |
| Net Cash Provided by (Used in) Investing Activities | — | — | — | ($1.8b) | ($3.0b) | ($2.1b) | ($3.1b) | ($5.5b) | ($4.5b) | ($4.0b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $755.0m | $907.4m | $892.8m | $643.3m | $871.1m | $1.6b | $714.5m | $781.0m | $2.0b | $2.5b | |
| Long Term Debt Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | $0 | $0 | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | $6.0m | $6.0m | — | $7.0m | $50.0m | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($580.0m) | ($2.0m) | ($17.0m) | ($1.8b) | |
| Common Stock Payments | — | — | — | — | — | — | ($586.0m) | ($2.0m) | ($24.0m) | ($1.9b) | |
| Payments for Repurchase of Common Stock | $75.3m | $0 | $282.8m | $2.9m | $83.5m | $1.2b | $585.8m | $0 | $24.0m | $1.9b | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | ($75.1m) | ($2.9m) | $16.0m | $0 | $0 | — | — | |
| Proceeds from Noncontrolling Interests | $0 | — | — | — | — | — | — | — | — | — | |
| Third party investment in redeemable noncontrolling interests | $0 | — | — | — | — | $0 | $0 | ($22.0m) | $0 | $0 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($40.0m) | ($40.0m) | ($1.9b) | ($47.0m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | $0 | ($1.9b) | ($7.0m) | |
| Common dividends paid | — | — | — | — | — | — | $0 | $0 | ($1.9b) | ($7.0m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($40.0m) | ($40.0m) | ($40.0m) | ($40.0m) | |
| Preferred dividends paid | ($28) | ($46) | ($42) | ($42) | ($42) | ($48) | ($41) | ($40) | ($40) | ($40) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($86.0m) | ($27.0m) | ($2.0m) | ($4.0m) | |
| Proceeds from (Payments for) Other Financing Activities | $1.7m | ($51.9m) | ($7.2m) | ($6.0m) | $73.7m | ($3.3m) | ($85.8m) | ($5.0m) | ($2.0m) | ($4.0m) | |
| Net cash provided by (used for) financing activities | $1.6b | ($3.4m) | ($988.8m) | ($80.7m) | $521.3m | ($1.2b) | ($705.7m) | ($69.0m) | ($1.9b) | ($1.9b) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | ($80.7m) | $521.3m | ($1.2b) | ($705.7m) | ($69.0m) | ($1.9b) | ($1.9b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($50.0m) | $13.0m | ($25.0m) | $61.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($19.1m) | $17.7m | $22.3m | ($34.0m) | ($48.9m) | $13.0m | ($25.0m) | $61.0m | |
| Effects of exchange rate changes on foreign currency cash and restricted cash | ($21.2m) | $18.1m | ($19.1m) | $17.7m | $22.3m | ($34.0m) | ($48.9m) | $13.0m | ($25.0m) | $61.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($2.6m) | $179.1m | $386.8m | $24.2m | ($41.4m) | $225.0m | $262.0m | $307.0m | |
| Increase (decrease) in cash and restricted cash | $288.5m | ($242.3m) | ($2.6m) | $179.1m | $386.8m | $24.2m | ($41.4m) | $225.0m | $262.0m | $307.0m | |
| Cash and restricted cash, beginning of year | $969.6m | $727.3m | $724.6m | $903.7m | $1.3b | $1.3b | $1.3b | $1.5b | $1.8b | $2.1b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $724.6m | $903.7m | $1.3b | $1.3b | $1.3b | $1.5b | $1.8b | $2.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($41.0m) | $225.0m | $262.0m | $307.0m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $63.3m | $117.4m | $119.8m | $126.9m | $133.5m | $139.3m | $128.4m | $127.0m | $127.0m | $127.0m | |
| Income Taxes Paid, Net | $50.6m | $51.8m | ($980k) | $109.5m | $202.9m | $286.8m | $254.9m | $267.0m | $378.0m | $458.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.