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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Registrant | ARCH CAPITAL GROUP LTD. AND SUBSIDIARIES CONDENSED FINANCIAL INFORMATION OF REGISTRANT (U.S. dollars in thousands) Balance Sheet (Parent Company Only)
| December 31, |  |  |  |  |  |
| 2020 |  | 2019 |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Total investments | $ | 172 |  |  | $ | 42 |  |  |  |  |  |  |
Cash | 18,932 |  |  | 18,113 |  |  |  |  |  |  |
Investments in subsidiaries | 14,377,529 |  |  | 11,786,861 |  |  |  |  |  |  |
Due from subsidiaries and affiliates | — |  |  | 17 |  |  |  |  |  |  |
Other assets | 18,390 |  |  | 20,461 |  |  |  |  |  |  |
Total assets | $ | 14,415,023 |  |  | $ | 11,825,494 |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Senior notes | $ | 1,285,867 |  |  | $ | 297,254 |  |  |  |  |  |  |
Due to subsidiaries and affiliates | — |  |  | — |  |  |  |  |  |  |
Other liabilities | 23,270 |  |  | 30,869 |  |  |  |  |  |  |
Total liabilities | 1,309,137 |  |  | 328,123 |  |  |  |  |  |  |
Shareholders' Equity |  |  |  |  |  |  |  |  |
Non-cumulative preferred shares | 780,000 |  |  | 780,000 |  |  |  |  |  |  |
Common shares ($0.0011 par, shares issued: 579,000,841 and 574,617,195) | 643 |  |  | 638 |  |  |  |  |  |  |
Additional paid-in capital | 1,977,794 |  |  | 1,889,683 |  |  |  |  |  |  |
Retained earnings | 12,362,463 |  |  | 11,021,006 |  |  |  |  |  |  |
Accumulated other comprehensive income (loss), net of deferred income tax | 488,895 |  |  | 212,091 |  |  |  |  |  |  |
Common shares held in treasury, at cost (shares: 172,280,199 and 168,997,994) | (2,503,909) |  |  | (2,406,047) |  |  |  |  |  |  |
Total shareholders' equity | $ | 13,105,886 |  |  | $ | 11,497,371 |  |  |  |  |  |  |
Total liabilities and shareholders' equity | $ | 14,415,023 |  |  | $ | 11,825,494 |  |  |  |  |  |  |
The financial information for the parent company (Arch Capital Group Ltd.) should be read in conjunction with the Consolidated Financial Statements and Notes thereto. SCHEDULE II (continued) ARCH CAPITAL GROUP LTD. AND SUBSIDIARIES CONDENSED FINANCIAL INFORMATION OF REGISTRANT (U.S. dollars in thousands) Statement of Income (Parent Company Only)
| Year Ended
| December 31,
| 2020 |  | 2019 |  | 2018
Revenues |  |  |  |  |
Net investment income | $ | 53 |  |  | $ | 212 |  |  | $ | 49 |
Net realized gains (losses) | (2,110) |  |  | — |  |  | 29 |
Other income (loss) | (437) |  |  | (762) |  |  | 1,918 |
Total revenues | (2,494) |  |  | (550) |  |  | 1,996 |
Expenses |  |  |  |  |
Corporate expenses | 65,566 |  |  | 62,701 |  |  | 64,279 |
Interest expense | 40,445 |  |  | 22,154 |  |  | 22,147 |
Net foreign exchange (gains) losses | 3 |  |  | 1 |  |  | 30 |
Total expenses | 106,014 |  |  | 84,856 |  |  | 86,456 |
Income (loss) before income taxes | (108,508) |  |  | (85,406) |  |  | (84,460) |
Income tax (expense) benefit | — |  |  | — |  |  | — |
Income (loss) before equity in net income of subsidiaries | (108,508) |  |  | (85,406) |  |  | (84,460) |
Equity in net income of subsidiaries | 1,514,029 |  |  | 1,721,725 |  |  | 842,431 |
Net income available to Arch | 1,405,521 |  |  | 1,636,319 |  |  | 757,971 |
Preferred dividends | (41,612) |  |  | (41,612) |  |  | (41,645) |
Loss on redemption of preferred shares | — |  |  | — |  |  | (2,710) |
Net income available to Arch common shareholders | $ | 1,363,909 |  |  | $ | 1,594,707 |  |  | $ | 713,616 |
The financial information for the parent company (Arch Capital Group Ltd.) should be read in conjunction with the Consolidated Financial Statements and Notes thereto. SCHEDULE II (continued) ARCH CAPITAL GROUP LTD. AND SUBSIDIARIES CONDENSED FINANCIAL INFORMATION OF REGISTRANT (U.S. dollars in thousands) Statement of Cash Flows (Parent Company Only)
| Year Ended
| December 31,
| 2020 |  | 2019 |  | 2018
Operating Activities: |  |  |  |  |
Net Cash Provided By Operating Activities | $ | 124,751 |  |  | $ | 52,487 |  |  | $ | 324,319 |
Investing Activities: |  |  |  |  |
Net (purchases) sales of short-term investments | (130) |  |  | 61 |  |  | 96,476 |
Capital contributed to subsidiaries | (988,975) |  |  | (2,121) |  |  | — |
Purchase of fixed assets | (15) |  |  | (162) |  |  | (110) |
Other | — |  |  | — |  |  | (4) |
Net Cash Used For Investing Activities | (989,120) |  |  | (2,222) |  |  | 96,362 |
Financing Activities: |  |  |  |  |
Purchases of common shares under share repurchase program | (83,472) |  |  | (2,871) |  |  | (282,762) |
Proceeds from common shares issued, net | 1,876 |  |  | 6,203 |  |  | (7,608) |
Redemption of preferred shares | — |  |  | — |  |  | (92,555) |
Proceeds from borrowings | 988,393 |  |  | — |  |  | — |
Preferred dividends paid | (41,612) |  |  | (41,612) |  |  | (41,645) |
Net Cash Used For Financing Activities | 865,185 |  |  | (38,280) |  |  | (424,570) |
Increase (decrease) in cash and restricted cash | 816 |  |  | 11,985 |  |  | (3,889) |
Cash and restricted cash, beginning of year | 18,144 |  |  | 6,159 |  |  | 10,048 |
Cash and restricted cash, end of period | $ | 18,960 |  |  | $ | 18,144 |  |  | $ | 6,159 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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