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Schedule II - Condensed Financial Information of Registrant

12 Months Ended

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

X

- References

No definition available.

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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

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