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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investments:    
Fixed maturities available for sale, at fair value (amortized cost: $16,629,621 and $18,143,305; net of allowance for credit losses: $2,111 and $2,397 ) $ 16,768,363 $ 18,717,825
Short-term investments available for sale, at fair value (amortized cost: $3,070,120 and $1,924,292; net of allowance for credit losses: $0 and $0) 3,069,965 1,924,922
Collateral received under securities lending, at fair value (amortized cost: $— and $301,089) 0 301,096
Equity securities, at fair value 1,790,640 1,444,830
Other investments (portion measured at fair value: $2,043,970 and $3,824,796) 2,043,970 4,324,796
Investments accounted for using the equity method 2,741,293 2,047,889
Total investments 26,414,231 28,761,358
Cash 1,137,721 906,448
Accrued investment income 75,832 103,299
Securities pledged under securities lending, at fair value (amortized cost: $— and $294,493) 0 294,912
Investment in operating affiliates 1,111,825 129,291
Premiums receivable (net of allowance for credit losses: $38,715 and $37,781) 2,807,720 2,064,586
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $12,831 and $11,636) 5,358,852 4,500,802
Contractholder receivables (net of allowance for credit losses: $3,484 and $8,638) 1,824,990 1,986,924
Ceded unearned premiums 1,824,910 1,234,075
Deferred acquisition costs 893,665 790,708
Receivable for securities sold 84,019 92,743
Goodwill and intangible assets 963,322 692,863
Other assets 2,286,649 1,724,288
Total assets 44,783,736 43,282,297
Liabilities    
Reserve for losses and loss adjustment expenses 17,331,047 16,513,929
Unearned premiums 6,165,114 4,838,965
Reinsurance balances payable 1,403,929 683,263
Contractholder payables 1,828,474 1,995,562
Collateral held for insured obligations 254,259 215,581
Senior notes 2,724,149 2,861,113
Revolving credit agreement borrowings 0 155,687
Securities lending payable 0 301,089
Payable for securities purchased 357,531 218,779
Other liabilities 1,321,470 1,510,888
Total liabilities 31,385,973 29,294,856
Commitments and Contingencies
Redeemable noncontrolling interests 10,237 58,548
Shareholders' Equity    
Non-cumulative preferred shares 830,000 780,000
Common shares ($0.0011 par, shares issued: 582,908,723 and 579,000,841) 648 643
Additional paid-in capital 2,061,906 1,977,794
Retained earnings 13,842,787 12,362,463
Accumulated other comprehensive income (loss), net of deferred income tax 49,184 488,895
Common shares held in treasury, at cost (shares: 195,650,971 and 172,280,199) (3,396,999) (2,503,909)
Total shareholders' equity available to Arch 13,387,526 13,105,886
Non-redeemable noncontrolling interests 0 823,007
Total shareholders' equity 13,387,526 13,928,893
Total liabilities, noncontrolling interests and shareholders' equity $ 44,783,736 $ 43,282,297