XML 72 R55.htm IDEA: XBRL DOCUMENT v3.22.0.1

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Analysis of goodwill and intangible assets

The following table shows an analysis of goodwill and intangible assets:

			Goodwill						Intangible assets (indefinite life)						Intangible assets (finite life)						Total
Net balance at Dec. 31, 2019			$	326,551					$	85,911					$	325,621					$	738,083
Acquisitions			—						—						39,178						39,178
Amortization			—						—						(69,031)						(69,031)
Foreign currency movements and other adjustments			(11,922)						(6,692)						3,247						(15,367)
Net balance at Dec. 31, 2020			314,629						79,219						299,015						692,863
Acquisitions (1)			31,677						—						318,459						350,136
Amortization			—						—						(82,955)						(82,955)
Impact of deconsolidation of Somers (2)			—						(7,650)						—						(7,650)
Foreign currency movements and other adjustments			(1,441)						(212)						(5,758)						(7,411)
Net balance at Dec. 31, 2021			$	344,865					$	71,357					$	528,761					$	944,983
Gross balance at Dec. 31, 2021			$	342,842					$	70,246					$	1,102,298					$	1,515,386
Accumulated amortization			—						—						(571,839)						(571,839)
Foreign currency movements and other adjustments			2,023						1,111						(1,698)						1,436
Net balance at Dec. 31, 2021			$	344,865					$	71,357					$	528,761					$	944,983

(1)    Certain amounts for the Company’s 2021 acquisitions are considered provisional.

(2)    See note 12.

Summary of components of intangible assets

The following table presents the components of goodwill and intangible assets:

			Gross Balance						Accumulated Amortization						Foreign Currency Translation Adjustment and Other						Net Balance
Dec. 31, 2021
Acquired insurance contracts			$	451,505					$	(409,592)					$	339					$	42,252
Operating platform			52,674						(48,838)						56						3,892
Distribution relationships			602,518						(120,302)						(2,207)						480,009
Goodwill			342,842						—						2,023						344,865
Insurance licenses			48,331						—						—						48,331
Syndicate capacity			21,915						—						1,111						23,026
Unfavorable service contract			(9,533)						9,435						—						(98)
Other			5,134						(2,542)						114						2,706
Total			$	1,515,386					$	(571,839)					$	1,436					$	944,983
Dec. 31, 2020
Acquired insurance contracts			$	451,505					$	(381,349)					$	284					$	70,440
Operating platform			52,674						(44,347)						60						8,387
Distribution relationships			285,141						(71,383)						3,450						217,208
Goodwill			318,043						—						(3,414)						314,629
Insurance licenses			55,981						—						—						55,981
Syndicate capacity			21,915						—						1,324						23,239
Unfavorable service contract			(9,533)						9,147						—						(386)
Other			5,134						(1,896)						127						3,365
Total			$	1,180,860					$	(489,828)					$	1,831					$	692,863

Estimated future amortization expense

The estimated remaining amortization expense for the Company’s intangible assets with finite lives is as follows:

2022			$	109,144
2023			99,620
2024			79,410
2025			44,523
2026			35,252
2027 and thereafter			160,812
Total			$	528,761

X

- Definition

Tabular disclosure of intangible assets, excluding financial assets and goodwill, lacking physical substance, by either major class or business segment.

+ References

No definition available.

+ Details

Name:	acgl_FiniteandIndefiniteLivedIntangibleAssetsByMajorClassTableTextBlock
Namespace Prefix:	acgl_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

+ Details

Name:	us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration