XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.22.4

Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
--- | ---
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Registrant | SCHEDULE II ARCH CAPITAL GROUP LTD. AND SUBSIDIARIES CONDENSED FINANCIAL INFORMATION OF REGISTRANT (U.S. dollars in thousands) Balance Sheet (Parent Company Only)
| December 31, |  |  |  |  |  |
| 2022 |  | 2021 |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Total investments | $ | 7,282 |  |  | $ | 2,038 |  |  |  |  |  |  |
Cash | 11,393 |  |  | 16,317 |  |  |  |  |  |  |
Investments in subsidiaries | 14,191,188 |  |  | 14,822,024 |  |  |  |  |  |  |
Investment in operating affiliates | 5,259 |  |  | 6,877 |  |  |  |  |  |  |
Due from subsidiaries and affiliates | 1,554 |  |  | 11 |  |  |  |  |  |  |
Other assets | 17,203 |  |  | 9,604 |  |  |  |  |  |  |
Total assets | $ | 14,233,879 |  |  | $ | 14,856,871 |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Senior notes | $ | 1,286,567 |  |  | $ | 1,286,208 |  |  |  |  |  |  |
Other liabilities | 37,239 |  |  | 24,767 |  |  |  |  |  |  |
Total liabilities | 1,323,806 |  |  | 1,310,975 |  |  |  |  |  |  |
Shareholders' Equity |  |  |  |  |  |  |  |  |
Non-cumulative preferred shares | 830,000 |  |  | 830,000 |  |  |  |  |  |  |
Common shares ($0.0011 par, shares issued: 588,250,762 and 583,289,850) | 654 |  |  | 648 |  |  |  |  |  |  |
Additional paid-in capital | 2,211,444 |  |  | 2,085,075 |  |  |  |  |  |  |
Retained earnings | 15,892,065 |  |  | 14,455,868 |  |  |  |  |  |  |
Accumulated other comprehensive income (loss), net of deferred income tax | (1,646,170) |  |  | (64,600) |  |  |  |  |  |  |
Common shares held in treasury, at cost (shares: 217,904,765 and 204,365,956) | (4,377,920) |  |  | (3,761,095) |  |  |  |  |  |  |
Total shareholders' equity | $ | 12,910,073 |  |  | $ | 13,545,896 |  |  |  |  |  |  |
Total liabilities and shareholders' equity | $ | 14,233,879 |  |  | $ | 14,856,871 |  |  |  |  |  |  |
The financial information for the parent company (Arch Capital Group Ltd.) should be read in conjunction with the Consolidated Financial Statements and Notes thereto. Statement of Income (Parent Company Only)
| Year Ended
| December 31,
| 2022 |  | 2021 |  | 2020
Revenues |  |  |  |  |
Net investment income | $ | 2,058 |  |  | $ | 1,524 |  |  | $ | 53 |
Net realized gains (losses) | 29 |  |  | — |  |  | (2,110) |
Total revenues | 2,087 |  |  | 1,524 |  |  | (2,057) |
Expenses |  |  |  |  |
Corporate expenses | 85,997 |  |  | 71,818 |  |  | 65,566 |
Interest expense | 58,759 |  |  | 58,741 |  |  | 40,445 |
Net foreign exchange (gains) losses | (1) |  |  | 7 |  |  | 3 |
Total expenses | 144,755 |  |  | 130,566 |  |  | 106,014 |
Income (loss) before income taxes and income (loss) from operating affiliates | (142,668) |  |  | (129,042) |  |  | (108,071) |
Income (loss) from operating affiliates | (1,047) |  |  | (590) |  |  | (437) |
Income (loss) before equity in net income of subsidiaries | (143,715) |  |  | (129,632) |  |  | (108,508) |
Equity in net income of subsidiaries | 1,592,929 |  |  | 2,286,481 |  |  | 1,514,029 |
Net income available to Arch | 1,449,214 |  |  | 2,156,849 |  |  | 1,405,521 |
Preferred dividends | (40,736) |  |  | (48,343) |  |  | (41,612) |
Loss on redemption of preferred shares | — |  |  | (15,101) |  |  | — |
Net income available to Arch common shareholders | $ | 1,408,478 |  |  | $ | 2,093,405 |  |  | $ | 1,363,909 |
The financial information for the parent company (Arch Capital Group Ltd.) should be read in conjunction with the Consolidated Financial Statements and Notes thereto. Statement of Cash Flows (Parent Company Only)
| Year Ended
| December 31,
| 2022 |  | 2021 |  | 2020
Operating Activities: |  |  |  |  |
Net Cash Provided By Operating Activities | $ | 621,307 |  |  | $ | 1,727,529 |  |  | $ | 124,751 |
Investing Activities: |  |  |  |  |
Net (purchases) sales of short-term investments | (4,838) |  |  | (1,866) |  |  | (130) |
Capital contributed to subsidiaries | — |  |  | (487,161) |  |  | (988,975) |
Purchase of fixed assets | (22) |  |  | (783) |  |  | (15) |
Other | (1,462) |  |  | — |  |  | — |
Net Cash Used For Investing Activities | (6,322) |  |  | (489,810) |  |  | (989,120) |
Financing Activities: |  |  |  |  |
Purchases of common shares under share repurchase program | (585,823) |  |  | (1,234,294) |  |  | (83,472) |
Proceeds from common shares issued, net | 6,660 |  |  | 6,418 |  |  | 1,876 |
Proceeds from issuance of preferred shares, net | — |  |  | 485,821 |  |  | — |
Redemption of preferred shares | — |  |  | (450,000) |  |  | — |
Proceeds from borrowings | — |  |  | — |  |  | 988,393 |
Preferred dividends paid | (40,736) |  |  | (48,280) |  |  | (41,612) |
Net Cash Used For Financing Activities | (619,899) |  |  | (1,240,335) |  |  | 865,185 |
Increase (decrease) in cash and restricted cash | (4,914) |  |  | (2,616) |  |  | 816 |
Cash and restricted cash, beginning of year | 16,344 |  |  | 18,960 |  |  | 18,144 |
Cash and restricted cash, end of period | $ | 11,430 |  |  | $ | 16,344 |  |  | $ | 18,960 |
The financial information for the parent company (Arch Capital Group Ltd.) should be read in conjunction with the Consolidated Financial Statements and Notes thereto.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126898705&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 https://asc.fasb.org/extlink&oid=126929396&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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration