XML 58 R43.htm IDEA: XBRL DOCUMENT
v3.22.4

Reinsurance (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Reinsurance Disclosures [Abstract] |
Effects of reinsurance | The effects of reinsurance on the Company’s written and earned premiums and losses and loss adjustment expenses with unaffiliated reinsurers were as follows:
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Premiums Written |  |  |  |  |
Direct | $ | 8,540,787 |  |  | $ | 7,706,832 |  |  | $ | 6,553,910 |
Assumed | 6,785,660 |  |  | 5,045,655 |  |  | 3,534,158 |
Ceded | (4,249,258) |  |  | (3,734,150) |  |  | (2,650,352) |
Net | $ | 11,077,189 |  |  | $ | 9,018,337 |  |  | $ | 7,437,716 |
Premiums Earned |  |  |  |  |
Direct | $ | 8,057,635 |  |  | $ | 7,149,794 |  |  | $ | 6,361,451 |
Assumed | 5,767,738 |  |  | 4,333,873 |  |  | 3,213,873 |
Ceded | (4,147,296) |  |  | (3,401,369) |  |  | (2,583,389) |
Net | $ | 9,678,077 |  |  | $ | 8,082,298 |  |  | $ | 6,991,935 |
Losses and Loss Adjustment Expenses |  |  |  |  |
Direct | $ | 3,990,768 |  |  | $ | 4,266,758 |  |  | $ | 4,392,392 |
Assumed | 3,559,133 |  |  | 2,826,820 |  |  | 2,204,323 |
Ceded | (2,522,384) |  |  | (2,508,775) |  |  | (1,907,116) |
Net | $ | 5,027,517 |  |  | $ | 4,584,803 |  |  | $ | 4,689,599 |
Coverage and retention | The following table summarizes the respective coverages and retentions at December 31, 2022:
|  |  | December 31, 2022
Bellemeade Entities (Issue Date) | Initial Coverage at Issuance |  | Current Coverage |  | Remaining Retention, Net
2017-1 Ltd. (1) | $ | 368,114 |  |  | $ | 36,679 |  |  | $ | 142,461 |
2018-1 Ltd. (2) | 374,460 |  |  | 89,698 |  |  | 143,592 |
2018-3 Ltd. (3) | 506,110 |  |  | 199,237 |  |  | 152,861 |
2019-1 Ltd. (4) | 341,790 |  |  | 107,880 |  |  | 118,908 |
2019-2 Ltd. (5) | 621,022 |  |  | 325,462 |  |  | 191,550 |
2019-3 Ltd. (6) | 700,920 |  |  | 222,977 |  |  | 208,931 |
2019-4 Ltd. (7) | 577,267 |  |  | 266,124 |  |  | 142,564 |
2020-2 Ltd. (8) | 449,167 |  |  | 105,110 |  |  | 237,709 |
2020-3 Ltd. (9) | 451,816 |  |  | 250,971 |  |  | 161,544 |
2020-4 Ltd. (10) | 337,013 |  |  | 101,729 |  |  | 138,131 |
2021-1 Ltd. (11) | 643,577 |  |  | 503,267 |  |  | 153,525 |
2021-2 Ltd. (12) | 616,017 |  |  | 535,461 |  |  | 138,524 |
2021-3 Ltd. (13) | 639,391 |  |  | 616,959 |  |  | 132,492 |
2022-1 Ltd. (14) | 316,760 |  |  | 316,760 |  |  | 143,577 |
2022-2 Ltd. (15) | 327,165 |  |  | 327,165 |  |  | 217,436 |
Total | $ | 7,270,589 |  |  | $ | 4,005,479 |  |  | $ | 2,423,805 |
(1) Issued in October 2017, covering in-force policies issued between January 1, 2017 and June 30, 2017. (2) Issued in April 2018, covering in-force policies issued between July 1, 2017 and December 31, 2017. (3) Issued in October 2018, covering in-force policies issued between January 1, 2018 and June 30, 2018. (4) Issued in March 2019, covering in-force policies primarily issued between 2005 to 2008 under United Guaranty Residential Insurance Company (“UGRIC”); as well as policies issued through 2015 under both UGRIC and Arch Mortgage Insurance Company. (5) Issued in April 2019, covering in-force policies issued between July 1, 2018 and December 31, 2018. (6) Issued in July 2019, covering in-force policies issued in 2016. (7) Issued in October 2019, covering in-force policies issued between January 1, 2019 and June 30, 2019. (8) Issued in September 2020, covering in-force policies issued between January 1, 2020 and May 31, 2020. $423 million was directly funded by Bellemeade 2020-2 Ltd. with an additional $26 million of capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (9) Issued in November 2020, covering in-force policies issued between June 1, 2020 and August 31, 2020. $418 million was directly funded by Bellemeade 2020-3 Ltd. with an additional $34 million of capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (10) Issued in December 2020, covering in-force policies issued between July 1, 2019 and December 31, 2019. $321 million was directly funded by Bellemeade 2020-4 Ltd. with an additional $16 million of capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (11) Issued in March 2021, covering in-force policies issued between September 1, 2020 and November 30, 2020. $580 million was directly funded by Bellemeade Re 2021-1 Ltd. with an additional $64 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (12) Issued in June 2021, covering in-force policies issued between December 1, 2020 and March 31, 2021. $523 million was directly funded by Bellemeade Re 2021-2 Ltd. via insurance-linked notes, with an additional $93 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (13) Issued in September 2021, covering in-force policies issued between April 1, 2021 and June 30, 2021. $508 million was directly funded by Bellemeade Re 2021-3 Ltd. via insurance-linked notes, with an additional $131 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (14) Issued in January 2022, covering in-force policies issued between July 1, 2021 and November 30, 2021. $284 million was directly funded by Bellemeade Re 2022-1 Ltd. via insurance-linked notes, with an additional $33 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers. (15) Issued in September 2022, covering in-force policies issued between November 1, 2021 and June 30, 2022. $201 million was directly funded by Bellemeade Re 2022-2 Ltd. via insurance-linked notes, with an additional $126 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers.

X
- Definition Summary of reinsurance coverage and retention. + References No definition available. + Details
Name: | acgl_ReinsuranceCoverageAndRetentionTableTextBlock
Namespace Prefix: | acgl_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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