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Unaudited Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Debt securities available for sale, at fair value $ 22,245 $ 21,015
Equity securities, at fair value 859 860
Other investments, at fair value 1,776 1,644
Investments accounted for using the equity method 3,896 3,774
Total investments 28,776 27,293
Cash 803 855
Accrued investment income 163 159
Investment in operating affiliates 1,015 965
Premiums receivable (net of allowance for credit losses: $36 and $35) 4,513 3,625
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $21 and $22) 6,612 6,564
Contractholder receivables (net of allowance for credit losses: $2 and $3) 1,750 1,731
Ceded unearned premiums 2,116 1,799
Deferred acquisition costs 1,355 1,264
Receivable for securities sold 84 12
Goodwill and intangible assets 785 804
Other assets 3,131 2,919
Total assets 51,103 47,990
Liabilities    
Reserve for losses and loss adjustment expenses 20,758 20,032
Unearned premiums 8,218 7,337
Reinsurance balances payable 1,819 1,530
Contractholder payables 1,752 1,734
Collateral held for insured obligations 252 249
Senior notes 2,726 2,725
Payable for securities purchased 262 95
Other liabilities 1,317 1,367
Total liabilities 37,104 35,069
Commitments and contingencies (refer to Note 10)
Redeemable noncontrolling interests 11 11
Shareholders' Equity    
Non-cumulative preferred shares 830 830
Common shares ($0.0011 par, shares issued: 590.5 and 588.3) 1 1
Additional paid-in capital 2,260 2,211
Retained earnings 16,597 15,892
Accumulated other comprehensive income (loss), net of deferred income tax (1,297) (1,646)
Common shares held in treasury, at cost (shares: 218.3 and 217.9) (4,403) (4,378)
Total shareholders' equity available to Arch 13,988 12,910
Total liabilities, noncontrolling interests and shareholders' equity 51,103 47,990
Fixed maturities available for sale, at fair value (amortized cost: $21,922 and $21,282; net of allowance for credit losses: $56 and $41)    
Investments:    
Debt securities available for sale, at fair value 20,692 19,683
Short-term investments available for sale, at fair value (amortized cost: $1,553 and $1,333; net of allowance for credit losses: $0 and $0)    
Investments:    
Debt securities available for sale, at fair value $ 1,553 $ 1,332