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Schedule II - Condensed Financial Information of Registrant - Statement of Income (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Net investment income $ 1,023 $ 496 $ 389
Total revenues 13,634 9,613 9,248
Expenses      
Corporate expenses 102 95 78
Interest expense 133 131 139
Total expenses 10,249 8,126 7,145
Income tax (expense) benefit 873 (80) (128)
Income (loss) from operating affiliates 184 75 264
Net income available to Arch 4,443 1,476 2,157
Preferred share dividends (40) (40) (48)
Loss on redemption of preferred shares 0 0 (15)
Net income available to Arch common shareholders 4,403 1,436 2,094
Parent      
Revenues      
Net investment income 2 2 2
Total revenues 2 2 2
Expenses      
Corporate expenses 93 86 72
Interest expense 59 59 59
Total expenses 152 145 131
Income (loss) before income taxes (150) (143) (129)
Income tax (expense) benefit 41 0 0
Income (loss) from operating affiliates (1) (1) (1)
Income (loss) before equity in net income of subsidiaries (110) (144) (130)
Equity in net income of subsidiaries 4,553 1,593 2,287
Net income available to Arch 4,443 1,449 2,157
Preferred share dividends (40) (40) (48)
Loss on redemption of preferred shares 0 0 (15)
Net income available to Arch common shareholders $ 4,403 $ 1,409 $ 2,094