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Schedule II - Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2023

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 millions)

Balance Sheet

(Parent Company Only)

			December 31,
			2023						2022
Assets
Total investments			$	17					$	7
Cash			9						11
Investments in subsidiaries			19,590						14,191
Investment in operating affiliates			4						5
Due from subsidiaries and affiliates			—						2
Other assets			58						18
Total assets			$	19,678					$	14,234
Liabilities
Senior notes			$	1,287					$	1,287
Other liabilities			38						37
Total liabilities			1,325						1,324
Shareholders' Equity
Non-cumulative preferred shares			830						830
Common shares ($0.0011 par, shares issued: 591.9 and 588.3)			1						1
Additional paid-in capital			2,327						2,211
Retained earnings			20,295						15,892
Accumulated other comprehensive income (loss), net of deferred income tax			(676)						(1,646)
Common shares held in treasury, at cost (shares: 218.5 and 217.9)			(4,424)						(4,378)
Total shareholders' equity			$	18,353					$	12,910
Total liabilities and shareholders' equity			$	19,678					$	14,234

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,
			2023						2022						2021
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 and income (loss) from operating affiliates			(150)						(143)						(129)
Income tax (expense) benefit			41						—						—
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 dividends			(40)						(40)						(48)
Loss on redemption of preferred shares			—						—						(15)
Net income available to Arch common shareholders			$	4,403					$	1,409					$	2,094

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,
			2023						2022						2021
Operating Activities:
Net Cash Provided By Operating Activities			$	46					$	621					$	1,728
Investing Activities:
Net (purchases) sales of short-term investments			(8)						(5)						(2)
Capital contributed to subsidiaries			—						—						(487)
Purchase of fixed assets			—						—						(1)
Other			1						(1)						—
Net Cash Used For Investing Activities			(7)						(6)						(490)
Financing Activities:
Purchases of common shares under share repurchase program			—						(586)						(1,234)
Proceeds from common shares issued, net			(2)						6						6
Proceeds from issuance of preferred shares, net			—						—						486
Redemption of preferred shares			—						—						(450)
Preferred dividends paid			(40)						(40)						(48)
Net Cash Used For Financing Activities			(42)						(620)						(1,240)
Increase (decrease) in cash and restricted cash			(3)						(5)						(2)
Cash and restricted cash, beginning of year			12						17						19
Cash and restricted cash, end of period			$	9					$	12					$	17

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.

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- 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
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6

Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-11

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