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Unaudited Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Debt securities available for sale, at fair value $ 31,775 $ 25,616
Equity securities, at fair value 1,623 1,186
Other investments, at fair value 3,261 2,488
Investments accounted for using the equity method 5,244 4,566
Total investments 41,903 33,856
Cash 1,025 917
Accrued investment income 292 236
Investment in operating affiliates 1,236 1,119
Premiums receivable (net of allowance for credit losses: $52 and $34) 6,364 4,644
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $17 and $21) 7,948 7,064
Contractholder receivables (net of allowance for credit losses: $4 and $3) 2,078 1,814
Ceded unearned premiums 2,935 2,170
Deferred acquisition costs 1,744 1,531
Receivable for securities sold 790 63
Goodwill and intangible assets 1,486 731
Other assets 5,855 4,761
Total assets 73,656 58,906
Liabilities    
Reserve for losses and loss adjustment expenses 28,679 22,752
Unearned premiums 11,238 8,808
Reinsurance balances payable 2,586 2,000
Contractholder payables 2,082 1,817
Collateral held for insured obligations 268 259
Senior notes 2,727 2,726
Payable for securities purchased 967 247
Other liabilities 2,835 1,942
Total liabilities 51,382 40,551
Commitments and contingencies (refer to Note 11)
Redeemable noncontrolling interests 0 2
Shareholders' Equity    
Non-cumulative preferred shares 830 830
Common shares ($0.0011 par, shares issued: 595.2 and 591.9) 1 1
Additional paid-in capital 2,465 2,327
Retained earnings 23,642 20,295
Accumulated other comprehensive income (loss), net of deferred income tax (200) (676)
Common shares held in treasury, at cost (shares: 219.0 and 218.5) (4,464) (4,424)
Total shareholders' equity available to Arch 22,274 18,353
Total liabilities, noncontrolling interests and shareholders' equity 73,656 58,906
Fixed maturities available for sale, at fair value (amortized cost: $28,466 and $24,131; net of allowance for credit losses: $19 and $28)    
Investments:    
Debt securities available for sale, at fair value 28,434 23,553
Short-term investments available for sale, at fair value (amortized cost: $3,337 and $2,064; net of allowance for credit losses: $0 and $0)    
Investments:    
Debt securities available for sale, at fair value $ 3,341 $ 2,063