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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Debt securities available for sale, at fair value $ 29,819 $ 25,616
Equity securities, at fair value 1,675 1,186
Other investments (portion measured at fair value: $3,066 and $2,488) 3,066 2,488
Investments accounted for using the equity method 5,980 4,566
Total investments 40,540 33,856
Cash 979 917
Accrued investment income 298 236
Investment in operating affiliates 1,240 1,119
Premiums receivable (net of allowance for credit losses: $45 and $34) 5,634 4,644
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $17 and $21) 8,260 7,064
Contractholder receivables (net of allowance for credit losses: $5 and $3) 2,161 1,814
Ceded unearned premiums 2,428 2,170
Deferred acquisition costs 1,734 1,531
Receivable for securities sold 50 63
Goodwill and intangible assets 1,351 731
Other assets 6,231 4,761
Total assets 70,906 58,906
Liabilities    
Reserve for losses and loss adjustment expenses 29,369 22,752
Unearned premiums 10,218 8,808
Reinsurance balances payable 2,137 2,000
Contractholder payables 2,165 1,817
Collateral held for insured obligations 249 259
Senior notes 2,728 2,726
Payable for securities purchased 181 247
Other liabilities 3,039 1,942
Total liabilities 50,086 40,551
Commitments and Contingencies
Redeemable noncontrolling interests 0 2
Shareholders’ Equity    
Non-cumulative preferred shares 830 830
Common shares ($0.0011 par, shares issued: 595.6 and 591.9) 1 1
Additional paid-in capital 2,510 2,327
Retained earnings 22,686 20,295
Accumulated other comprehensive income (loss), net of deferred income tax (720) (676)
Common shares held in treasury, at cost (shares: 219.2 and 218.5) (4,487) (4,424)
Total shareholders' equity available to Arch 20,820 18,353
Total liabilities, noncontrolling interests and shareholders' equity 70,906 58,906
Fixed maturities available for sale, at fair value (amortized cost: $27,570 and $24,131; net of allowance for credit losses: $22 and $28)    
Investments:    
Debt securities available for sale, at fair value 27,035 23,553
Short-term investments available for sale, at fair value (amortized cost: $2,784 and $2,064; net of allowance for credit losses: $0 and $0 )    
Investments:    
Debt securities available for sale, at fair value $ 2,784 $ 2,063