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ARCH CAPITAL GROUP LTD. (NASDAQ - ACGL)  
 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Revenues 
Net premiums written 3,891,9383,817,5314,031,3914,961,3731,412,544
Change in unearned premiums (298,190)(83,626)(146,569)(116,841)(177,645)
Net premiums earned 3,593,7483,733,9053,884,8224,844,5321,234,899
Net investment income 302,585348,090366,742470,872126,724
Net realized gains (losses) 102,917(185,842)137,586149,141(110,998)
Other-than-temporary impairment losses (30,470)(26,152)(30,794)(7,138)(162)
Less investment impairments recognized in other comprehensive income, before taxes 3206,03635200
Net impairment losses recognized in earnings (30,150)(20,116)(30,442)(7,138)(162)
Other underwriting income 10,14235,49757,17330,2535,349
Equity in net income (loss) of investment funds accounted for using the equity method 19,88325,45548,475142,28628,069
Other income (loss) (10,252)(399)(800)(2,571)74
Total revenues 3,988,8733,936,5904,463,5565,627,3751,283,955
Expenses 
Losses and loss adjustment expenses 1,919,2502,050,9032,185,5992,967,446636,860
Acquisition expenses 657,262662,778667,625775,458191,376
Other operating expenses 556,280603,288624,090684,451175,015
Corporate expenses 49,94449,74581,74683,75215,312
Amortization of intangible assets NA22,92619,343125,77826,736
Interest expense 45,63445,87466,252117,43130,636
Net foreign exchange losses (gains) (83,744)(66,118)(36,651)115,78219,721
Total expenses 3,144,6263,369,3963,608,0044,870,0981,095,656
Income before income taxes 844,247567,194855,552757,277188,299
Income tax expense 
Current tax (benefit) expense 30,55044,19450,745(45,736)NA
Deferred tax expense (benefit) (7,563)(3,582)(19,371)173,304NA
Income tax expense 22,98740,61231,374127,568(21,915)
Net income 821,260526,582824,178629,709166,384
Net (income) loss attributable to noncontrolling interests 13,09511,156(131,440)(10,431)(15,961)
Net income available to Arch 834,355537,738692,738619,278150,423
Preferred dividends (21,938)(21,938)(28,070)(46,041)(10,437)
Loss on redemption of preferred shares NA00(6,735)(2,710)
Net income available to Arch common shareholders 812,417515,800664,668566,502137,276
Net income per common share and common share equivalent 
Basic 6.214.245.54.211.01
Diluted 6.024.095.334.070.99
Weighted average common shares and common share equivalents outstanding 
Basic 130,817,610121,786,127120,792,114134,712,788135,846,576
Diluted 134,922,322126,038,743124,717,493139,261,675139,297,934
Comprehensive Income 
Net income 821,260526,582824,178629,709166,384
Other comprehensive income (loss), net of deferred income tax 
Unrealized appreciation (decline) in value of available-for-sale investments 
Unrealized holding gains (losses) arising during period 146,330(77,244)(21,013)252,904(166,677)
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax (320)(6,036)(352)NANA
Reclassification of net realized (gains) losses, net of income taxes, included in net income (65,104)(28,233)(56,361)(67,863)62,461
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax NANANA0NA
Foreign currency translation adjustments (27,014)(34,111)(20,381)47,0141,282
Comprehensive income 875,152380,958726,071861,76463,450
Net (income) loss attributable to noncontrolling interests 13,09511,156(131,440)(10,431)(15,961)
Other comprehensive (income) loss attributable to noncontrolling interests 0NANANANA
Foreign currency translation adjustments attributable to noncontrolling interests NA26568530673
Comprehensive income available to Arch 888,247392,379594,699851,86348,162


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