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ARCH CAPITAL GROUP LTD. (NASDAQ - ACGL)  
 2015 Y2016 Y2017 Y2018 Y2019 Q1 YTD
Source Document12/31/201712/31/201812/31/201812/31/20183/31/2019
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Revenues 
Net premiums written 3,817,5314,031,3914,961,3735,346,7471,525,259
Change in unearned premiums (83,626)(146,569)(116,841)(114,772)(156,393)
Net premiums earned 3,733,9053,884,8224,844,5325,231,9751,368,866
Net investment income 348,090366,742470,872563,633156,949
Net realized gains (losses) (185,842)137,586149,141(405,344)141,565
Other-than-temporary impairment losses (26,152)(30,794)(7,138)(2,829)(1,309)
Less investment impairments recognized in other comprehensive income, before taxes 6,036352000
Net impairment losses recognized in earnings (20,116)(30,442)(7,138)(2,829)(1,309)
Other underwriting income 35,49757,17330,25315,0738,825
Equity in net income of investment funds accounted for using the equity method 25,45548,475142,28645,64146,867
Other income (399)(800)(2,571)2,4191,083
Total revenues 3,936,5904,463,5565,627,3755,450,5681,722,846
Expenses 
Losses and loss adjustment expenses 2,050,9032,185,5992,967,4462,890,106718,532
Acquisition expenses 662,778667,625775,458805,135197,848
Other operating expenses 603,288624,090684,451677,809201,163
Corporate expenses 49,74581,74683,75278,99417,962
Amortization of intangible assets 22,92619,343125,778105,67020,417
Interest expense 45,87466,252117,431120,48429,065
Net foreign exchange (gains) losses (66,118)(36,651)115,782(69,402)(3,525)
Total expenses 3,369,3963,608,0044,870,0984,608,7961,181,462
Income before income taxes 567,194855,552757,277841,772541,384
Income tax expense 
Current tax (benefit) expense 44,19450,745(45,736)85,863NA
Deferred tax expense (benefit) (3,582)(19,371)173,30428,088NA
Income tax expense 40,61231,374127,568113,951(45,886)
Net income 526,582824,178629,709727,821495,498
Net (income) loss attributable to noncontrolling interests 11,156(131,440)(10,431)30,150(46,970)
Net income available to Arch 537,738692,738619,278757,971448,528
Preferred dividends (21,938)(28,070)(46,041)(41,645)(10,403)
Loss on redemption of preferred shares 00(6,735)(2,710)0
Net income available to Arch common shareholders 515,800664,668566,502713,616438,125
Net income per common share and common share equivalent 
Basic 4.241.831.41.761.09
Diluted 4.091.781.361.731.07
Weighted average common shares and common share equivalents outstanding 
Basic 121,786,127362,376,342404,138,364404,347,621400,184,404
Diluted 126,038,743374,152,479417,785,025412,906,478408,971,029
Comprehensive Income 
Net income 526,582824,178629,709727,821495,498
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 (77,244)(21,013)252,904(270,057)225,887
Portion of other-than-temporary impairment losses recognized in other comprehensive income, net of deferred income tax (6,036)(352)00NA
Reclassification of net realized (gains) losses, net of income taxes, included in net income (loss) (28,233)(56,361)(67,863)144,573(10,221)
Foreign currency translation adjustments (34,111)(20,381)47,014(24,830)5,516
Comprehensive income 380,958726,071861,764577,507716,680
Net (income) loss attributable to noncontrolling interests 11,156(131,440)(10,431)30,150(46,970)
Other comprehensive (income) loss attributable to noncontrolling interests 265685303,346(4,139)
Comprehensive income available to Arch 392,379594,699851,863611,003665,571


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