Arch Capital Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	4,399	4,312	4,443	1,476	2,157
Depreciation & Amortization	193	235	95	106	82
Gain (Loss) on Sale of Investments	-440	-185	182	651	-427
Stock-Based Compensation	148	133	93	88	88
Change in Accounts Receivable	38	-818	-981	-1,110	-685
Change in Unearned Revenue	-589	632	1,028	1,399	935
Change in Deferred Taxes	174	-35	-1,161	-121	-167
Change in Insurance Reserves / Liabilities	2,350	3,279	2,138	1,890	1,762
Change in Other Net Operating Assets	135	-359	-92	-313	-174
Other Operating Activities	-	-	-1	6	82
Operating Cash Flow	6,172	6,673	5,749	3,816	3,425
Operating Cash Flow Growth	-7.51%	16.07%	50.65%	11.42%	18.66%
Capital Expenditures	-44	-51	-52	-50	-41
Cash Acquisitions	-	852	-	-	-
Investment in Securities	-4,408	-5,227	-5,443	-3,107	-1,185
Other Investing Activities	416	-35	27	56	-563
Investing Cash Flow	-4,036	-4,461	-5,468	-3,101	-2,138
Issuance of Common Stock	50	7	-	6	6
Repurchases of Common Stock	-1,889	-24	-	-586	-1,234
Issuance of Preferred Stock	-	-	-	-	500
Repurchases of Preferred Stock	-	-	-	-	-450
Common Dividends Paid	-7	-1,866	-	-	-
Preferred Dividends Paid	-40	-40	-40	-40	-47
Total Dividends Paid	-47	-1,906	-40	-40	-47
Other Financing Activities	-4	-2	-29	-86	-4
Financing Cash Flow	-1,890	-1,925	-69	-706	-1,229
Foreign Exchange Rate Adjustments	61	-25	13	-50	-34
Net Cash Flow	307	262	225	-41	24
Free Cash Flow	6,128	6,622	5,697	3,766	3,384
Free Cash Flow Growth	-7.46%	16.24%	51.28%	11.29%	18.88%
Free Cash Flow Margin	30.75%	37.97%	41.78%	39.18%	36.59%
Free Cash Flow Per Share	16.30	17.34	15.04	9.97	8.45
Cash Interest Paid	127	127	127	128	139
Cash Income Tax Paid	458	378	267	255	286
Levered Free Cash Flow	26,781	10,380	-18,786	3,378	3,561
Unlevered Free Cash Flow	26,873	10,468	-18,703	3,460	3,648
Change in Working Capital	2,331	2,666	1,152	1,335	1,907

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.