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	4,442	1,482	2,239
Depreciation & Amortization	193	235	95	106	82
Stock-Based Compensation	148	133	93	88	88
Other Adjustments	-725	-708	-1,194	684	-1,058
Changes in Receivables	38	-818	-981	-1,110	-685
Changes in Deferred Acquisition Costs	86	-212	-235	-374	-263
Changes in Accounts Payable	137	179	455	-36	499
Changes in Unearned Premiums	-589	632	1,028	1,399	935
Changes in Claims Reserves	2,350	3,279	2,138	1,890	1,762
Changes in Other Operating Activities	135	-359	-92	-313	-174
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
Purchases of Investments	-40,166	-36,198	-20,689	-18,907	-38,486
Proceeds from Sale of Investments	35,500	31,240	15,942	15,333	37,890
Payments for Business Acquisitions	-	852	-	-	-754
Other Investing Activities	674	-304	-669	523	-747
Investing Cash Flow	-4,036	-4,461	-5,468	-3,101	-2,138
Issuance of Common Stock	50	7	-	6	6
Repurchase of Common Stock	-1,889	-24	-	-586	-1,234
Net Common Stock Issued (Repurchased)	-1,839	-17	-	-580	-1,228
Issuance of Preferred Stock	-	-	-	-	486
Repurchase of Preferred Stock	-	-	-	-	-450
Net Preferred Stock Issued (Repurchased)	-	-	-	-	36
Common Dividends Paid	-7	-1,866	-	-	-
Preferred Share Dividends Paid	-40	-40	-40	-40	-47
Other Financing Activities	-4	-2	-27	-86	10
Financing Cash Flow	-1,890	-1,925	-69	-706	-1,229
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%
FCF Margin	30.75%	37.97%	41.79%	39.18%	36.59%
Free Cash Flow Per Share	16.30	17.34	15.04	9.97	8.45
Levered Free Cash Flow	4,277	4,696	5,602	2,168	3,132
Unlevered Free Cash Flow	4,399	4,612	5,652	2,170	3,120

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.