Arch Capital Group Ltd. (ACGL)

Arch Capital Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	14,301	12,440	9,679	8,082	6,992	5,786
Total Interest & Dividend Income	1,403	1,023	496	389	519.61	627.74
Gain (Loss) on Sale of Investments	547	-165	-663	380	823.46	363.2
Other Revenue	616	336	101	397	173.51	148.53
Total Revenue	16,867	13,634	9,613	9,248	8,509	6,926
Revenue Growth (YoY)	32.50%	41.83%	3.95%	8.69%	22.85%	27.07%
Policy Benefits	7,595	6,246	5,028	4,585	4,690	3,133
Policy Acquisition & Underwriting Costs	2,564	2,312	1,740	1,303	1,005	840.95
Amortization of Goodwill & Intangibles	160	95	106	82	69.03	82.1
Selling, General & Administrative	115	96	95	78	68.49	65.67
Other Operating Expenses	1,421	1,301	1,128	999	875.18	801
Total Operating Expenses	11,855	10,050	8,097	7,047	6,707	4,923
Operating Income	5,012	3,584	1,516	2,201	1,801	2,003
Interest Expense	-138	-133	-131	-139	-143.46	-120.87
Earnings From Equity Investments	205	184	75	264	16.77	2.23
Currency Exchange Gain (Loss)	-90	-60	102	41	-83.63	-20.61
EBT Excluding Unusual Items	4,989	3,575	1,562	2,367	1,591	1,864
Merger & Restructuring Charges	-59	-6	-	-	-13.5	-14.44
Pretax Income	4,930	3,569	1,562	2,367	1,578	1,849
Income Tax Expense	-780	-873	80	128	111.84	155.81
Earnings From Continuing Ops.	5,710	4,442	1,482	2,239	1,466	1,693
Minority Interest in Earnings	1	1	-6	-82	-60.19	-56.98
Net Income	5,711	4,443	1,476	2,157	1,406	1,636
Preferred Dividends & Other Adjustments	40	40	40	63	41.61	41.61
Net Income to Common	5,671	4,403	1,436	2,094	1,364	1,595
Net Income Growth	92.42%	201.02%	-31.57%	53.47%	-14.10%	115.88%
Shares Outstanding (Basic)	372	369	369	392	403	402
Shares Outstanding (Diluted)	381	379	378	400	410	412
Shares Change (YoY)	0.93%	0.32%	-5.67%	-2.43%	-0.33%	-0.31%
EPS (Basic)	15.26	11.94	3.90	5.35	3.38	3.97
EPS (Diluted)	14.88	11.62	3.80	5.23	3.32	3.87
EPS Growth	91.75%	205.79%	-27.34%	57.53%	-14.21%	123.70%
Free Cash Flow	6,712	5,697	3,766	3,384	2,847	2,011
Free Cash Flow Per Share	17.61	15.04	9.97	8.45	6.94	4.88
Operating Margin	29.71%	26.29%	15.77%	23.80%	21.17%	28.92%
Profit Margin	33.62%	32.29%	14.94%	22.64%	16.03%	23.03%
Free Cash Flow Margin	39.79%	41.79%	39.18%	36.59%	33.46%	29.03%
EBITDA	5,172	3,679	1,622	2,283	1,870	2,085
EBITDA Margin	30.66%	26.98%	16.87%	24.69%	21.98%	30.10%
D&A For EBITDA	160	95	106	82	69.03	82.1
EBIT	5,012	3,584	1,516	2,201	1,801	2,003
EBIT Margin	29.71%	26.29%	15.77%	23.80%	21.17%	28.92%
Effective Tax Rate	-	-	5.12%	5.41%	7.09%	8.43%
Revenue as Reported	16,867	13,634	9,613	9,248	8,509	6,926

Source: S&P Capital IQ. Insurance template. Financial Sources.