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Unaudited Condensed Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of condensed quarterly financial information
The following table summarizes the Company’s 2014 and 2013 unaudited condensed quarterly financial information (including the results of the ‘other’ segment):
 
Fourth
Quarter
 
Third
Quarter
 
Second
Quarter
 
First
Quarter
Year Ended December 31, 2014
 
 
 
 
 
 
 
Net premiums written
$
895,481

 
$
959,539

 
$
971,928

 
$
1,064,990

Net premiums earned
923,165

 
903,651

 
907,152

 
859,780

Net investment income
82,496

 
80,105

 
72,990

 
66,994

Net realized gains
10,561

 
18,515

 
54,144

 
19,697

Net impairment losses recognized in earnings
(3,837
)
 
(8,593
)
 
(14,749
)
 
(2,971
)
Underwriting income
113,464

 
101,087

 
124,091

 
132,456

Net income
207,134

 
223,264

 
211,717

 
179,145

Preferred dividends
(5,485
)
 
(5,484
)
 
(5,485
)
 
(5,484
)
Net income available to Arch common shareholders
209,679

 
223,191

 
202,531

 
177,016

Net income per common share -- basic
$
1.65

 
$
1.69

 
$
1.53

 
$
1.34

Net income per common share -- diluted
$
1.60

 
$
1.64

 
$
1.48

 
$
1.30

 
 
 
 
 
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
 
 
Net premiums written
$
748,921

 
$
839,135

 
$
810,535

 
$
952,776

Net premiums earned
839,366

 
795,000

 
758,816

 
752,770

Net investment income
67,095

 
66,083

 
68,369

 
65,672

Net realized gains (losses)
9,048

 
(6,022
)
 
12,652

 
58,340

Net impairment losses recognized in earnings
(88
)
 
(728
)
 
(724
)
 
(2,246
)
Underwriting income
128,318

 
110,992

 
96,029

 
116,398

Net income
161,490

 
114,825

 
176,940

 
256,476

Preferred dividends
(5,485
)
 
(5,484
)
 
(5,485
)
 
(5,484
)
Net income available to Arch common shareholders
156,005

 
109,341

 
171,455

 
250,992

Net income per common share -- basic
$
1.19

 
$
0.83

 
$
1.31

 
$
1.92

Net income per common share -- diluted
$
1.14

 
$
0.80

 
$
1.26

 
$
1.85