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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturities available for sale, at fair value (amortized cost: $14,293,121 and $13,869,460) $ 14,128,989 $ 13,876,003
Short-term investments available for sale, at fair value (amortized cost: $1,096,532 and $1,468,955) 1,096,798 1,469,042
Collateral received under securities lending, at fair value (amortized cost: $236,948 and $476,605) 236,956 476,615
Equity securities, at fair value 534,482 495,804
Other investments available for sale, at fair value (cost: $0 and $198,163) 0 264,989
Investments accounted for using the fair value option 4,111,611 4,216,237
Investments accounted for using the equity method 1,428,582 1,041,322
Total investments 21,537,418 21,840,012
Cash 526,628 606,199
Accrued investment income 114,307 113,133
Securities pledged under securities lending, at fair value (amortized cost: $229,857 and $463,181) 230,064 464,917
Premiums receivable 1,351,310 1,135,249
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses 2,727,303 2,540,143
Contractholder receivables 2,044,322 1,978,414
Ceded unearned premiums 1,014,663 926,611
Deferred acquisition costs net 569,817 535,824
Receivable for securities sold 143,809 205,536
Goodwill and intangible assets 593,008 652,611
Other assets 1,000,471 1,053,009
Total assets 31,853,120 32,051,658
Liabilities    
Reserve for losses and loss adjustment expenses 11,424,337 11,383,792
Unearned premiums 3,833,540 3,622,314
Reinsurance balances payable 411,082 323,496
Contractholder payables 2,044,322 1,978,414
Collateral held for insured obligations 257,396 240,183
Senior notes 1,733,211 1,732,884
Revolving credit agreement borrowings 572,289 816,132
Securities lending payable 236,948 476,605
Payable for securities purchased 356,583 449,186
Other liabilities 752,399 782,717
Total liabilities 21,622,107 21,805,723
Commitments and Contingencies
Redeemable noncontrolling interests 206,105 205,922
Shareholders' Equity    
Non-cumulative preferred shares 780,000 872,555
Convertible non-voting common equivalent preferred shares 0 489,627
Common shares ($0.0011 par, shares issued: 569,458,341 and 549,872,226) 633 611
Additional paid-in capital 1,760,606 1,230,617
Retained earnings 9,083,202 8,562,889
Accumulated other comprehensive income (loss), net of deferred income tax (194,157) 118,044
Common shares held in treasury, at cost (shares: 164,021,704 and 156,938,409) (2,266,529) (2,077,741)
Total shareholders' equity available to Arch 9,163,755 9,196,602
Non-redeemable noncontrolling interests 861,153 843,411
Total shareholders' equity 10,024,908 10,040,013
Total liabilities, noncontrolling interests and shareholders' equity $ 31,853,120 $ 32,051,658