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Unaudited Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturities available for sale, at fair value (amortized cost: $18,447,720 and $18,143,305; net of allowance for credit losses: $3,830 and $2,397 ) $ 18,723,035 $ 18,717,825
Short-term investments available for sale, at fair value (amortized cost: $1,269,312 and $1,924,292; net of allowance for credit losses: $0 and $0) 1,269,631 1,924,922
Collateral received under securities lending, at fair value (amortized cost: $143,886 and $301,089) 143,894 301,096
Equity securities, at fair value 1,532,906 1,444,830
Other investments (portion measured at fair value: $3,935,354 and $3,824,796) 4,435,354 4,324,796
Investments accounted for using the equity method 2,256,327 2,047,889
Total investments 28,361,147 28,761,358
Cash 941,951 906,448
Accrued investment income 101,108 103,299
Securities pledged under securities lending, at fair value (amortized cost: $142,129 and $294,493) 140,949 294,912
Investment in operating affiliates 739,783 129,291
Premiums receivable (net of allowance for credit losses: $36,111 and $37,781) 2,618,175 2,064,586
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $10,872 and $11,636) 4,041,076 4,500,802
Contractholder receivables (net of allowance for credit losses: $5,853 and $8,638) 1,919,655 1,986,924
Ceded unearned premiums 1,406,489 1,234,075
Deferred acquisition costs 919,740 790,708
Receivable for securities sold 199,424 92,743
Goodwill and intangible assets 679,509 692,863
Other assets 2,135,261 1,724,288
Total assets 44,204,267 43,282,297
Liabilities    
Reserve for losses and loss adjustment expenses 16,443,952 16,513,929
Unearned premiums 5,549,127 4,838,965
Reinsurance balances payable 919,125 683,263
Contractholder payables 1,925,508 1,995,562
Collateral held for insured obligations 222,245 215,581
Senior notes 2,861,417 2,861,113
Revolving credit agreement borrowings 155,687 155,687
Securities lending payable 143,886 301,089
Payable for securities purchased 386,453 218,779
Other liabilities 1,565,861 1,510,888
Total liabilities 30,173,261 29,294,856
Commitments and Contingencies
Redeemable noncontrolling interests 57,670 58,548
Shareholders' Equity    
Non-cumulative preferred shares 780,000 780,000
Common shares ($0.0011 par, shares issued: 581,226,408 and 579,000,841) 645 643
Additional paid-in capital 2,014,741 1,977,794
Retained earnings 12,790,216 12,362,463
Accumulated other comprehensive income (loss), net of deferred income tax 205,827 488,895
Common shares held in treasury, at cost (shares: 177,913,031 and 172,280,199) (2,694,957) (2,503,909)
Total shareholders' equity available to Arch 13,096,472 13,105,886
Non-redeemable noncontrolling interests 876,864 823,007
Total shareholders' equity 13,973,336 13,928,893
Total liabilities, noncontrolling interests and shareholders' equity $ 44,204,267 $ 43,282,297