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Segment Information - Summary of underwriting income or loss by segment (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
segment
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Segment Reporting Information [Line Items]          
Number of segments | segment     3    
Gross premiums written $ 5,382 $ 4,845 $ 11,315 $ 9,625  
Premiums ceded (1,601) (1,417) (3,449) (2,773)  
Net premiums written 3,781 3,428 7,866 6,852  
Change in unearned premiums (216) (463) (879) (1,004)  
Net premiums earned 3,565 2,965 6,987 5,848  
Other underwriting income 3 6 15 16  
Losses and loss adjustment expenses (1,827) (1,491) (3,555) (2,962)  
Acquisition expenses (633) (561) (1,240) (1,094)  
Other operating expenses (346) (313) (709) (632)  
Underwriting income (loss) 762 606 1,498 1,176  
Net investment income 364 242 691 441  
Net realized gains (losses) 122 (123) 189 (106)  
Equity in net income (loss) of investment funds accounted for using the equity method 167 69 266 117  
Other income (loss) 8 3 22 14  
Corporate expenses [1] (23) (20) (69) (49)  
Transaction costs and other [1] (18) (1) (25) (2)  
Amortization of intangible assets (27) (24) (48) (47)  
Interest expense (35) (33) (69) (65)  
Net foreign exchange gains (losses) 1 (5) 32 (23)  
Income (loss) before income taxes and income (loss) from operating affiliates 1,321 714 2,487 1,456  
Income tax expense (benefit) (97) (67) (198) (131)  
Income (loss) from operating affiliates 45 22 100 61  
Net income (loss) 1,269 669 2,389 1,386  
Net (income) loss attributable to noncontrolling interests 0 2 0 0  
Net income (loss) available to Arch 1,269 671 2,389 1,386  
Preferred dividends (10) (10) (20) (20)  
Net income (loss) available to Arch common shareholders $ 1,259 $ 661 $ 2,369 $ 1,366  
Underwriting Ratios          
Loss ratio 51.20% 50.30% 50.90% 50.60%  
Acquisition expense ratio 17.80% 18.90% 17.70% 18.70%  
Other operating expense ratio 9.70% 10.60% 10.10% 10.80%  
Combined ratio 78.70% 79.80% 78.70% 80.10%  
Goodwill and intangible assets $ 725 $ 775 $ 725 $ 775 $ 731
Operating segments | Insurance          
Segment Reporting Information [Line Items]          
Gross premiums written [2] 2,102 1,955 4,228 3,934  
Premiums ceded [2] (544) (501) (1,128) (1,043)  
Net premiums written 1,558 1,454 3,100 2,891  
Change in unearned premiums (80) (126) (171) (306)  
Net premiums earned 1,478 1,328 2,929 2,585  
Other underwriting income 0 0 0 0  
Losses and loss adjustment expenses (848) (761) (1,702) (1,464)  
Acquisition expenses (288) (264) (564) (509)  
Other operating expenses (233) (195) (468) (390)  
Underwriting income (loss) $ 109 $ 108 $ 195 $ 222  
Underwriting Ratios          
Loss ratio 57.30% 57.30% 58.10% 56.60%  
Acquisition expense ratio 19.50% 19.90% 19.20% 19.70%  
Other operating expense ratio 15.80% 14.70% 16.00% 15.10%  
Combined ratio 92.60% 91.90% 93.30% 91.40%  
Goodwill and intangible assets $ 255 $ 228 $ 255 $ 228  
Operating segments | Reinsurance          
Segment Reporting Information [Line Items]          
Gross premiums written [2] 2,941 2,544 6,408 5,004  
Premiums ceded [2] (994) (835) (2,195) (1,569)  
Net premiums written 1,947 1,709 4,213 3,435  
Change in unearned premiums (167) (366) (767) (762)  
Net premiums earned 1,780 1,343 3,446 2,673  
Other underwriting income 1 3 3 7  
Losses and loss adjustment expenses (1,006) (743) (1,889) (1,509)  
Acquisition expenses (345) (290) (676) (571)  
Other operating expenses (64) (68) (139) (142)  
Underwriting income (loss) $ 366 $ 245 $ 745 $ 458  
Underwriting Ratios          
Loss ratio 56.50% 55.30% 54.80% 56.50%  
Acquisition expense ratio 19.40% 21.60% 19.60% 21.30%  
Other operating expense ratio 3.60% 5.00% 4.00% 5.30%  
Combined ratio 79.50% 81.90% 78.40% 83.10%  
Goodwill and intangible assets $ 114 $ 146 $ 114 $ 146  
Operating segments | Mortgage          
Segment Reporting Information [Line Items]          
Gross premiums written [2] 340 347 681 690  
Premiums ceded [2] (64) (82) (128) (164)  
Net premiums written 276 265 553 526  
Change in unearned premiums 31 29 59 64  
Net premiums earned 307 294 612 590  
Other underwriting income 2 3 12 9  
Losses and loss adjustment expenses 27 13 36 11  
Acquisition expenses 0 (7) 0 (14)  
Other operating expenses (49) (50) (102) (100)  
Underwriting income (loss) $ 287 $ 253 $ 558 $ 496  
Underwriting Ratios          
Loss ratio (8.60%) (4.50%) (5.80%) (1.90%)  
Acquisition expense ratio 0.10% 2.40% 0.10% 2.40%  
Other operating expense ratio 15.90% 17.10% 16.70% 17.00%  
Combined ratio 7.40% 15.00% 11.00% 17.50%  
Goodwill and intangible assets $ 356 $ 401 $ 356 $ 401  
[1] Certain expenses have been excluded from ‘corporate expenses’ and reflected in ‘transaction costs and other.’
[2] Certain assumed and ceded amounts related to intersegment transactions are included in individual segment results. Accordingly, the sum of such transactions for each segment does not agree to the total due to eliminations.