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Segment Information - Analysis of underwriting income by segment and reconciliation to net income available to common shareholders (Details)
$ in Millions
12 Months Ended
Dec. 31, 2024
USD ($)
segment
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segment Reporting Information [Line Items]      
Gross premiums written $ 21,511 $ 18,403 $ 15,327
Premiums ceded (5,779) (4,935) (4,249)
Net premiums written 15,732 13,468 11,078
Change in unearned premiums (632) (1,028) (1,399)
Net premiums earned 15,100 12,440 9,679
Other underwriting income 26 31 13
Losses and loss adjustment expenses (8,342) (6,246) (5,028)
Acquisition expenses, net (2,651) (2,312) (1,740)
Other operating expenses (1,472) (1,301) (1,128)
Underwriting income (loss) 2,661 2,612 1,796
Net investment income 1,495 1,023 496
Net realized gains (losses) 197 (165) (663)
Equity in net income (loss) of investment funds accounted for using the equity method 580 278 115
Other income (loss) 42 27 (27)
Corporate expenses (119) (96) (95)
Transaction costs and other (81) (6) 0
Amortization of intangible assets (235) (95) (106)
Interest expense (141) (133) (131)
Net foreign exchange gains (losses) 75 (60) 102
Income before income taxes and income (loss) from operating affiliates 4,474 3,385 1,487
Income tax (expense) benefit (362) 873 (80)
Income (loss) from operating affiliates 200 184 75
Net income (loss) 4,312 4,442 1,482
Amounts attributable to redeemable noncontrolling interests   1 (6)
Net income available to Arch 4,312 4,443 1,476
Preferred share dividends (40) (40) (40)
Net income (loss) available to Arch common shareholders $ 4,272 $ 4,403 $ 1,436
Underwriting Ratios      
Loss ratio 55.20% 50.20% 51.90%
Acquisition expense ratio 17.60% 18.60% 18.00%
Other operating expense ratio 9.70% 10.50% 11.70%
Combined ratio 82.50% 79.30% 81.60%
Goodwill and intangible assets $ 1,351 $ 731 $ 804
Total investable assets 41,388 34,589 28,065
Total assets 70,906 58,906 47,990
Total liabilities $ 50,086 40,551 35,069
Operating segments      
Segment Reporting Information [Line Items]      
Number of segments | segment 3    
Operating segments | Insurance      
Segment Reporting Information [Line Items]      
Gross premiums written [1] $ 9,053 7,911 6,931
Premiums ceded [1],[2] (2,179) (2,049) (1,910)
Net premiums written 6,874 5,862 5,021
Change in unearned premiums (247) (416) (461)
Net premiums earned 6,627 5,446 4,560
Other underwriting income 0 0 0
Losses and loss adjustment expenses (4,070) (3,122) (2,784)
Acquisition expenses, net (1,217) (1,055) (887)
Other operating expenses [3] (995) (819) (665)
Underwriting income (loss) $ 345 $ 450 $ 224
Underwriting Ratios      
Loss ratio 61.40% 57.30% 61.00%
Acquisition expense ratio 18.40% 19.40% 19.40%
Other operating expense ratio 15.00% 15.00% 14.60%
Combined ratio 94.80% 91.70% 95.00%
Goodwill and intangible assets $ 916 $ 224 $ 229
Operating segments | Reinsurance      
Segment Reporting Information [Line Items]      
Gross premiums written [1] 11,112 9,113 6,948
Premiums ceded [1],[2] (3,366) (2,559) (2,024)
Net premiums written 7,746 6,554 4,924
Change in unearned premiums (504) (718) (965)
Net premiums earned 7,242 5,836 3,959
Other underwriting income 9 17 5
Losses and loss adjustment expenses (4,327) (3,227) (2,568)
Acquisition expenses, net (1,432) (1,240) (813)
Other operating expenses [3] (270) (288) (268)
Underwriting income (loss) $ 1,222 $ 1,098 $ 315
Underwriting Ratios      
Loss ratio 59.70% 55.30% 64.90%
Acquisition expense ratio 19.80% 21.20% 20.50%
Other operating expense ratio 3.70% 4.90% 6.80%
Combined ratio 83.20% 81.40% 92.20%
Goodwill and intangible assets $ 102 $ 130 $ 145
Operating segments | Mortgage      
Segment Reporting Information [Line Items]      
Gross premiums written [1] 1,351 1,387 1,455
Premiums ceded [1],[2] (239) (335) (322)
Net premiums written 1,112 1,052 1,133
Change in unearned premiums 119 106 27
Net premiums earned 1,231 1,158 1,160
Other underwriting income 17 14 8
Losses and loss adjustment expenses 55 103 324
Acquisition expenses, net (2) (17) (40)
Other operating expenses [3] (207) (194) (195)
Underwriting income (loss) $ 1,094 $ 1,064 $ 1,257
Underwriting Ratios      
Loss ratio (4.40%) (8.90%) (28.00%)
Acquisition expense ratio 0.20% 1.40% 3.50%
Other operating expense ratio 16.80% 16.80% 16.80%
Combined ratio 12.60% 9.30% (7.70%)
Goodwill and intangible assets $ 333 $ 377 $ 430
[1] 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.
[2] Certain amounts included in the gross premiums written of each segment are related to intersegment transactions and are included in the gross premiums written of each segment. Accordingly, the sum of gross premiums written for each segment does not agree to the total gross premiums written as shown in the table above due to the elimination of intersegment transactions in the total.
[3] Other operating expenses primarily include expenses that are related to compensation and employee benefits, information technology and professional fees.