v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Debt securities available for sale, at fair value $ 36,453 $ 35,051
Equity securities, at fair value 2,280 1,864
Other investments, at fair value 3,381 3,136
Investments accounted for using the equity method 6,852 6,453
Total investments 48,966 46,504
Cash 1,109 993
Accrued investment income 325 338
Investment in operating affiliates 1,323 1,313
Premiums receivable (net of allowance for credit losses: $41 and $43) 7,160 5,723
Reinsurance recoverable on unpaid and paid losses and loss adjustment expenses (net of allowance for credit losses: $18 and $17) 9,964 9,526
Contractholder receivables (net of allowance for credit losses: $7 and $7) 2,264 2,270
Ceded unearned premiums 3,669 2,659
Deferred acquisition costs 1,794 1,717
Receivable for securities sold 564 180
Goodwill and intangible assets 1,163 1,222
Other assets 6,878 6,796
Total assets 85,179 79,241
Liabilities    
Reserve for losses and loss adjustment expenses 34,775 33,547
Unearned premiums 11,493 10,100
Reinsurance balances payable 3,234 2,320
Contractholder payables 2,270 2,277
Collateral held for insured obligations 240 237
Senior notes 4,286 2,729
Payable for securities purchased 1,136 308
Other liabilities 3,715 3,517
Total liabilities 61,149 55,035
Commitments and contingencies (refer to Note 11)
Shareholders' Equity    
Non-cumulative preferred shares 830 830
Common shares ($0.0011 par, shares issued: 602.7 and 599.8) 1 1
Additional paid-in capital 2,873 2,735
Retained earnings 29,129 27,045
Accumulated other comprehensive income (loss), net of deferred income tax (413) 5
Common shares held in treasury, at cost (shares: 261.8 and 240.8) (8,390) (6,410)
Total shareholders' equity available to Arch 24,030 24,206
Total liabilities and shareholders' equity 85,179 79,241
Fixed maturities available for sale, at fair value (amortized cost: $33,427 and $32,329; net of allowance for credit losses: $16 and $20)    
Investments:    
Debt securities available for sale, at fair value 33,155 32,426
Short-term investments available for sale, at fair value (amortized cost: $3,298 and $2,624; net of allowance for credit losses: $0 and $0)    
Investments:    
Debt securities available for sale, at fair value $ 3,298 $ 2,625