v3.26.1
Unaudited Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Net premiums earned $ 3,985 $ 4,337 $ 7,971 $ 8,525
Net investment income 417 405 825 783
Net realized gains (losses) (17) 229 (104) 232
Other underwriting income 57 62 116 115
Equity in net income of investments accounted for using the equity method 196 162 356 215
Other income (loss) 30 18 25 16
Total revenues 4,668 5,213 9,189 9,886
Expenses        
Losses and loss adjustment expenses 2,196 2,303 4,285 4,890
Acquisition expenses 718 824 1,448 1,588
Other operating expenses 471 454 969 927
Corporate expenses 44 47 93 107
Amortization of intangible assets 30 48 60 97
Interest expense 44 38 81 73
Net foreign exchange (gains) losses (10) 88 (31) 115
Total expenses 3,493 3,802 6,905 7,797
Income (loss) before income taxes and income (loss) from operating affiliates 1,175 1,411 2,284 2,089
Income tax (expense) benefit (164) (214) (262) (335)
Income (loss) from operating affiliates 46 40 82 57
Net income (loss) available to Arch 1,057 1,237 2,104 1,811
Preferred dividends (10) (10) (20) (20)
Net income (loss) available to Arch common shareholders $ 1,047 $ 1,227 $ 2,084 $ 1,791
Net income per common share and common share equivalent        
Basic (per share) $ 3.05 $ 3.30 $ 5.99 $ 4.81
Diluted (per share) $ 3.00 $ 3.23 $ 5.88 $ 4.70
Weighted average common shares and common share equivalents outstanding        
Basic (shares) 343.2 372.2 348.2 372.6
Diluted (shares) 348.8 379.9 354.2 380.8