ARCH CAPITAL GROUP LTD
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
ACGL$109.61+0.3%Stored close · as of Nov 13, 2026
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Consolidated Statements of Changes in Shareholders’ Equity
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| ARCH CAPITAL GROUP LTD. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY(U.S. dollars in millions) | |||
|---|---|---|---|
| Year Ended December 31, | |||
| 2023 | 2022 | 2021 | |
| Non-cumulative preferred shares | |||
| Balance at beginning of year | $830 | $830 | $780 |
| Preferred shares issued | — | — | 500 |
| Preferred shares redeemed | — | — | (450) |
| Balance at end of year | 830 | 830 | 830 |
| Common shares | |||
| Balance at beginning and end of year | 1 | 1 | 1 |
| Additional paid-in capital | |||
| Balance at beginning of year | 2,211 | 2,085 | 1,978 |
| Issue costs on preferred shares issued | — | — | (14) |
| Reversal of issue costs on preferred shares redeemed | — | — | 15 |
| Amortization of share-based compensation | 93 | 88 | 86 |
| Other changes | 23 | 38 | 20 |
| Balance at end of year | 2,327 | 2,211 | 2,085 |
| Retained earnings | |||
| Balance at beginning of year | 15,892 | 14,456 | 12,362 |
| Net income | 4,442 | 1,482 | 2,239 |
| Net (income) loss attributable to noncontrolling interests | 1 | (6) | (82) |
| Preferred share dividends | (40) | (40) | (48) |
| Loss on redemption of preferred shares | — | — | (15) |
| Balance at end of year | 20,295 | 15,892 | 14,456 |
| Accumulated other comprehensive income (loss) | |||
| Balance at beginning of year | (1,646) | (65) | 489 |
| Unrealized appreciation (decline) in value of available-for-sale investments, net of deferred income tax: | |||
| Balance at beginning of year | (1,512) | 13 | 501 |
| Unrealized holding gains (losses) during period, net of reclassification adjustment | 947 | (1,525) | (503) |
| Unrealized holding gains (losses) during period attributable to noncontrolling interests | — | — | 15 |
| Balance at end of year | (565) | (1,512) | 13 |
| Foreign currency translation adjustments, net of deferred income tax: | |||
| Balance at beginning of year | (134) | (78) | (12) |
| Foreign currency translation adjustments | 23 | (56) | (65) |
| Foreign currency translation adjustments attributable to noncontrolling interests | — | — | (1) |
| Balance at end of year | (111) | (134) | (78) |
| Balance at end of year | (676) | (1,646) | (65) |
| Common shares held in treasury, at cost | |||
| Balance at beginning of year | (4,378) | (3,761) | (2,504) |
| Shares repurchased for treasury | (46) | (617) | (1,257) |
| Balance at end of year | (4,424) | (4,378) | (3,761) |
| Total shareholders’ equity | $18,353 | $12,910 | $13,546 |
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