Arch Capital Group (ACGL) FY2021 results: revenue $9.2 billion, up 8.5% on the year
Arch Capital Group Ltd. (ACGL) reported revenue of $9.2 billion for fiscal 2021, the year ended 31 December 2021, up 8.5% on the year before. Net income was $2.2 billion, up 53.5%, and diluted earnings per share $5.23. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$9.2 billion
+8.5% on the year
FY2014FY2021
Operating margin
22.7%
18.5% a year earlier
FY2014FY2021
Net income
$2.2 billion
+53.5% on the year
FY2014FY2021
Diluted EPS
$5.23
+57.5% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,428
2,887
2,048
+18.7%
Capital expenditure
41.0
39.9
37.8
+2.8%
Free cash flow
3,387
2,847
2,011
+19.0%
Free cash flow margin
36.6%
33.4%
29.0%
Cash from investing
-2,140
-3,043
-1,806
Cash from financing
-1,230
521
-80.7
Share-based compensation
88.0
71.3
66.4
+23.5%
Buybacks
1,234
83.5
2.9
+1,378.7%
Diluted shares, weighted
400m
410m
412m
-2.4%
Shares outstanding at period end
379m
407m
406m
-6.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
13,546
13,106
11,497
+3.4%
Non-controlling interest
0.0
823
763
Redeemable equity
9.0
58.0
55.4
-84.5%
Debt
2,724
2,861
1,872
-4.8%
Other liabilities
28,822
26,434
23,698
+9.0%
Total liabilities and equity
45,101
43,282
37,885
+4.2%
Goodwill
345
315
327
+9.6%
Intangible assets
529
299
326
+76.8%
Securities held for sale or to maturity
19,733
18,718
16,895
+5.4%
Cash and equivalents
859
906
726
-5.3%
Other assets
23,636
23,044
19,612
+2.6%
Total assets
45,101
43,282
37,885
+4.2%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.