Arch Capital Group (ACGL) FY2022 results: revenue $9.6 billion, up 3.9% on the year
Arch Capital Group Ltd. (ACGL) reported revenue of $9.6 billion for fiscal 2022, the year ended 31 December 2022, up 3.9% on the year before. Net income was $1.5 billion, down 31.5%, and diluted earnings per share $3.80. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$9.6 billion
+3.9% on the year
FY2015FY2022
Operating margin
15.5%
22.7% a year earlier
FY2015FY2022
Net income
$1.5 billion
-31.5% on the year
FY2015FY2022
Diluted EPS
$3.80
-27.3% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
3,815
3,428
2,887
+11.3%
Capital expenditure
50.0
41.0
39.9
+22.0%
Free cash flow
3,765
3,387
2,847
+11.2%
Free cash flow margin
39.2%
36.6%
33.4%
Cash from investing
-3,102
-2,140
-3,043
Cash from financing
-706
-1,230
521
Share-based compensation
88.0
88.0
71.3
0.0%
Buybacks
586
1,234
83.5
-52.5%
Diluted shares, weighted
378m
400m
410m
-5.7%
Shares outstanding at period end
370m
379m
407m
-2.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
12,910
13,546
13,106
-4.7%
Non-controlling interest
0.0
0.0
823
Redeemable equity
11.0
9.0
58.0
+22.2%
Debt
2,725
2,724
2,861
+0.0%
Other liabilities
32,344
28,822
26,434
+12.2%
Total liabilities and equity
47,991
45,101
43,282
+6.4%
Goodwill
342
345
315
-0.8%
Intangible assets
393
529
299
-25.6%
Securities held for sale or to maturity
21,014
19,733
18,718
+6.5%
Cash and equivalents
855
859
906
-0.4%
Other assets
25,385
23,636
23,044
+7.4%
Total assets
47,991
45,101
43,282
+6.4%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.