Discontinued — last reported Q4 '23
Underwriting Segments — Income tax expense (benefit)
Arch Capital Group Underwriting Segments — Income tax expense (benefit) remained flat by 0.0% to -$218.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 458.3%, from $60.92M to -$218.25M. Over 2 years (FY 2021 to FY 2023), Underwriting Segments — Income tax expense (benefit) shows a downward trend with a 160.8% CAGR.
Analysis
How to read this metric
A significant tax benefit may indicate favorable tax adjustments or losses in specific jurisdictions, while an expense reflects standard tax obligations on profitable underwriting.
Detailed definition
This represents the total income tax provision or benefit allocated specifically to the underwriting business segments....
Peer comparison
Standard tax line item found in segment reporting for multi-national insurance groups.
acgl_segment_underwriting_segments_income_tax_expense_benefitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $50.95M | $4.14M | $34.41M | $11.62M | $22.32M | -$14.90M | $60.92M | -$218.25M | -$218.25M | -$218.25M | -$218.25M |
| QoQ Change | — | -91.9% | +731.7% | -66.2% | +92.1% | -166.7% | +508.9% | -458.3% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | -56.2% | -460.2% | +77.1% | <-999% | <-999% | <-999% | -458.3% |
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Frequently Asked Questions
- What is Arch Capital Group's underwriting segments — income tax expense (benefit)?
- Arch Capital Group (ACGL) reported underwriting segments — income tax expense (benefit) of -$218.25M in Q4 2023.
- How has Arch Capital Group's underwriting segments — income tax expense (benefit) changed year-over-year?
- Arch Capital Group's underwriting segments — income tax expense (benefit) decreased by 458.3% year-over-year, from $60.92M to -$218.25M.
- What is the long-term trend for Arch Capital Group's underwriting segments — income tax expense (benefit)?
- Over 2 years (2021 to 2023), Arch Capital Group's underwriting segments — income tax expense (benefit) has grown at a 160.8% compound annual growth rate (CAGR), from $128.35M to -$873.00M.
- What does underwriting segments — income tax expense (benefit) mean?
- The tax expense or benefit attributable to the company's core underwriting business segments.