Argo Group International Holdings, Ltd. (ARGO) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 PITTS BAY ROAD
PEMBROKE, HM 08
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6361 - Title Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments884,200775,200543,700714,000678,200629,100
Cash and cash equivalents  36,40050,20099,400165,100154,000
Short-term investments884,200738,800493,500614,600513,100475,100
Total current assets:884,200775,200543,700714,000678,200629,100
Noncurrent Assets
Operating lease, right-of-use asset52,90054,80057,70060,30058,80060,800
Property, plant and equipment   43,600   
Intangible assets, net (including goodwill)118,600118,600118,600136,100164,600164,600
Goodwill118,600118,600118,600136,100147,300147,300
Intangible assets, net (excluding goodwill)     17,30017,300
Regulated entity, other noncurrent assets   3,300   
Deferred income tax assets100,90093,500101,200151,800126,40099,200
Total noncurrent assets:272,400266,900324,400348,200349,800324,600
Other undisclosed assets7,030,5007,162,0009,166,3008,796,5008,848,1009,027,300
TOTAL ASSETS:8,187,1008,204,10010,034,4009,858,7009,876,1009,981,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     9,600 
Taxes payable4,800
Accrued liabilities     4,800 
Total current liabilities:     9,600 
Noncurrent Liabilities
Long-term debt and lease obligation   54,700   
Long-term debt, excluding current maturities   54,700   
Total noncurrent liabilities:   54,700   
Other undisclosed liabilities6,952,3006,959,6008,746,8008,533,8008,405,8008,370,200
Total liabilities:6,952,3006,959,6008,801,5008,533,8008,415,4008,370,200
Equity
Equity, attributable to parent1,234,8001,244,5001,232,9001,324,9001,460,7001,610,800
Preferred stock144,000144,000144,000144,000144,000144,000
Common stock46,50046,50046,40046,30046,30046,300
Treasury stock, value(455,100)(455,100)(455,100)(455,100)(455,100)(455,100)
Additional paid in capital1,395,1001,396,6001,395,4001,392,6001,388,9001,388,500
Accumulated other comprehensive loss(266,300)(258,400)(305,100)(332,900)(256,000)(134,900)
Retained earnings370,600370,900407,300530,000592,600622,000
Total equity:1,234,8001,244,5001,232,9001,324,9001,460,7001,610,800
TOTAL LIABILITIES AND EQUITY:8,187,1008,204,10010,034,4009,858,7009,876,1009,981,000

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues364,300401,700383,700444,300443,200483,800
Premiums earned, net329,900389,900350,500455,000454,300480,600
Gross profit:364,300401,700383,700444,300443,200483,800
Operating expenses   (401,000)(28,500)  
Operating income (loss):364,300401,700(17,300)415,800443,200483,800
Nonoperating expense(7,500)(14,300)(29,100)(1,900)(5,300)(10,300)
Gain (loss), foreign currency transaction, before tax(700)(2,700)(11,500)9,10010,300(2,900)
Other nonoperating expense(6,800)(11,600)(17,600)(11,000)(15,600)(7,400)
Interest and debt expense(8,200)(8,500)(8,100)(6,800)(6,100)(5,800)
Income (loss) from continuing operations before equity method investments, income taxes:348,600378,900(54,500)407,100431,800467,700
Other undisclosed loss from continuing operations before income taxes(352,200)(421,200)(83,800)(459,900)(435,900)(455,700)
Income (loss) from continuing operations before income taxes:(3,600)(42,300)(138,300)(52,800)(4,100)12,000
Income tax expense (benefit)5,8008,50029,1004,000(12,100)(13,000)
Income (loss) from continuing operations:2,200(33,800)(109,200)(48,800)(16,200)(1,000)
Loss before gain (loss) on sale of properties:(48,800)(16,200)(1,000)
Net income (loss) attributable to parent:2,200(33,800)(109,200)(48,800)(16,200)(1,000)
Preferred stock dividends and other adjustments(2,700)(2,600)(2,600)(2,600)(2,700)(2,600)
Net loss available to common stockholders, diluted:(500)(36,400)(111,800)(51,400)(18,900)(3,600)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):2,200(33,800)(109,200)(48,800)(16,200)(1,000)
Other comprehensive income (loss)(7,900)46,70027,800(76,900)(121,100)(112,200)
Comprehensive income (loss), net of tax, attributable to parent:(5,700)12,900(81,400)(125,700)(137,300)(113,200)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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