Argo Group International Holdings, Ltd. (ARGO) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments858868983622545492333
Cash and cash equivalents14614913813917786122
Short-term investments712719845482369406211
Receivables    3112
Total current assets:858868983622548492344
Noncurrent Assets
Operating lease, right-of-use asset818292
Property, plant and equipment68130140155151142133
Intangible assets, net (including goodwill)165208253271258220226
Goodwill147147161177161152152
Intangible assets, net (excluding goodwill)17619294976873
Regulated entity, other noncurrent assets444444 
Deferred income tax assets7417 
Total noncurrent assets:391441489429413366359
Other undisclosed assets9,0699,1579,0438,5077,8036,3475,927
TOTAL ASSETS:10,31810,46610,5159,5588,7647,2056,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred tax liabilities  11
Total current liabilities:     11
Noncurrent Liabilities
Long-term debt and lease obligation57615658595555
Long-term debt, excluding current maturities57615658595555
Total noncurrent liabilities:57615658595555
Other undisclosed liabilities8,5268,5478,6777,7546,8855,3574,907
Total liabilities:8,5838,6088,7337,8126,9445,4124,962
Stockholders' equity
Stockholders' equity attributable to parent1,7351,8581,7811,7471,8201,7931,668
Preferred stock144144     
Common stock46464645404037
Treasury stock, value(455)(455)(455)(455)(423)(378)(331)
Additional paid in capital1,3861,3801,3771,3721,1291,123965
Accumulated other comprehensive income (loss)(23)593(78)974812
Retained earnings636684811863977960986
Total stockholders' equity:1,7351,8581,7811,7471,8201,7931,668
TOTAL LIABILITIES AND EQUITY:10,31810,46610,5159,5588,7647,2056,630

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,1301,8941,9701,8021,7741,5771,485
Premiums earned, net1,9101,7811,730 
Financial services revenue1,7321,5721,4111,372
Gross profit:2,1301,8941,9701,8021,7741,5771,485
Operating expenses(472)(391)(395)(352)(359)(292) 
Operating income:1,6591,5031,5751,4501,4151,2841,485
Nonoperating income (expense)(45)(21)(28)0(6)518
Foreign currency transaction gain (loss), before tax(2)(15)100(6)518
Other nonoperating expense(44)(6)(38)    
Interest and debt expense(22)(27)(34)(32)(28)(20)(19)
Income from continuing operations before equity method investments, income taxes:1,5921,4551,5131,4191,3811,2691,484
Other undisclosed loss from continuing operations before income taxes(1,586)(1,501)(1,513)(1,351)(1,341)(1,087)(1,306)
Income (loss) from continuing operations before income taxes:5(46)06840182178
Income tax expense (benefit)1(8)(9)(4)10(35)(14)
Net income (loss) attributable to parent:7(54)(8)6450147163
Preferred stock dividends and other adjustments(11)(5)     
Net income (loss) available to common stockholders, diluted:(4)(59)(8)6450147163

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):7(54)(8)6450147163
Other comprehensive income (loss)(81)5081(78)4936(97)
Comprehensive income (loss), net of tax, attributable to parent:(75)(4)73(14)9918367

Statements sources

The financial statements are based on the company's filings with the 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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