Argo Group International Holdings, Ltd. (ARGO) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments626622545492333357509
Cash and cash equivalents1451391778612281157
Short-term investments481482369406211276352
Receivables  31120 
Total current assets:626622548492344357509
Noncurrent Assets
Operating lease, right-of-use asset109
Property, plant and equipment 15515114213310379
Intangible assets, net (including goodwill)269271258220226231240
Goodwill177177161152152152154
Intangible assets, net (excluding goodwill)92949768737986
Regulated entity, other noncurrent assets4444   
Total noncurrent assets:382429413366359334319
Other undisclosed assets9,4388,5077,8036,3475,9275,6665,763
TOTAL ASSETS:10,4469,5588,7647,2056,6306,3566,591
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      5
Taxes payable      5
Deferred tax liabilities  1128 
Total current liabilities:   11285
Noncurrent Liabilities
Long-term debt and lease obligation 585955556166
Long-term debt, excluding current maturities 585955556166
Total noncurrent liabilities: 585955556166
Other undisclosed liabilities8,5527,7546,8855,3574,9074,6214,957
Total liabilities:8,5527,8126,9445,4124,9624,7105,028
Stockholders' equity
Stockholders' equity attributable to parent1,8931,7471,8201,7931,6681,6471,563
Common stock46454040373434
Treasury stock, value(455)(455)(423)(378)(331)(301)(251)
Additional paid in capital1,3731,3721,1291,123965836827
Accumulated other comprehensive income (loss)5(78)974812108148
Retained earnings925863977960986969804
Total stockholders' equity:1,8931,7471,8201,7931,6681,6471,563
TOTAL LIABILITIES AND EQUITY:10,4469,5588,7647,2056,6306,3566,591

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,8881,8021,7741,5771,4851,5191,470
Revenue, net    1,470
Premiums earned, net883 
Financial services revenue8731,7321,5721,4111,3721,3381,299
Cost of revenue     (747)(742)
Financial services costs   (747)(742)
Gross profit:1,8881,8021,7741,5771,485771728
Operating expenses(371)(352)(359)(292) (819)(312)
Operating income (loss):1,5171,4501,4151,2841,485(48)416
Nonoperating income (expense)40(6)518(20)80
Investment income, nonoperating     (28)78
Foreign currency transaction gain (loss), before tax40(6)51882
Interest and debt expense(34)(32)(28)(20)(19)(20)(20)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     303(296)
Income from continuing operations before equity method investments, income taxes:1,4871,4191,3811,2691,484216180
Other undisclosed loss from continuing operations before income taxes(1,443)(1,351)(1,341)(1,087)(1,306) (31)
Income from continuing operations before income taxes:446840182178216149
Income tax expense (benefit)8(4)10(35)(14)(33)(37)
Net income:516450147163183112
Other undisclosed net income attributable to parent      31
Net income available to common stockholders, diluted:516450147163183143

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:516450147163183112
Other comprehensive income (loss)63(78)4936(97)(40)(42)
Comprehensive income (loss):114(14)991836714471
Other undisclosed comprehensive income, net of tax, attributable to parent      31
Comprehensive income (loss), net of tax, attributable to parent:114(14)9918367144102

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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