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 millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments544858868983622545
Cash and cash equivalents 50146149138139177
Short-term investments494712719845482369
Receivables      3
Total current assets:544858868983622548
Noncurrent Assets
Operating lease, right-of-use asset58818292
Property, plant and equipment 4468130140155151
Intangible assets, net (including goodwill)119165208253271258
Goodwill119147147161177161
Intangible assets, net (excluding goodwill)  1761929497
Regulated entity, other noncurrent assets 344444
Deferred income tax assets1017417 
Total noncurrent assets:324391441489429413
Other undisclosed assets9,1669,0699,1579,0438,5077,803
TOTAL ASSETS:10,03410,31810,46610,5159,5588,764
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation 555761565859
Long-term debt, excluding current maturities 555761565859
Total noncurrent liabilities: 555761565859
Other undisclosed liabilities8,7478,5268,5478,6777,7546,885
Total liabilities:8,8028,5838,6088,7337,8126,944
Equity
Equity, attributable to parent1,2331,7351,8581,7811,7471,820
Preferred stock144144144   
Common stock464646464540
Treasury stock, value(455)(455)(455)(455)(455)(423)
Additional paid in capital1,3951,3861,3801,3771,3721,129
Accumulated other comprehensive income (loss)(305)(23)593(78)97
Retained earnings407636684811863977
Total equity:1,2331,7351,8581,7811,7471,820
TOTAL LIABILITIES AND EQUITY:10,03410,31810,46610,5159,5588,764

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,7552,1301,8941,9701,8021,774
Premiums earned, net1,7401,9101,7811,730 
Financial services revenue1,7321,572
Gross profit:1,7552,1301,8941,9701,8021,774
Operating expenses(430)(472)(391)(395)(352)(359)
Operating income:1,3251,6591,5031,5751,4501,415
Nonoperating income (expense)(47)(45)(21)(28)0(6)
Gain (loss), foreign currency transaction, before tax5(2)(15)100(6)
Other nonoperating expense(52)(44)(6)(38)  
Interest and debt expense(27)(22)(27)(34)(32)(28)
Income from continuing operations before equity method investments, income taxes:1,2521,5921,4551,5131,4191,381
Other undisclosed loss from continuing operations before income taxes(1,435)(1,586)(1,501)(1,513)(1,351)(1,341)
Income (loss) from continuing operations before income taxes:(183)5(46)06840
Income tax expense (benefit)81(8)(9)(4)10
Income (loss) from continuing operations:(175)7(54)(8)6450
Income (loss) before gain (loss) on sale of properties:7(54)(8)6450
Net income (loss) attributable to parent:(175)7(54)(8)6450
Preferred stock dividends and other adjustments(11)(11)(5)   
Net income (loss) available to common stockholders, diluted:(186)(4)(59)(8)6450

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(175)7(54)(8)6450
Other comprehensive income (loss)(282)(81)5081(78)49
Comprehensive income (loss), net of tax, attributable to parent:(458)(75)(4)73(14)99

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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