Argo Group International Holdings, Ltd.

NYSE:ARGO Stock Report

Market Cap: US$1.1b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Argo Group International Holdings Management

Management criteria checks 2/4

Argo Group International Holdings' CEO is Tom Bradley, appointed in Mar 2022, has a tenure of 1.67 years. total yearly compensation is $5.87M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 0.2% of the company’s shares, worth $2.06M. The average tenure of the management team and the board of directors is 2.5 years and 5 years respectively.

Key information

Tom Bradley

Chief executive officer

US$5.9m

Total compensation

CEO salary percentage16.66%
CEO tenure1.7yrs
CEO ownership0.2%
Management average tenure2.5yrs
Board average tenure5yrs

Recent management updates

Analysis Article • Dec 22

Need To Know: Argo Group International Holdings, Ltd. (NYSE:ARGO) Insiders Have Been Buying Shares

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

Recent updates

Seeking Alpha • Feb 08

Argo Group trades higher on proposed acquisition by Brookfield Reinsurance

Argo Group International Holdings (NYSE:ARGO) shares were trading ~6% up pre-market on a proposed acquisition by Brookfield Reinsurance (NYSE:BNRE). BNRE is set to acquire Argo in an all-cash transaction valued at ~$1.1B. Each issued and outstanding Argo share will be converted into a right to receive $30 in cash at the close of the merger. The transaction will be funded with existing cash on hand and liquidity available to Brookfield Reinsurance. The consideration per Argo share represents a 6.7% premium to the company's Feb. 7 closing share price. The boards of both the companies have approved the merger agreement. The merger is expected to close in H1. In connection with the merger, Argo has agreed to suspend any dividend payment on its shares. Source: Press Release
Seeking Alpha • Jan 12

Arch Capital enters auction for Argo Group - report

Arch Capital (NASDAQ:ACGL) has entered into a sales process for Argo Group's (NYSE:ARGO). Arch Capital (ACGL) is said to have made a late entry for a potential purchase of insurer Argo (ARGO) as the "thinly contested process struggles to reach a conclusion," according to an Inside P&C report from Thursday. The report also said talks with Core Specialty and Enstar (ESGR) "grind on." Argo (ARGO) fell 6.7% on low volume in early trading on Thursday. The update comes after Insurance Insider in September said that Argo (ARGO) is said to have restarted a sales process. Argo's adviser Goldman Sachs is said to have approached potential buyers about their interest. In April Argo said its board had started an exploration of strategic alternatives, including a potential sale or merger.
Analysis Article • Nov 21

Argo Group International Holdings (NYSE:ARGO) Will Pay A Dividend Of $0.31

Argo Group International Holdings, Ltd. ( NYSE:ARGO ) will pay a dividend of $0.31 on the 15th of December. The...
Analysis Article • Nov 07

Argo Group International Holdings (NYSE:ARGO) Has Announced A Dividend Of $0.31

Argo Group International Holdings, Ltd.'s ( NYSE:ARGO ) investors are due to receive a payment of $0.31 per share on...
Seeking Alpha • Nov 04

Argo Group International declares $0.31 dividend

Argo Group International (NYSE:ARGO) declares $0.31/share quarterly dividend, in line with previous. Forward yield 5.18% Payable Dec. 15; for shareholders of record Nov. 30; ex-div Nov. 29. See ARGO Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 13

Argo Group gains on report of restarted sales process

Insurance company Argo Group (NYSE:ARGO) rose 2.7% on a report that it's restarted a sales process. Argo's (ARGO) adviser Goldman Sachs is said to have approached potential buyers about their interest, according to an Insurance Insider report. Recall in April Argo said its board had started an exploration of strategic alternatives, including a potential sale or merger. Developing story ...
Seeking Alpha • Aug 29

Argo Group International goes ex-dividend tomorrow

Argo Group International (NYSE:ARGO) had declared $0.31/share quarterly dividend, in line with previous. Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30. See ARGO Dividend Scorecard, Yield Chart, & Dividend Growth.
Analysis Article • Aug 25

Argo Group International Holdings (NYSE:ARGO) Is Due To Pay A Dividend Of $0.31

Argo Group International Holdings, Ltd.'s ( NYSE:ARGO ) investors are due to receive a payment of $0.31 per share on...
Analysis Article • Aug 11

Argo Group International Holdings (NYSE:ARGO) Is Paying Out A Dividend Of $0.31

Argo Group International Holdings, Ltd. ( NYSE:ARGO ) has announced that it will pay a dividend of $0.31 per share on...
Seeking Alpha • Aug 05

Argo Group International declares $0.31 dividend

Argo Group International (NYSE:ARGO) declares $0.31/share quarterly dividend, in line with previous. Forward yield 3.92% Payable Sept. 15; for shareholders of record Aug. 31; ex-div Aug. 30.
Seeking Alpha • Mar 10

Argo Group Has To Rebuild Confidence After Renewed Concerns About Underwriting And Reserves

Sizable adverse reserve developments in the fourth quarter not only hit reported results but seriously damaged investor confidence in the turnaround story. A significant portion of the developments was tied to discontinued or rehabilitated business lines, but underwriting problems are seldom a one-off event and it will take time to rebuild confidence. Management continues to execute on a cogent turnaround plan, with real progress on the expense side, but the end-markets are likely to get less accommodating. If Argo can generate long-term core earnings growth in the high-single digits, without further significant adverse developments, the shares offer solid upside, but it's going to take time.
Analysis Article • Feb 24

Argo Group International Holdings' (NYSE:ARGO) Dividend Will Be US$0.31

Argo Group International Holdings, Ltd. ( NYSE:ARGO ) will pay a dividend of US$0.31 on the 15th of March. The dividend...
Seeking Alpha • Aug 14

Argo Group: Strategic Repositioning Coming Along, Shares Still Undervalued

Argo announced better than expected second quarter results; while the majority of the earnings beat was driven by the investment portfolio, underwriting income was still better than expected. Argo is leaning into a hard market, using strong rates to write E&S business in its new core markets like professional lines, casualty, construction, and surety. Argo may not return to double-digit ROEs until 2023 or 2024, which is a negative for sentiment, but the underwriting profitability of the new U.S. core operations is attractive. Long-term core earnings growth of around 9% and a 10% ROE in 2023 can both support a fair value in the low $60s today and longer-term annualized returns in the double digits.
Analysis Article • Jan 28

Argo Group International Holdings'(NYSE:ARGO) Share Price Is Down 34% Over The Past Year.

While it may not be enough for some shareholders, we think it is good to see the Argo Group International Holdings...
Analysis Article • Dec 22

Need To Know: Argo Group International Holdings, Ltd. (NYSE:ARGO) Insiders Have Been Buying Shares

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

CEO Compensation Analysis

How has Tom Bradley's remuneration changed compared to Argo Group International Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-US$198m

Jun 30 2023n/an/a

-US$200m

Mar 31 2023n/an/a

-US$218m

Dec 31 2022US$6mUS$978k

-US$186m

Sep 30 2022n/an/a

-US$192m

Jun 30 2022n/an/a

-US$121m

Mar 31 2022n/an/a

-US$35m

Dec 31 2021US$327kn/a

-US$4m

Sep 30 2021n/an/a

US$111m

Jun 30 2021n/an/a

US$66m

Mar 31 2021n/an/a

-US$7m

Dec 31 2020US$316kn/a

-US$59m

Sep 30 2020n/an/a

-US$164m

Jun 30 2020n/an/a

-US$164m

Mar 31 2020n/an/a

-US$130m

Dec 31 2019US$265kn/a

-US$14m

Sep 30 2019n/an/a

US$51m

Jun 30 2019n/an/a

US$117m

Mar 31 2019n/an/a

US$130m

Dec 31 2018US$114kn/a

US$57m

Compensation vs Market: Tom's total compensation ($USD5.87M) is above average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.

CEO

Tom Bradley (66 yo)

1.7yrs
Tenure
US$5,874,667
Compensation

Mr. Thomas Andrew Bradley, also known as Tom, and serves as Director of Argo Group International Holdings, Ltd. since August 06, 2018 and serves as its Executive Chairman & Chief Executive Officer since Ju...

Leadership Team

NamePositionTenureCompensationOwnership
Thomas Bradley
CEO & Executive Chairman1.7yrsUS$5.87m0.20%
$ 2.1m
Scott Kirk
Chief Financial Officer2.7yrsUS$3.69m0.016%
$ 168.1k
Susan Comparato
Chief Administrative Officer2.3yrsUS$1.97m0.015%
$ 162.6k
Allison Kiene
General Counsel & Secretary3.1yrsUS$2.74m0.010%
$ 106.5k
Jessica Snyder
President of U.S. Insurance1.3yrsUS$1.73m0.051%
$ 536.8k
Mark Rose
Chief Investment Officerno datano datano data
David Chan
Chief Accounting Officer1.8yrsno datano data
Gregory Charpentier
AVP of Investor Relations & Corporate Financeno datano datano data
Andrew Hersom
Head of Investor Relationsno datano datano data
David Snowden
Senior Vice President of Group Communicationsno datano datano data
Gary Grose
President of Commercial Specialty & Executive VP of Group Producer Management4.1yrsno datano data
William Wharton
Head of Argo Insurance Bermuda4.8yrsno datano data
2.5yrs
Average Tenure
54yo
Average Age

Experienced Management: ARGO's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Thomas Bradley
CEO & Executive Chairman5.3yrsUS$5.87m0.20%
$ 2.1m
Carol McFate
Independent Director3.8yrsUS$264.97k0.026%
$ 272.3k
Bernard Bailey
Lead Independent Director3.6yrsUS$309.19k0.026%
$ 274.7k
Samuel Liss
Independent Director4.8yrsUS$279.97k0.044%
$ 460.6k
Al-Noor Gulamali Abdulla Ramji
Independent Director6.8yrsUS$258.97k0.029%
$ 305.5k
Dymphna Lehane
Independent Director6.8yrsUS$380.40k0.030%
$ 316.8k
5.0yrs
Average Tenure
67.5yo
Average Age

Experienced Board: ARGO's board of directors are considered experienced (5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/11/17 06:11
End of Day Share Price 2023/11/15 00:00
Earnings2023/09/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Argo Group International Holdings, Ltd. is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew CarlettiCitizens JMP Securities, LLC
Casey AlexanderCompass Point Research & Trading, LLC
Bijan MoazamiGuggenheim Securities, LLC