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 Past Earnings Performance

Past criteria checks 0/6

Argo Group International Holdings's earnings have been declining at an average annual rate of -51%, while the Insurance industry saw earnings growing at 9% annually. Revenues have been declining at an average rate of 1.4% per year.

Key information

-50.97%

Earnings growth rate

-50.85%

EPS growth rate

Insurance Industry Growth8.02%
Revenue growth rate-1.44%
Return on equity-16.02%
Net Margin-12.97%
Last Earnings Update30 Sep 2023

Recent past performance updates

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...

Revenue & Expenses Breakdown

How Argo Group International Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:ARGO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 231,528-19800
30 Jun 231,594-20000
31 Mar 231,673-21800
31 Dec 221,755-18600
30 Sep 221,902-19200
30 Jun 221,986-12100
31 Mar 222,091-3500
31 Dec 212,130-400
30 Sep 212,12011100
30 Jun 212,0746600
31 Mar 211,979-700
31 Dec 201,890-5900
30 Sep 201,854-1641100
30 Jun 201,859-1641910
31 Mar 201,895-1302900
31 Dec 191,961-1400
30 Sep 191,888513590
30 Jun 191,8991173610
31 Mar 191,8741303530
31 Dec 181,801573520
30 Sep 181,8551363540
30 Jun 181,795343610
31 Mar 181,783383580
31 Dec 171,774503590
30 Sep 171,720543410
30 Jun 171,6981713270
31 Mar 171,6191563100
31 Dec 161,5771472920
30 Sep 161,5291552910
30 Jun 161,4931352850
31 Mar 161,5081322930
31 Dec 151,4911632960
30 Sep 151,4961822980
30 Jun 151,4931912980
31 Mar 151,4762022920
31 Dec 141,4901832860
30 Sep 141,5131712840
30 Jun 141,4971582800
31 Mar 141,4941512730
31 Dec 131,4781432730
30 Sep 131,422912670
30 Jun 131,405732610
31 Mar 131,356652560
31 Dec 121,331522480

Quality Earnings: ARGO is currently unprofitable.

Growing Profit Margin: ARGO is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ARGO is unprofitable, and losses have increased over the past 5 years at a rate of 51% per year.

Accelerating Growth: Unable to compare ARGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ARGO is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (14.6%).

Return on Equity

High ROE: ARGO has a negative Return on Equity (-16.02%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/11/17 01:03
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