OverviewSuggest Edit

Argo Group International Holdings, Ltd. (NasdaqGS: AGII) is a specialty insurance provider. Our products help power the businesses that drive the world economy. We approach our chosen markets with unmatched expertise, a spirit of innovation and sense of urgency in everything we do. Argo Group provides specialty property & casualty insurance, reinsurance and managed risk solutions.

TypePublic
Founded1986
HQBM
Websiteargolimited.com
Employee Ratings4.1
Overall CultureB+

Latest Updates

Employees (est.) (Dec 2018)1,411(+4%)
Job Openings117
Revenue (FY, 2020)$1.9 B(-3%)
Share Price (Sept 2021)$51.6
Cybersecurity ratingBMore

Key People/Management at Argo Group

Gary V. Woods

Gary V. Woods

Chairman
Sarah Morgan

Sarah Morgan

VP, Property Reinsurance
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Argo Group Office Locations

Argo Group has offices in Hamilton, Addison, Alpharetta, Boston and in 22 other locations
Hamilton, BM
110 Pitts Bay Road
Paris, FR
13-15 Rue Taitbout
Milano, IT
Viale Abruzzi, 94
Roma, IT
Via Guido d'Arezzo, 14
San Ġiljan, MT
Dragonara Road Saint Julian's St Julian's
Baar, CH
Lindenstrasse 2
Show all (31)

Argo Group Financials and Metrics

Argo Group Revenue

Argo Group's revenue was reported to be $1.89 b in FY, 2020
USD

Revenue (Q2, 2021)

547.7m

Net income (Q2, 2021)

69.8m

Market capitalization (15-Sept-2021)

1.8b

Closing stock price (15-Sept-2021)

51.6

Cash (30-Jun-2021)

190.7m

EV

1.8b
Argo Group's current market capitalization is $1.8 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.4b1.3b1.3b1.5b1.5b1.5b1.6b1.8b1.8b2.0b1.9b

Revenue growth, %

(4%)6%

Cost of goods sold

777.5m863.1m747.6m742.0m747.4m

Gross profit

607.0m395.3m588.7m728.2m771.3m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

362.4m333.3m297.2m336.0m303.5m323.1m318.0m344.5m341.6m364.0m364.0m360.1m375.2m372.9m371.4m373.1m372.0m370.1m384.3m416.7m428.1m451.0m439.2m437.0m463.3m498.9m509.2m488.6m487.4m436.5m483.5m523.6m547.7m

Cost of goods sold

215.9m176.9m273.8m191.0m199.6m165.8m175.8m186.3m170.5m192.7m190.9m182.5m185.1m191.9m183.7m190.6m

Gross profit

146.5m156.4m23.4m145.0m103.9m157.3m142.2m158.2m171.1m171.3m173.1m177.6m190.1m181.0m187.7m182.5m

Gross profit Margin, %

40%47%8%43%34%49%45%46%50%47%48%49%51%49%51%49%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

82.6m(82.4m)52.3m143.2m183.2m163.2m146.7m50.3m63.6m(8.4m)(54.1m)

Depreciation and Amortization

32.3m31.9m36.6m39.6m37.2m46.2m35.4m33.8m31.9m27.3m

Cash From Operating Activities

(3.1m)(17.7m)30.5m(200.0k)130.5m282.6m181.4m165.0m301.3m183.3m71.9m

Purchases of PP&E

(14.6m)(16.5m)(34.1m)(26.1m)(39.0m)(18.9m)(32.1m)(30.6m)(29.9m)(20.2m)
USDQ2, 2010

Financial Leverage

4.1 x
Show all financial metrics

Argo Group Operating Metrics

Argo Group's Reported Claims, units was reported to be 20.3 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Reported Claims, units

27.14 k24.68 k20.31 k
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Argo Group Revenue Breakdown

Embed Graph

Argo Group revenue breakdown by business segment: 34.4% from Excess and Surplus Lines, 25.8% from Commercial Specialty, 11.0% from International Specialty, 28.8% from Syndicate 1200 and 0.0% from Other

Argo Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Argo Group Online and Social Media Presence

Embed Graph

Argo Group Company Culture

  • Overall Culture

    B+

    74/100

  • CEO Rating

    A+

    80/100

  • Compensation

    C+

    68/100

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Argo Group News and Updates

Argo Group Blogs

Argo Marine Launches New Digital Portal for Contractors Equipment Coverage

As demand for specialty trade and service contractors continues to rise, the Argo Marine team recognized the opportunity to create an efficient digital portal specifically for brokers to enter submissions for these small to medium risks. Contractors Equipment Express covers a broad range of contract…

Tradesman’s Unconventional Career Path Leads Him to Surety

By the time he finished high school, Neal Lee had attended 12 different schools. College wasn’t an option at that point, so he learned a trade. Taking an unconventional career path, he’s pushed through barriers and found success as a tradesman, CPA, and now VP, Strategic Operations, for Argo Surety.…

Argo Group to Sell Contract Binding P&C Renewal Rights to Mesa Underwriters Specialty Insurance Company

CHICAGO – Aug. 26, 2021 – Argo Group International Holdings Ltd. (NYSE: ARGO), an underwriter of specialty insurance, today announced an agreement to sell the renewal rights of its contract binding property and casualty business to Mesa Underwriters Specialty Insurance Company (MUSIC), the excess an…

5 Common and Costly Wage and Hour Violations

Click on the image above to explore B.A.D. Manufacturing’s facilities and learn about five common wage and hour violations. Warehouse workers, sales reps and truckers alike have sued this fictitious company for lost wages. 1 2 3 4 5 Click on the image above to explore B.A.D. Manufacturing’s faciliti…

Lumber, Labor Shortages Create Construction Risks

Economic slowdowns, such as the one that the world experienced during 2020 due to the COVID-19 pandemic, can have far-reaching and long-lasting effects on every industry. In construction, decreased U.S. lumber mill operations created a supply shortage, and that, coupled with rising demand, has led t…

Argo Group announces Susan Comparato as chief administrative officer and other key leadership roles

Appointments support strategic goals outlined for investors Streamlines management structure and reduces expense HAMILTON, BERMUDA – August 12, 2021 – Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance, today announced several notable leadership appointments …
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Argo Group Frequently Asked Questions

  • When was Argo Group founded?

    Argo Group was founded in 1986.

  • Who are Argo Group key executives?

    Argo Group's key executives are Gary V. Woods and Sarah Morgan.

  • How many employees does Argo Group have?

    Argo Group has 1,411 employees.

  • What is Argo Group revenue?

    Latest Argo Group annual revenue is $1.9 b.

  • What is Argo Group revenue per employee?

    Latest Argo Group revenue per employee is $1.3 m.

  • Who are Argo Group competitors?

    Competitors of Argo Group include Liberty Specialty Markets, Xceedance and Brown & Brown.

  • Where are Argo Group offices?

    Argo Group has offices in Hamilton, Addison, Alpharetta, Boston and in 22 other locations.

  • How many offices does Argo Group have?

    Argo Group has 31 offices.