argo group international holdings, ltd. (nasdaqgs: agii) is an international underwriter of specialty insurance and reinsurance products in areas of the property and casualty market. through its operating subsidiaries, argo group offers a comprehensive line of high-quality products and services designed to meet the unique coverage and claims-handling needs of its clients in four business segments. excess & surplus lines focuses on risks that the standard (admitted) market is unwilling or unable to underwrite because of the nature of their businesses, their particular risk exposures or their loss histories. commercial specialty provides standard-market property and casualty insurance and surety coverages to highly specialized commercial and public entities. our international specialty segment writes both insurance and reinsurance business worldwide through the broker market, with offerings including specialty property catastrophe reinsurance along with excess casualty and professional
Company profile
Ticker
ARGO, ARGO-PA, ARGD
Exchange
Website
CEO
Kevin Rehnberg
Employees
Location
Fiscal year end
Industry (SIC)
Former names
Argo Group International Holdings, Ltd., PXRE GROUP LTD
SEC CIK
Corporate docs
Subsidiaries
Argo Re Ltd. • Argo Insurance Services Bermuda, Ltd. • Argo Irish Holdings I Ltd. • Argo Irish Holdings • Argo Re Escritório de Representação no Brasil Ltda. • PXRE Reinsurance (Barbados), Ltd. • ArgoGlobal Underwriting (Dubai) Limited • Argo International Holdings Limited • Argo Underwriting Agency Limited • Argo Management Services Ltd ...
IRS number
980214719
ARGO stock data
Latest filings (excl ownership)
8-K
Material Modifications to Rights of Security Holders
1 Dec 23
15-12G
Securities registration termination
27 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Nov 23
25-NSE
Exchange delisting
16 Nov 23
8-K
Brookfield Reinsurance Completes $1.1 Billion Acquisition of Argo Group
16 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
Transcripts
ARGO
Earnings call transcript
2022 Q3
12 Nov 22
ARGO
Earnings call transcript
2022 Q3
8 Nov 22
ARGO
Earnings call transcript
2022 Q2
13 Aug 22
ARGO
Earnings call transcript
2022 Q1
3 May 22
ARGO
Earnings call transcript
2021 Q4
23 Feb 22
ARGO
Earnings call transcript
2021 Q3
3 Nov 21
ARGO
Earnings call transcript
2021 Q2
3 Aug 21
ARGO
Earnings call transcript
2021 Q1
9 May 21
ARGO
Earnings call transcript
2021 Q1
4 May 21
ARGO
Earnings call transcript
2020 Q4
18 Feb 21
Latest ownership filings
3
GREGORY E A MORRISON
24 Nov 23
3
Gregory Noel McConnie
24 Nov 23
3
Seamus Michael MacLoughlin
24 Nov 23
3
Christopher Caldwell Donahue
24 Nov 23
4
BERNARD C BAILEY
16 Nov 23
4
Al Noor Ramji
16 Nov 23
4
Carol A. McFate
16 Nov 23
4
Dymphna Lehane
16 Nov 23
4
SAMUEL G LISS
16 Nov 23
4
Allison Kiene
16 Nov 23
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 64.20 mm | 64.20 mm | 64.20 mm | 64.20 mm | 64.20 mm | 64.20 mm |
| Cash burn (monthly) | (no burn) | 2.93 mm | 9.77 mm | 17.79 mm | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 6.81 mm | 22.67 mm | 41.29 mm | n/a | n/a |
| Cash remaining | n/a | 57.39 mm | 41.53 mm | 22.91 mm | n/a | n/a |
| Runway (months of cash) | n/a | 19.6 | 4.3 | 1.3 | n/a | n/a |
Institutional ownership, Q3 2023
97.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 139 |
| Opened positions | 14 |
| Closed positions | 18 |
| Increased positions | 53 |
| Reduced positions | 44 |
| 13F shares | Current |
|---|---|
| Total value | 1.01 tn |
| Total shares | 34.23 mm |
| Total puts | 0.00 |
| Total calls | 38.82 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| FourWorld Capital Management | 5.50 mm | $164.18 bn |
| Vanguard | 3.66 mm | $109.25 bn |
| BLK Blackrock | 2.63 mm | $78.46 bn |
| FIL | 1.76 mm | $52.41 bn |
| Dimensional Fund Advisors | 1.37 mm | $40.87 bn |
| Vivaldi Asset Management | 1.31 mm | $39.05 bn |
| Glazer Capital | 1.27 mm | $37.82 bn |
| Kempen Capital Management | 972.61 k | $29.02 bn |
| Highland Capital Management Fund Advisors | 938.34 k | $28.00 bn |
| GS Goldman Sachs | 895.18 k | $26.71 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Nov 23 | Bradley Thomas A | Common Stock | Sale back to company | Dispose D | No | No | 30 | 68,740 | 2.06 mm | 0 |
| 16 Nov 23 | Jessica E. Snyder | Common Stock | Sale back to company | Dispose D | No | No | 30 | 18,820 | 564.60 k | 0 |
| 16 Nov 23 | Scott Kirk | Common Stock | Sale back to company | Dispose D | No | No | 30 | 27,603 | 828.09 k | 0 |
| 16 Nov 23 | Susan Comparato | Common Stock | Sale back to company | Dispose D | No | No | 30 | 11,703 | 351.09 k | 0 |
| 16 Nov 23 | Allison Kiene | Common Stock | Sale back to company | Dispose D | No | No | 30 | 10,039 | 301.17 k | 0 |