Argo group international holdings, ltd. (ARGO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Investments:
Fixed maturities available-for-sale, at fair value (cost: 2020 - $3,634.4, 2019 - $3,605.0; allowance for expected credit losses: 2020 - $31.6)

3,523

3,633

3,745

3,533

3,573

3,460

3,456

3,301

3,291

3,343

3,378

3,276

3,035

2,932

3,044

2,892

2,907

2,927

2,822

2,764

2,788

2,840

2,840

2,818

2,801

2,814

2,811

2,794

2,972

3,154

3,157

3,067

3,160

3,215

3,259

3,312

3,292

3,361

3,508

3,546

3,529

Equity securities, at fair value (cost: 2020 - $170.6; 2019 - $122.8)

132

124

400

421

403

354

486

492

476

487

480

442

447

447

453

454

430

463

466

486

483

503

511

521

530

534

580

599

609

521

533

494

491

403

353

375

336

324

249

229

265

Trading (cost: 2010 - $0; 2009 - $2.2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

Other investments (cost: 2020 - $422.5; 2019 - $482.5)

422

496

500

509

483

489

487

525

523

543

562

539

555

535

526

585

523

513

500

508

520

495

403

395

403

378

371

311

317

291

283

270

256

232

214

226

164

154

139

121

97

Short-term Investments

732

845

480

414

443

482

434

449

542

368

386

365

527

405

289

225

266

210

344

322

271

258

356

312

382

351

286

279

234

234

370

293

280

294

354

384

391

375

443

359

439

Total investments

4,811

5,099

5,127

4,877

4,903

4,787

4,864

4,768

4,833

4,742

4,807

4,624

4,565

4,320

4,313

4,158

4,127

4,115

4,133

4,082

4,064

4,097

4,111

4,047

4,118

4,079

4,050

3,985

4,133

4,200

4,344

4,126

4,188

4,145

4,180

4,298

4,184

4,215

4,340

4,256

4,334

Cash

158

137

145

182

152

139

118

126

173

176

235

214

190

86

123

120

122

121

96

106

89

81

73

136

149

157

141

102

91

95

142

75

89

102

119

49

105

83

66

69

18

Accrued investment income

23

25

27

26

27

27

26

24

24

23

23

23

21

20

21

20

21

21

21

20

20

22

22

23

25

25

25

27

26

30

28

30

30

32

31

32

31

33

31

34

30

Premiums receivable

739

688

740

728

673

649

708

698

699

598

678

672

657

463

503

511

448

404

437

448

371

353

396

429

371

348

426

448

365

361

402

415

329

309

343

350

291

301

366

379

380

Reinsurance recoverables

2,820

3,104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance recoverables

-

-

2,873

2,769

2,661

2,688

2,208

2,131

2,087

2,093

2,101

1,519

1,427

1,385

1,283

1,205

1,151

1,121

1,067

1,019

987

997

1,002

1,008

978

1,263

1,257

1,249

1,240

1,320

1,016

992

988

1,144

1,107

1,083

1,058

1,204

1,195

1,198

1,379

Goodwill

161

161

177

177

177

177

161

161

161

161

152

152

152

152

152

152

152

152

152

152

152

152

153

153

153

153

153

153

153

153

153

153

153

153

153

153

153

153

152

152

152

Intangible assets, net of accumulated amortization

91

91

92

92

93

93

110

111

107

96

108

108

107

67

68

70

71

73

74

76

78

78

81

83

84

86

87

88

90

91

88

90

91

93

92

93

94

95

93

94

96

Deferred tax asset, net

44

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current income taxes receivable, net

-

-

0

3

5

8

0

0

0

1

-

-

-

0

0

2

9

11

17

6

4

14

30

8

10

-

15

8

13

12

21

21

16

11

14

13

11

4

3

1

7

Deferred tax asset, net

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6

Deferred acquisition costs, net

158

160

159

163

167

167

174

161

163

160

168

162

155

139

147

144

136

132

141

139

129

124

130

126

117

113

115

111

100

99

107

104

101

101

136

135

133

114

160

166

185

Ceded unearned premiums

652

545

603

593

562

457

515

493

501

399

461

436

438

302

311

312

308

250

262

261

256

207

227

244

251

196

231

239

230

193

213

214

219

179

227

195

164

164

183

194

197

Operating lease right-of-use assets

89

91

108

112

115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

435

387

390

438

415

362

391

427

388

309

319

326

303

266

255

262

271

220

225

230

222

226

160

160

170

166

147

159

155

129

129

120

130

105

95

107

107

93

82

82

106

Assets held for sale

15

15

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

10,201

10,514

10,445

10,166

9,954

9,558

9,279

9,105

9,141

8,764

9,058

8,240

8,019

7,205

7,181

6,960

6,819

6,625

6,627

6,544

6,377

6,356

6,388

6,421

6,431

6,591

6,650

6,575

6,602

6,688

6,649

6,347

6,339

6,378

6,502

6,513

6,335

6,463

6,676

6,629

6,896

Liabilities and Shareholders' Equity
Reserves for losses and loss adjustment expenses

5,067

5,157

4,842

4,735

4,668

4,654

4,291

4,242

4,283

4,201

4,305

3,632

3,580

3,350

3,284

3,181

3,141

3,123

3,104

3,078

3,035

3,042

3,062

3,067

3,042

3,230

3,222

3,233

3,205

3,223

3,227

3,223

3,267

3,291

3,349

3,356

3,349

3,152

3,230

3,214

3,203

Unearned premiums

1,460

1,410

1,495

1,404

1,344

1,300

1,387

1,283

1,270

1,207

1,286

1,176

1,130

970

1,010

956

907

886

932

896

826

817

865

841

786

779

847

809

737

730

787

730

662

658

723

664

637

654

749

753

803

Accrued underwriting expenses and other liabilities

185

226

283

279

248

261

122

116

113

115

97

116

121

115

103

104

121

133

131

118

125

143

130

123

128

122

126

123

115

105

96

83

83

78

87

77

67

84

82

75

100

Ceded reinsurance payable, net

1,094

1,203

1,175

1,052

1,047

970

885

816

865

734

822

704

611

466

452

432

410

312

286

261

207

178

200

238

354

354

412

420

475

612

368

351

336

424

429

397

316

524

486

493

707

Funds held

60

50

36

35

36

37

38

40

47

42

45

40

40

77

65

96

87

77

80

58

52

55

37

27

37

43

44

32

37

33

29

26

33

35

34

31

35

33

34

31

38

Senior unsecured fixed rate notes

140

140

139

139

139

139

139

139

139

139

139

139

139

139

139

139

139

139

143

143

143

143

143

143

143

143

143

143

143

143

143

-

-

0

-

-

-

-

-

-

-

Borrowing under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

Other indebtedness

180

181

181

182

183

183

183

184

186

184

184

182

180

55

57

57

56

55

57

56

57

62

64

66

66

66

64

64

64

63

64

62

64

65

66

68

67

65

62

59

69

Junior subordinated debentures

257

257

257

257

257

257

256

256

256

256

256

256

256

172

172

172

172

172

172

172

172

172

172

193

193

193

193

193

193

193

311

311

311

311

311

311

311

311

311

311

311

Current income taxes payable, net

17

0

-

-

-

0

8

13

2

-

11

13

8

8

7

-

-

0

-

-

-

-

0

0

0

5

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities, net

-

-

19

25

20

6

14

15

21

31

41

38

43

24

40

45

31

23

33

41

53

53

55

46

34

28

30

29

57

43

49

33

36

18

9

19

6

2

22

5

0

Operating lease liabilities

101

105

120

125

128

-

132

199

167

31

59

49

73

33

58

34

45

32

43

46

38

41

27

39

49

60

38

34

26

25

29

31

39

31

24

39

24

27

20

42

47

Total liabilities

8,564

8,733

8,552

8,237

8,073

7,811

7,461

7,308

7,353

6,944

7,250

6,349

6,184

5,412

5,392

5,220

5,114

4,957

4,986

4,875

4,714

4,709

4,761

4,788

4,836

5,028

5,123

5,084

5,055

5,174

5,107

4,853

4,833

4,915

5,036

4,965

4,815

4,854

5,000

5,001

5,281

Commitments and contingencies (Note 14)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shareholders' equity:
Common shares - $1.00 par, 500,000,000 shares authorized; 45,867,812 and 45,698,470 shares issued at March 31, 2020 and December 31, 2019, respectively

45

45

45

45

45

45

45

45

44

40

40

40

40

40

40

39

37

37

37

37

36

34

34

34

34

34

34

34

31

31

31

31

31

31

31

31

31

31

31

31

31

Additional paid-in capital

1,374

1,376

1,373

1,369

1,374

1,372

1,368

1,365

1,364

1,129

1,129

1,125

1,122

1,123

1,119

1,117

970

964

961

960

960

836

834

832

829

827

825

823

725

722

721

719

718

716

715

714

713

711

707

706

702

Treasury shares (11,315,889 shares at March 31, 2020 and December 31, 2019, respectively)

455

455

455

455

455

455

453

443

442

423

414

381

378

378

376

371

350

331

331

326

319

301

292

282

258

250

244

235

217

205

198

188

170

160

148

131

128

111

75

41

5

Retained earnings

773

811

925

959

943

862

915

884

851

977

956

1,026

988

959

933

885

1,007

985

950

920

898

969

914

874

840

804

760

733

804

776

783

773

752

736

753

769

749

831

838

818

779

Accumulated other comprehensive (loss) income, net of taxes

-101

2

4

8

-27

-78

-58

-53

-32

96

97

80

61

47

71

69

40

11

23

77

86

108

136

174

148

147

151

135

202

189

204

157

175

139

114

165

155

147

173

113

107

Total shareholders' equity

1,636

1,781

1,893

1,929

1,880

1,746

1,818

1,797

1,787

1,819

1,808

1,891

1,834

1,792

1,788

1,740

1,705

1,668

1,641

1,668

1,662

1,646

1,626

1,633

1,594

1,563

1,527

1,491

1,546

1,514

1,541

1,493

1,506

1,463

1,466

1,548

1,520

1,609

1,675

1,627

1,614

Total liabilities and shareholders' equity

10,201

10,514

10,445

10,166

9,954

9,558

9,279

9,105

9,141

8,764

9,058

8,240

8,019

7,205

7,181

6,960

6,819

6,625

6,627

6,544

6,377

6,356

6,388

6,421

6,431

6,591

6,650

6,575

6,602

6,688

6,649

6,347

6,339

6,378

6,502

6,513

6,335

6,463

6,676

6,629

6,896