Argo group international holdings, ltd. (ARGO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Premiums and other revenue:
Earned premiums

1,729

1,731

1,572

1,410

1,371

1,338

1,303

1,186

1,082

1,211

1,414

1,127

Net investment income

151

133

140

115

88

106

100

118

125

133

145

150

Fee and other income

9

9

22

24

22

20

-

-

-

-

-

-

Net realized investment (losses) gains:
Net realized investment gains (losses)

120

33

39

26

-

-

-

25

49

36

-16

-35

Change in fair value of equity securities

-40

-105

0

-

-

-

-

-

-

-

-

-

Net realized investment (losses) gains

80

-72

39

-

-

-

-

-

-

-

-

-

Equity Securities F V N I Unrealized Gain Loss

-40

-105

0

0

-

-

-

-

-

-

-

-

Fee income, net

-

-

-

-

-

-

-

-

1

2

1

7

Total revenue

1,969

1,801

1,774

1,576

1,506

1,539

1,475

1,331

1,258

1,384

1,544

1,249

Expenses:
Losses and loss adjustment expenses

1,220

1,040

1,050

810

766

747

742

747

863

777

853

724

Other reinsurance-related expenses

-

-

-

-

-

-

19

27

5

0

0

-

Underwriting, acquisition and insurance expenses

665

654

635

547

536

537

510

464

425

466

521

407

Other corporate expenses

37

0

0

-

-

-

-

-

-

-

-

-

Interest expense

33

31

27

19

19

19

20

23

22

22

25

30

Fee and other expense

5

7

14

22

25

23

-

5

-

-

-

-

Debt extinguishment costs

-

-

-

-

-

-

-

2

0

0

-

-

Foreign currency exchange (gains) loss

9

0

-6

4

18

7

1

-4

-3

3

0

-0

Impairment of goodwill

15

0

0

-

-

-

-

-

-

-

-

-

Fee and other expense, net

-

-

-

-

-

-

4

-

-

-

-

-

Impairment of intangible assets

-

-

-

-

-

3

0

-

-

-

5

0

Total expenses

1,969

1,734

1,734

1,394

1,329

1,323

1,295

1,264

1,320

1,262

1,405

1,163

(Loss) income before income taxes

0

67

39

181

177

216

179

66

-61

121

139

86

Income tax (benefit) provision

8

4

-10

35

14

32

36

14

20

35

23

23

Net (loss) income

-8

63

50

146

163

183

143

52

-81

86

115

62

Net (loss) income per common share:
Basic (in dollars per share)

-0.25

1.87

1.46

4.23

5.31

5.80

4.85

1.86

-2.74

2.93

3.75

2.05

Diluted (in dollars per share)

-0.25

1.83

1.42

4.13

5.20

5.70

4.67

1.83

-2.74

2.90

3.74

2.05

Dividends declared per common share (in dollars per share)

1.24

1.08

0.94

0.75

0.73

0.57

0.54

0.44

0.44

0.48

0.00

0.00

Weighted average common shares:
Basic (in shares)

34

33

34

34

30

31

29

28

29

29

30

30

Diluted (in shares)

34

34

35

35

31

32

30

28

29

29

30

30

Net realized investment gains

-

-

-

36

36

76

79

29

50

37

28

16

Net realized investment gains (losses) before other-than-temporary impairment losses

100

-64

41

-

-

-

-

-

-

-

-

-

Other-than-temporary impairment losses recognized in earnings:
Other-than-temporary impairment losses on fixed maturities

20

6

0

1

2

1

6

1

0

0

-6

-21

Other-than-temporary impairment losses on equity securities

0

0

1

8

9

1

1

2

1

0

-20

-30

Other-than-temporary impairment losses on other invested assets

0

1

0

0

-

-

-

-

-

-

-

-

Impairment losses recognized in earnings

20

7

2

10

11

2

7

3

1

-0

-45

-51

Net realized investment and other gains

-

-

-

-

24

74

71

-

-

-

-

-

Other-than-temporary impairment losses on Funds at Lloyd's foreign currency exchange

-

-

-

-

-

-

-

-

-

-

-

0

Non-credit portion of losses recognized in other comprehensive income

-

-

-

-

-

-

-

-

0

0

0

0

Net realized investment (losses) gains

120

33

39

26

-

-

-

25

49

36

-16

-35