ARGO GROUP INTERNATIONAL HOLDINGS, LTD. ARGO Income Statement

Argo group international holdings, ltd. (ARGO)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Premiums and other revenue:
Earned premiums
1,744	1,729	1,756	1,751	1,737	1,731	1,683	1,626	1,607	1,572	1,530	1,499	1,445	1,410	1,393	1,381	1,382	1,371	1,365	1,356	1,347	1,338	1,341	1,333	1,325	1,303	1,276	1,250	1,213	1,186	1,149	1,116	1,097	1,082	1,078	1,096	1,149	1,211	1,284	1,367	0	0	0
Net investment income
152	151	146	140	131	133	138	135	145	140	130	132	124	115	109	95	84	88	109	112	108	106	87	90	95	100	105	110	115	118	119	120	123	125	129	133	133	133	132	140	0	0	0
Fee and other income
8	9	8	9	9	9	9	19	20	22	24	19	21	24	24	26	24	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment (losses) gains:
Net realized investment gains (losses)
150	120	28	48	47	33	23	15	9	39	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	36	35	22	25	30	25	60	49	45	51	24	36	29	11	0	0	0
Change in fair value of equity securities
-134	-40	62	75	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit losses on fixed maturity securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment (losses) gains
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Securities F V N I Unrealized Gain Loss
-134	-40	-25	-11	-20	-105	-22	-26	-30	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fee income, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	4	2	2	1	2	2	2	2	2	-0	0	0	0
Total revenue
1,897	1,969	1,887	1,899	1,874	1,801	1,855	1,795	1,783	1,774	1,723	1,701	1,634	1,576	1,544	1,508	1,500	1,506	1,564	1,557	1,555	1,539	1,513	1,504	1,493	1,475	1,415	1,395	1,349	1,331	1,304	1,265	1,284	1,258	1,256	1,283	1,309	1,384	1,448	1,519	0	0	0
Expenses:
Losses and loss adjustment expenses
1,263	1,220	1,142	1,080	1,041	1,040	1,030	1,079	1,064	1,050	993	875	841	810	787	780	774	766	762	754	748	747	747	746	754	742	773	769	752	747	726	739	755	863	837	814	839	777	813	869	0	0	0
Other reinsurance-related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	20	23	25	27	23	19	12	5	0	0	0	-	-	-	-	-	-
Underwriting, acquisition and insurance expenses
673	665	666	666	654	654	646	644	642	635	618	589	568	547	537	533	539	536	539	540	537	537	532	525	512	510	496	487	477	464	457	443	434	425	420	431	443	466	494	501	0	0	0
Other corporate expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
32	33	33	33	32	31	30	30	29	27	25	22	20	19	19	19	18	19	19	19	19	19	20	20	20	20	21	22	22	23	22	22	22	22	22	22	22	22	23	24	0	0	0
Fee and other expense
5	5	5	6	6	7	7	10	12	14	16	17	20	22	25	28	27	25	0	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency exchange (gains) loss
13	9	4	4	4	0	0	-1	-11	-6	5	6	6	4	5	5	7	18	13	17	17	7	-0	-10	-1	1	3	-2	1	-4	8	16	3	-3	-23	-24	-12	3	16	7	0	0	0
Impairment of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total expenses
2,018	1,969	1,844	1,784	1,731	1,734	1,715	1,766	1,760	1,734	1,649	1,498	1,443	1,394	1,365	1,354	1,352	1,329	1,351	1,331	1,319	1,323	1,311	1,318	1,308	1,295	1,305	1,301	1,273	1,264	1,225	1,208	1,221	1,320	1,301	1,293	1,317	1,262	1,314	1,393	0	0	0
(Loss) income before income taxes
-121	0	43	115	142	67	139	28	22	39	74	202	191	181	179	153	148	177	213	225	235	216	202	186	184	179	109	93	76	66	78	57	62	-61	-45	-9	-8	121	134	125	0	0	0
Income tax (benefit) provision
-3	8	-7	-1	12	4	3	-5	-16	-10	20	31	35	35	24	18	16	14	31	34	33	32	30	29	34	36	18	20	10	14	20	23	31	20	21	22	19	35	37	29	0	0	0
Net income before equity in earnings of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in undistributed earnings of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-118	-8	51	117	130	63	136	34	38	50	54	170	155	146	155	135	132	163	181	191	201	183	171	157	150	143	90	73	65	52	58	34	31	-81	-66	-32	-28	86	97	96	0	0	0
Net (loss) income per common share:
Basic (in dollars per share)
-0.55	-3.04	-0.73	0.84	2.68	-1.29	1.20	1.23	0.73	0.86	-1.78	1.32	1.06	0.45	1.84	1.03	0.91	1.16	1.15	0.91	2.09	1.51	1.57	1.34	1.38	1.31	1.16	1.18	1.20	-0.30	0.48	0.93	0.75	0.28	-0.39	0.79	-3.42	0.60	0.78	0.87	0.68	0.89	0.71
Diluted (in dollars per share)
-0.55	-2.98	-0.73	0.83	2.63	-1.25	1.17	1.20	0.71	0.88	-1.78	1.29	1.03	0.44	1.80	1.00	0.89	1.13	1.13	0.89	2.05	1.48	1.54	1.32	1.36	1.26	1.12	1.13	1.16	-0.30	0.47	0.92	0.74	0.29	-0.39	0.78	-3.42	0.60	0.77	0.86	0.67	0.89	0.71
Dividends declared per common share (in dollars per share)
0.31	0.31	0.31	0.31	0.31	0.27	0.27	0.27	0.27	0.25	0.23	0.23	0.23	0.11	0.22	0.22	0.20	0.17	0.18	0.18	0.20	0.11	0.16	0.16	0.14	0.10	0.15	0.15	0.14	0.08	0.12	0.12	0.12	0.08	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.00	0.00
Weighted average common shares:
Basic (in shares)
34	34	34	34	33	33	33	33	33	34	34	34	34	48	30	30	30	33	30	30	28	39	28	28	29	37	26	26	27	32	27	25	26	37	27	27	27	28	29	29	30	30	30
Diluted (in shares)
34	33	34	34	34	34	34	34	34	35	34	35	35	49	30	30	31	34	31	31	28	40	29	29	29	38	27	28	28	33	28	26	26	37	27	27	27	28	29	30	30	30	30
Net realized investment (losses) gains before other-than-temporary impairment losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment gains
-	-	-95	-88	-	-	46	42	42	-	41	55	52	36	32	22	23	36	58	61	77	76	91	87	79	79	40	40	27	29	32	27	61	50	48	48	0	-	0	0	-	0	0
Net realized investment gains (losses) before other-than-temporary impairment losses
-	-	-5	10	-	-64	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses recognized in earnings:
Other-than-temporary impairment losses on fixed maturities
16	20	16	11	9	6	2	2	1	0	0	0	1	1	3	2	2	2	0	0	1	1	1	1	0	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	0	0
Other-than-temporary impairment losses on equity securities
-	-	-	-	-	-	-	-	-	1	2	4	7	8	12	14	10	9	5	1	1	1	0	0	0	1	3	3	3	2	0	1	1	1	1	0	0	-	0	-	-	0	0
Impairment losses recognized in earnings
16	20	17	12	10	7	2	2	3	2	2	5	8	10	15	16	13	11	6	2	2	2	7	7	6	7	5	6	5	3	2	0	1	1	-1	-0	0	-	0	0	-	0	0
Fee and other income (expense), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized investment and other gains
-	-	-	-	-	-	-	-	-	-	38	50	43	-	16	5	10	24	33	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses on Funds at Lloyd's foreign currency exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other-than-temporary impairment losses on other investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Non-credit portion of losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	0	-	0	0	-	0	0
Net realized investment (losses) gains
150	120	28	48	47	33	23	15	9	39	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0	-	36	35	22	25	30	25	60	49	45	51	24	36	29	11	0	0	0