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Private company

Argo Group International Holdings, Inc.

Argo Group International Holdings, Inc. is a U.S. focused underwriter of specialty insurance products in the property and casualty market.1 It is headquartered in New York, New York.1

Last updated Oct 21, 2026.

Overview

  • IndustryTitle Insurance1
  • HeadquartersNew York, New York1
  • Business address501 7Th Avenue, 7Th Floor, New York, Ny 100182
  • Filer categoryNon-accelerated filer2

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Argo Group, a Delaware corporation and holding company, is a U.S. focused underwriter of specialty insurance products in the property and casualty market.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-39.1%Net margin4
-9.2%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs89¢$336.5M
  • Income tax11¢$42.2M

Out of $378.7M in revenue.54 The company lost money this year.

Financial statements

Revenue678945$378.7M in 2024−79% since 2018
0$1.0B$2.0B$3.0B2018: $1.8B$1.8B20182019: $2.0B$2.0B2019+9%2020: $1.9B$1.9B2020−4%2021: $2.1B$2.1B2021+13%2022: $1.8B$1.8B2022−18%2024: $378.7M$378.7M2024−78%
Net income107894-$148.1M in 2024
-$200.0M-$100.0M0$100.0M2018: $57.0M$57.0M20182019: -$14.1M-$14.1M20192020: -$54.1M-$54.1M2020+284%2021: $6.7M$6.7M20212022: -$175.2M-$175.2M20222024: -$148.1M-$148.1M2024−15%
Fiscal year2018201920202021202220232024
Revenue$1.8B6$2.0B7$1.9B8$2.1B9$1.8B4$378.7M5
Interest$31.9M10$34.1M7$26.9M8$21.6M9$26.8M9
Income before tax$5.3M9-$183.2M4$27.2M5
Income tax$4.0M10$14.1M7$7.7M8-$1.4M9-$8.0M4-$42.2M4
Net income$57.0M10-$14.1M7-$54.1M8$6.7M9-$175.2M4-$148.1M4
Earnings per share$1.6810-$0.417-$1.708-$0.119-$5.314
Earnings per share (diluted)$1.6510-$0.417-$1.708-$0.119-$5.314
Shares (weighted, basic)34.8M shares935.0M shares4
Shares (weighted, diluted)34.8M shares935.0M shares4

Compare Argo Group International Holdings, Inc. with another company

Corporate structure

Argo Group International Holdings, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Argo Group International Holdings, Inc.

  • Champlain Investment Partners, LLC Filed SC 13G/A on Argo Group International Holdings, Inc., latest Feb 13, 2024 (3 filings since Feb 11, 2022)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Argo Group International Holdings, Inc., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • VANGUARD GROUP INC Filed SC 13G/A on Argo Group International Holdings, Inc., latest Jul 10, 2023 (3 filings since Feb 9, 2022)
  • FourWorld Capital Management LLC Filed SC 13G on Argo Group International Holdings, Inc., latest May 1, 2023
  • PZENA INVESTMENT MANAGEMENT LLC Filed SC 13G/A on Argo Group International Holdings, Inc., latest Apr 5, 2023 (2 filings since Jan 27, 2023)
  • Voce Capital Management LLC Filed SC 13D/A on Argo Group International Holdings, Inc., latest Mar 24, 2023 (6 filings since Aug 8, 2022)
  • BlackRock Filed SC 13G/A on Argo Group International Holdings, Inc., latest Jan 31, 2023 (2 filings since Feb 3, 2022)

Built from major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Argo Group International Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$13.7M4 Dec 31, 2024$2.3M4 Dec 31, 2023+495.7%
Property and equipment, net$20.6M4 Dec 31, 2024$31.1M4 Dec 31, 2023−33.8%
Operating-lease assets (leased space)$47.6M4 Dec 31, 2024$51.2M4 Dec 31, 2023−7.0%

Investments

ItemLatestA year beforeChange
Equity securities at fair value$413.0M4 Dec 31, 2024$10.7M4 Dec 31, 2023+3759.8%
Loans, net of allowance$144.6M9 Dec 31, 2023$159.7M9 Dec 31, 2022−9.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$09 Dec 31, 2023$118.6M9 Dec 31, 2022−100.0%
Intangible assets, net (excluding goodwill)$152.2M4 Dec 31, 2024$324.2M9 Dec 31, 2023−53.1%
Accumulated amortization$209.9M4 Dec 31, 2024$37.9M9 Dec 31, 2023+453.8%
Finite-lived intangibles, net$127.2M4 Dec 31, 2024$299.2M9 Dec 31, 2023−57.5%

Properties, in its own words

We lease office space in New York, New York, where our principal executive office is located. We and our subsidiaries also lease additional office space in the U.S. as well as Bermuda and Italy. Additionally, we own the land and office building in Pennsylvania that houses Rockwood. The properties are leased on terms and for durations that are reflective of commercial standards in the communities where these properties are located. We believe the facilities we occupy are adequate for the purposes in which they are currently used and are well maintained.

For further discussion of our leasing commitments as of December 31, 2024, please see Note 5, “Leases,” in the Notes to Consolidated Financial Statements.

Item 2 of the 10-K filed Mar 25, 2025.3

Leadership

Who has led Argo Group International Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jeffrey L. Radke2006–2007
  2. Mark E. Watson Iii.2007–2020
  3. Julian Enoizi2010–2011
  4. Kevin James Rehnberg2020–2022
  5. Thomas A. Bradley2022–2023
  6. Jessica E. Snyder2023

Chair

  1. Jose Angel Hernandez2019

President

  1. Jeffrey L. Radke2006–2007
  2. Mark E. Watson Iii.2007–2020
  3. Dale Pilkington2007–2008
  4. Kevin James Rehnberg2013–2018
  5. Andrew Marshall Borst2022
  6. Jessica E. Snyder2022–2023

Chief financial officer

  1. Mark W. Haushill2007
  2. Jay Stanley Bullock2008–2021

Chief operating officer

  1. Guy D. Hengesbaugh2006
2010201520202025
Board members and other officers (52)

Former names

  • Argo Group International Holdings, Ltd.May 7, 2007 to Nov 27, 20232
  • PXRE GROUP LTDAug 18, 1999 to Aug 7, 20072

Timeline

  1. Sep 15, 20258-K Bylaws or fiscal year changed; Other events81
  2. Aug 18, 20258-K Regulation FD disclosure82
  3. Aug 15, 20258-K Other events83
  4. Apr 8, 20258-K Executive or director change84
  5. Mar 27, 20258-K Executive or director change; Regulation FD disclosure85
  6. Sep 25, 20248-K Bylaws or fiscal year changed86
  7. Jun 24, 20248-K Change of auditor87
  8. Feb 26, 20248-K Entered a material agreement; New debt or obligation88
  9. Dec 1, 20238-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events89
  10. Nov 16, 2023New chief executive Jessica E. Snyder becomes CEO16
  11. Nov 16, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights90
  12. Nov 8, 20238-K Results of operations91
  13. Aug 7, 20238-K Results of operations92
  14. Jun 23, 2022New chief executive Thomas A. Bradley becomes CEO17
  15. Feb 19, 2020New chief executive Kevin James Rehnberg becomes CEO18
  16. Mar 1, 2010New chief executive Julian Enoizi becomes CEO19
  17. Aug 7, 2007New chief executive Mark E. Watson Iii. becomes CEO20
  18. Feb 13, 2006New chief executive Jeffrey L. Radke becomes CEO21

Calendar

When it reported results

  1. Nov 8, 2023Reported quarterly or annual results91
  2. Aug 7, 2023Reported quarterly or annual results92
  3. May 8, 2023Reported quarterly or annual results93
  4. Feb 27, 2023Reported quarterly or annual results94
  5. Nov 7, 2022Reported quarterly or annual results95
  6. Aug 8, 2022Reported quarterly or annual results96
  7. May 2, 2022Reported quarterly or annual results97
  8. Feb 22, 2022Reported quarterly or annual results98

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

195 filings to the SEC since October 2021: 6 annual reports, 12 quarterly reports, 44 major events, 56 insider forms, 20 large holders, 57 other. The latest 20:

  1. Sep 25, 202515-12G EDGAR
  2. Sep 15, 20258-K EDGAR
  3. Aug 18, 20258-K EDGAR
  4. Aug 15, 20258-K EDGAR
  5. Aug 7, 202510-Q EDGAR
  6. May 8, 202510-Q EDGAR
  7. Apr 8, 20258-K EDGAR
  8. Mar 27, 20258-K EDGAR
  9. Mar 25, 202510-K EDGAR
  10. Jan 23, 20253 OWNERSHIP DOCUMENT EDGAR
  11. Jan 23, 20253 OWNERSHIP DOCUMENT EDGAR
  12. Jan 23, 20253 OWNERSHIP DOCUMENT EDGAR
  13. Nov 14, 202410-Q EDGAR
  14. Sep 25, 20248-K EDGAR
  15. Aug 9, 202410-Q EDGAR
  16. Jun 24, 20248-K EDGAR
  17. May 9, 202410-Q EDGAR
  18. Mar 19, 202410-K EDGAR
  19. Feb 26, 20248-K EDGAR
  20. Feb 13, 2024SC 13G/A CHAMPLAIN 13G TICKER ARGO EDGAR

The 195 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Argo Group International Holdings, Inc. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

SEC filer profile

How Argo Group International Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARArgo Group International Holdings, Inc.1
  • CIK0001091748
  • Employer ID (EIN)98-02147193
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6361 Title Insurance1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address501 7Th Avenue, 7Th Floor, New York, NY 100181
  • Phone21032184001
  • Shares outstanding13 as of Aug 7, 202511
  • Public float$0 as of Jun 30, 20244
  • AuditorDELOITTE & TOUCHE LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceAug 18, 19991
  • Filings1,847 in all: 4 (847), 8-K (336), SC 13G/A (100), 10-Q (78), DEFA14A (62), 3 (52), SC 13G (39), SC 13D/A (29)1
    All 56 form types

    UPLOAD (27), 10-K (26), 4/A (24), 5 (22), DFAN14A (21), CORRESP (19), DEF 14A (19), 8-K/A (11), S-8 POS (11), 425 (9), SC 13D (8), PREC14A (7), S-8 (7), DEFC14A (6), PRE 14A (6), 424B2 (5), 8-A12B (5), PRRN14A (5), S-3 (5), S-3/A (5), 10-K/A (4), 3/A (4), ARS (4), S-3ASR (4), 25-NSE (3), 424B5 (3), CERT (3), NT 10-K (3), PRER14A (3), 15-12G (2), 25 (2), 5/A (2), FWP (2), S-4 (2), S-4/A (2), 10-Q/A (1), 424B3 (1), 8-A12B/A (1), CERTNAS (1), DEFM14A (1), DEFS14A (1), DFRN14A (1), EFFECT (1), NT 10-K/A (1), NT 10-Q (1), POS AM (1), PREM14A (1), PRES14A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2025
    Quarterly report (10-Q) Aug 7, 2025
    Proxy statement (DEF 14A) Mar 25, 2021
    Latest 8-K (8-K) Sep 15, 2025

Securities registered for trading

ClassSymbolExchange
6.500% Senior Notes due 2042 issued by Argo Group US, Inc. and The Guarantee with Respects TheretoARGDNew York Stock Exchange
Depositary Shares, Each Representing a 1/1000th Interest in 7.00% Resettable Fixed Rate Preferred Stock, Series A, Par Value $1.00 Per ShareARGO/PANew York Stock Exchange

From the cover page of the 10-K filed Mar 25, 2025 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Argo Group International Holdings, Inc. names in Item 1A of its 10-K filed Mar 25, 2025: 37 risks under these headings, as written.3

  • We may be adversely affected by changes in economic and political conditions, including inflation and changes in interest rates.
  • Our insurance subsidiaries are subject to risk-based capital and solvency requirements in their respective regulatory domiciles and any failure to comply with these requirements may have a material adverse effect on our business.
  • The outcome of legal and regulatory proceedings, investigations, inquiries, claims and litigation related to our business operations, and changes in the legal environment, may have a material adverse effect on our results of operations and financial condition.
  • Insurance Underwriting Risks
  • We may incur income statement charges (or benefits) if the reserves for losses and loss adjustment expenses are insufficient (or redundant). Such income statement charges could be material, individually or in the aggregate, to our financial condition and operating results in future periods.
  • General Loss Reserves
  • Asbestos and Environmental Liability Loss Reserves
  • Black Lung Disease Loss Reserves
  • We operate in a highly competitive environment and no assurance can be given that we will continue to be able to compete effectively in this environment.
  • Our insurance subsidiaries have exposure to unpredictable and unexpected changes in the claims environment or catastrophes and terrorist acts that can materially and adversely affect our business, results of operations and/or financial condition.
  • Emerging Claims
  • Catastrophic Losses
The other 30 risks
  • Global climate change, as well as increasing related regulation, may have an adverse effect on our business, financial results and operations.
  • Physical Risks
  • Transition Risks
  • Because our business is dependent upon insurance and reinsurance agents and brokers, we are exposed to certain risks arising out of distribution channels that could cause our results to be adversely affected.
  • The insurance business is historically cyclical, and we may experience periods with excess underwriting capacity and unfavorable premium rates; conversely, we may have a shortage of underwriting capacity when premium rates are strong, both of which could adversely impact our results.
  • Our agents, producers, or other third parties may exceed their underwriting authorities, commit fraud or otherwise breach obligations owed to us, which could adversely affect our results of operations and financial condition.
  • Operational Risks
  • We may be unable to attract and retain qualified employees and key executives.
  • Loss of our executive officers or other key personnel or other changes to our management team could disrupt our operations or harm our business.
  • Our strategies and processes to mitigate insurance risk may fail and have an adverse effect on our business.
  • If we fail to maintain an effective system of disclosure controls and procedures and internal controls over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • We are dependent on our information technology systems, which could fail or suffer a cybersecurity breach, that could adversely affect our business, reputation, results of operations or financial condition or result in the loss of sensitive information.
  • Any failure to protect the confidential customer information that we handle routinely could adversely affect our business, reputation, results of operations or financial condition.
  • We may experience issues with outsourcing relationships, which could negatively impact our business, results of operations, and financial condition.
  • Financial Risks
  • A prolonged recession or a period of significant turmoil in the U.S. and international financial markets, could adversely affect our business, liquidity and financial condition and our share price.
  • Our investment portfolio is subject to significant market and credit risks which could result in an adverse impact on our financial position or results.
  • We may be adversely affected by foreign currency fluctuations.
  • We face a risk of non-availability of reinsurance, which could materially and adversely affect our business, results of operations and/or financial condition.
  • An impairment in the carrying value of intangible assets could negatively impact our consolidated results of operations and stockholders’ equity.
  • The determination of the estimate of allowances and impairments taken on our investments is highly subjective and could materially impact our operating results or financial position.
  • Our financial condition and operating results may be adversely affected by the failure of one or more reinsurers or capital market counterparties to meet their payment obligations to us.
  • We may be adversely affected by the replacement of benchmark indices.
  • Strategic Risks
  • Uncertain conditions in the global economy may adversely affect our business, results of operations and financial condition.
  • We may not realize the anticipated benefits from the Merger.
  • We may incur significant additional indebtedness which may adversely impact our results of operations and financial condition, including our access to capital and liquidity.
  • We may require additional capital in the future, which may not be available or may only be available on unfavorable terms.
  • Our holding company structure and certain regulatory and other constraints affect our ability to pay dividends and make other payments.
  • Any ratings downgrades could result in an adverse effect on our business, financial condition and operating results.
  • Our use of strategic transactions to further our growth strategy may not succeed, which may result in underperformance relative to our expectations and have a material adverse effect on our business, financial condition or results of operations.
  • Reputational Risks
  • We are subject to laws and regulations relating to sanctions, anti-corruption and money laundering, the violation of which could adversely affect our operations.
  • Any failure to meet investor and stakeholder expectations regarding environmental, social and corporate governance (“ESG”) matters may damage our reputation.
  • Legal, Regulatory and Litigation Risks
  • Taxation Risks
  • Our aggregate tax liability and effective tax rate could be adversely affected in the future by changes in the tax laws of the countries in which we operate, including as a result of ongoing efforts by the member countries of the OECD.
  • Changes in U.S. tax law may have a material adverse effect on us or our stockholders.

Legal proceedings

Federal Securities Class Action

The Police & Fire Retirement System City of Detroit v. Argo Group International Holdings, Inc., et al., No. 22-cv-8971 (S.D.N.Y.)

On October 20, 2022, a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against the Company and certain of its current and former officers, alleging securities fraud violations under sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Plaintiff alleges that from February 13, 2018 through August 9, 2022, the defendants made false and misleading statements concerning the Company’s reserves and underwriting standards. On January 18, 2023, U.S. District Judge Lewis A. Kaplan granted the Police and Fire Retirement System City of Detroit and the Oklahoma Law Enforcement Retirement System’s joint motion for appointment as lead plaintiff. On March 27, 2023, lead plaintiffs filed an amended class action complaint. On May 26, 2023, the defendants moved to dismiss the amended class action complaint. On July 13, 2023, lead plaintiffs filed an opposition to such motion, after which defendants filed a reply on August 14, 2023. On December 12, 2024, the court granted defendants’ motion to dismiss. The period to appeal this decision expired on January 16, 2025, and accordingly, we consider this matter to be closed.

Bermuda Appraisal Petitions

The opening of Item 3, Legal Proceedings.3

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