Argo Group International Holdings (Argo Group International Holdings) Return-on-Tangible-Equity : -17.30% (As of Sep. 2023)

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What is Argo Group International Holdings Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Argo Group International Holdings's annualized net income for the quarter that ended in Sep. 2023 was $-187.60 Mil. Argo Group International Holdings's average shareholder tangible equity for the quarter that ended in Sep. 2023 was $1,084.45 Mil. Therefore, Argo Group International Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 was -17.30%.

The historical rank and industry rank for Argo Group International Holdings's Return-on-Tangible-Equity or its related term are showing as below:

ARGOpA.PFD' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.77 Med: 3.48 Max: 13.38
Current: -16.77

During the past 13 years, Argo Group International Holdings's highest Return-on-Tangible-Equity was 13.38%. The lowest was -16.77%. And the median was 3.48%.

ARGOpA.PFD's Return-on-Tangible-Equity is not ranked
in the Insurance industry.
Industry Median: 12.215 vs ARGOpA.PFD: -16.77

Argo Group International Holdings Return-on-Tangible-Equity Historical Data

The historical data trend for Argo Group International Holdings's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Argo Group International Holdings Return-on-Tangible-Equity Chart

Argo Group International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Return-on-Tangible-Equity

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3.75

-0.94

-3.42

0.42

-13.05

Argo Group International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-15.71	-37.93	-12.07	0.78	-17.30

Competitive Comparison of Argo Group International Holdings's Return-on-Tangible-Equity

For the Insurance - Property & Casualty subindustry, Argo Group International Holdings's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Argo Group International Holdings's Return-on-Tangible-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Argo Group International Holdings's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Argo Group International Holdings's Return-on-Tangible-Equity falls into.

Argo Group International Holdings Return-on-Tangible-Equity Calculation

Argo Group International Holdings's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2022 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-175.2	/	( (1570.6	+	1114.3 )	/ 2 )
	=	-175.2	/	1342.45
	=	-13.05 %

Argo Group International Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2023 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-187.6	/	( (1116.2	+	1052.7)	/ 2 )
	=	-187.6	/	1084.45
	=	-17.30 %

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Argo Group International Holdings (NYSE:ARGOpA.PFD) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

Argo Group International Holdings Return-on-Tangible-Equity Related Terms

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Argo Group International Holdings (Argo Group International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Argo Group International Holdings Inc (NYSE:ARGOpA.PFD) » Definitions » Return-on-Tangible-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 7th Avenue, 7th Floor, New York, NY, USA, 10018

Website

https://www.argolimited.com

Argo Group International Holdings Inc formerly Argo Group International Holdings Ltd is a property and casualty insurance company. It has two reportable segments which are U.S. Operations and International Operations. The U.S. Operations segment is comprised of two primary operating divisions, Excess and Surplus Lines and Specialty Admitted, while International Operations' primary operating divisions are Syndicate 1200, Reinsurance, and Argo Insurance Bermuda. The vast majority of revenue generation occurs within the excess and surplus lines segment, which underwrites casualty, property, and professional liability coverage for various clients. Argo generates the majority of its revenue in the United States, followed by the United Kingdom and Bermuda.