What is Argo Group International Holdings Sloan Ratio %?
Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Sep. 2023, Argo Group International Holdings has a Sloan Ratio of -2.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Argo Group International Holdings Sloan Ratio % Historical Data
* 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.
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Argo Group International Holdings Sloan Ratio % Chart
Competitive Comparison of Argo Group International Holdings's Sloan Ratio %
For the Insurance - Property & Casualty subindustry, Argo Group International Holdings's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Argo Group International Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Argo Group International Holdings's Sloan Ratio % falls into.
Argo Group International Holdings Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Argo Group International Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -109.2 (Dec. 2022 ) + -33.8 (Mar. 2023 ) + 2.2 (Jun. 2023 ) + -46.9 (Sep. 2023 ) = $-187.70 Mil.
Argo Group International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -46.3 (Dec. 2022 ) + 39.1 (Mar. 2023 ) + 80.5 (Jun. 2023 ) + 151.9 (Sep. 2023 ) = $225.20 Mil.
Argo Group International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 79.5 (Dec. 2022 ) + -121.6 (Mar. 2023 ) + -85.4 (Jun. 2023 ) + -115.1 (Sep. 2023 ) = $-242.60 Mil.
* 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.
Argo Group International Holdings (NYSE:ARGOpA.PFD) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Sep. 2023, Argo Group International Holdings has a Sloan Ratio of -2.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Argo Group International Holdings Sloan Ratio % Related Terms
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Argo Group International Holdings (Argo Group International Holdings) Business Description
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.
Argo Group International Holdings (Argo Group International Holdings) Headlines
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