Export financials
Argo Group International Holdings, Ltd. (ARGO)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Argo Group International Holdings, Ltd. Balance Sheet 2024-2007 | ARGO
Brief balance sheet overview of Argo Group International Holdings, Ltd.
Balance sheet changes are traced across five available annual reports between 2020 and 2024.
The asset base decreased -15.2%, from $10.5 billion to $8.9 billion. Resources became smaller over the five periods.
Asset growth of -15.2% was close to the -15.5% change in liabilities, leaving the funding profile broadly stable.
Given the financial profile, the capital cushion is the main focus. It covers 18.1% of assets versus 17.8% five periods ago.
Retained earnings are negative at -$157.7 million. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Conclusion
Argo Group International Holdings, Ltd.'s balance sheet presents a mixed picture: strengths coexist with a limited cushion. Future capital and debt trends are particularly important.
Annual Balance Sheet Argo Group International Holdings, Ltd.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | - | - | - | 547 M | 441 M | 404 M | 282 M | 250 M | 298 M | 246 M | 305 M | 276 M | 293 M | - | - | - |
Long Term Debt |
- | - | - | - | - | 579 M | 580 M | 581 M | 368 M | 372 M | 378 M | 403 M | 401 M | 377 M | 376 M | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | 579 M | 580 M | 581 M | 368 M | 367 M | 378 M | 403 M | 257 M | 377 M | - | - | - | - |
Total Liabilities |
7.28 B | 7.21 B | 8.8 B | 8.58 B | 8.61 B | 8.73 B | 7.81 B | 6.94 B | 5.41 B | 4.96 B | 4.71 B | 5.03 B | 5.17 B | 4.92 B | 4.85 B | 5.28 B | - | - |
Retained Earnings |
-158 M | 900 K | 407 M | 636 M | 684 M | 811 M | 863 M | 977 M | 960 M | 986 M | 969 M | 804 M | 776 M | 752 M | 831 M | 779 M | - | - |
Total Assets |
8.88 B | 8.5 B | 10 B | 10.3 B | 10.5 B | 10.5 B | 9.56 B | 8.76 B | 7.2 B | 6.63 B | 6.36 B | 6.59 B | 6.69 B | 6.4 B | 6.46 B | 6.9 B | - | - |
Cash and Cash Equivalents |
644 M | 792 M | 50.2 M | 146 M | 149 M | 138 M | 139 M | 177 M | 86 M | 122 M | 81 M | 157 M | 95.8 M | 103 M | 83.5 M | 18.1 M | 5.2 M | 13.7 M |
Book Value |
1.6 B | 1.3 B | 1.23 B | 1.74 B | 1.86 B | 1.78 B | 1.75 B | 1.82 B | 1.79 B | 1.67 B | 1.65 B | 1.56 B | 1.51 B | 1.48 B | 1.61 B | 1.61 B | - | - |
Total Shareholders Equity |
1.6 B | 1.3 B | 1.23 B | 1.74 B | 1.86 B | 1.76 B | 1.74 B | 1.82 B | 1.79 B | 1.67 B | 1.65 B | 1.56 B | 1.51 B | 1.46 B | 1.61 B | 1.59 B | 1.35 B | 1.38 B |
All numbers in USD currency
Quarterly Balance Sheet Argo Group International Holdings, Ltd.
| 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 459 M | 457 M | 579 M | 578 M | 579 M | 579 M | 579 M | 580 M | 580 M | 581 M | 581 M | 583 M | 581 M | 581 M | 578 M | 576 M | 368 M | 369 M | 369 M | 368 M | 367 M | 374 M | 373 M | 374 M | 378 M | 381 M | 403 M | 404 M | 403 M | 402 M | 401 M | 402 M | 401 M | 520 M | 401 M | 401 M | 377 M | 377 M | - | - | - | - |
Total Liabilities |
7.04 B | 7.1 B | 7.42 B | 7.21 B | 7.24 B | 7.27 B | 6.95 B | 6.96 B | - | 8.53 B | 8.42 B | 8.37 B | 8.58 B | 8.63 B | 8.47 B | 8.53 B | 8.61 B | 8.87 B | 8.67 B | 8.56 B | 8.75 B | 8.55 B | 8.24 B | 8.07 B | 7.81 B | 7.46 B | 7.31 B | 7.35 B | 6.94 B | 7.25 B | 6.35 B | 6.18 B | 5.41 B | 5.39 B | 5.22 B | 5.11 B | 4.96 B | 4.99 B | 4.88 B | 4.71 B | 4.71 B | 4.76 B | 4.79 B | 4.84 B | 5.03 B | 5.12 B | 5.08 B | 5.06 B | 5.17 B | 5.11 B | 4.85 B | 4.83 B | 4.92 B | 5.04 B | 4.97 B | 4.82 B | 5 B | 5 B |
Retained Earnings |
-74 M | -130 M | -101 M | 33.9 M | 23.9 M | 321 M | 371 M | 371 M | - | 530 M | 593 M | 622 M | 636 M | 766 M | 756 M | 700 M | 684 M | 714 M | 757 M | 774 M | 794 M | 925 M | 960 M | 943 M | 863 M | 916 M | 884 M | 852 M | 977 M | 956 M | 1.03 B | 988 M | 960 M | 934 M | 885 M | 1.01 B | 986 M | 950 M | 920 M | 898 M | 969 M | 914 M | 874 M | 840 M | 804 M | 760 M | 734 M | 805 M | 776 M | 784 M | 773 M | 752 M | 736 M | 754 M | 769 M | 750 M | 838 M | 819 M |
Total Assets |
8.74 B | 8.73 B | 8.82 B | 8.72 B | 8.65 B | 8.44 B | 8.19 B | 8.2 B | - | 9.86 B | 9.88 B | 9.98 B | 10.3 B | 10.5 B | 10.4 B | 10.3 B | 10.5 B | 10.7 B | 10.4 B | 10.2 B | 10.5 B | 10.4 B | 10.2 B | 9.95 B | 9.56 B | 9.28 B | 9.11 B | 9.14 B | 8.76 B | 9.06 B | 8.24 B | 8.02 B | 7.2 B | 7.18 B | 6.96 B | 6.82 B | 6.63 B | 6.63 B | 6.54 B | 6.38 B | 6.36 B | 6.39 B | 6.42 B | 6.43 B | 6.59 B | 6.65 B | 6.58 B | 6.6 B | 6.69 B | 6.65 B | 6.35 B | 6.34 B | 6.38 B | 6.5 B | 6.51 B | 6.34 B | 6.68 B | 6.63 B |
Cash and Cash Equivalents |
938 M | 618 M | 558 M | 476 M | 462 M | 64.2 M | 29.3 M | 36.4 M | - | 99.4 M | 165 M | 154 M | 146 M | 202 M | 191 M | 157 M | 149 M | 300 M | 188 M | 159 M | 138 M | 145 M | 182 M | 153 M | 139 M | 118 M | 127 M | 174 M | 177 M | 236 M | 214 M | 191 M | 86 M | 124 M | 121 M | 123 M | 122 M | 96.2 M | 106 M | 89.1 M | 81 M | 73.1 M | 136 M | 150 M | 157 M | 142 M | 102 M | 91.2 M | 95.8 M | 143 M | 75.8 M | 89.9 M | 103 M | 120 M | 49 M | 105 M | 66 M | 69.8 M |
Book Value |
1.7 B | 1.64 B | 1.4 B | 1.51 B | 1.4 B | 1.17 B | 1.23 B | 1.24 B | - | 1.32 B | 1.46 B | 1.61 B | 1.74 B | 1.89 B | 1.9 B | 1.82 B | 1.86 B | 1.86 B | 1.73 B | 1.64 B | 1.76 B | 1.89 B | 1.93 B | 1.88 B | 1.75 B | 1.82 B | 1.8 B | 1.79 B | 1.82 B | 1.81 B | 1.89 B | 1.83 B | 1.79 B | 1.79 B | 1.74 B | 1.71 B | 1.67 B | 1.64 B | 1.67 B | 1.66 B | 1.65 B | 1.63 B | 1.63 B | 1.59 B | 1.56 B | 1.53 B | 1.49 B | 1.55 B | 1.51 B | 1.54 B | 1.49 B | 1.51 B | 1.46 B | 1.47 B | 1.55 B | 1.52 B | 1.68 B | 1.63 B |
Total Shareholders Equity |
1.7 B | 1.64 B | 1.4 B | 1.51 B | 1.4 B | 1.17 B | 1.23 B | 1.24 B | - | 1.32 B | 1.46 B | 1.61 B | 1.74 B | 1.89 B | 1.9 B | 1.82 B | 1.86 B | 1.86 B | 1.73 B | 1.64 B | 1.76 B | 1.89 B | 1.93 B | 1.88 B | 1.74 B | 1.82 B | 1.8 B | 1.79 B | 1.81 B | 1.81 B | 1.89 B | 1.83 B | 1.79 B | 1.79 B | 1.74 B | 1.71 B | 1.67 B | 1.64 B | 1.67 B | 1.66 B | 1.65 B | 1.63 B | 1.63 B | 1.59 B | 1.56 B | 1.53 B | 1.49 B | 1.55 B | 1.51 B | 1.54 B | 1.49 B | 1.51 B | 1.46 B | 1.47 B | 1.55 B | 1.52 B | 1.68 B | 1.63 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Argo Group International Holdings, Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.