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Argo Group International Holdings (Argo Group International Holdings) EBIT : $-180 Mil (TTM As of Sep. 2023)


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What is Argo Group International Holdings EBIT?

Argo Group International Holdings's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-21 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-180 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Argo Group International Holdings's annualized ROC % for the quarter that ended in Sep. 2023 was -2.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Argo Group International Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -12.41%.


Argo Group International Holdings EBIT Historical Data

The historical data trend for Argo Group International Holdings's EBIT 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 EBIT Chart

Argo Group International Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.90 34.10 -19.50 26.90 -156.40

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
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -46.00 -130.20 -33.80 4.60 -20.60

Competitive Comparison of Argo Group International Holdings's EBIT

For the Insurance - Property & Casualty subindustry, Argo Group International Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Argo Group International Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Argo Group International Holdings's EV-to-EBIT falls into.



Argo Group International Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-180 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:ARGO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Argo Group International Holdings's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-82.4 * ( 1 - -60.07% )/( (5206.085 + 5217.075)/ 2 )
=-131.89768/5211.58
=-2.53 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=8187.1 - 2969.9 - ( 29.3 - 5% * 363.7 )
=5206.085

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=8439.5 - 3177.3 - ( 64.2 - 5% * 381.5 )
=5217.075

Note: The EBIT data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Argo Group International Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-180/1450.713
=-12.41 %

* 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 EBIT Related Terms

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

Traded in Other Exchanges
Address
501 7th Avenue, 7th Floor, New York, NY, USA, 10018
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.
Executives
Jessica E. Snyder officer: President, U.S. Insurance ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY RD., PEMBROKE D0 HM08
J Daniel Plants director ONE EMBARCADERO CENTER, SUITE 1140, SAN FRANCISCO CA 94111
Susan Comparato officer: Chief Administrative Officer ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Scott Kirk officer: Chief Financial Officer C/O ARGO GROUP INTERNATIONAL HOLDINGS,, LTD. 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Andrew Marshall Borst officer: Chief Administrative Officer 175 E. HOUSTON ST., SUITE 1300, SAN ANTONIO TX 78205
Allison Kiene officer: SVP, General Counsel C/OARGO GROUP INTERNATIONAL HOLDINGS,LTD, 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kevin James Rehnberg officer: President, U.S. Operations C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Thomas A Bradley director 199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Timothy D Carter officer: Chief Underwriting Officer C/O ARGO GROUP 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Fred Robert Donner director GLOBAL INDEMNITY GROUP, LLC, 112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801
Bernard C Bailey director
Samuel G Liss director VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Carol A. Mcfate director 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Jay Stanley Bullock officer: Chief Financial Officer 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kathleen Nealon director P.O. BOX 1282, HAMILTON D0 HM08

Argo Group International Holdings (Argo Group International Holdings) Headlines

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