Last $46.11 USD
Change Today -0.14 / -0.30%
Volume 11.8K
AGII On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 11:12 AM 04/21/14 All times are local (Market data is delayed by at least 15 minutes).

argo group international (AGII) Snapshot

Open
$46.43
Previous Close
$46.25
Day High
$46.50
Day Low
$46.00
52 Week High
12/10/13 - $48.75
52 Week Low
10/16/13 - $34.57
Market Cap
1.2B
Average Volume 10 Days
134.1K
EPS TTM
$3.06
Shares Outstanding
26.5M
EX-Date
02/27/14
P/E TM
15.1x
Dividend
$0.60
Dividend Yield
1.30%
Current Stock Chart for ARGO GROUP INTERNATIONAL (AGII)

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argo group international (AGII) Details

Argo Group International Holdings, Ltd. operates as an underwriter of specialty insurance and reinsurance products in the property and casualty market worldwide. The company’s Excess and Surplus Lines segment underwrites casualty, property, automobile, and professional liability coverage for contractors, manufacturers, distributors, property owners, retailers, restaurants, environmental consultants and contractors, and smaller medical facilities. This segment also offers errors and omissions, and management liability products for wholesale and retail distribution partners; and risk management solutions for accountants, architects and engineers, commercial crime, directors and officers, employment practices, fiduciary, lawyers, miscellaneous professionals, technology, privacy, and security customers. Its Commercial Specialty segment underwrites coverage for small commercial businesses comprising office, retail operations, light manufacturing, and restaurants; provides casualty, property, surety, auto, and umbrella coverage, as well as artisan contractor packages; and operates a non-risk-bearing agency. This segment also offers general and automobile liability, automobile physical damage, property, inland marine, crime, public official’s and educator’s legal liabilities, employment practices, law enforcement liability, and workers compensation coverage for small and intermediate-sized public sector entities. The company’s International Specialty segment provides specialty property catastrophe reinsurance, and excess casualty and professional insurance; and underwrites general, products, directors and officers, errors and omissions, and employment practices liabilities for various clients; and underwrites coverage for cargo and marine, property and engineering, financial lines, and motor businesses. The Syndicate 1200 segment underwrites property, specialty, and non-U.S. liability insurance. The company was founded in 1986 and is headquartered in Pembroke, Bermuda.

1,249 Employees
Last Reported Date: 02/28/14
Founded in 1986

argo group international (AGII) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
President of U.S. Operations
Total Annual Compensation: $752.7K
Group Chief Underwriting Officer and Presiden...
Total Annual Compensation: $654.9K
Executive Vice President of Business Developm...
Total Annual Compensation: $136.7K
Compensation as of Fiscal Year 2013.

argo group international (AGII) Key Developments

Argo Group International Holdings, Ltd. Appoints Kurt Elia as Senior Vice President and Chief Human Resources Officer

Argo Group International Holdings, Ltd. announced that Kurt Elia has joined the company as Senior Vice President and Chief Human Resources Officer. Mr. Elia will report to Argo Group President and Chief Executive Officer Mark E. Watson III. Previously, Mr. Elia led the global human resources function at Endurance Specialty after serving in senior human resources positions at Citigroup, Capital One and IBM. Mr. Elia earned a degree in industrial and labor relations from Cornell University. He is also certified by Columbia University as an executive coach.

Argo Group Enters into $175,000,000 Credit Agreement with JPMorgan Chase Bank

On March 7, 2014 each of Argo Group International Holdings, Ltd., Argo Group US, Inc., Argo International Holdings Limited and Argo Underwriting Agency Limited entered into a $175,000,000 Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and parties signatory thereto. The New Credit Agreement replaced the prior Credit Agreement, dated as of April 30, 2010 and as amended on May 6, 2011 and July 11, 2011, between Argo Group International Holdings, Ltd., Argo Group US, Inc., Argo International Holdings Limited and Argo Underwriting Agency Limited, JPMorgan Chase Bank, N.A. and the other parties thereto, which agreement was terminated in connection with the execution of the New Credit Agreement. The New Credit Agreement provides for a $175 million revolving credit facility, and the commitments there under shall expire on March 7, 2018 unless extended in accordance with the terms of the New Credit Agreement. Borrowings by the Borrowers under the New Credit Agreement may be used for general corporate purposes, including working capital and permitted acquisitions, and each of the Borrowers has agreed to be jointly and severally liable for the obligations of the other Borrowers under the New Credit Agreement. Revolving loans designated by the Borrowers at the time of borrowing as ABR Borrowings that are outstanding under the New Credit Agreement bear interest at a rate per annum equal to the greater of (a) the Prime Rate (as defined in the New Credit Agreement) in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus of 1% and (c) the Adjusted Eurocurrency Rate for a one month interest period on such day plus 1%, plus the Applicable Rate (as defined in the New Credit Agreement). Revolving loans designated by the Borrowers at the time of borrowing as Eurocurrency Borrowings that are outstanding under the New Credit Agreement bear interest at a rate per annum equal to the Adjusted Eurocurrency Rate (as defined in the New Credit Agreement) for the interest period in effect for such Borrowing plus the Applicable Rate (as defined in the New Credit Agreement). The New Credit Agreement contains customary events of default. If an event of default occurs and is continuing, the Borrowers might be required immediately to repay all amounts outstanding under the New Credit Agreement. Lenders holding at least a majority of the loans and commitments under the New Credit Agreement may elect to accelerate the maturity of the loans and/or terminate the commitments under the New Credit Agreement upon the occurrence and during the continuation of an event of default. On the Effective Date, no borrowings were outstanding under the New Credit Agreement. A $180,000 letter of credit was outstanding on the Effective Date under the New Credit Agreement.

Argo Group Presents at AIFA Annual Conference, Mar-04-2014 08:00 AM

Argo Group Presents at AIFA Annual Conference, Mar-04-2014 08:00 AM. Venue: Boca Raton Resort & Club, Boca Raton, Florida, United States. Speakers: Mark E. Watson I I, President and CEO.

 

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Industry Analysis

AGII

Industry Average

Valuation AGII Industry Range
Price/Earnings 9.0x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 8.6x
TEV/Sales 0.2x
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