Argo Group
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|---|---|
Revenues | 1.8b | 2.0b | 1.9b | 2.1b | 1.8b | 1.5b | 1.5b |
% growth | 2 % | 10 % | (5 %) | 14 % | (17 %) | (15 %) | 1 % |
Profit | 57.0m | (8.4m) | (71.9m) | 5.8m | (175m) | - | - |
% profit margin | 3 % | - | (4 %) | - | (10 %) | - | - |
EV / revenue | 1.3x | 1.1x | 0.8x | 0.9x | 0.8x | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
* | N/A | Growth Equity VC | |
* | $1.1b Valuation: $1.1b 0.6x EV/LTM Revenues | Buyout | |
Total Funding | - |
Recent News about Argo Group
EditArgo Limited is a dynamic player in the insurance and risk management industry, dedicated to mutual success and community engagement. The company operates primarily in the specialty insurance market, providing tailored insurance solutions to a diverse range of clients, including businesses and individuals who require coverage for unique or complex risks. Argo's business model revolves around underwriting insurance policies, managing claims, and investing premiums to generate returns.
Argo serves clients who need specialized insurance products that are not typically covered by standard policies. These clients often operate in industries with higher risk profiles, such as construction, marine, and energy sectors. By focusing on niche markets where it has a competitive edge, Argo ensures that it can offer expert risk assessment and management services.
The company makes money through the premiums paid by policyholders. These premiums are invested to generate income, which, along with careful risk management and claims handling, helps Argo maintain profitability. Additionally, Argo's commitment to corporate responsibility and community engagement enhances its reputation and fosters long-term relationships with clients and partners.
Argo's leadership team is dedicated to fostering an inclusive workplace that promotes personal and professional growth. The company is also committed to corporate social responsibility, actively participating in initiatives related to diversity, inclusion, environmental sustainability, and disaster relief.
In summary, Argo Limited is a specialized insurance provider focused on niche markets, offering tailored risk management solutions and maintaining a strong commitment to corporate responsibility and community engagement.
Keywords: Specialty Insurance, Risk Management, Niche Markets, Corporate Responsibility, Community Engagement, Premiums, Claims Handling, Inclusive Workplace, Sustainability, Disaster Relief.