Argo Group International Holdings Ltd (ARGO)
NYSE NYSE Primary Summary
ARGO Chart
Argo Group Preferred 'A' Stock Poised For Very Big Returns
Argo Group International is an investment grade insurance company that was purchased by Brookfield Reinsurance not too long ago. At current interest rates, if ARGO-A is not called on 9/15/2025, its yield will reset to a whopping "qualified" 11.58%. This “qualified dividend” paying preferred stock has a yield-to-call of 8.48%, far better than the yields on other preferred stocks of the same credit rating.
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Argo Group International Holdings Ltd Profile
| Insurance Industry | Financials Sector | Thomas A. Bradley CEO | NYSE Exchange | G0464B107 CUSIP |
| NL Country | 1,206 Employees | - Last Dividend | 6 Mar 2018 Last Split | - IPO Date |
Overview
Argo Group International Holdings, Ltd., a prominent entity in the insurance and reinsurance markets, specializes in offering a wide range of products within the property and casualty domains. The company’s operations are bifurcated into two main segments: U.S. Operations and International Operations, allowing for a broad geographic coverage and diverse product portfolio. Argo Group's commitment to specialty insurance products is reflected in its extensive offerings, catering to various industries and sectors. Founded in 1948 and headquartered in Pembroke, Bermuda, Argo Group has established itself as a key player in the insurance field. As of November 16, 2023, Argo Group became a subsidiary of Brookfield Reinsurance Ltd., signifying a new chapter in its corporate journey while continuing to serve its clients through a network of wholesale and retail agents, managing general agents, brokers, and third-party intermediaries.
Products and Services
- Specialty Casualty and Liability Insurance:
Argo Group offers a variety of casualty and liability insurance products, including primary and excess specialty casualty, general liability, commercial multi-peril, and workers' compensation. These products are designed to protect businesses against a wide range of risks.
- Management and Professional Liability:
The company provides coverage for directors and officers liability, errors and omissions liability, and employment practices liability, ensuring protection for managerial decisions and professional services.
- Property and Auto Physical Damage:
Argo Group offers primary and excess property, inland marine, and auto physical damage insurance, safeguarding physical assets against damage or loss.
- Surety and Specialty Risks:
Products include surety, animal mortality, and ocean marine insurance, catering to specific markets and industry sectors with tailored risk solutions.
- International Casualty and Professional Indemnity:
The company’s international operations include casualty and motor treaties insurance, professional indemnity, and medical malpractice insurance, providing a global reach in risk management services.
- Excess Coverage and Binders:
Argo Group offers direct and facultative excess insurance, North American and international binders, and residential collateral protection, delivering comprehensive coverage options for a variety of needs.
- Personal and Specialized Insurance:
These offerings include personal accident, aviation, cargo, yachts, and marine insurance products, targeting individual and niche market needs with specialized insurance solutions.
