Argo grows operating income 24% on investment gains, core margins continue to strengthen
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Argo grows operating income 24% on investment gains, core margins continue to strengthen

James Thaler
May 03, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
argo-group-2021-logo-pic-bermuda.jpg

Argo improved core underwriting margins and boosted operating income by 24%, but fell to an underwriting loss in the first quarter as the company was weighed down by $48mn in catastrophe losses, predominantly from Winter Storm Uri.

The US-focused specialty insurer reported $0.44 a share in operating income, a more than 22% improvement on the year before and much better than the $0.07

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsResultsBermudiansSpecialty LinesArgo
JT
James Thaler
Gift this article