Argo premiums rise 2% as underwriting profits climb on lower cats, int’l improvement
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Argo premiums rise 2% as underwriting profits climb on lower cats, int’l improvement

James Thaler
August 02, 2021
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Argo Group Bermuda logo 2.jpg

Lower catastrophe losses, improved underlying results, and favorable development helped push Argo to a $21mn underwriting profit in the second quarter, rising from the $0.4mn gain the company recorded a year ago.

Operating income climbed to $1.60 a share, or about $56mn, from a $4mn operating loss (-$0.10) last year. It was the highest quarterly income figure the company had generated in a decade, according to a statement from CEO Kevin...

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