Argo reports 21.9-point drop in CoR to 100.5%, takes another US reserve charge
  • 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

Argo reports 21.9-point drop in CoR to 100.5%, takes another US reserve charge

Argo Group logo absract financial.jpg

Argo’s combined ratio in Q4 2022 declined 21.9 points to 100.5% as the insurer’s US operations booked lower reserve charges compared with Q4 2021.

The US unit recorded $36.6mn of net unfavorable development in Q4 last year, primarily driven by liability lines for accident years 2019 and prior in businesses the company exited.

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
Gift this article