Argo Group International Holdings (ARGO) Tops Q2 EPS by 4c

Argo Group International Holdings (NYSE: ARGO) reported Q2 EPS of $0.95, $0.04 better than the analyst estimate of $0.91.

“Improved underwriting results in both the second quarter and the first six months of 2018 reflect the continued execution of our business plan,” said CEO Mark E. Watson III. “In our U.S. Operations, gross written premiums were up over 12% in the quarter with continued strong underlying margins. In our International Operations, we reduced exposure to select risks, and allocated capital and resources where we can earn more attractive returns. In addition, we are making progress in our ongoing expense initiatives. The overall expense ratio improved by 1.3 points in the second quarter of 2018 to 37.5% compared to the same period in 2017, reflecting the streamlining of operations, our digital initiatives and use of technology, all while making continued investments in our strategic growth areas.”

For earnings history and earnings-related data on Argo Group International Holdings (ARGO) click here.

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