Argo Group (AGII) Tops Q1 EPS by 16c
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Argo Group Reports 93.6% Combined Ratio and 14.2% Annualized Net Income Return on Average Shareholders Equity for the First Quarter 2015
May 4, 2015 4:00 PM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Argo Group International Holdings, Ltd. (NASDAQ: AGII) today announced financial results for the three months ended March 31, 2015.
"Argo Groups first quarter results represent an encouraging start to 2015," said CEO Mark E. Watson III. "Our focus on improving margins and our total return investment strategy generated a 14.2% annualized return to shareholders.
HIGHLIGHTS FOR THE FIRST QUARTER ENDED MARCH 31, 2015:
Net income was $58.8 million or $2.05 per diluted share, compared to $40.2 million or $1.36 per diluted share for the first quarter of 2014.... More