Argo Group International Holdings (ARGO) Reports Q2 Loss of $0.18
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Argo Group Reports 2020 Second Quarter Results
August 3, 2020 4:38 PM EDTOngoing Initiatives to Improve Underlying Profitability and Growth Showing Progress
Improved Underlying Results: GWP of $800 million, with 5.9% growth in the U.S. and 3.5% on a consolidated basis; combined ratio of 100.3% and CAY ex-CAT combined ratio of 93.0%; strongest U.S. underwriting income in Argo history. Operational Enhancement Actions: Announced new executive leadership team responsibilities; U.S. expense management and International re-underwriting initiatives yielding positive results; continued pricing improvement in both U.S. and International Operations. Capital Management Actions: Book value of $49.94 per share, a 6.1% increase including... More