Argo Group International Holdings (ARGO) Reports Q4 Loss of $0.52/sh

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Go back to Argo Group International Holdings (ARGO) Reports Q4 Loss of $0.52/sh

Argo Group Reports 2020 Fourth Quarter Results

February 17, 2021 4:25 PM EST

Underlying Underwriting Results Continue to Improve; Well-Positioned in 2021

Strategic Growth: Premium growth focused on strategic growth areas, including 7% increase in U.S. Operations during the fourth quarter and full year 2020. Rate Increases Continue: Rate change remains above 10% on average across Argo's business in the fourth quarter and continued to increase from recent periods. Underlying Margin Improvement: A combination of underwriting actions taken during 2020, better pricing, improved terms and expense progress are driving current accident year, ex-catastrophe underwriting margin expansion compared to 2019.

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