Argo Group International Holdings (ARGO) Tops Q2 EPS by $1.02
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Argo Group Reports 2021 Second Quarter Results
August 2, 2021 4:16 PM EDTNet Income EPS of $1.92 per diluted common share and Operating EPS of $1.60 per diluted common share driven by strong underwriting results and investment income
Underwriting Results: Improved underwriting margins and reduced catastrophe losses resulted in a combined ratio of 95.4%, Argo's best quarterly combined ratio in more than two years. Accelerating Growth: Strong growth in both U.S. and International after adjusting for recent business exits and underwriting actions; market conditions remain favorable for continued growth. Return on Equity: Annualized return on average common shareholders' equity was 15.6% in the second... More