Argo Group International Holdings (ARGO) Misses Q4 EPS by 280c

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Go back to Argo Group International Holdings (ARGO) Misses Q4 EPS by 280c

Argo Group Reports 2021 Fourth Quarter and Full Year Results

February 22, 2022 4:13 PM EST

Results Reflect Continued Progression of Strategic Plan 

Continued Strategic Growth: Net earned premium increased 4.2% in the fourth quarter of 2021; Strong net earned premium growth in our ongoing business1 of approximately 19.6%, supported by favorable market conditions Expense Ratio Improvement: Expense ratio of 35.3% for the fourth quarter of 2021 improved 2.9 points from the fourth quarter of 2020 and full year 2021 expense ratio of 36.8% improved 0.7 points compared to the same period in 2020 Reduced Catastrophe Losses: Total catastrophe losses of $6.8 million for the fourth quarter of 2021, down from $51.0 million in the fourth quarter of... More