Argo Group International Holdings (ARGO) Tops Q1 EPS by 14c

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Go back to Argo Group International Holdings (ARGO) Tops Q1 EPS by 14c

Argo Group Reports First Quarter 2022 Results

May 2, 2022 4:38 PM EDT

Further Progression of Strategic Plan Driving Improvement in Results 

Continued Strategic Growth: Net earned premium increased 3.1% in the first quarter 2022; strong net earned premium growth in our ongoing business1 of approximately 20.8% Disciplined Expense Focus: Expense ratio of 36.0% for the first quarter 2022 improved 1.8 percentage points from the first quarter 2021, driven by reduced General and Administrative expenses Improved Underwriting Performance: Combined ratio of 95.0% for the first quarter 2022 improved 8.8 percentage points from the first quarter 2021, driven by improvement in both the loss and expense... More