Argo Group International Holdings (ARGO) Misses Q2 EPS by 24c

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Go back to Argo Group International Holdings (ARGO) Misses Q2 EPS by 24c

Argo Group Reports Second Quarter 2022 Results

August 8, 2022 4:36 PM EDT

Well-Positioned for Continued Profitable Growth

Reduced Volatility: Total catastrophe losses were $2.5 million in the second quarter 2022; reflecting our strategy to reduce catastrophe exposure despite continued industry catastrophe losses this quarter.
  Achieved Further Strategic Growth: While net earned premiums decreased 3.4% from the prior year second quarter due to exited businesses, net earned premiums from ongoing business1 grew approximately 12.0%, primarily attributable to business lines where we retain more of the risk on a net basis.
  Delivered Expense Reductions: Expense ratio of 35.4% for the second quarter 2022... More