Argo Group International Holdings (ARGO) Misses Q3 EPS by 49c

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Go back to Argo Group International Holdings (ARGO) Misses Q3 EPS by 49c

Argo Group Reports Third Quarter 2022 Results

November 7, 2022 4:41 PM EST

Execution on Strategic Priorities Continues to Benefit Results

Simplified Business Model: As announced in September the company entered into a definitive agreement for the sale of Argo Underwriting Agency Limited and its Lloyd's Syndicate 1200. Continued Growth in Ongoing Business: U.S. Operations earned premiums increased approximately 2% from the prior year third quarter, while earned premiums from U.S. ongoing business1 grew approximately 14%, primarily attributable to business lines where the company retains more of the risk on a net basis. Reduced Catastrophe Losses: Total catastrophe losses of $23.4 million... More