Argo Group International Holdings (ARGO) Misses Q1 EPS by $1.25
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Argo Group Reports First Quarter 2023 Results
May 8, 2023 4:46 PM EDTArgo Shareholders Approve Proposed Merger with Brookfield ReinsuranceÂ
Reduced Catastrophe Losses: Total catastrophe losses of $3.6 million were 59% lower than the first quarter 2022; reflects volatility reduction efforts through exiting businesses with property catastrophe exposure. Disciplined Expense Focus: Expense ratio of 35.1% improved 90 basis points from the prior year first quarter, driven in part by ongoing cost reduction efforts. Continued Strategic Growth in U.S. Ongoing Business: U.S. Operations earned premiums decreased 3% from the prior year first quarter,... More