Argo grows operating income 24% on investment gains, core margins continue to strengthen
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Argo grows operating income 24% on investment gains, core margins continue to strengthen

James Thaler
May 03, 2021
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Argo improved core underwriting margins and boosted operating income by 24%, but fell to an underwriting loss in the first quarter as the company was weighed down by $48mn in catastrophe losses, predominantly from Winter Storm Uri.

The US-focused specialty insurer reported $0.44 a share in operating income, a more than 22% improvement on the year before and much better than the $0.07

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NewsResultsBermudaSpecialty linesArgoEarnings
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James Thaler
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