Argo grows operating income 24% on investment gains, core margins continue to strengthen
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

James Thaler
May 03, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
argo-group-2021-logo-pic-bermuda.jpg

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

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Bermuda Specialty lines Argo Earnings
JT
James Thaler
Gift this article