ARGO - Earnings announcements

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release fourth quarter and full year 2022 financial results after the close of U.S. financial markets on Monday, February 27, 2023. An investor conference call in connection with the earnings release will not be conducted due to the company's recent announcement it has entered into a definitive merger agreement to be acquired by Brookfield Reinsurance. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS LTD. Argo Group International Holdings Ltd. (NYSE:ARGO) is an underwriter of specialty insurance products in the property and casualty market. Argo offers a full line of products and services designed to meet the uniq

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 were 14% lower than the third quarter 2021 despite elevated industry cat

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release third quarter 2022 financial results after the close of U.S. financial markets on Monday, November 7, 2022. Argo management will conduct an investor conference call starting at 10 a.m. EST on Tuesday, November 8, 2022. Instructions for Connecting to the November 8, 2022 Conference Call A live webcast of the conference call can be accessed at https://events.q4inc.com/attendee/631519581. Participants in the U.S. can access the call by dialing +1-844-200-6205 (access code 326394). Callers dialing from outside the U.S. can access the call by dialing +1-929-526-1599 (access code 326394). Please ask the

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 improved 2.3 percentage points from a year ago, driven by

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release second quarter 2022 financial results after the close of U.S. financial markets on Monday, August 8, 2022. Argo management will conduct an investor conference call starting at 10 a.m. EDT on Tuesday, August 9, 2022. Instructions for Connecting to the August 9, 2022 Conference Call A live webcast of the conference call can be accessed at https://events.q4inc.com/attendee/108878366. Participants in the U.S. can access the call by dialing +1-844-200-6205 (access code 995303). Callers dialing from outside the U.S. can access the call by dialing +1-929-526-1599 (access code 995303). Please ask the oper

Further Progression of Strategic Plan Driving Improvement in Results  Continued Strategic Growth: Net earned premium increased 3.1% in the first quarter 2022; strong net earned premium growth in our ongoing business1 of approximately 20.8% Disciplined Expense Focus: Expense ratio of 36.0% for the first quarter 2022 improved 1.8 percentage points from the first quarter 2021, driven by reduced General and Administrative expenses Improved Underwriting Performance: Combined ratio of 95.0% for the first quarter 2022 improved 8.8 percentage points from the first quarter 2021, driven by improvement in both the loss and expense ratio Reduced Catastrophe Losses: Total catastrophe losses o

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release 2022 first quarter financial results after the close of U.S. financial markets on Monday, May 2, 2022. Argo management will conduct an investor conference call starting at 10 a.m. EDT on Tuesday, May 3, 2022. Instructions for Connecting to the May 3, 2022 Conference Call A live webcast of the conference call can be accessed at https://events.q4inc.com/attendee/495152082. Participants in the U.S. can access the call by dialing +1-844-200-6205 (access code 525096). Callers dialing from outside the U.S. can access the call by dialing +1-929-526-1599 (access code 525096). Please ask the operator to be

Results Reflect Continued Progression of Strategic Plan  Continued Strategic Growth: Net earned premium increased 4.2% in the fourth quarter of 2021; Strong net earned premium growth in our ongoing business1 of approximately 19.6%, supported by favorable market conditions Expense Ratio Improvement: Expense ratio of 35.3% for the fourth quarter of 2021 improved 2.9 points from the fourth quarter of 2020 and full year 2021 expense ratio of 36.8% improved 0.7 points compared to the same period in 2020 Reduced Catastrophe Losses: Total catastrophe losses of $6.8 million for the fourth quarter of 2021, down from $51.0 million in the fourth quarter of 2020 and full year 2021 catastrophe los

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO), announced today that its results for the fourth quarter of 2021, which ended December 31, 2021, will be negatively affected by adverse prior year reserve development and non-operating charges, summarized in more detail below. Items affecting the fourth quarter 2021 financial results include: Argo expects net adverse prior year reserve development to be in the range of $130 million to $140 million for the 2021 fourth quarter. Prior year adverse development was the result of the recently concluded fourth quarter 2021 reserve review. The largest reserve increases were related to construction defect claims within Argo's U.S. Opera

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO) announced today it will release 2021 fourth quarter financial results after the close of U.S. financial markets on Tuesday, February 22, 2022. Argo management will conduct an investor conference call starting at 10 a.m. EST on Wednesday, February 23, 2022. Instructions for Connecting to the February 23, 2022 Conference Call A live webcast of the conference call can be accessed at https://events.q4inc.com/attendee/348613512. Participants in the U.S. can access the call by dialing +1-844-200-6205 (access code 097416). Callers dialing from outside the U.S. can access the call by dialing +1-929-526-1599 (access code 097416). Please

Net Income EPS of $0.56 per diluted common share and Operating Income EPS of $0.91 per diluted common share driven by continued strong growth in the ongoing business, reduced catastrophe exposure and increased investment income Continued Growth: Strong growth from the ongoing business in both the U.S. and International segments reflecting underwriting actions; market conditions remain favorable for continued growth Reduced Catastrophe Losses: Total catastrophe losses of $27.3 million, down from $71.2 million in the third quarter of 2020 Improved Underwriting Margin: The combined ratio improved 9.8 points, reflecting continued growth in strategic lines, reduced impact of ceded reinsura

Argo Group International Holdings, Ltd. ("Argo") (NYSE:ARGO), announced today it will release 2021 third quarter financial results after the close of U.S. financial markets on Tuesday, November 2, 2021. Argo management will conduct an investor conference call starting at 10 a.m. EDT on Wednesday, November 3, 2021. Instructions for Connecting to the November 3, 2021, Conference Call A live webcast of the conference call can be accessed at https://events.q4inc.com/attendee/225554513. Participants in the U.S. can access the call by dialing +1-844-200-6205 (access code 199691). Callers dialing from outside the U.S. can access the call by dialing +1-929-526-1599 (access code 199691). Please as

Net Income EPS of $1.92 per diluted common share and Operating EPS of $1.60 per diluted common share driven by strong underwriting results and investment income Underwriting Results: Improved underwriting margins and reduced catastrophe losses resulted in a combined ratio of 95.4%, Argo's best quarterly combined ratio in more than two years. Accelerating Growth: Strong growth in both U.S. and International after adjusting for recent business exits and underwriting actions; market conditions remain favorable for continued growth. Return on Equity: Annualized return on average common shareholders' equity was 15.6% in the second quarter; annualized operating return on average common shar