Argo Group Reports 2021 First Quarter Results

Argo Group International Holdings, Ltd. (NYSE: ARGO) ("Argo" or the "Company") today announced financial results for the three months ended March 31, 2021. Argo reported first quarter 2021 net income attributable to common shareholders of $27.2 million or $0.78 per diluted common share, compared to a net loss attributable to common shareholders of $24.7 million or $(0.72) per diluted common share for the 2020 first quarter. Operating income in the first quarter of 2021 was $15.5 million or $0.44 per diluted common share, compared to operating income of $12.5 million or $0.36 per diluted common share for the 2020 first quarter.

"We are pleased with the improved underlying combined ratio of 93.4% during the quarter, which was our strongest result since 2016," said Argo Chief Executive Officer Kevin J. Rehnberg. "We believe the improvement in underwriting results this quarter is further evidence that the actions we have taken over the last two years are the right ones. This positive momentum is supported by our expense focus and positions us to take advantage of market opportunities and execute on our targeted growth strategy.

“While the first quarter included elevated catastrophe losses, we have made good progress on reducing our property exposure. We expect the majority of our targeted actions to be completed ahead of U.S. wind season. This will reduce our exposure to future events.”

 

First Quarter Consolidated Operating Highlights
$ in millions		Three Months Ended March 31,								Y/Y
Consolidated		2021				2020				Change
										Argo Group Intl NYSE:ARGO ARGO Rankings N/A Ranked by Market Cap N/A Ranked by Dividends ARGO Latest News Mar 24, 2025 Argo Group Announces Leadership Changes Nov 16, 2023 Brookfield Reinsurance Completes $1.1 Billion Acquisition of Argo Group Nov 8, 2023 Argo Group Reports Third Quarter 2023 Results Aug 21, 2023 Greg Chilson to Serve as President of Argo Surety Aug 7, 2023 Argo Group Reports Second Quarter 2023 Results ARGO Stock Data Float 35.08M Industry Direct Property and Casualty Insurance Carriers Sector Finance and Insurance Website Link Country BERM City Pembroke Related Articles Continue reading with these related stories $GMS Top Gainer GMS Inc. Confirms Receipt of Unsolicited Proposal from QXO, Inc. Jun 19, 2025 +10.61% $ACB Top Loser Aurora Cannabis Advises of Second False Article from Investing.com Jun 19, 2025 -20.41% $NECB Related NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend Jun 19, 2025 dividends $MCY Related 5 Tips to Help Parents Talk to Teens About Safe Driving Jun 19, 2025 $BMO Related BMO to Acquire Burgundy Asset Management Jun 19, 2025 acquisition $BSWGF Related Black Swan Graphene Releases Corporate Video Showcasing Operations Jun 19, 2025 $NROM Related Noble Roman's Announces Top Performance Month for Craft Pizza & Pub Segment Jun 19, 2025 $FRXIF Trending FRX Innovations Inc. Announces a Change in Auditor Jun 19, 2025 $BABYF Related ELSE NUTRITION ANNOUNCES DELAY IN FILING FINANCIAL STATEMENTS AND EXTENSION OF ANNUAL GENERAL MEETING OF SHAREHOLDERS Jun 19, 2025 View All Latest News Explore About Rhea-AI Sitemap Legal Terms of Use Cookie Notice Privacy Policy Links RSS feed Discord Server Facebook Reddit © 2020-2025 StockTitan.net Login Please enter your login and password Email address Password Forgot password? LOGIN Close Don't have an account? Sign Up! Forgot Password Please enter your email address Email address RECOVER Close Sign Up To create a free account, please fill out the form below. Username Email address Password I accept the user agreement Sign me up for the newsletter CREATE ACCOUNT Close Already have an account? Login