Welcome to our dedicated page for Argo Group Intl news (Ticker: ARGO), a resource for investors and traders seeking the latest updates and insights on Argo Group Intl stock.
Argo Group International Holdings, Ltd. (NASDAQGS: ARGO) delivers specialty insurance and reinsurance solutions through its global operations. This news hub provides investors and industry professionals with timely updates on corporate developments across its core segments: Excess & Surplus Lines, Commercial Specialty, and International Specialty.
Access official press releases and market analysis covering ARGO's financial performance, strategic partnerships, and product innovations. Our curated collection simplifies tracking regulatory filings, leadership changes, and operational expansions in the property & casualty insurance sector.
Key updates include earnings announcements, reinsurance market positioning, and risk management initiatives. Bookmark this page for direct access to ARGO's latest corporate communications, enabling informed analysis of its market leadership in complex risk solutions.
Argo Group International Holdings, Ltd. (NYSE: ARGO) has declared a quarterly cash dividend of $0.31 per share on its common stock. This dividend is scheduled for payment on December 15, 2021, to shareholders of record on November 30, 2021. Argo specializes in underwriting specialty insurance products in the property and casualty market, operating primarily through U.S. and International segments. The company and its subsidiaries hold an 'A-' rating from Standard and Poor’s and A.M. Best.
Argo reported a strong financial performance for Q3 2021, achieving a net income of $19.8 million, or $0.56 per diluted share, compared to a net loss of $(25.1) million in Q3 2020. Operating income was $31.7 million or $0.91 per share, reflecting improved underwriting margins and reduced catastrophe losses of $27.3 million, down from $71.2 million in 2020. Gross written premiums decreased by 1.6% to $875.6 million, but ongoing business premiums grew by 17%. The combined ratio improved by 9.8 points to 100.3%, showcasing effective management strategies in the U.S. and international segments.
Argo Group International Holdings, Ltd. (NYSE: ARGO) will release its 2021 third quarter financial results after U.S. market close on November 2, 2021. An investor conference call is scheduled for November 3, 2021, at 10 a.m. EDT. This call will provide insights into Argo's financial performance, including vital metrics such as earnings and revenue. Access to the live webcast is available through a specified link, with a replay option provided for those unable to attend the live session. Argo is known for specialty insurance products, rated 'A-' by Standard & Poor's and A.M. Best.
Argo Group International Holdings (NYSE: ARGO) has agreed to sell its Brazilian operations, Argo Seguros Brasil S.A., to Spice Private Equity Ltd. for 160 million Brazilian Reais, approximately $30 million. The deal is subject to regulatory approval and is expected to close by the end of 2021. This strategic divestiture supports Argo Group's focus on U.S.-based specialty insurance risks, a move highlighted by Interim President Andy Borst as a significant milestone for Argo Brazil's evolution.
On September 13, 2021, Capital Returns Management, a significant shareholder of Argo Group (NYSE: ARGO), urged the company's Board of Directors to explore strategic alternatives, including a full sale. Capital Returns argues that the U.S. specialty business, with over $2 billion in gross written premiums, is undervalued due to capital constraints and the underperformance of international operations. They suggest a potential sale could yield at least $80 per share, significantly higher than the current price, which reflects a decline of approximately 33% over the past two and a half years.
Argo Group International Holdings, Ltd. (NYSE: ARGO) has announced several leadership changes aimed at simplifying its organizational structure. CEO Kevin Rehnberg stated that these appointments will further the company's strategic goals. Promotions include Susan Comparato as chief administrative officer, Andy Borst as interim president of International Operations, Gary Grose as president of Commercial Specialty, and Marsh Duncan as president of Excess & Surplus. The company has also confirmed the departures of Tim Carter and Matt Harris. Argo is focused on U.S. and international specialty insurance markets.
Argo Group International Holdings, Ltd. (NYSE: ARGO) declared a quarterly cash dividend of $0.31 per share on its common stock. This dividend will be paid on September 15, 2021 to shareholders of record as of August 31, 2021. Argo specializes in underwriting property and casualty insurance products, catering to unique business needs through its U.S. and International Operations. The company holds an 'A-' rating from Standard and Poor's and A.M. Best for its insurance subsidiaries, reflecting a solid financial position.
Argo Group International Holdings, Ltd. (ARGO) reported strong financial results for Q2 2021, achieving net income of $67.1 million ($1.92 per diluted share), a significant rebound from a net loss of $5.4 million in Q2 2020. Operating income rose to $56.1 million, driven by disciplined underwriting and investment contributions. Gross written premiums increased by 2.0% to $815.3 million, with a notable 25% growth in U.S. strategic areas, despite a decline in International premiums. The combined ratio improved to 95.4%, aided by lower catastrophe losses and better claims management.
Argo Group International Holdings, Ltd. (NYSE: ARGO) will release its 2021 second quarter financial results on August 2, 2021, after U.S. markets close. The management team will host an investor conference call on August 3, 2021, at 10 a.m. EDT to discuss these results. Interested participants can access the live webcast via this link or dial in at +1-877-291-5203 from the U.S. A replay will be available shortly after the call.
Argo Group International Holdings, Ltd. (NYSE: ARGO) has declared a quarterly cash dividend of $0.31 per share on its common stock. This dividend will be paid on June 4, 2021, to shareholders recorded on May 21, 2021. Argo specializes in underwriting specialty insurance products within the property and casualty market, providing tailored coverage solutions through its U.S. and International Operations. The company holds an 'A-' rating from Standard & Poor’s and A.M. Best.
