Argo Group Comments on Results for Third Quarter 2019, Schedules Earnings Release and Conference Call
Argo Group International Holdings, Ltd. (ARGO)
Last argo group international holdings, ltd. earnings: 2/24 04:20 pm
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Argo Group International Holdings, Ltd. (“Argo” or the “Company”) (NYSE: ARGO) announced today that its results for the third quarter of 2019 will be adversely affected by several loss items, primarily related to its International Operations.“The adjustment made to our current and prior accident year loss expectations over the last two quarters is related to large loss activity, business we have previously exited or where we have taken aggressive underwriting actions to improve profitability,” said Argo Group CEO Mark E. Watson III. “These charges are a result of increased loss occurrence and a more challenging claims environment in some classes of business."Despite these challenges, we continue to experience strong results in our U.S. Operations and we are seeing rate improvement across several key lines of business both in the U.S. as well as in our International Operations.”Key items affecting the quarter include:Catastrophe losses of approxi
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