Argo Group posts 4Q profit

Argo Group posts profit of $32.9 million in 4th quarter

PEMBROKE, Bermuda (AP) _ Argo Group International Holdings Ltd. (AGII) on Monday reported fourth-quarter profit of $32.9 million.

The Pembroke, Bermuda-based company said it had profit of $1.07 per share. Earnings, adjusted for investment gains, came to 65 cents per share.

The property and casualty insurance underwriter posted revenue of $405.4 million in the period. Its adjusted revenue was $392.1 million.

For the year, the company reported profit of $146.7 million, or $4.75 per share. Revenue was reported as $1.55 billion.

Argo Group shares have climbed slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $65.95, a rise of 37 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGII at https://www.zacks.com/ap/AGII

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Keywords: Argo Group, Earnings Report

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