Argo Group posts 4Q profit

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02/14/2018 | 02:07 am

PEMBROKE, Bermuda (AP) _ Argo Group International Holdings Ltd. (AGII) on Tuesday reported fourth-quarter earnings of $28.9 million.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of 95 cents. Losses, adjusted for investment gains and pretax gains, came to 66 cents per share.

The property and casualty insurance underwriter posted revenue of $455.8 million in the period. Its adjusted revenue was $441.6 million.

Argo Group shares have fallen nearly 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $58.70, a fall of 11 percent in the last 12 months.

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

Automated Insights, source Associated Press News

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