Argo Group Int'l Q2 Profit Rises - Quick Facts

(RTTNews) - Argo Group International Holdings, Ltd. (AGII) Tuesday reported second-quarter profit of $31.7 million or $1.13 per share, up from $24.0 million or $0.84 per share in the same period last year.

Operating income for the quarter was $0.74 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.73 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $364.0 million from $318.0 million last year. Analysts expected revenues of $320.97 million.

Earned premiums increased to $327.5 million from $290.2 million last year. Net-investment income totaled $25.3 million, down from $30.0 million last year.

Combined ratio was 98.3 percent, compared to 102.5 percent last year.