Up-for-sale Argo’s Q3 CoR rises 0.8 points to 101.1%
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Up-for-sale Argo’s Q3 CoR rises 0.8 points to 101.1%

Jairo Ibarra
07 November 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
Argo Group logo absract financial.jpg

Argo’s Q3 combined ratio increased 0.8 points to 101.1% as a reserve charge in its US operation and margin deterioration in its international division impacted its underwriting performance, despite lower cat losses in the quarter.

The specialty insurer booked $11.9mn in net adverse prior-year reserve development, up from $6.2mn last year, fueled by a $16.2mn

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Results Argo
Jairo Ibarra II.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article