Argo Group Int'l Q2 Profit Rises

(RTTNews) - Argo Group International Holdings, Ltd. (AGII) reported that its second-quarter net income increased to $38.6 million or $1.45 per share from $31.7 million or $1.13 per share in the comparable quarter last year.

Operating income per share for the latest second quarter was $0.89, up from $0.74 per share in the prior year period. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.81 for the quarter. Analysts' estimates typically exclude special items.

Total revenue increased to $375.2 million from $364.0 million, while earned premiums for the latest second quarter were $336.1 million, up from 327.5 million last year. Analysts expected revenue of $342.99 million, for the quarter.