The Argo Group 2019 Mid-Year Report reflects the company’s progress and achievements amid challenges in the market. CEO Mark E. Watson III says the continuing innovation and implementation of digital platforms has helped lead to success during the first half of the year and shows that Argo is transforming into a digitally based company.
“We continue to deliver strong shareholder value creation despite some isolated claims volatility impacting the second quarter of 2019,” said Watson. “Our focus on increasing efficiency through digital enhancements and growing profitable business lines continues to yield positive results.”
Here are key results from the first half of 2019:
- Gross written premium: $1.5 billion, up 8.5% from the first half of 2018
- Net income: $120.0 million, compared to $66.6 million for the first half of 2018
- Net investment income: increased 10.8% to $76.7 million, compared to $69.2 million in the first half of 2018
- Combined ratio: 99%, 2.9 points better than the first half of 2018
See the full financial results.
Last year, Argo conducted the Future of Insurance survey among brokers and the small and medium enterprises (SMEs) it serves to gain insight about emerging trends, threats and opportunities.
This year, the company set out to see how perspectives have changed and introduced new questions to learn more about the day-to-day issues facing SMEs and brokers.
See the survey results.
Faces of innovation
The report also features a look at some of the innovators who are passionate about the industry and help shape the future of insurance. See how Argo invests in the personal and professional development of its employees and other insurance producers, including supporting those making a difference in their communities.
Explore the full Argo Group 2019 Mid-Year Report and Faces of Innovation special feature at argolimited.com/reports/2019-midyear-report/.