During this time, we achieved some notable results, including breaking gross written premium records in the U.S. and overall. This is thanks to strong outcomes in some of our most profitable lines of business. These results were tempered by losses and reserving actions that were disappointing, but which resulted from lines of business we have exited or where remedial action has taken place.
2019 demonstrated for us where our strengths truly lie, and we started work to increase our focus on opportunities to emulate the successes we have seen in the U.S. across Argo as a whole.
We continue to assess every aspect of our business and make decisions to drive Argo toward sustained profitability. We are focused on disciplined action and on doing everything we can to ensure strong returns on investment for our shareholders.
Our expertise and value as a specialty insurer is clearer than ever – a value proposition that is obvious to Argo’s investors, customers and employees.