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2019 Mid-year Report

Mid-Year 2019 At A Glance


In the first six months of 2019, Argo Group demonstrated its digital leadership, grew its gross written premium and continued to create shareholder value.

Financial Performance

Gross Written Premium (in billions)

Argo Group gross written premium grew to $1.534 billion in the first half of 2019, an 8.6% increase compared to $1.413 billion in the first half of 2018.

$864.3 10.4% increase
Six Months Ended June 30, 2019

$669.3 6.2% increase
Six Months Ended June 30, 2019

$1.413 Six Months Ended June 30, 2018
$1.534 Six Months Ended June 30, 2019
Total Assets (in billions)

6.3% increase

$9.6 December 2018
$10.2 June 2019
Combined Ratio 

3.0% increase

96.1% Six Months Ended June 30, 2018
99.0% Six Months Ended June 30, 2019
Book Value Per Share 

9.4% increase

$51.43 December 2018
$56.28 June 2019

This 2019 Mid-Year Report may include forward-looking statements, both with respect to Argo Group and its industry, that reflect our current views with respect to future events and financial performance. Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as “expect,” “intend,” “plan,” “believe,” “do not believe,” “aim,” “project,” “anticipate,” “seek,” “will,” “likely,” “assume,” “estimate,” “may,” “continue,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” and similar expressions of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Argo Group’s control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements, and therefore, you should not place undue reliance on any such statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information, please see the Forward-Looking Statements disclosure in the 2019 Mid-Year Report.