Argo beats as Q1 operating income jumps to $43.4mn and CR falls 8.8 points

Argo Group International Holdings ended Q1 2022 with a comfortable earnings beat as its operating income increased 180 percent and its combined ratio improved 8.8 points, while the carrier revealed it has agreed a loss portfolio transfer (LPT) for Syndicate 1200’s reserves for the 2018 and 2019 Years of Account.