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Article: Argo Group Announces 2009 Third Quarter and Nine Month Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Argo Group International Holdings, Ltd. (NasdaqGS: AGII), an international underwriter of specialty insurance and reinsurance products, announced financial results for the three and nine months ended Sept. 30, 2009. Highlights for the three months ended Sept. 30, 2009: Total revenue was $383.8 million, up 9.2 percent over last year's third quarter;
Net income was $27.6 million versus a net loss of $8.8 million for the same three months in 2008;
Net operating income after tax was $25.4 million versus $12.2 million in the third quarter of 2008;
Book value per share at Sept. 30, 2009, rose 7.4 percent to $51.04 from $47.51 at June 30, 2009, and ...
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