Brief: Argo Group Expects To Report Pre-Tax Net Catastrophe Losses Of $29 Mln In Q1

Argo International Holdings

29/04/2020 23:19

April 29 (Reuters) - Argo Group International Holdings Ltd
 ARGO.N :
    * ARGO GROUP INTERNATIONAL HOLDINGS LTD -  EXPECTS TO REPORT
PRE-TAX NET CATASTROPHE LOSSES OF $29 MILLION IN Q1
    * ARGO GROUP INTERNATIONAL HOLDINGS LTD -  EXPECTS TO REPORT
PRE-TAX NET REALIZED AND UNREALIZED INVESTMENT LOSSES OF $162
MILLION IN Q1 OF 2020
    * ARGO GROUP INTERNATIONAL HOLDINGS LTD - NET PRIOR YEAR
RESERVE
DEVELOPMENT WAS NOT MATERIAL IN Q1 OF 2020
    * ARGO GROUP INTERNATIONAL HOLDINGS - CHARGES RELATED TO THE
COVID-19 PANDEMIC IN Q1 REPRESENT ESTIMATED LOSSES INCURRED
THROUGH MARCH 31, 2020
    * ARGO GROUP INTERNATIONAL HOLDINGS LTD - EXPECTS TO INCUR
SOME
ADDITIONAL LOSSES AND CLAIM RELATED EXPENSES IN SUBSEQUENT
QUARTERS
    * ARGO GROUP INTERNATIONAL HOLDINGS LTD - NET PRIOR YEAR
RESERVE
DEVELOPMENT WAS NOT MATERIAL IN Q1 OF 2020.

Source text for Eikon:  ID:nBw1vL0t4a 
Further company coverage:  ARGO.N 

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