Argonaut Posts Improved First-Quarter Profit

NU Online News Service, May 9, 2:42 p.m. EDT?Argonaut Group Inc.'s first-quarter net income improved to $33.6 million, or $1.55 per share, compared to one year ago, thanks to better underwriting performances and also sales of some real estate holdings.

In the same period in 2002, the specialty insurer based in San Antonio, Texas, had a net income of $7.5 million, or 34 cents per diluted share.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.