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.

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