PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Argo Group International Holdings Ltd. (ARGO) on Monday reported a loss of $109.2 million in its fourth quarter.
The Pembroke, Bermuda-based company said it had a loss of $3.19 per share. Losses, adjusted for non-recurring costs, came to $2.69 per share.
The property and casualty insurance underwriter posted revenue of $383.7 million in the period. Its adjusted revenue was $379.4 million.
For the year, the company reported that its loss widened to $175.2 million, or $5.31 per share. Revenue was reported as $1.87 billion.
Argo Group shares have risen 13% since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.18, a decline of 31% in the last 12 months.
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