Argo Group Announces 2010 Third Quarter EPS of $.77

Argo Group International Holdings, Ltd. AGII today announced financial results for the three and nine months ended Sept. 30, 2010.

Highlights for the three months ended Sept. 30, 2010:

• Total revenue was $333.3 million versus $380.5 million in the third quarter of 2009;
• Net income was $23.0 million or $0.77 per diluted share, compared to $27.6 million or $0.89 per diluted share for the three months ended Sept. 30, 2009;
• Net pre-tax operating income, or pre-tax income before net realized investment gains and losses and foreign currency exchange gains and losses, was $25.7 million versus $31.7 million in the third quarter of 2009;
• Net after-tax operating income per diluted share was $0.69 versus $0.82 per diluted share in the year-ago quarter;
• Book value per share (BVPS) increased to an all-time high of $58.30 at Sept.30, 2010, up 6.5 percent from June 30, 2010, and 14.2 percent from Sept. 30, 2009.