Argo Group Announces Second Quarter Results

Argo Group International Holdings, Ltd.

today announced financial results for the three and six months ended June 30, 2010. Highlights for the three months ended June 30, 2010: -- Total revenue was $362.4 million versus $403.8 million in the second quarter of 2009; -- Net income was $26.1 million or $0.86 per diluted share, compared to $21.9 million or $0.71 per diluted share for the three months ended June 30, 2009; -- Net pre-tax operating income, or pre-tax income before net realized investment gains and losses, foreign currency exchange gains and losses and an impairment charge, was $18.6 million versus $50.5 million in the second quarter of 2009; -- Net after-tax operating income per diluted share was $0.49 versus $1.31 per diluted share in the year-ago quarter.