Argo Group’s net income increased 362% to $59m in Q2’25

Argo Group International Holdings, Ltd. reported a net income of $58.8 million for the second quarter of 2025, marking a significant 362.2% increase compared to $12.7 million in the same quarter a year earlier.

Net income attributable to common shareholders was $56.1 million, up notably from $10 million in Q2’24.

Total revenue amounted to $336.5 million, down from $380.7 million.

Net earned premiums totalled $229.7 million, a decrease from $289.9 million.

Net investment income increased to $69.4 million from $66 million.

Total expenses stood at $261.7 million, significantly lower than $362.4 million a year earlier.

Consolidated losses and loss adjustment expenses were $156.1 million, down from $226.7 million.

The loss ratio for the three months ended June 30, 2025, was 68.0%, compared to 78.2% for the same period in 2024.

Catastrophe losses of $7.5 million (3.3 percentage points) were mainly attributable to U.S. storms, compared to $6.7 million (2.3 percentage points) a year prior.

The expense ratio fell to 38.0% from 40.3%, primarily driven by a lower acquisition expense ratio as a result of business mix due to the businesses put into run-off having higher acquisition costs and lower non-acquisition costs.