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Argo Group International Holdings, Ltd (ARGO) Q4 2020 Earnings Call Transcript

Argo Group International Holdings, Ltd. (ARGO) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Argo Group International Holdings, Ltd. (NYSE: ARGO) Popular Searches Operator Good day, and welcome to the Argo Group Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Brett Shirreffs. Please go ahead, sir. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our

Argo s Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M

Argo’s Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M February 3, 2021 Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51 million. Breaking down the overall total, Bermuda-based Argo expects to report Q4 natural catastrophe losses of approximately $38 million, primarily related to Hurricanes Delta and Zeta as well as changes in estimated losses from third quarter 2020 events. Approximately two-thirds of the natural catastrophe losses were generated in the company’s International Operations. In addition, Argo said it expects to report net losses of approximately $13 million due to the ongoing COVID-19 pandemic, primarily related to contingency exposures in Argo’s International Operations. The company’s loss estimates are pre-tax and net of reinsurance recoveries.

Argo to take fourth-quarter hit from catastrophe losses

Argo to take fourth-quarter hit from catastrophe losses
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