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Argo plunges in red with net loss of $19 million

Posted On: Aug. 10, 2022 9:53 AM CST

Bermuda-based insurer Argo Group International Holdings Ltd. posted a net loss of nearly $19 million in the second quarter of the year as compared to a net income of $67 million in the year-ago comparable period, The Royal Gazette reported. The insurer slipped into the red after incurring a loss on the sale of its Malta operations, ArgoGlobal Holdings, as well as investment losses.