Argo swings to $52m net income for 2012
International specialty insurer and reinsurer Argo has reported post-tax income of $52.3m for the year ending 31 December, recovering from a loss of $81.9m in 2011.
The result was aided by a sharp fall in catastrophe losses in 2012, in spite of a $47.9m hit in Q4 from Superstorm Sandy alone.
Cat losses for the year, pre-tax and net of reinsurance and estimate
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