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July 01, 2015 5:20 PM ET

Insurance

Company Overview of Argus Group Holdings Limited

Company Overview

Argus Group Holdings Limited, together with its subsidiaries, provides a range of insurance, retirement, and financial services to businesses and individuals primarily in Bermuda, Gibraltar, and Malta. It operates in four segments: Group Insurance, Life and Pensions, Property and Casualty, and All Other. The Group Insurance segment offers insured employee benefits, including group health, life, long-term disability, and employer’s indemnity coverage products. The Life and Pensions segment provides individual life insurance, annuities, and group retirement income plans. The Property and Casualty segment offers fire and windstorm, such as home and commercial property; all risks; liability; mar...

The Argus Building

14 Wesley Street

Hamilton,  HM 11

Bermuda

Founded in 2005

203 Employees

Phone:

441-295-2021

Fax:

441-292-6763

Key Executives for Argus Group Holdings Limited

Argus Group Holdings Limited does not have any Key Executives recorded.

Argus Group Holdings Limited Key Developments

Argus Group Holdings Limited Declares Interim Dividend, Payable on July 24, 2015; Announces Earnings Results for Year Ended March 31, 2015

The board of Argus Group Holdings Limited has declared an interim dividend of eight cents per share payable on July 24, 2015 for shareholders of record on July 10, 2015. The company announced earnings results for year ended March 31, 2015. For the year, the company reported a net profit of $16.0 million compared to $13.3 million in the year prior. Net premiums written increased by $13.4 million or 11%, arising from a combination of new business and very high client retention levels. Investment income increased by $7.9 million when compared to the prior year aided by further declines in global interest rates, which resulted in unrealised gains in the fixed income portfolios being reported for the year.

Argus Expands Operations to Riga

Argus announced that it has opened a new office in the Latvian capital of Riga, as the latest part of its global expansion plans.

Argus Group Holdings Limited Reports Earnings Results for the Six Months Ended September 30, 2014; Declares Dividend Payable on February 16, 2015

Argus Group Holdings Limited reported earnings results for the six months ended September 30, 2014. For the six months, the company reported net profit of $10.6 million compared to a net profit of $1.6 million for the corresponding period in 2013. Net premiums earned in the period increased by 18%, or $11.3 million, compared with the year prior. The Group reported an increase of $8.2 million in Investment income and Share of earnings of associates when compared with the prior year. The company has declared a dividend of 7 cents per share payable on February 16, 2015 for shareholders of record on January 30, 2015. This represents a final dividend based upon the audited financial statements of the Group for the year ended March 31, 2014.

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