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March 28, 2015 12:08 AM 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 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.

Argus Group Holdings Limited Announces Earnings Results for the Year Ended March 31, 2014

Argus Group Holdings Limited announced earnings results for the year ended March 31, 2014. For the period, the company reported earnings of $13.2 million compared to $12.8 million a year ago. The company reported a return on average shareholders’ equity of 13.2% compared to 14.5% a year ago, earnings per share were $0.63 compared to $0.61 a year ago. Net premiums written increased by $3.0 million or 2% from a combination of new business and high client retention levels. The company reported an unrealized loss on its fixed income portfolio of $5.3 million compared to a $2.7 million gain in 2013.

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