July 30, 2016 5:06 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

204 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 Increase Interim Dividend, Payable on August 4, 2016; Reports Earnings Results for the Period Ended March 31, 2016

Argus Group Holdings Limited announced board to increase the interim dividend to 9 cents per share. This dividend will be paid on August 4, 2016 to shareholders of record on July 11, 2016. The company reported earnings results for the year ended March 31, 2016. For the year, the company reported net earnings to the shareholders of $7.3 million. Underlying earnings from business operations remain strong with net earnings of $15.3 million. Net Benefits and Claims increased by $9.0 million to $109.6 million primarily due to health claims returning to a more normal level after the unusually low claims incurred in the prior year.

Argus Group Holdings Limited Announces Earnings Results for the Six Months Ended September 30, 2015

Argus Group Holdings Limited announced earnings results for the six months ended September 30, 2015. For the period, the company reported net profit of $3.0 million, compared to a net profit of $10.6 million for the corresponding period in 2014. The increase in long-term interest rates during the six months have impacted the group’s fixed income portfolio, resulting in unrealized losses of $8.3 million reported for the period. Shareholders’ equity attributable to shareholders of the company has increased to $120.4 million, substantially in excess of the statutory capital required to conduct the group’s insurance and financial services businesses by the regulatory bodies to whom the Argus Group reports. As a result of a one-time new business transaction in the prior year, net premiums earned decreased by $7.1 million while net benefits and claims decreased by $8.0 million within the Life & Pensions division of the group where the reserves are increased in close proportion to the premiums received.

Argus Group Holdings Limited Declares Dividend, Payable on February 5, 2016

The board of Argus Group Holdings Limited has declared a dividend of 8 cents per share payable on February 5, 2016 for shareholders of record on January 22, 2016.

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