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November 5, 2012
16:05 EDTAGIIArgo Group reports Q4 operating EPS 59c, consensus 57c
Gross written premiums were $485.5M, an of 8.2% over Q3 of 2011. The combined ratio was 102.3% compared to 113.3% in Q3 of 2011. Book value per share was $61.41 at September 30, 2012. The company said that given the recent nature of Hurricane Sandy, it is not yet possible to reasonably estimate losses given the "significant unknowns, the early stage of the damage assessment process and the unusual nature of this storm."
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