Ariel Re bolsters top line growth as Argo beats

Argo Group reported a comfortable second quarter earnings beat
that featured strong top-line growth buoyed by its recent Ariel Re
acquisition and an increase in operating profit that included
higher net investment income.
The Bermudian specialty (re)insurer generated a 10 percent gain
in operating profit to $40.7mn for the period.
At $1.31 a share, that was also $0.28 higher than the $1.03
forecast of five analysts polled by MarketWatch.
Gross written premiums (GWP) climbed almost 23 percent to