August 27, 2014 1:59 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. It operates in four segments: Insured Employee Benefits, Life and Pensions, Property and Casualty, and All Other. The Insured Employee Benefits segment offers group health, life and 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, including home and commercial property; various risks; liability; marine; and motor coverage produc...

The Argus Building

14 Wesley Street

Hamilton,  HM 11

Bermuda

Founded in 2005

202 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 Dividend Payable on February 28, 2014

Argus Group Holdings Limited announced that it has declared a dividend of six cents per share payable on February 28, 2014 for shareholders of record on January 15, 2014. This represents a final dividend based upon the audited financial statements of the Group for the year ended March 31, 2013.

Argus Group Holdings Limited Reports Earnings Results for the Six Months Ended September 30, 2013

Argus Group Holdings Limited reported earnings results for the six months ended September 30, 2013. The company announced a net profit of $1.6 million for the six months ended September 30, 2013, compared to a net profit of $7.1 million for the corresponding period in 2012. In the six months under review, the Group reported an Investment loss of $3.2 million due mainly to unrealised losses emanating from its fixed income portfolios.

Argus Group Holdings Limited Announces Earnings Results for the Year Ended March 31, 2013

Argus Group Holdings Limited announced earnings results for the year ended March 31, 2013. For the period, the company reported earnings of $12.6 million compared to $1.7 million in the prior year. Shareholders’ equity was $95.5 million, representing an increase from $83.8 million one year ago. The earnings per share for the year were $0.60 compared to $0.08 last year. Net premiums written decreased by $2.8 million or 2% and net Benefits and claims decreased by 1% as increasing healthcare costs were offset by lower than expected claims experience primarily in the area of overseas healthcare.

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