Argo Group reports Q3 operating EPS 44c, consensus ($2.20)

Reports Q3 revenue $444.3M, two estimates $413.15M. "Over the past two years, we have transformed Argo, better positioning the company to advance our business strategies," said Argo Executive Chairman and Chief Executive Officer, Thomas A. Bradley. "In September, we announced the sale of our Lloyd’s operation, which marks a significant milestone in Argo becoming a focused, pure- play U.S. specialty insurer. Importantly, this transaction further simplifies our corporate structure, enables greater focus on our diverse portfolio of profitable and scalable U.S. specialty businesses, and better positions us to explore additional strategic alternatives to maximize shareholder value."