| Business Summary | | Argonaut
Group,
Inc.
is
a
national
provider
of
specialty
insurance
products
focused
on
customer
service
for
specific
niches
of
property-casualty
insurance.
Argonaut
Insurance
Company,
Argonaut
Group's
principal
insurance
subsidiary,
was
established
in
1948.
Workers'
compensation
is
the
primary
line
of
insurance
written
by
Argonaut
Insurance
and
its
subsidiaries,
Argonaut-Midwest
Insurance
Company,
Argonaut-Northwest
Insurance
Company,
Argonaut-Southwest
Insurance
Company
and
Georgia
Insurance
Company.
The
Company
has
two
primary
product
lines,
workers'
compensation
insurance
and
other
property-casualty
insurance.
On
August
23,
2001,
the
Company
acquired
Front
Royal,
Inc.,
an
insurance
holding
company
headquartered
in
Morrisville,
North
Carolina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Argonaut
Group,
Inc.
is
a
holding
company
whose
subsidiaries
are
primarily
engaged
in
the
underwriting,
selling,
and
servicing
of
workers
compensation
and
other
lines
of
property-casualty
insurance.
For
the
six
months
ended
6/30/01,
revenues
fell
10%
to
$101.1
million.
Net
income
totalled
$2.2
million
vs.
a
loss
of
$43.4
million.
Revenues
suffered
from
lower
gains
on
sales
of
investments.
Earnings
reflect
lower
losses
and
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Gary Woods, 56 Chairman | -- | -- | Mark Watson, III, 35 Pres,
CEO, Director | $88K | -- | James Halliday, 52 VP,
Sec., Treasurer | 221K | $321K | John Polak, 51 VP | 215K | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|