Argonaut Announces Net Profit

Argonaut Group, Inc. (NASDAQ: AGII) has announced consolidated net income of $1.9 million ($0.09 per diluted common share) on total revenue of $55.7 million for the second quarter of 2001, compared with $5.6 million ($0.26 per diluted common share) on total revenue of $59.5 million for the same quarter last year. For the six months ended June 30, 2001, the Company recorded a consolidated net income of $2.2 million ($.10 per diluted common share) on total revenue of $101.1 million, compared to a net loss of $43.4 million ($1.94 per diluted common share) on total revenue of $112.3 million for th...