PEMBROKE, Bermuda (AP) _ Argo Group International Holdings Ltd. (ARGO) on Monday reported first-quarter net income of $29.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of 78 cents. Earnings, adjusted for non-recurring gains, came to 44 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The property and casualty insurance underwriter posted revenue of $523.6 million in the period. Its adjusted revenue was $510.5 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $483.6 million.

Argo Group shares have climbed 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.90, a climb of 68% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARGO at https://www.zacks.com/ap/ARGO