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ARGONAUT GROUP ANNOUNCES QUARTERLY DIVIDEND

 LOS ANGELES, Oct. 27 /PRNewswire/ -- Argonaut Group Inc. (NASDAQ-NMS: AGII) announced today that its board of directors has declared a regular quarterly cash dividend of $0.25 per common share. This dividend will be payable Nov. 23 to shareholders of record Nov. 9, 1993.
 Argonaut Group is primarily engaged in the selling, underwriting, and servicing of workers compensation and other lines of property- casualty insurance. Argonaut Group is traded on NASDAQ's National Market System, ticker symbol AGII.
 -0- 10/27/93
 /CONTACT: Jim Halliday, director, investor relations, Argonaut Group, 415-858-6602/
 (AGII)


CO: Argonaut Group Inc. ST: California IN: INS SU: DIV

NY-LS -- LA047 -- 7574 10/27/93 18:00 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
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