Junior Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Junior Subordinated Debentures

A summary of the terms of the acquired debt outstanding is presented below:

December 31, 2019

(in millions)
Issue Date	Maturity	Rate Structure	Interest Rate at December 31, 2019		Principal at December 31, 2019		Carrying Value at December 31, 2019
9/15/2007	9/15/2037	3 month LIBOR + 3.15%	5.04	%	$	91.8	$	84.7

December 31, 2018

(in millions)
Issue Date	Maturity	Rate Structure	Interest Rate at December 31, 2018		Principal at December 31, 2018		Carrying Value at December 31, 2018
9/15/2007	9/15/2037	3 month LIBOR + 3.15%	5.94	%	$	91.8	$	84.3

A summary of our outstanding junior subordinated debentures is presented below:

December 31, 2019

(in millions)
Issue Date	Trust Preferred Pools	Maturity	Rate Structure	Interest Rate at December 31, 2019	Amount
Argo Group
5/15/2003	PXRE Capital Statutory Trust II	5/15/2033	3M LIBOR + 4.10%	6.01%	$	18.1
11/6/2003	PXRE Capital Trust VI	9/30/2033	3M LIBOR + 3.90%	5.84%	10.3
Argo Group US
5/15/2003	Argonaut Group Statutory Trust I	5/15/2033	3M LIBOR + 4.10%	6.01%	15.5
12/16/2003	Argonaut Group Statutory Trust III	1/8/2034	3M LIBOR + 4.10%	6.09%	12.3
4/29/2004	Argonaut Group Statutory Trust IV	4/29/2034	3M LIBOR + 3.85%	5.76%	13.4
5/26/2004	Argonaut Group Statutory Trust V	5/24/2034	3M LIBOR + 3.85%	5.76%	12.3
5/12/2004	Argonaut Group Statutory Trust VI	5/12/2034	3M LIBOR + 3.80%	5.70%	13.4
9/17/2004	Argonaut Group Statutory Trust VII	12/15/2034	3M LIBOR + 3.60%	5.49%	15.5
9/22/2004	Argonaut Group Statutory Trust VIII	9/22/2034	3M LIBOR + 3.55%	5.48%	15.5
10/22/2004	Argonaut Group Statutory Trust IX	12/15/2034	3M LIBOR + 3.60%	5.49%	15.5
9/14/2005	Argonaut Group Statutory Trust X	9/15/2035	3M LIBOR + 3.40%	5.29%	30.9
	Total Outstanding				$	172.7

December 31, 2018

(in millions)
Issue Date	Trust Preferred Pools	Maturity	Rate Structure	Interest Rate at December 31, 2018	Amount
Argo Group
5/15/2003	PXRE Capital Statutory Trust II	5/15/2033	3M LIBOR + 4.10%	6.72%	$	18.1
11/6/2003	PXRE Capital Trust VI	9/30/2033	3M LIBOR + 3.90%	6.70%	10.3
Argo Group US
5/15/2003	Argonaut Group Statutory Trust I	5/15/2033	3M LIBOR + 4.10%	6.72%	15.5
12/16/2003	Argonaut Group Statutory Trust III	1/8/2034	3M LIBOR + 4.10%	6.54%	12.3
4/29/2004	Argonaut Group Statutory Trust IV	4/29/2034	3M LIBOR + 3.85%	6.47%	13.4
5/26/2004	Argonaut Group Statutory Trust V	5/24/2034	3M LIBOR + 3.85%	6.54%	12.3
5/12/2004	Argonaut Group Statutory Trust VI	5/12/2034	3M LIBOR + 3.80%	6.59%	13.4
9/17/2004	Argonaut Group Statutory Trust VII	12/15/2034	3M LIBOR + 3.60%	6.39%	15.5
9/22/2004	Argonaut Group Statutory Trust VIII	9/22/2034	3M LIBOR + 3.55%	6.37%	15.5
10/22/2004	Argonaut Group Statutory Trust IX	12/15/2034	3M LIBOR + 3.60%	6.39%	15.5
9/14/2005	Argonaut Group Statutory Trust X	9/15/2035	3M LIBOR + 3.40%	6.19%	30.9
	Total Outstanding				$	172.7

A summary of the notes outstanding at December 31, 2019 and 2018 is presented below:

December 31, 2019 

(in millions)
Currency	Issue Date	Maturity	Rate Structure	Interest Rate at December 31, 2019	Amount
U.S. Dollar	12/8/2004	11/15/2034	6 month LIBOR + 4.2%	6.41%	$	6.5
U.S. Dollar	10/31/2006	1/15/2036	6 month LIBOR + 4.0%	6.21%	10.0
Total U.S. Dollar notes					16.5
Euro	9/6/2005	8/22/2035	3 month LIBOR + 4.0%	3.58%	13.3
Euro	10/31/2006	11/22/2036	3 month LIBOR + 4.0%	3.58%	11.6
Euro	6/8/2007	9/15/2037	3 month LIBOR + 3.9%	3.47%	14.9
Total Euro notes					39.8
Total notes outstanding					$	56.3

December 31, 2018

(in millions)
Currency	Issue Date	Maturity	Rate Structure	Interest Rate at December 31, 2018	Amount
U.S. Dollar	12/8/2004	11/15/2034	6 month LIBOR + 4.2%	6.72%	$	6.5
U.S. Dollar	10/31/2006	1/15/2036	6 month LIBOR + 4.0%	6.52%	10.0
Total U.S. Dollar notes					16.5
Euro	9/6/2005	8/22/2035	3 month LIBOR + 4.0%	3.68%	13.8
Euro	10/31/2006	11/22/2036	3 month LIBOR + 4.0%	3.68%	12.0
Euro	6/8/2007	9/15/2037	3 month LIBOR + 3.9%	3.59%	15.5
Total Euro notes					41.3
Total notes outstanding					$	57.8