Schedule III Supplemental Insurance Information

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]

Schedule III Supplemental Insurance Information

ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

SCHEDULE III

SUPPLEMENTAL INSURANCE INFORMATION

FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 AND 2019

(in millions)


Segment	DAC (a)		Reserves for Losses and Loss Adjustment Expenses (b)		UPR (c)		Premium Revenue (d)		Net Investment Income (l)		Loss & LAE (e)		Amortization (Deferral) DAC (f) (2)		Other Operating Expenses (3)		Net Premiums Written (g)
Year Ended December 31, 2021
U.S. Operations	103.7		3,422.4		973.7		1,283.7		119.4		908.2		(5.8)		425.1		1,304.8
International Operations	64.3		1,911.4		493.1		625.8		50.6		362.1		(10.0)		256.3		671.7
Run-off Lines	—		261.2		—		0.6		3.6		44.3		—		1.0		0.8
Corporate and Other	—		—		—		—		14.0		—		—		35.7		—
Total	$	168.0	$	5,595.0	$	1,466.8	$	1,910.1	$	187.6	$	1,314.6	$	(15.8)	$	718.1	$	1,977.3
Year Ended December 31, 2020
U.S. Operations	98.2		3,091.9		939.2		1,207.6		80.3		768.7		(8.6)		398.3		1,223.0
International Operations	65.4		2,077.6		525.4		572.5		26.7		428.6		(0.7)		242.3		586.6
Run-off Lines	—		236.5		0.2		0.4		4.0		11.5		—		1.7		0.5
Corporate and Other	—		—		—		—		1.7		—		—		34.7		—
Total	$	163.6	$	5,406.0	$	1,464.8	$	1,780.5	$	112.7	$	1,208.8	$	(9.3)	$	677.0	$	1,810.1
Year Ended December 31, 2019
U.S. Operations	89.7		2,775.1		896.1		1,119.9		100.0		690.4		(2.5)		371.2		1,166.3
International Operations	70.5		2,129.0		514.7		609.6		44.2		518.3		14.9		235.3		588.1
Run-off Lines	—		253.5		0.1		0.2		5.7		12.0		—		2.4		0.2
Corporate and Other	—		—		—		—		1.2		—		—		44.7		—
Total	$	160.2	$	5,157.6	$	1,410.9	$	1,729.7	$	151.1	$	1,220.7	$	12.4	$	653.6	$	1,754.6

(a) Deferred policy acquisition costs.

(b) Future policy benefits, losses, claims and loss expenses.

(d) Premium revenue, net (premiums earned).

(e) Benefits, claims, losses and settlement expenses.

(f) Amortization (deferral) of deferred policy acquisition costs.

(g) Premiums written, net.

(1) Net investment income allocated based upon each segment’s share of investable funds.

(2) The amortization (deferral) of DAC will not equal the change in the balance sheet. See Note 1, “Business and Significant Accounting Policies” for further discussion.

(3) Other insurance expenses allocated based on specific identification, where possible, and related activities.