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Schedule III Supplemental Insurance Information
 12 Months Ended
Dec. 31, 2022
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, 2022, 2021 AND 2020
(in millions)
Segment
DAC
(1)
Reserves for
Losses and Loss
Adjustment
Expenses
(2)
UPR
(3)
Premium
Revenue
(4)
Net
Investment
Income
(5)
Loss
& LAE
(6)
Amortization
(Deferral)
DAC
(7) (8)
Other
Operating
Expenses
(9)
Net
Premiums
Written
(10)
Year Ended December 31, 2022
U.S. Operations109.4 3,718.1 893.4 1,209.0 88.4 870.1 (3.5)436.3 1,196.2 
International Operations (11)
(2.4)1,100.4 146.5 530.5 39.1 293.9 (7.0)212.3 544.5 
Run-off Lines— 233.1 — 0.9 2.3 2.9 — 1.6 0.8 
Corporate and Other— — — — — — — 31.0 — 
Total$107.0 $5,051.6 $1,039.9 $1,740.4 $129.8 $1,166.9 $(10.5)$681.2 $1,741.5 
Year Ended December 31, 2021
U.S. Operations103.7 3,422.4 973.7 1,283.7 119.4 908.2 (5.8)425.1 1,304.8 
International Operations64.3 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. Operations98.2 3,091.9 939.2 1,207.6 80.3 768.7 (8.6)398.3 1,223.0 
International Operations65.4 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 
(1) Deferred policy acquisition costs.
(2) Future policy benefits, losses, claims and loss expenses.
(3) Unearned premiums.
(4) Premium revenue, net (premiums earned).
(5) Net investment income allocated based upon each segment’s share of investable funds.
(6) Benefits, claims, losses and settlement expenses.
(7) Amortization (deferral) of deferred policy acquisition costs.
(8) 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.
(9) Other insurance expenses allocated based on specific identification, where possible, and related activities.
(10) Premiums written, net.
(11) $993.4 million of gross reserves were reclassified as liabilities held-for-sale at December 31, 2022. See Note 2, “Recent Acquisitions, Disposals & Other Transactions”.
See the Report of the Independent Registered Public Accounting Firm.