Schedule VI Supplemental Information for Property-Casualty Insurance Companies

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Abstract]

Schedule VI Supplemental Information for Property-Casualty Insurance Companies

ARGO GROUP INTERNATIONAL HOLDINGS, LTD.

SCHEDULE VI

SUPPLEMENTAL INFORMATION FOR PROPERTY-CASUALTY INSURANCE COMPANIES

(in millions)

	For the Years Ended December 31,
	2022		2021		2020
Deferred acquisition costs (1)	$	107.0	$	168.0	$	163.6
Reserves for losses and loss adjustment expenses (1)	$	5,051.6	$	5,595.0	$	5,406.0
Unamortized discount in reserves for losses (1)	$	19.3	$	18.8	$	17.8
Unearned premiums (1)	$	1,039.9	$	1,466.8	$	1,464.8
Premiums earned	$	1,740.4	$	1,910.1	$	1,780.5
Net investment income	$	129.8	$	187.6	$	112.7
Losses and loss adjustment expenses incurred:
Current year	$	1,102.2	$	1,176.3	$	1,201.1
Prior years	64.7		138.3		7.7
Losses and loss adjustment expenses incurred	$	1,166.9	$	1,314.6	$	1,208.8
(Deferral) amortization of policy acquisition costs (2)	$	(10.5)	$	(15.8)	$	(9.3)
Paid losses and loss adjustment expenses, net of reinsurance	$	999.5	$	869.2	$	1,119.8
Gross premiums written	$	2,848.1	$	3,181.2	$	3,233.3

(1) As of December 31, 2022, balances related to AUA were reclassified held-for-sale. See Note 2, “Recent Acquisitions, Disposals & Other Transactions.”

(2) The amortization (deferral) of policy acquisition costs will not equal the change in the balance sheet. For further discussion, see Note 1, “Business and Significant Accounting Policies.”

See the Report of the Independent Registered Public Accounting Firm.