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SCHEDULE III SUPPLEMENTAL INSURANCE INFORMATION
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]  
SCHEDULE III SUPPLEMENTAL INSURANCE INFORMATION
ARGO GROUP INTERNATIONAL HOLDINGS, INC.
SCHEDULE III
SUPPLEMENTAL INSURANCE INFORMATION
AS OF DECEMBER 31, 2024, 2023 AND 2022
(in millions)
Segment
DAC
(1)
Reserves for
Losses and Loss
Adjustment
Expenses
(2)
UPR
(3)
As of December 31, 2024
Casualty Lines25.1 2,416.6 323.8 
Specialty Lines9.6 643.1 245.3 
Run-off Lines17.4 2,738.9 229.7 
Total$52.1 $5,798.6 $798.8 
As of December 31, 2023
Casualty Lines2.9 2,211.7 319.3 
Specialty Lines1.0 675.8 244.8 
Run-off Lines3.3 2,657.0 352.5 
Total$7.2 $5,544.5 $916.6 
As of December 31, 2022
U.S. Operations109.4 3,718.1 893.4 
International Operations (4)
(2.4)1,100.4 146.5 
Run-off Lines— 233.1 — 
Total$107.0 $5,051.6 $1,039.9 
(1) Deferred acquisition costs.
(2) Future policy benefits, losses, claims and loss expenses.
(3) Unearned premiums.
(4) $993.4 million of gross reserves were reclassified as liabilities held-for-sale at December 31, 2022. Refer to the sale of Argo Underwriting Agency Limited in Note 2, “Recent Acquisitions, Disposals & Other Transactions” in our 2023 Form 10-K for additional information.
ARGO GROUP INTERNATIONAL HOLDINGS, INC.
SCHEDULE III
SUPPLEMENTAL INSURANCE INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 2024, FOR THE PERIOD NOVEMBER 16, 2023 THROUGH DECEMBER 31, 2023, JANUARY 1, 2023 THROUGH NOVEMBER 15, 2023, AND
FOR THE YEAR ENDED DECEMBER 31, 2022
(in millions)
Segment
Premium
Revenue
(1)
Net
Investment
Income
(2)
Loss
& LAE
(3)
Amortization
(Deferral)
DAC
(4) (5)
Other
Operating
Expenses
(6)
Net
Premiums
Written
(7)
Year Ended December 31, 2024
Casualty Lines546.1 112.4 432.2 (22.3)167.8 575.4 
Specialty Lines257.8 17.5 165.7 (8.6)74.8 244.3 
Run-off Lines285.9 119.9 420.4 (14.0)105.0 150.6 
Corporate and Other— — — — 174.3 — 
Total$1,089.8 $249.8 $1,018.3 $(44.9)$521.9 $970.3 
The Period from November 16, 2023 through December 31, 2023 (Successor)
Casualty Lines66.5 10.1 42.1 1.0 14.2 53.2 
Specialty Lines33.2 5.2 19.5 1.9 7.6 27.4 
Run-off Lines62.6 13.3 32.6 (10.1)23.3 43.7 
Corporate and Other— — — — 39.3 — 
Total$162.3 $28.6 $94.2 $(7.2)$84.4 $124.3 
The Period from January 1, 2023 through November 15, 2023 (Predecessor)
U.S. Operations1,101.6 99.9 935.1 19.9 349.7 1,002.7 
International Operations124.0 18.7 105.5 (10.9)36.9 141.8 
Run-off Lines0.3 2.7 2.6 — 0.9 0.2 
Corporate and Other— — — — 22.5 — 
Total$1,225.9 $121.3 $1,043.2 $9.0 $410.0 $1,144.7 
Year Ended December 31, 2022
U.S. Operations1,209.0 88.4 870.1 (3.5)436.3 1,196.2 
International Operations530.5 39.1 293.9 (7.0)212.3 544.5 
Run-off Lines0.9 2.3 2.9 — 1.6 0.8 
Corporate and Other— — — — 31.0 — 
Total$1,740.4 $129.8 $1,166.9 $(10.5)$681.2 $1,741.5 
(1) Premium revenue, net (premiums earned).
(2) Net investment income allocated based upon each segment’s share of investable funds.
(3) Benefits, claims, losses and settlement expenses.
(4) Amortization (deferral) of deferred acquisition costs.
(5) The amortization (deferral) of deferred acquisition costs will not equal the change in the balance sheet. See Note 1, “Business and Significant Accounting Policies” for further discussion.
(6) Other insurance expenses allocated based on specific identification, where possible, and related activities.
(7) Premiums written, net.