阿戈集团国际控股有限公司系列A优先股2025年季度报告

Washington, D.C. 20549 FORM10-Q (Mark One) ☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period endedMarch31, 2025 Commission file number:1-15259 ARGO GROUP INTERNATIONAL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction ofincorporation or organization)501 7th Avenue 7th FloorNew York10018 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth If an emerging growth company, indicate by check mark whether the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of May8, 2025. As of May8, 2025, the registrant had13shares of common stock outstanding. Argo Group International Holdings, Inc. meets the conditions set forth in General Instruction H(1)(a) and (b) for Form 10-Q and therefore is filingthis Form 10-Q in the reduced disclosure format. ARGO GROUP INTERNATIONAL HOLDINGS, INC. INDEX PART I. Financial Information(unaudited) Item 1.Condensed Consolidated Financial StatementsCondensed Consolidated Balance Sheets as ofMarch31, 2025and December 31, 2024Condensed Consolidated Statements of Income (Loss) for the threemonths endedMarch31, 2025and 2024Condensed Consolidated Statements of Comprehensive Income (Loss) for the threemonths endedMarch31, 2025and2024Condensed Consolidated Statements of Stockholders’ Equity for the threemonths endedMarch31, 2025and 2024Condensed Consolidated Statements of Cash Flows for thethreemonths endedMarch31, 2025and 2024Notes to Condensed Consolidated Financial Statements1. Business and Significant Accounting Policies2. Recently Issued Accounting Pronouncements3. Investments4. Allowance for Credit Losses205. Reserves for Losses and Loss Adjustment Expenses216. Disclosures about Fair Value of Financial Instruments227. Stockholders' Equity238. Accumulated Other Comprehensive Income (Loss)239. Supplemental Cash Flow Information2410. Underwriting, Acquisition and General Expenses2411. Income Taxes2412. Commitments and Contingencies2613. Segment Information2714. Related Party Transactions2915. Subsequent Events29Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29 Item 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II. Other Information Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures ARGO GROUP INTERNATIONAL HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (in millions, except number of shares and per share amounts)(Unaudited) (in millions, except number of shares and per share amounts)(Unaudited) ARGO GROUP INTERNATIONAL HOLDINGS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Business and Significant Accounting Policies The accompanying Condensed Consolidated Financial Statements of Argo Group International Holdings, Inc. and its subsidiaries(“Argo Group,” “we,” “us,” “our” or the “Company”) have been prepared in accordance with U.S. generally accepted accountingprinciples (“GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X. Argo On November 16, 2023, we merged with Brookfield Wealth Solutions Ltd. (formerly known as Brookfield Reinsurance Ltd.), whichresulted in a change to the Company’s ownership (the “Merger”). As a result of the Merger, and overall strategic shift, the Companychanged its internal segments in a manner that caused the composition of its reporting segments to change in the fourth quarter of2024. The Company’s reporting segments were realigned tothreereportable segments—Casualty Lines, Specialty Lin