Argo Group Files Q2 2025 10-Q Report
| Field | Detail |
|---|---|
| Company | Argo Group International Holdings, Inc. |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.00, $0.1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, debt, preferred-stock
Related Tickers: ARGO, ARGD, ARGO/PA
TL;DR
Argo Group (ARGO) filed its 10-Q for Q2 2025. All good.
AI Summary
Argo Group International Holdings, Inc. filed its quarterly report for the period ended June 30, 2025. The company is incorporated in Delaware and its principal executive offices are located in New York. Argo Group has senior notes due 2042 and preferred stock, Series A, listed on the New York Stock Exchange.
Why It Matters
This filing provides investors with an update on Argo Group's financial performance and operational status for the second quarter of 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly filing and does not contain immediate red flags.
Key Players & Entities
- Argo Group International Holdings, Inc. (company) — Registrant
- June 30, 2025 (date) — Quarterly period end date
- Delaware (location) — State of incorporation
- New York (location) — Principal executive offices
- 6.500% Senior Notes due 2042 (financial_instrument) — Debt instrument
- ARGD (ticker) — Trading symbol for Senior Notes
- 7.00% Resettable Fixed Rate Preferred Stock, Series A (financial_instrument) — Preferred stock
- ARGO/PA (ticker) — Trading symbol for Preferred Stock
- New York Stock Exchange (company) — Exchange where securities are registered
FAQ
What is the primary purpose of this Form 10-Q filing?
The Form 10-Q is a quarterly report filed by Argo Group International Holdings, Inc. to provide an update on its financial performance and operations for the quarterly period ended June 30, 2025.
Which stock exchange are Argo Group's 6.500% Senior Notes due 2042 listed on?
The 6.500% Senior Notes due 2042 issued by Argo Group US, Inc. are registered on the New York Stock Exchange under the trading symbol ARGD.
What is the par value of the Preferred Stock, Series A?
The Depositary Shares, Each Representing a 1/1000th Interest in 7.00% Resettable Fixed Rate Preferred Stock, Series A, have a par value of $1.00 Per Share.
In which state was Argo Group International Holdings, Inc. incorporated?
Argo Group International Holdings, Inc. was incorporated in Delaware.
Does Argo Group have any outstanding debt instruments mentioned in this filing?
Yes, the filing mentions the 6.500% Senior Notes due 2042 issued by Argo Group US, Inc.
Filing Stats: 4,694 words · 19 min read · ~16 pages · Grade level 7.1 · Accepted 2025-08-07 16:34:55
Key Financial Figures
- $1.00 — te Preferred Stock, Series A, Par Value $1.00 Per Share ARGO/PA New York Stock Excha
- $0.1 — ciated with unrealized losses less than $0.1 are not presented in the table above.
Filing Documents
- argo-20250630.htm (10-Q) — 2053KB
- exhibit101.htm (EX-10.1) — 43KB
- ex31106302025.htm (EX-31.1) — 11KB
- ex31206302025.htm (EX-31.2) — 11KB
- ex32106302025.htm (EX-32.1) — 7KB
- ex32206302025.htm (EX-32.2) — 7KB
- exhibit101001.jpg (GRAPHIC) — 217KB
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- 0001628280-25-038938.txt ( ) — 19603KB
- argo-20250630.xsd (EX-101.SCH) — 63KB
- argo-20250630_cal.xml (EX-101.CAL) — 120KB
- argo-20250630_def.xml (EX-101.DEF) — 359KB
- argo-20250630_lab.xml (EX-101.LAB) — 749KB
- argo-20250630_pre.xml (EX-101.PRE) — 557KB
- argo-20250630_htm.xml (XML) — 2623KB
Financial Information (unaudited)
PART I. Financial Information (unaudited) 3
Condensed Consolidated Financial Statements
Item 1. Condensed Consolidated Financial Statements 3 Condensed Consolidated Balance Sheets as of June 3 0 , 2025 and December 31, 202 4 3 Condensed Consolidated Statements of Income (Loss) for the three and six months ended June 3 0 , 2025 and 2024 4 Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 3 0 , 2025 and 2024 5 Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended June 3 0 , 2025 and 2024 6 Condensed Consolidated Statements of Cash Flows for the six months ended June 3 0 , 2025 and 2024 8 Notes to Condensed Consolidated Financial Statements 9 1. Business and Significant Accounting Policies 9 2. Recently Issued Accounting Pronouncements 10 3. Investments 10 4. Allowance for Credit Losses 22 5. Reserves for Losses and Loss Adjustment Expenses 23 6. Disclosures about Fair Value of Financial Instruments 24 7. Stockholders' Equity 25 8. Accumulated Other Comprehensive Income (Loss) 25 9. Supplemental Cash Flow Information 26 10. Underwriting, Acquisition and General Expenses 26 11. Income Taxes 27 12. Commitments and Contingencies 28 13. Segment Information 29 14. Related Party Transactions 32 15. Subsequent Events 33
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 33
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 42
Controls and Procedures
Item 4. Controls and Procedures 44
Other Information
PART II. Other Information 44
Legal Proceedings
Item 1. Legal Proceedings 44
Risk Factors
Item 1A. Risk Factors 45
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 45
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 45
Other Information
Item 5. Other Information 45
Exhibits
Item 6. Exhibits 46
Signatures
Signatures 47 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Consolidated Financial Statements
Item 1. Consolidated Financial Statements ARGO GROUP INTERNATIONAL HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in millions, except number of shares and per share amounts) As of June 30, 2025 December 31, 2024 (Unaudited) Assets Investments: Fixed maturities available-for-sale, at fair value (cost: $ 1,696.9 and $ 2,032.9 , respectively; allowance for expected credit losses: $ 0.6 and $ 0.9 , respectively) $ 1,750.7 $ 2,068.9 Mortgage loans (cost: $ 224.0 and $ 210.1 , respectively; allowance for expected credit losses: $ 1.8 and $ 1.2 , respectively) 224.2 208.2 Private loans (cost: $ 627.8 and $ 577.3 , respectively; allowance for expected credit losses: $ 7.5 and $ 4.4 , respectively) 621.0 572.9 Equity securities, at fair value (cost: $ 459.0 and $ 396.3 , respectively) 534.8 413.0 Other investments (cost: $ 572.2 and $ 577.4 , respectively) 572.2 577.4 Short-term investments, at fair value (cost: $ 203.7 and $ 254.1 , respectively) 203.7 254.4 Total investments 3,906.6 4,094.8 Cash, restricted cash and cash equivalents 937.7 644.4 Accrued investment income 22.6 18.6 Premiums receivable 215.3 179.5 Reinsurance recoverables 2,856.2 3,053.2 Other intangible assets, net of accumulated amortization 119.5 139.3 Current income taxes receivable, net 21.6 21.6 Deferred tax asset, net 63.9 91.5 Deferred acquisition costs, net 66.4 52.1 Ceded unearned premiums 301.7 357.8 Operating lease right-of-use assets 46.5 47.6 Other assets 173.5 166.3 Value of business acquired, net of accumulated amortization 8.2 12.9 Total assets $ 8,739.7 $ 8,879.6 Liabilities and Stockholders' Equity Reserves for losses and loss adjustment expenses $ 5,609.4 $ 5,798.6 Unearned premiums 735.6 798.8 Accrued underwriting expenses and other liabilities 101.9 54.3 Ceded reinsurance payable, net 131.7 158.7 Funds held 43.9 44.6 Senior unsecured fixed rate notes 129.3 128.8 Junior subordinated debentures 244.1 243.2 Operating lease liabilities