Argo Group International Holdings Ltd
Argo Group International — Q3 2021 Earnings Presentation
7 slides from Argo Group International's earnings presentation, Nov 3, 2021
Slide 1: Argo Group Earnings Supplement
November 2021 ARGO GROUP Earnings Supplement Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may include forward-looking statements, both with respect to Argo Group International Holdings, Ltd. (“Argo Group”, “we”, or “our”) and its industry, that reflect our current views with respect to future events and financial performance. Forward-looking s
Slide 3: Announced Actions Aligned With Strategic Priorities
Announced Actions Aligned With Strategic Priorities Exited European Underwriting Outside of Lloyd’s Announced an Agreement to Sell Brazilian Operations, Argo Seguros U.S. Operations International Operations 2020 2021 2022 Exited U.S. Grocery & Retail Sold Renewal Rights to Contract Binding P&C Busin
Slide 4: U.S. retention ratio impacted by fronting business
U.S. retention ratio (Net Written Premium (NWP) / GWP) has been impacted by fronting business Business exits include U.S. Grocery & Retail, Contract Binding P&C business and other lines of business that are no longer written U.S. Operations Gross Written Premium (GWP) $ in millions U.S. Operations H
Slide 5: Int'l retention ratio increasing due to strategic repositioning of the portfolio
Int’l retention ratio (NWP / GWP) increasing due to strategic repositioning of the portfolio towards less CAT-exposed lines of business Business exits include Ariel Re, Argo Seguros, Brazil and the planned exits of businesses in Italy and Malta and reflects re-underwritten and / or other lines of bu
Slide 6: Net Catastrophe Losses (ex-COVID) vs. Insured Industry Losses
Net Catastrophe Losses (ex-COVID) vs. Insured Industry Losses1 Volatility Reduction Actions Insured Industry Catastrophe Losses1 Argo Group Net Catastrophe Losses Argo Group Hurricane Ida Net Catastrophe Losses Argo Group Winter Storm Uri Net Catastrophe Losses $ in millions unless otherwise noted.
Slide 7: Expense Reduction Actions
16% Workforce (250 headcount decrease) 25% Outside Services (Contract review and prioritization; $25M) 30% Real Estate Expense (Footprint reduction; $6M savings) Expense Initiatives Anticipated Savings (vs. 2019) Expense Ratio 2019 Expense Ratio 2020 Expense Ratio 2022E Expense Ratio 3Q’21-YTD Expen
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