Argo Group International Holdings, Ltd. (NYSE:ARGO) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET

Company Participants

Tom Bradley - Executive Chairman and Interim CEO

Scott Kirk - CFO

Gregory Charpentier - EVP of IR & Corporate Finance

Conference Call Participants

John Heagney - Dowling & Partners

Operator

Good morning. Thank you for attending today’s Argo Group First Quarter 2022 Earnings Call. My name is Amber and I will be your moderator for today’s call. All lines will be muted during the presentation portion of the call with the opportunity for questions-and-answers at the end. [Operator Instructions]

I will now have the pleasure handing the conference over to our host, Gregory Charpentier with Argo. Greg, please proceed.

Gregory Charpentier

Thanks and good morning. Welcome to Argo Group’s conference call for the first quarter ended March 31, 2022. After the market closed last night, we issued a press release on our earnings, which is available in the Investors section of our website at www. argogroup.com and was filed with the SEC. Presenting on today’s call is Tom Bradley, Argo Group Executive Chairman and Interim Chief Executive Officer and Scott Kirk, Chief Financial Officer. As the operator mentioned, this call is being recorded.

During the conference call Argo management may make comments that reflect Argo’s intentions, beliefs, and expectations for the future. Such forward-looking statements are qualified by the inherent risks and uncertainties surrounding future expectations generally and may materially differ from actual future results involving any one or more of such statements.

Argo Group undertakes no obligation to publicly update forward-looking statements as a result of events or developments subsequent to this call. For a more detailed discussion of such risks and uncertainties, please see Argo Group’s filings with the SEC. Also note that we will be referencing certain non-GAAP financial information. More information regarding these non-GAAP measures is provided in our earnings release. I will now turn the call over to Tom Bradley our Argo Group Executive Chairman and Interim Chief Executive Officer.

Tom Bradley

Thank you Greg. And thank you to everybody for joining us today. Before I jump into our results for the quarter, I’d like to take a moment to discuss our announcement last week. Over the last year, Argo has instituted a number of substantive strategic initiatives, actions that we believe have positioned the company for a clear and consistent long term path to stable growth and profitability. The board of directors and management team, however, do not believe these initiatives are adequately reflected in the company’s current market valuation. After much thoughtful and deliberate discussion and analysis, our board with the assistance of our advisors has initiated an exploration of potential strategic alternatives. In this review process, our objective is simple; to maximize the value of the company strategy, and its considerable long term prospects for the benefit of all shareholders.