SiriusPoint Earnings Reports

SiriusPoint reported a Q4 2024 net loss of $21.3 million, impacted by strategic repositioning, including a CM Bermuda repurchase transaction and investment write-downs. Despite these challenges, the company saw a 21% increase in gross premiums written for continuing lines and a Core combined ratio of 90.2%. Underlying net income was $44 million, contributing to a full-year total of $304 million, a 14% year-over-year increase.

SiriusPoint reported a net income of $5 million for the third quarter of 2024, impacted by the CMIG shareholder transaction. The core combined ratio improved to 88.5%, and gross premiums written for continuing lines grew by 10%. The balance sheet remains strong with a BSCR estimate of 265%.

SiriusPoint reported a strong second quarter with net income of $109.9 million. The company achieved its seventh consecutive quarter of positive underwriting income, driven by growth in gross premiums and a focus on target areas such as North America programs, International, and Specialty. The balance sheet was further strengthened, enabling the company to settle Series A Preference shares, repurchase common stock, and increase the share buyback authorization.

SiriusPoint reported a strong start to 2024 with a core combined ratio of 91.4% and net income of $90.8 million. The company also completed a debt restructuring that will further reduce financial leverage.

SiriusPoint reported a net income available to common shareholders of $94 million, or $0.50 per diluted common share for Q4 2023. The Core combined ratio was 93.4%. The company's book value per diluted common share increased by 10.2% from September 30, 2023 to $13.35 per share.

SiriusPoint reported positive underwriting results in Q3 for the first time in the Group’s history. The combined ratio for the Group’s Core operations was 87.6% with Catastrophe losses materially down. The company is on track to deliver double-digit return on average common equity in 2023 and is increasing 2023 net investment income guidance to $250-260 million.

SiriusPoint reported a net income of $66 million, or $0.37 per diluted common share, and a consolidated combined ratio of 81.9%. The company's core operations showed a combined ratio of 87.7%. The company is tracking to the top-end of its full year 2023 net investment income guidance of $220 million to $240 million

SiriusPoint reported a net income of $139 million, or $0.78 per diluted common share, and a combined ratio of 73.8%. The company's core combined ratio was 80.5%. Book value per diluted common share increased by 9% during the quarter. The company is targeting a double-digit return on average common equity in 2023 with approximately $150m of capital release.

SiriusPoint Ltd. announced its Q4 2022 results, reporting a net loss of $27 million, or $0.17 per diluted common share. However, the company's combined ratio improved to 90.4%, with underwriting income of $58 million. The company is targeting cost reductions and a double-digit return on average common equity by 2024.

SiriusPoint reported a net loss of $98 million for Q3 2022, with a combined ratio of 107.7%. The company is restructuring its underwriting platform to improve profitability and is making changes to its international branch network.

SiriusPoint reported a net loss of $61 million for Q2 2022, or $0.38 per diluted common share. However, the company's combined ratio improved to 93.1%, driven by positive underwriting results and growth in the Insurance & Services segment. Gross premiums written were $813 million, with a split of 53% insurance and 47% reinsurance.

SiriusPoint reported a net loss of $217 million for Q1 2022, but demonstrated positive underwriting progress with a combined ratio of 93.7%. Gross premiums written reached $1 billion, split evenly between insurance and reinsurance, driven by growth in the Insurance & Services segment. The company is focused on shifting its business mix and reducing investment portfolio volatility.

SiriusPoint's Q4 2021 results showed a net loss of $140 million, or $0.88 per diluted common share. The core loss was $7 million, including underwriting income of $35 million and a Core combined ratio of 93.6%, offset by a Core net services loss of $41 million. Net investment loss was $151 million, including a (7.5)% return from the TP Enhanced Fund.

SiriusPoint reported a net loss of $48 million for the third quarter of 2021, driven by catastrophe losses of $287 million. This was partially offset by net investment income of $200 million, including a 16.3% return from the TP Enhanced Fund. The company is focused on managing volatility in its Property business and reallocating capital to its MGA platform within Insurance & Services.

SiriusPoint reported a net income of $64.5 million, or $0.37 per diluted common share, for the second quarter ended June 30, 2021. The company's combined ratio was 92.8%, and the annualized return on average common equity was 10.6%.

SiriusPoint reported a net income of $130.9 million, or $1.05 per diluted common share, and a combined ratio of 96.6% for the first quarter of 2021. The company benefited from the acquisition of Sirius Group, which expanded its underwriting capabilities and geographic footprint. Investment results were strong, driven by the Third Point Enhanced Fund and strategic investments.

Third Point Re reported a solid third quarter with a return on equity of 5.1%, driven by strong investment performance. The combined ratio for the quarter was 119.9%, impacted by catastrophe losses and COVID-19.

Third Point Re reported a strong second quarter with a net income of $124.0 million, or $1.33 per diluted common share, and a return on equity of 10.1%. The combined ratio was 98.3%, with 7.0 percentage points attributable to COVID-19 impacts. The investment portfolio rebounded with a 5.8% return.