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Mar 31, 2022
SiriusPoint Q1 2022 Earnings Report
SiriusPoint's Q1 2022 results were announced, revealing a net loss but positive underwriting progress.
Key Takeaways
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.
Reported a net loss of $217 million, or $1.36 per diluted common share.
Achieved a combined ratio of 93.7% with underwriting income of $34 million.
Gross premiums written were $1 billion, evenly split between insurance and reinsurance.
Core income was $27 million, including underwriting income of $13 million and Core net services income of $14 million.
Revenue by Segment
Forward Guidance
SiriusPoint is focused on optimizing capital allocation, rebalancing towards Insurance & Services, and reducing its risk profile to create a sustainable long-term franchise and future profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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