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Mar 31, 2023
SiriusPoint Q1 2023 Earnings Report
SiriusPoint's first quarter results for 2023 were announced, highlighting positive capital generation and improved underwriting performance.
Key Takeaways
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.
Net income available to SiriusPoint common shareholders was $139 million, or $0.78 per diluted common share.
The combined ratio was 73.8%, with underwriting income of $157 million.
The core combined ratio was 80.5%.
Tangible book value per diluted common share increased by 9.4% from December 31, 2022, to $11.41 per share.
Revenue by Segment
Forward Guidance
SiriusPoint is targeting double-digit return on average common equity in 2023 with approximately $150m of capital release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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