SiriusPoint Q1 2023 Earnings Report
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.
SiriusPoint
SiriusPoint
Forward Guidance
SiriusPoint is targeting double-digit return on average common equity in 2023 with approximately $150m of capital release.