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Mar 31
SiriusPoint Q1 2025 Earnings Report
Reported results for its first quarter ended March 31, 2025
Key Takeaways
SiriusPoint reported a strong start to 2025 with a tenth consecutive quarter of underwriting profits and net income of $57.6 million. The company achieved a Core combined ratio of 95.4% and a return on equity of 12.9%, demonstrating stable and consistent earnings despite elevated natural catastrophe losses.
Achieved tenth consecutive quarter of underwriting profits.
Reported net income of $57.6 million for the first quarter of 2025.
Core business combined ratio was 95.4% for the quarter.
Delivered a return on equity of 12.9% in Q1 2025, within the target range.
SiriusPoint
SiriusPoint
SiriusPoint Revenue by Segment
Revenue by Segment
Insurance & Services Gross Premiums Written Revenue
CapyFin.comReinsurance Gross Premiums Written Revenue
CapyFin.comCore Gross Premiums Written Revenue
CapyFin.com Forward Guidance
The company aims to maintain momentum and continue to deliver and improve throughout 2025. They are pleased with the positive outlook revision from AM Best and Fitch.
Positive Outlook
- Aim to deliver stable and consistent earnings.
- Plan to maintain growth momentum.
- Seek to retain a greater proportion of the increasingly profitable book.
- Focus on continuing to deliver and improve throughout 2025.
- Outlook revised to Positive from Stable by AM Best and Fitch.
Challenges Ahead
- Subject to unpredictable catastrophic events.
- Potential for inadequacy of loss and loss adjustment expense reserves.
- Face risks from the performance of financial markets, inflation, interest rates, and foreign currency fluctuations.
- Subject to technology breaches or failures.
- Potential impacts from geopolitical uncertainty and global economic uncertainty.