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Jun 30, 2021
SiriusPoint Q2 2021 Earnings Report
Net income available to common shareholders was reported as $64.5 million, or $0.37 per diluted common share. The combined ratio was 92.8% and the annualized return on average common equity was 10.6%.
Key Takeaways
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%.
Net income of $64.5 million, or $0.37 per diluted common share
Tangible diluted book value per share increased $0.33, or 2.4%, from the first quarter of 2021 to $14.30
Combined ratio of 92.8% and net underwriting income of $33.3 million
Annualized return on average common equity of 10.6%
Forward Guidance
The company is embarking on a journey to create a company with a sustainable long-term franchise and a focus on book value creation.
Positive Outlook
- Optimizing capital allocation
- Rebalancing towards insurance
- Creating a sustainable long-term franchise
- Focusing on book value
- Ability to be nimble has allowed us to take advantage of current market conditions
Challenges Ahead
- Costs, expense and difficulties of the integration of the operations of Sirius Group
- The impact of the novel coronavirus (COVID-19) pandemic or other unpredictable catastrophic events
- Fluctuations in our results of operations
- A downgrade or withdrawal of our financial ratings
Historical Earnings Impact
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Avg. Return Before/After Earnings
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