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Jun 30, 2023
SiriusPoint Q2 2023 Earnings Report
SiriusPoint's Q2 2023 results were announced, highlighting positive capital generation and progress on strategic priorities.
Key Takeaways
SiriusPoint reported a net income of $66 million, or $0.37 per diluted common share, and a consolidated combined ratio of 81.9%. The company's core operations showed a combined ratio of 87.7%. The company is tracking to the top-end of its full year 2023 net investment income guidance of $220 million to $240 million
Net income available to SiriusPoint common shareholders was $66 million, or $0.37 per diluted common share.
Consolidated combined ratio was 81.9%, with underwriting income of $127 million.
Core income reached $85 million, including underwriting income of $82 million, and a Core combined ratio of 87.7%.
Annualized return on average common equity was 13.0%.
Revenue by Segment
Forward Guidance
SiriusPoint is targeting double-digit return on average common equity in 2023 and reiterating guidance on 2024 cost savings of >$50 million and 2023 net investment income of $220-240 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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