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Jun 30
SiriusPoint Q2 2025 Earnings Report
SiriusPoint reported strong second quarter 2025 results with significant improvements in core combined ratio and underwriting income.
Key Takeaways
SiriusPoint delivered a strong second quarter in 2025, marked by an improved Core combined ratio of 89.5% and an 83% year-over-year growth in Core underwriting income. The company also achieved a 10% increase in Core gross premiums written, demonstrating consistent top-line growth and exceeding its underlying return on equity target.
Core combined ratio improved to 89.5% in Q2 2025, a 3.8 point improvement from the prior year.
Core underwriting income grew by 83% year-over-year to $68 million in Q2 2025.
Gross premiums written for Core business increased by 10% in Q2 2025, marking the fifth consecutive quarter of double-digit growth.
Underlying return on equity reached 17.0% for the quarter, exceeding the 12-15% 'across the cycle' 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
SiriusPoint's forward guidance emphasizes continued momentum towards becoming a best-in-class underwriter, building on strong financial performance and strategic progress.
Positive Outlook
- Continued focus on disciplined underwriting strategy to deliver consistent and stable earnings.
- Expectation to maintain underlying return on equity above the 12-15% 'across the cycle' target.
- Anticipated sustained strong top-line growth in gross premiums written.
- Commitment to attracting and retaining key talent to strengthen the business.
- Leveraging recent industry recognition, such as 'Program Insurer of the Year', to enhance market position.
Challenges Ahead
- Potential impact of unpredictable catastrophic events on financial results.
- Risks associated with the adequacy of loss and loss adjustment expense reserves.
- Challenges from periods characterized by excess underwriting capacity and unfavorable premium rates.
- Exposure to volatility in financial markets, inflation, interest rates, and foreign currency fluctuations.
- Threats from technology breaches or failures, including cyber-attacks.