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Sep 30, 2020
SiriusPoint Q3 2020 Earnings Report
Third Point Re reported a net income of $68.7 million, or $0.73 per diluted common share, driven by strong investment performance.
Key Takeaways
Third Point Re reported a solid third quarter with a return on equity of 5.1%, driven by strong investment performance. The combined ratio for the quarter was 119.9%, impacted by catastrophe losses and COVID-19.
Net income of $68.7 million, or $0.73 per diluted common share, for the third quarter of 2020.
Return on beginning shareholders’ equity of 5.1% for the third quarter of 2020.
Diluted book value per share at the end of the quarter was $15.06.
Combined ratio for the third quarter was 119.9%, with a total impact of 31.9% from catastrophe losses and COVID-19.
Forward Guidance
The merger with the Sirius Group remains on track to close in the first quarter of 2021, and SiriusPoint will be well-positioned to take advantage of improving underwriting conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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