Loading...
•
Sep 30
SiriusPoint Q3 2025 Earnings Report
SiriusPoint reported strong third quarter 2025 results with a core combined ratio of 89.1% and significant growth in gross premiums written.
Key Takeaways
SiriusPoint delivered another successful quarter, achieving a strong operating return on equity of 17.9% and an 11% increase in core underwriting income. The company saw robust gross premiums written growth of 26% for its Core business, marking the sixth consecutive quarter of double-digit growth, primarily driven by its Insurance & Services segment.
Core combined ratio of 89.1% in Q3 2025, with underwriting income up 11% to $70 million.
Return on equity of 17.7% and operating return on equity of 17.9% in the quarter, exceeding the 12-15% target range.
Strong gross premiums written growth of 26% for Core business in Q3 2025, driven by Insurance & Services.
Diluted earnings per common share of $0.73, with operating earnings per share of $0.72, a 41% increase from the prior year.
SiriusPoint
SiriusPoint
SiriusPoint Revenue by Segment
Revenue by Segment
Insurance & Services Gross Premiums Revenue
CapyFin.comReinsurance Gross Premiums Revenue
CapyFin.comCore Gross Premiums Written Revenue
CapyFin.com Forward Guidance
SiriusPoint expects to continue building on its current momentum, with the announced MGA disposals anticipated to unlock significant shareholder value.
Positive Outlook
- Expectation of continued strong underwriting performance and targeted growth.
- Anticipated unlocking of significant value for shareholders from MGA disposals (ArmadaCare and Arcadian), representing an increase of around $1.75 per share.
- Positive outlook upgrade by S&P, indicating improved financial health and prospects.
- Commitment to exceeding the 12-15% 'across the cycle' operating return on equity target range.
- Focus on strategic transformation, including re-underwriting to reduce volatility and improve underwriting performance.
Challenges Ahead
- Potential impact of unpredictable catastrophic events, including uncertainties from health pandemics, supply chain issues, and labor shortages.
- Risks associated with the performance of financial markets, inflation, interest rates, and foreign currency fluctuations.
- Challenges in competing successfully in the insurance and reinsurance market, and the effect of industry consolidation.
- Threats from technology breaches or failures, including malicious cyber-attacks.
- Exposure to global climate change effects, geopolitical uncertainty, and potential changes in U.S. presidential administration policies.