Siriuspoint Ltd

SiriusPoint Ltd. engages in the provision of insurance and reinsurance services. The insurance lines include: Accident and Health, Environmental, Property, Energy, Workers' Compensation, and Aviation and Space. The reinsurance lines include: Marine and Energy, Casualty, Aviation and Space, and Credit and Bond. The company was founded in 1945 and is headquartered in Pembroke, Bermuda.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SiriusPoint Ltd reports improved underwriting results amidst net loss

SiriusPoint Ltd's Q4 2022 performance showcased improved underwriting results amidst a net loss driven by negative investment outcomes.
The company's focus on underwriting profitability and strategic shifts in premium trends reflect efforts to enhance financial stability and reduce volatility.
While facing challenges in net losses and shifting premium dynamics, SiriusPoint Ltd remains committed to achieving a double-digit return on equity by 2024.
Opportunities for growth lie in optimizing core operations, exploring new revenue streams, and expanding market presence through strategic initiatives.

SiriusPoint Ltd reports profitable Q1 2023, strengthens balance sheet

SiriusPoint Ltd's Q1 2023 performance marked a significant turnaround with a return to profitability and strong underwriting results.
The company's strategic initiatives, including the loss portfolio transfer and partnership renewals, position it well for future growth and efficiency.
Investors can be optimistic about SiriusPoint Ltd's improved financial health and operational focus as it continues to execute its strategic plans.

SiriusPoint reports strong Q2 earnings, focuses on culture transformation

SiriusPoint Ltd demonstrated strong financial performance in Q2 2023, driven by robust underwriting income and cost-saving initiatives.
The company's focus on culture transformation, investment quality, and portfolio simplification positions it well for future growth and stability.
While facing challenges such as sustaining growth and market risks, SiriusPoint has opportunities to optimize performance through strategic initiatives and operational enhancements.

SiriusPoint Ltd achieves first underwriting profit, eyes growth opportunities

SiriusPoint Ltd delivered a strong performance in Q3 2023, marking its first underwriting profit and exceeding investment expectations.
Despite challenges with revised financials, the company's strengths in underwriting income and partnerships position it well for growth.
Opportunities lie in leveraging the positive financial results for expansion and strategic planning, supported by a strong balance sheet.

SiriusPoint reports robust earnings, prioritizes underwriting profits for growth

SiriusPoint's Q4 2023 earnings call highlighted strong financial performance, record net income, and strategic focus on underwriting profits. The company's emphasis on underwriting discipline, cost savings, and partnerships with MGAs positions it well for future growth. Executives are optimistic about delivering sustainable returns to shareholders.

SiriusPoint delivers robust Q1 results, eyes growth opportunities ahead

SiriusPoint's Q1 2024 performance reflects strong underwriting and investment results, supported by improved financial metrics and strategic initiatives. While facing challenges in premium reductions, the company's focus on core business growth and profitability positions it well for the future. Leveraging opportunities from recent transactions and aiming for a competitive return on equity will drive sustained success.

SiriusPoint (SPNT) reports robust Q3 earnings amidst catastrophe challenges

SiriusPoint (SPNT) delivered strong financial performance in Q3 2024.
Despite catastrophe losses, the company maintained profitability and growth.
Strategic initiatives like new partnerships and stock repurchase enhance resilience.
Opportunities exist for continued growth and improved underwriting efficiency.

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SiriusPoint Ltd. engages in the provision of insurance and reinsurance services. It operates through the Reinsurance, and Insurance and Services segments. The Reinsurance segment covers aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property. The Insurance and Services segment involves accident and health, environmental, worker's compensation, and others. The company was founded in 1945 and is headquartered in Pembroke, Bermuda.

HAMILTON, Bermuda, Nov. 11, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025.

SiriusPoint Announces Changes to Chief Underwriting Office Leadership to Support Future Growth Strategy

SiriusPoint Ltd. (NYSE:SPNT ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Liam Blackledge - Investor Relations and Strategy Scott Egan - Chief Executive Officer James McKinney - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen and welcome to SiriusPoint's Third Quarter 2024 Earnings Conference Call.

SiriusPoint Ltd. (SPNT) Q3 2024 Earnings Call Transcript

HAMILTON, Bermuda, Oct. 31, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its third quarter ended September 30, 2024

SiriusPoint reports eighth consecutive quarter of underwriting profits and seventh consecutive quarter of positive net income

HAMILTON, Bermuda, Oct. 31, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to November 30, 2024 to Series B shareholders of record as of November 15, 2024.

SiriusPoint Announces Dividend on Series B Preference Shares

HAMILTON, Bermuda, Oct. 17, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”) today announced that it is planning to release its third quarter 2024 financial results after the market close on Thursday, October 31, 2024. The Company will also hold a webcast, which can be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Friday, November 1, 2024.

SiriusPoint Announces Date for Third Quarter 2024 Earnings Release

HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its second quarter ended June 30, 2024

SiriusPoint reports seventh consecutive quarter of underwriting profits and strong net income at $109.9m

HAMILTON, Bermuda, July 18, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”) today announced that it is planning to release its second quarter 2024 financial results after the market close on Thursday, August 1, 2024. The Company will also hold a webcast, which can be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Friday, August 2, 2024.

SiriusPoint Announces Date for Second Quarter 2024 Earnings Release

HAMILTON, Bermuda, May 28, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Susan Cross as Board Director, effective May 24, 2024. Susan takes up a new role on the SiriusPoint Board, bringing the total number of members to 10.

SiriusPoint Appoints Susan Cross to Board of Directors

HAMILTON, Bermuda, May 23, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has announced the appointment of Jim McKinney as Chief Financial Officer, effective June 3, 2024.

SiriusPoint Announces Jim McKinney as Chief Financial Officer

NEW YORK--(BUSINESS WIRE)--Distinguished Programs (“Distinguished”), a leading national insurance program manager, today announces a new partnership with SiriusPoint Ltd. (“SiriusPoint”) for its Inland Marine insurance program. The new program will offer tailored coverage for a focused segment of Inland Marine exposures, such as Motor Truck Cargo and Transportation, Contractors' Equipment, Builders' Risk, and more. To furnish a comprehensive solution tailored to contractors and logistics provid.

Distinguished Programs and SiriusPoint Partner on Inland Marine Insurance Program

SiriusPoint Ltd. (NYSE:SPNT ) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Dhruv Gahlaut - Head of Investor Relations and Chief Strategy Officer Scott Egan - Chief Executive Officer Steve Yendall - Chief Financial Officer Operator Good morning, ladies and gentlemen, and welcome to SiriusPoint's First Quarter 2024 Earnings Conference Call.

SiriusPoint Ltd. (SPNT) Q1 2024 Earnings Call Transcript

HAMILTON, Bermuda, April 30, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its first quarter ended March 31, 2024.

SiriusPoint Reports Sixth Consecutive Quarter of Underwriting Profits and Strong Net Income at $90.8m

HAMILTON, Bermuda, April 16, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”) today announced that it is planning to release its first quarter 2024 financial results after the market close on Tuesday, April 30, 2024. The Company will also hold a webcast, which can be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Wednesday, May 1, 2024.

SiriusPoint Announces Date for First Quarter 2024 Earnings Release

HAMILTON, Bermuda, April 04, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) announced today the results of the pricing of its previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.600% Senior Notes due 2026 (the “2026 Notes”).

SiriusPoint Announces Pricing of Tender Offer for 4.600% Senior Notes due 2026

HAMILTON, Bermuda, March 21, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) announced today a proposed offering of senior unsecured notes (the “New Notes”) (the “Debt Offering”), a cash tender offer for any and all of its 4.600% Senior Notes due 2026 (the “2026 Notes”) (the “Tender Offer”) and that it will redeem all its outstanding 7.00% Senior Notes due 2025 (the “2025 Notes”) (the “Redemption”).

SiriusPoint Announces Notes Offering, Tender Offer for 4.600% Senior Notes due 2026 and Redemption of 7.00% Senior Notes due 2025

SiriusPoint Ltd. (NYSE:SPNT) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET

SiriusPoint Ltd. (SPNT) Q4 2023 Earnings Call Transcript

HAMILTON, Bermuda, Feb. 20, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2023.

SiriusPoint reports 89.1% Combined ratio for its Core operations with Net Income up $742m from FY 22

HAMILTON, Bermuda, Feb. 06, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”) today announced that it is planning to release its fourth quarter and full year 2023 financial results after the market close on Tuesday, February 20, 2024. The Company will also hold a webcast, which can also be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Wednesday, February 21, 2024.

SiriusPoint Announces Date for Fourth Quarter and Full Year 2023 Earnings Release

SiriusPoint's preferred units have shot up nicely in recent months, generating strong returns for shareholders. SPNT's financial health has improved, with increased profits and a decline in some activities. The common units are still rated a 'buy' due to increased profitability, but the limited upside that remains necessitates a downgrade for the preferred units.

Revisiting SiriusPoint Common And Preferred

LONDON--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of the rated operating subsidiaries of SiriusPoint Ltd. (SiriusPoint) (Bermuda) [NYSE: SPNT] are unchanged following published reports that CMIG International Holding Pte. Ltd. - the parent of SiriusPoint's key shareholder, CM Bermuda Ltd. (CM Bermuda) - has been taken into private receivership by its lenders in Singapore.

AM Best Comments on Credit Ratings of SiriusPoint Ltd. and Its Subsidiaries

HAMILTON, Bermuda, Dec. 14, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has been made aware that CMIG International Holding Pte Ltd (CMIH) has been taken into private receivership by its lenders in Singapore. CMIH is the parent company of CM Bermuda, a 33% shareholder of SiriusPoint, with 9.9% voting rights.

The Parent of a SiriusPoint Shareholder Taken Into Private Receivership

SiriusPoint Ltd. (SPNT) Q3 2023 Earnings Call Transcript

HAMILTON, Bermuda, Nov. 09, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has had its ratings outlook revised from ‘Negative' to ‘Stable' by S&P Global Ratings (S&P).

SiriusPoint S&P Global Ratings Outlook Revised to ‘Stable'

HAMILTON, Bermuda, Nov. 08, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its third quarter ended September 30, 2023.

SiriusPoint reports 87.6% Combined ratio for its Core operations with Net Income up $622m at 9M'23

We first revisit our recommendation of SiriusPoint preferred stock from May of this year. Although SPNT-B has been a big winner for us since May, it is still the most undervalued among “qualified” BB+ rated preferred stocks plus it has a massive reset rate. At the current 5-year treasury note yield, the reset yield on SPNT-B will be 12% and it trades below par.

News for Siriuspoint Ltd Stock (SPNT)