SiriusPoint(SPNT)

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SiriusPoint(SPNT) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:30
SiriusPoint (SPNT) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Company Participants Liam Blackledge - Investor Relations and Strategy ManagerScott Egan - CEOJim McKinney - CFO Operator Good morning, ladies and gentlemen, and welcome to Series Point's First Quarter twenty twenty five Earnings Conference Call. During today's presentation, all parties will be in a listen only mode. As a reminder, this conference call is being recorded and a replay is available through 11:59 p. M. Eastern Time on 05/20/2025. ...
SiriusPoint(SPNT) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:30
SiriusPoint (SPNT) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to Series Point's First Quarter twenty twenty five Earnings Conference Call. During today's presentation, all parties will be in a listen only mode. As a reminder, this conference call is being recorded and a replay is available through 11:59 p. M. Eastern Time on 05/20/2025. With that, I would like to turn the call over to Liam Blackledge, Investor Relations and Strategy Manager. Pleas ...
SiriusPoint(SPNT) - 2025 Q1 - Earnings Call Presentation
2025-05-05 21:11
May 5, 2025 NYSE: SPNT Q1 2025 INVESTOR PRESENTATION DISCLAIMER Basis of Presentation and Non-GAAP Financial Measures: Unless the context otherwise indicates or requires, as used in this presentation references to "we," "our," "us," the "Company," and "SiriusPoint" refer to SiriusPoint Ltd. and its directly and indirectly owned subsidiaries, as a combined entity, except where otherwise stated or where it is clear that the terms mean only SiriusPoint Ltd. exclusive of its subsidiaries. We have made rounding ...
SiriusPoint(SPNT) - 2025 Q1 - Quarterly Report
2025-05-05 20:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36052 SIRIUSPOINT LTD. (Exact name of registrant as specified in its charter) Bermuda 98-1599372 (State or other ju ...
SiriusPoint(SPNT) - 2025 Q1 - Quarterly Results
2025-05-05 20:19
SiriusPoint Ltd. Financial Supplement March 31, 2025 (UNAUDITED) This financial supplement is for informational purposes only. It should be read in conjunction with documents filed with the Securities and Exchange Commission by SiriusPoint Ltd., including the Company's Quarterly Report on Form 10-Q. Point Building Liam Blackledge - Investor Relations and Strategy Manager 3 Waterloo Lane Tel: + 44 203 772 3082 Pembroke HM 08 Email: investor.relations@siriuspt.com Bermuda Website: www.siriuspt.com SiriusPoint ...
SiriusPoint reports tenth consecutive quarter of underwriting profits and strong net income of $58m
GlobeNewswire· 2025-05-05 20:15
HAMILTON, Bermuda, May 05, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its first quarter ended March 31, 2025 Combined ratio of 95.4% in the first quarter for Core business with underwriting income of $29 millionNet premiums written growth of 20%, outpacing gross premiums written growth of 12% in the quarter for Core business, with strong growth from Insurance & ServicesFirst quarter return on equity of 12.9%, within 12-15% ‘across the c ...
SiriusPoint Welcomes AM Best Outlook Revision to 'Positive' from 'Stable'
Newsfilter· 2025-04-25 15:00
Core Viewpoint - AM Best has revised the outlook of SiriusPoint Ltd's rated operating subsidiaries to Positive from Stable, citing the Company's very strong balance sheet [1][3]. Group 1: Ratings and Outlook - AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) for SiriusPoint's rated operating subsidiaries [2]. - The Long-Term Issuer Credit Rating of "bbb-" (Good) for SiriusPoint has also been affirmed [2]. - Fitch Ratings recently affirmed SiriusPoint's ratings, including a Long-Term Issuer Default Rating at 'BBB' and a senior debt rating at 'BBB-' [4]. Group 2: Financial Strength and Management Actions - The revision to Positive reflects improved balance sheet strength due to management actions such as derisking the investment portfolio and reducing catastrophe exposure [3]. - The recent buy-back of shares and warrants previously held by CM Bermuda Ltd. contributed to the improved outlook [3]. - AM Best expects SiriusPoint to maintain strong risk-adjusted capitalization, supported by prudent capital management and effective underwriting exposure management [4]. Group 3: Company Profile - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with total capital exceeding $2.6 billion [6]. - The company has licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally [6].
SiriusPoint Welcomes AM Best Outlook Revision to ‘Positive’ from ‘Stable’
GlobeNewswire· 2025-04-25 15:00
HAMILTON, Bermuda, April 25, 2025 (GLOBE NEWSWIRE) -- AM Best has revised the outlook of the rated operating subsidiaries of SiriusPoint Ltd (“SiriusPoint” or “the Company”) (Bermuda) [NYSE: SPNT] to Positive from Stable, citing the Company’s “very strong balance sheet”. AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of SiriusPoint’s rated operating subsidiaries. Additionally, the rating agency has affirmed the ...
SiriusPoint Announces Date for First Quarter 2025 Earnings Release
GlobeNewswire· 2025-04-22 20:10
Company Announcement - SiriusPoint Ltd. plans to release its first quarter 2025 financial results after market close on May 5, 2025 [1] - A webcast and conference call to discuss the financial results will be held at 8:30 am (Eastern Time) on May 6, 2025 [1] Access Information - The webcast can be accessed through the Investor Relations section of the company's website [2] - A replay of the conference call will be available immediately after the call [2] Conference Call Details - The conference call can be accessed by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international) [3] - A replay of the call will be available until 11:59 pm (Eastern Time) on May 20, 2025 [3] Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda with offices in major cities [4] - The company has over $2.6 billion in total capital and holds a financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch [4]
Fitch Ratings Revises Outlook on SiriusPoint to Positive Based on Significant Underwriting Performance Improvement
GlobeNewswire· 2025-03-05 21:36
Core Viewpoint - Fitch Ratings has affirmed the ratings of SiriusPoint Ltd., including a Long-Term Issuer Default Rating of 'BBB', a senior debt rating of 'BBB-', and an Insurer Financial Strength rating of 'A-' for its subsidiaries, while revising the Company's Outlook to Positive from Stable [1][2]. Group 1: Rating Affirmation and Outlook - The Positive Outlook reflects significant underwriting performance improvement in 2024 and 2023 due to the repositioning of the (re)insurance portfolio and exiting non-core lines to enhance profitability and reduce volatility [2]. - Key drivers for the ratings include the full repurchase of all outstanding shares and warrants from CM Bermuda Limited, alongside solid underwriting results in both 2024 and 2023 [2]. - Fitch anticipates continued favorable underwriting results as the company aims to grow its business, particularly in primary insurance [2]. Group 2: Financial Performance - SiriusPoint reported a strong financial performance with a net income of $184 million for 2024, driven by strong operating income from underwriting profits, increased investment income, and a gain of $96 million on the deconsolidation of an MGA [2]. - The CEO of SiriusPoint highlighted that the positive outlook from Fitch validates the progress made in repositioning the business and strengthening the capital structure [2]. Group 3: Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with offices in major cities including New York, London, and Stockholm [3]. - The company has over $2.6 billion in total capital and holds a financial strength rating of A- from AM Best, S&P, and Fitch, and A3 from Moody's [3].