Core Financial Performance - The company reported a third quarter net income of $5 million, with an underlying net income of $89 million, reflecting a 69% increase year-over-year driven by higher underwriting and investment income [1][4] - The combined ratio for the core business improved to 88.5%, a 4-point improvement from the previous year, resulting in a year-to-date core combined ratio of 91.1% and core underwriting income of $144 million [1][4] - Book value per diluted common share increased by 3% in the quarter to $14.73, marking a 10% increase since year-end 2023 [1][4] Premiums and Underwriting - Gross premiums written for continuing lines of business grew by 10% in the quarter, contributing to a 7% growth year-to-date [1] - For the three months ended September 30, 2024, consolidated underwriting income was $89 million, up from $73.8 million in the same period last year, primarily due to favorable prior year loss reserve development [7] - The company experienced a decrease in gross premiums written of 4.8% for the third quarter compared to the previous year, primarily due to the transition of certain lines to corporate [12] Investment Income - Net investment income for the third quarter was strong at $78 million, with total investment results reaching $92.5 million [2][4] - The company’s investment strategy has shifted towards high-grade corporate debt and other securitized assets, resulting in increased interest income [26][27] Strategic Transactions - The company completed a significant two-part strategic transaction with CMIG, involving the purchase and retirement of $125 million of common shares and the settlement of Series A Preference Shares [3] - The balance sheet remains robust, with a Q3 BSCR estimate of 265%, indicating strong financial health [3] Segment Performance - The Reinsurance segment saw gross premiums written increase by 18.5% to $314.5 million for the third quarter, driven by growth in Bermuda and New York Property [18] - The Insurance & Services segment reported a decrease in gross premiums written of 18.3% to $376 million, primarily due to the non-renewal of certain programs [22] Year-to-Date Highlights - For the nine months ended September 30, 2024, net income available to common shareholders was $205.2 million, or $1.11 per diluted common share [5] - Core income for the nine months was $177.9 million, with a core combined ratio of 91.1% [5][14]

Company Announcement - SiriusPoint Ltd. plans to release its third quarter 2024 financial results after market close on October 31, 2024 [1] - A webcast to discuss the financial results will be held at 8:30 am (Eastern Time) on November 1, 2024 [1] Conference Call Details - The conference call can be accessed by dialing 1-877-451-6152 for domestic calls or 1-201-389-0879 for international calls [2] - A replay of the call will be available until 11:59 pm (Eastern Time) on November 15, 2024 [2] Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda with offices in New York, London, and Stockholm [3] - The company has over $3.0 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]

SiriusPoint Ltd. (NYSE:SPNT) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Sarah Singh - Vice President Strategy and Investor Relations Scott Egan - Chief Executive Officer Jim McKinney - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to SiriusPoint Second Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. As a reminder, this conference call is being re ...

HAMILTON, Bermuda, Aug. 01, 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 August 30, 2024 to Series B shareholders of record as of August 15, 2024. A ...

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. The conference call can be accessed by dialing 1-877-451-6152 (domestic) or 1-201-389-0 ...

The webcast of the live conference call can be accessed by logging onto the Investor Relations section of the Company's website at www.siriuspt.com. The online replay of the webcast will be available on the Company's website immediately following the call. About SiriusPoint Contacts Media Sarah Hills, Rein4ce sarah.hills@rein4ce.co.uk +44 7718882011 HAMILTON, Bermuda, July 18, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) ("SiriusPoint" or the "Company") today announced that it is planning to relea ...

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. Susan has over 40 years of experience in the (re)insurance industry, with a focus on developing and leading actuarial and analytical functions to support global grow ...

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. Susan has over 40 years of experience in the (re)insurance industry, with a focus on developing and leading actuarial and analytical functions to support global grow ...

Core Viewpoint - SiriusPoint Ltd. has appointed Jim McKinney as Chief Financial Officer, effective June 3, 2024, to enhance its financial operations and support growth initiatives [1][3]. Group 1: Appointment Details - Jim McKinney has over 20 years of experience as a publicly listed CFO and has a proven track record in creating high-performing finance functions [2]. - He will report to CEO Scott Egan and be part of the Executive Leadership Team [3]. - McKinney previously served as CFO of Kemper Corporation, overseeing all financial operations, and has held senior positions at Banc of California and other organizations [3]. Group 2: Transition Information - Jim McKinney replaces Steve Yendall, who led the finance function for the past 18 months [4]. - CEO Scott Egan expressed gratitude for Yendall's leadership and extended best wishes for his future endeavors [4]. Group 3: Company Overview - SiriusPoint is a global specialty insurer and reinsurer, headquartered in Bermuda, with offices in major cities including New York and London [4]. - The company has over $3.0 billion in total capital and holds a financial strength rating of A- (Stable) from AM Best, S&P, and Fitch, and A3 (Stable) from Moody's [4].

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. Throughout his 20+ year career, Jim has established a track record as a publicly listed CFO and for creating high performing finance functions. He has also played an instrumental role in leading companies through transformations to position them well for g ...