Financial Data and Key Metrics Changes - SiriusPoint reported a combined ratio of 88.5%, marking a 4-point improvement year-over-year, despite the impact of Hurricane Helene [7][12] - The annualized underlying return on equity (ROE) for the first nine months of 2024 is 14.4%, within the target range of 12% to 15% [8][24] - Headline net income for Q3 was $5 million, while underlying net income was $89 million, reflecting a 69% increase compared to the prior year [23][29] Business Line Data and Key Metrics Changes - The company achieved a 10% year-over-year growth in gross written premiums for continuing lines of business [10][28] - Catastrophe losses for the quarter were $11 million, primarily related to Hurricane Helene, representing 1.9 points on the combined ratio [13][32] - The specialty segment saw gross premiums written increase by 41% year-to-date, driven by key hires and improved offerings [47] Market Data and Key Metrics Changes - The growth in premiums is predominantly from the specialty and property market segments, with double-digit growth noted [10][40] - The reinsurance segment's premiums were flat year-to-date, aligning with the strategy to focus on insurance and services over reinsurance [41] - The company expects the impact of recent hurricanes to moderate pressures on property reinsurance pricing at upcoming renewals [59] Company Strategy and Development Direction - SiriusPoint's strategy emphasizes disciplined underwriting and pricing, aiming to grow in areas with the best return on capital [11][43] - The company has strengthened its MGA distribution strategy, entering into six new partnerships in Q3 [17] - The focus remains on building a low-volatility portfolio, balancing higher volatility lines with stable segments like Accident & Health [58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving underwriting performance and maintaining a strong focus on strategic equity actions to reduce future volatility [25][26] - The company acknowledges the human impact of recent hurricanes and emphasizes its commitment to supporting affected customers [16] - Future expectations include continued growth momentum in core business lines and a stable investment portfolio [60][62] Other Important Information - The company completed the repurchase and retirement of $125 million of CMIG's common stock, impacting net income for the quarter [21][22] - The deconsolidation of the MGA Arcadian had no impact on underwriting relationships or net income available to SiriusPoint [18][32] - The investment portfolio reported net investment income of $78 million for the quarter, contributing to a total investment result of $93 million [20][33] Summary of Q&A Session Question: What is the outlook for the company's growth in the coming quarters? - Management indicated that they expect to build on the strong performance and aim for a 12% to 15% return on average common equity through the cycle [62]

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 ...

Core Viewpoint - SiriusPoint Ltd. has declared a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, payable on August 30, 2024, to shareholders of record as of August 15, 2024 [1] Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with additional offices in New York, London, and Stockholm [2] - The company is listed on the New York Stock Exchange under the ticker SPNT and has licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally [2] - SiriusPoint has over $3.0 billion in total capital and its operating companies hold a financial strength rating of A- (Stable) from AM Best, S&P, and Fitch, and A3 (Stable) from Moody's [2]

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 ...

Company Overview - SiriusPoint Ltd. is a global underwriter of insurance and reinsurance, providing solutions to clients and brokers worldwide [5] - The company is headquartered in Bermuda and has offices in New York, London, Stockholm, and other locations [5] - SiriusPoint is listed on the New York Stock Exchange under the ticker SPNT and has over $3.0 billion in total capital [5] - The operating companies of SiriusPoint have a financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch, and A3 from Moody's [5] Upcoming Financial Results - SiriusPoint plans to release its second quarter 2024 financial results after the market close on Thursday, August 1, 2024 [3] - A conference call to discuss the financial results will be held at 8:30 am (Eastern Time) on Friday, August 2, 2024 [3] - The conference call can be accessed by dialing 1-877-451-6152 for domestic calls or 1-201-389-0879 for international calls [4] - A replay of the conference call will be available until 11:59 pm (Eastern Time) on August 16, 2024 [4]

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].