SiriusPoint Reports Third Quarter 2025 Results with Core Combined Ratio of 89.1%

Core Insights - SiriusPoint Ltd. reported strong third-quarter results for 2025, highlighting robust underwriting performance, targeted growth, and a positive outlook upgrade by S&P [1][4][6] Financial Performance - The company achieved an operating return on equity of 17.9% for the quarter, exceeding its target range of 12-15% [2][6] - The Core combined ratio for the third quarter was 89.1%, resulting in an 11% increase in underwriting income year-over-year [3][6] - Gross premiums written increased by 26% year-over-year for the quarter, with Accident & Health being the primary contributor [3][6][13] Shareholder Value - The anticipated sale of two Managing General Agent (MGA) investments is expected to unlock approximately $1.75 per share in value for shareholders, which is not yet reflected in the book value [4][6] - Book value per diluted common share increased by 5.3% in the quarter to $16.47, indicating a strong balance sheet [6][12] Segment Performance - The Insurance & Services segment saw gross premiums written rise by 49.5% in the third quarter, driven by growth in Surety and Accident & Health [21][22] - The Reinsurance segment experienced a slight decrease in gross premiums written by 1.6% for the third quarter, primarily due to declines in Aviation and International Credit [27][28] Year-to-Date Highlights - For the nine months ended September 30, 2025, gross premiums written increased by 15.6% to $2,791.6 million, with significant contributions from the Insurance & Services segment [17][24] - Core underwriting income for the nine months was $165.7 million, up from $143.7 million in the previous year, driven by premium growth and improved cost ratios [18][26]