Financial Performance - For the second quarter of 2019, Sirius Group's Gross Written Premiums were $487 million[7], and for the year-to-date 2019, the Gross Written Premiums reached $1,109 million[7] - The GAAP Combined Ratio for the second quarter of 2019 was 105%, and for the year-to-date 2019, it was 99%[7] - As of June 30, 2019, the book value per common share was $15.47, and the adjusted book value per share was $15.87[7] - As of June 30, 2019, Total Cash and Investments amounted to $3,597 million[7] Investment Portfolio - As of June 30, 2019, the investment portfolio's asset allocation included 50% in Fixed Maturity, 25% in Short-term investments, 11% in Equity Securities, 3% in Cash, and 11% in Other long-term investments[13] - As of June 30, 2019, the fixed income quality of the investment portfolio was comprised of 41% AA, 33% AAA, 15% A, 8% BBB and 3% NIG[15] Business Segments - For the second quarter of 2019, Global Property gross written premiums were $236.2 million, Global A&H gross written premiums were $152.8 million, and Specialty & Casualty gross written premiums were $96.9 million[9] - For the year-to-date 2019, Global Property gross written premiums were $566.9 million, Global A&H gross written premiums were $322.1 million, and Specialty & Casualty gross written premiums were $217.8 million[9] Company Overview - Sirius Group has clients in 150 countries and 20 global underwriting and representative offices[28] - The company's 5-year net combined ratio (average 2014-2018) is 93.3%[29]
SiriusPoint(SPNT) - 2019 Q2 - Earnings Call Presentation