SPNT
SiriusPoint Ltd.21.95
-0.37-1.66%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.56BP/E (TTM)
13.38Basic EPS (TTM)
1.64Dividend Yield
0%Recent Filings
8-K
Strong Q3 underwriting, premium surge
SiriusPoint reported Q3 2025 core underwriting income of $70 million, up 11% year-over-year, with a combined ratio of 89.1% amid 26% gross premium growth driven by accident & health and surety lines. Operating return on equity hit 17.9%, exceeding the 12-15% target, while book value per diluted share rose 5.3% to $16.47. Yet catastrophe losses from California wildfires pressured nine-month results. MGA sales will boost book value by $1.75 per share upon closing.
10-Q
Q3 FY2025 results
SiriusPoint's Q3 2025 results showed net premiums earned up 14.0% y/y to $647.7M, driven by 49.5% growth in Insurance & Services from A&H and surety expansion, while Reinsurance dipped 1.6% on aviation declines. Underwriting income rose 2.7% y/y to $91.4M, with combined ratio steady at 85.9% thanks to lower catastrophe losses, though prior year development softened to $8.9M favorable. Net investment income fell 21.4% y/y to $72.7M amid a smaller portfolio post-share repurchases, yet diluted EPS surged to $0.73 from $0.03, reconciling to 118.8M shares. Cash stood at $582.4M with $682.5M debt; free cash flow not disclosed in the 10-Q. The pending Armada sale for $250M, closing Q4 2025, eyes $220M-$230M gain. Regulatory scrutiny on reserves lingers as a key risk.
8-K
CAO resigns, CFO assumes role
SiriusPoint Ltd. announced on October 13, 2025, that Chief Accounting Officer Evan Cabat will resign effective October 31, 2025, to pursue another opportunity, with no disagreements on financials or operations. CFO Jim McKinney will take on the principal accounting officer role alongside his current duties. The smooth transition underscores steady leadership amid routine executive shifts.
8-K
SiriusPoint sells Arcadian stake
SiriusPoint agreed to sell its 49% stake in Arcadian MGA to Lee Equity Partners for $139 million, including a pre-close dividend, expecting a pre-tax gain of $25-30 million on top of the $96 million recognized in Q2 2024. The deal, announced October 3, 2025, and set to close by Q1 2026 pending approvals, pairs with extended capacity agreements through 2031 to sustain underwriting partnerships. Arcadian generated $17.6 million in LTM adjusted EBITDA. Yet regulatory hurdles loom.
8-K
SiriusPoint sells ArmadaCare for $250M
SiriusPoint agreed to sell its supplemental health insurance program manager ArmadaCare to Ambac Financial Group for $250 million on September 29, 2025, with closing expected in Q4 pending regulatory approvals. The deal unlocks off-balance sheet value, delivering a pre-tax gain of $220-230 million and boosting pro-forma tangible book value by 10%, while a capacity partnership extends to 2030. This sharpens focus on core Accident & Health growth. Risks hinge on approvals.
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