SiriusPoint Q4 net loss $27M; full-year loss $403M; aims for double-digit ROACE by 2024

SiriusPoint Ltd

2022-FY EPS reported -$2.51 revenue$2,105,600,000

Q4 net loss $27M ($0.17/diluted share); full-year net loss $403M ($2.51/diluted share).
Q4 combined ratio 90.4% (underwriting income $58M); full-year combined ratio 96.4%.
Tangible book value per diluted share fell 21.4% to $10.43 from Dec 2021.
Targeting >$50M cost reduction and double-digit ROACE by 2024; 2023 transitional.
CVRs mature Feb 26, 2023; payment formula based on VWAP. Series B preference dividend $0.50/share payable Feb 28.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SiriusPoint Ltd reported full year ended December 31, 2022 results: net income Net loss of $403 million, or $2.51 per diluted common share, EPS $2.51 per diluted common share. Guidance reaffirmed.

Period: full year ended December 31, 2022
Net income: Net loss of $403 million, or $2.51 per diluted common share
EPS: $2.51 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net loss of $403 million, or $2.51 per diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SiriusPoint Ltd reported fourth quarter ended December 31, 2022 results: net income Net loss of $27 million, or $0.17 per diluted common share, EPS $0.17 per diluted common share. Guidance reaffirmed.

Period: fourth quarter ended December 31, 2022
Net income: Net loss of $27 million, or $0.17 per diluted common share
EPS: $0.17 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net loss of $27 million, or $0.17 per diluted common share

View on SEC.gov

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Source: SEC EDGAR

accession 0001576018-23-000013

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