SiriusPoint Q1 net income $139M; core combined ratio 80.5%; LPT closing June

SiriusPoint Ltd

2023-Q1 EPS reported $0.78 revenue$684,900,000

Net income $139M ($0.78 diluted EPS) vs prior-year loss; annualized ROE 28.3%.
Core combined ratio 80.5% (underwriting income $107M); overall combined ratio 73.8%.
Tangible book value per diluted share $11.41, up 9.4% from Dec 2022.
Loss Portfolio Transfer of $1.3B expected to close June 2023, releasing ~$150M capital.
Bronek Masojada (ex-CEO Hiscox) appointed as Independent Director.

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 0.99

SiriusPoint Ltd reported first quarter ended March 31, 2023 results: net income $139 million, or $0.78 per diluted common share, EPS $0.78 per diluted common share.

Period: first quarter ended March 31, 2023
Net income: $139 million, or $0.78 per diluted common share
EPS: $0.78 per diluted common share
Result: reported results

Exact text from the filing

On May 3, 2023, SiriusPoint Ltd. issued a press release reporting its financial results for the first quarter ended March 31, 2023

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SiriusPoint Ltd filing history →

Source: SEC EDGAR

accession 0001576018-23-000062

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