SiriusPoint Q2 net income $66M, core combined ratio 87.7%, targeting double-digit ROE in 2023

SiriusPoint Ltd

2023-Q2 EPS reported $1.14 revenue$1,453,000,000

Q2 2023 net income available to common shareholders $66M, $0.37 per diluted share; H1 net income $205M.
Core combined ratio 87.7% for Q2, 84.4% for H1; consolidated combined ratio 81.9% (Q2) and 78.2% (H1).
Net investment income $69M in Q2, $130M in H1; FY2023 guidance reaffirmed at $220-240M.
Run-rate cost savings of $35-40M vs prior year on underlying basis; targeting >$50M by end 2024.
Quarterly cash dividend of $0.50 per Series B preference share declared, payable Aug 31, 2023.

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 0.9

SiriusPoint Ltd reported the second quarter ended June 30, 2023 results: net income $66 million, EPS $0.37 per diluted common share. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Net income: $66 million
EPS: $0.37 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income available to SiriusPoint common shareholders of $66 million, or $0.37 per diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SiriusPoint Ltd reported the six months ended June 30, 2023 results: net income $205 million, EPS $1.14 per diluted common share. Guidance reaffirmed.

Period: the six months ended June 30, 2023
Net income: $205 million
EPS: $1.14 per diluted common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income available to SiriusPoint common shareholders of $205 million, or $1.14 per diluted common share

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Source: SEC EDGAR

accession 0001576018-23-000099

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