earnings
confidence high
sentiment positive
materiality 0.80
SiriusPoint Q4 net income $94M, core combined ratio 93.4%; FY2023 ROE 16.2% beats guidance
SiriusPoint Ltd
2023-FY EPS reported
$1.85
revenue$2,737,300,000
- Q4 net income $94M ($0.50 diluted EPS); FY net income $339M ($1.85 diluted EPS).
- Core combined ratio 93.4% in Q4, 89.1% for full year; underwriting income $250M in FY.
- Net investment income $284M for FY; book value per diluted share $13.35, up 17.9% YoY.
- Cost savings program delivered >$50M ahead of schedule; reduced MGA stakes from 36 to 26.
- Medium-term ROE target 12-15%; FY2023 ROE 16.2% exceeded prior double-digit target.