earnings
confidence high
sentiment positive
materiality 0.80
SiriusPoint Q1 net income $90.8M; core combined ratio 91.4%, book value up 2.2%
SiriusPoint Ltd
2024-Q1 EPS reported
$0.49
revenue$685,500,000
- Net income available to common shareholders of $90.8M ($0.49 diluted EPS); annualized ROE 15.4%.
- Core combined ratio improved to 91.4% from 80.5% a year ago; sixth consecutive quarter of underwriting profit.
- Net investment income $78.8M; book value per diluted share $13.64, up 2.2% from Dec 31, 2023.
- Debt restructuring: refinanced $400M senior notes and redeemed $115M; financial leverage to drop ~2.5 pts.
- Quarterly dividend of $0.50 per Series B preference share declared, payable May 31, 2024 to holders of record May 15, 2024.