earnings
confidence high
sentiment positive
materiality 0.75
SiriusPoint Q3 underlying net income $89M, up 69% YoY; core combined ratio 88.5%
SiriusPoint Ltd
2024-Q3 EPS reported
$1.11
revenue$1,991,000,000
- Q3 net income $5M; underlying net income $89M, up 69% YoY, driven by underwriting and investment income.
- Core combined ratio 88.5%, 4-point improvement; core underwriting income $62.5M.
- Book value per diluted share $14.73, up 3% in Q3 and 10% YTD; BSCR estimate 265%.
- Pre-tax Hurricane Milton loss estimate $30M-$40M net of reinsurance and reinstatement premiums.
- Series B preference dividend $0.50/share payable Nov 30, 2024 to holders of record Nov 15, 2024.