earnings
confidence high
sentiment positive
materiality 0.80
SiriusPoint Q4 core combined ratio 90.2%, underlying net income $44M; ends repositioning
SiriusPoint Ltd
2024-FY EPS reported
$1.04
revenue$2,603,800,000
- Core combined ratio improved 3.2 pts YoY to 90.2% in Q4; FY 2024 Core combined ratio 91.0%, underwriting income $200M.
- Underlying net income $44M in Q4, contributing to $304M for FY 2024, up 14% YoY.
- Book value per diluted share ex. AOCI $14.64, up 9.8% YoY; ROE 9.1% (underlying 14.6%, upper end of 12-15% target).
- Permanent retirement of 45.7M shares repurchased from CM Bermuda; >20% EPS accretion.
- Q4 net loss $21M due to three one-time items (CM Bermuda repurchase, Enstar LPT closure, MGA write-down); marks end of significant reshaping.