SiriusPoint Reports Third Quarter 2026 Results and Announces LPT on Remaining Run-Off Reserves
Key Highlights
- ➤Net income $87 million, or $0.74 per diluted common share
- ➤Operating earnings per share rose 19% to $0.88
- ➤Core gross written premium increased 14%, led by 20% Insurance & Services growth
- ➤LPT with RiverStone expected to unlock over $200 million in capital
- ➤Nine-month net income $255 million, up 25% year over year
Expert Statements
Scott Egan, Chief Executive Officer of SiriusPoint
“Our third quarter results represent continued strong performance, with our diversified, low-volatility portfolio again delivering on both growth and profitability. Our Insurance & Services segment grew by 20% and our core combined ratio was 90.1% both in the quarter and year to date. With an operating return on equity of 17.6% for the quarter and 15.8% year to date, the business continues to outperform against our 12-15% target.”
Scott Egan, Chief Executive Officer of SiriusPoint
“We continue to create value for our shareholders as our book value per share (ex. AOCI) grew by 4% in the quarter and 12% year to date. As we head into the final quarter, we believe our underwriting credentials and positive momentum position us well to close out the year with confidence. Our balance sheet and capital are very strong, and we have the agility to deploy capital where we see the best opportunities.”
Scott Egan, Chief Executive Officer of SiriusPoint
“We have also announced another important milestone in the quarter linked to our legacy run-off portfolio, agreeing a loss portfolio transfer with RiverStone. This will allow us to effectively close the door on this historical book of reserves, further simplifying our business and unlocking significant capital.”
HAMILTON, Bermuda, Nov. 05, 2026 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty underwriter, today announced results for its third quarter ended September 30, 2026, and entered into a loss portfolio transfer (LPT) agreement to close the chapter on its legacy portfolio.
Third Quarter 2026 Highlights * Net income available to SiriusPoint common shareholders of $87 million, or $0.74 per diluted common share * Operating earnings per share increased 19% to $0.88 * Return on equity of 15.4%, with operating return on equity of 17.6% * Core gross written premium increased 14%, driven by 20% growth in Insurance & Services * Core combined ratio of 90.1% * Book value per diluted common share (ex. AOCI) increased 4% from June 30, 2026 to $20.21 * Balance sheet remains strong with BSCR estimate of 232% Nine Months 2026 Highlights * Net income available to SiriusPoint common shareholders of $255 million, up 25% versus prior year * Diluted earnings per common share of $2.14, with operating earnings per share up 17% to $2.29 * Return on equity of 15.1%, with operating return on equity of 15.8% * Insurance & Services gross written premium growth of 14%; continued discipline in Reinsurance with premiums decreasing 6% * Core combined ratio of 90.1% improved 1.3 points versus prior year * Book value per diluted common share (ex. AOCI) increased 12% from December 31, 2025 to $20.21 SiriusPoint’s LPT agreement with RiverStone covers substantially all of the remaining run-off reserves and is supported by significant limit and strong collateral. The deal is expected to unlock over $200 million of capital currently supporting the run-off portfolio. The deal is subject to regulatory approval.
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