Insurer SiriusPoint posts 120% jump in Q2 underlying EPS

SiriusPoint

04/08/2025 11:16

Overview

SiriusPoint Q2 core combined ratio improves 3.8 points to 89.5%

Diluted EPS of $0.50, underlying EPS at $0.66, up 120% yr/yr

Gross premiums written grow 10%, fifth consecutive quarter of double-digit growth

Outlook

Company does not provide specific future financial guidance

Result Drivers

UNDERWRITING STRATEGY - Improved core combined ratio driven by decreased catastrophe losses and favorable prior year loss reserve development

PREMIUM GROWTH - Strong gross premiums written growth of 10% for Core business, marking fifth consecutive quarter of double-digit growth

INSURANCE & SERVICES EXPANSION - Growth in Insurance & Services segment, including expansion in Surety and strategic organic growth initiatives

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$59.20 mln
Q2 Combined Ratio
86.1%
Q2 Core Combined Ratio
89.5%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the reinsurance peer group is "buy"

Wall Street's median 12-month price target for Siriuspoint Ltd is $25.00, about 21.7% above its August 1 closing price of $19.58

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX2CVjbc

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)