Siriuspoint Ltd Stock Price, News & Analysis

SiriusPoint (NYSE:SPNT), an international specialty insurer and reinsurer, has declared a quarterly cash dividend for its Series B Preference Shares. The company will pay $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, which have a $0.10 par value and $25.00 liquidation preference per share.

The dividend will be paid on or before August 29, 2025 to Series B shareholders of record as of August 14, 2025.

SiriusPoint (NYSE:SPNT) has scheduled its second quarter 2025 earnings release for Monday, August 4, 2025, before market open. The company will host a conference call with a Q&A session at 8:30 a.m. Eastern Time on the same day.

Investors can access the live webcast through the Investor Relations section of SiriusPoint's website. For those preferring phone access, the call can be joined via 1-877-451-6152 (domestic) or 1-201-389-0879 (international). A replay will be available until August 18, 2025, accessible through the website or by phone using passcode 13754248.

SiriusPoint Ltd. (NYSE:SPNT) reported strong Q1 2025 financial results with a net income of $57.6 million ($0.49 per diluted share). The company achieved its tenth consecutive quarter of underwriting profits with a Core combined ratio of 95.4%. Key highlights include Core gross premiums written growth of 12.4% to $989.9 million, and net premiums written growth of 20%. The quarter saw a $59 million net impact from California Wildfires, though below guided range. Book value per diluted common share increased 5.3% to $15.37. The company maintained strong financial stability with a Q1'25 BSCR estimate at 227%, and both AM Best and Fitch revised their outlook to Positive from Stable. The Insurance & Services segment showed particularly strong performance with a 21.1% increase in gross premiums written to $635.1 million.

SiriusPoint Ltd. (NYSE: SPNT), an international specialty insurer and reinsurer, has declared a quarterly cash dividend for its Series B Preference Shares. The $0.50 per share dividend on the 8.00% Resettable Fixed Rate Preference Shares will be paid on or before May 30, 2025 to shareholders of record as of May 15, 2025. These Series B shares have a $0.10 par value and a $25.00 liquidation preference per share.

AM Best has revised the outlook for SiriusPoint (NYSE: SPNT) from Stable to Positive, while affirming its Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of 'a-'. The revision reflects the company's improved balance sheet strength following strategic management actions.

Key improvements highlighted include:

• Derisking of investment portfolio
• Reduction in catastrophe exposure
• Buy-back of shares and warrants from CM Bermuda

AM Best assesses SiriusPoint's consolidated balance sheet strength as 'very strong' with adequate operating performance, neutral business profile, and appropriate enterprise risk management. The agency expects the group to maintain its risk-adjusted capitalization at the strongest level, supported by prudent capital management and effective underwriting.

This positive outlook revision follows Fitch Ratings' recent affirmation of SiriusPoint's ratings, including its BBB Long-Term Issuer Default Rating and A- Insurer Financial Strength rating for its subsidiaries.

SiriusPoint (NYSE: SPNT) has scheduled the release of its first quarter 2025 financial results after market close on Monday, May 5, 2025. The company will host a webcast and conference call to discuss the results on Tuesday, May 6, 2025, at 8:30 am Eastern Time.

Investors can access the live webcast through the Investor Relations section of SiriusPoint's website at www.siriuspt.com. For those preferring to join via phone, the conference call can be accessed by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international). A replay will be available until May 20, 2025, via phone using passcode 13752221.

Fitch Ratings has affirmed SiriusPoint's ratings while revising its outlook to Positive from Stable, citing significant underwriting performance improvements in 2023-2024. The company maintains its 'BBB' Long-Term Issuer Default Rating, 'BBB-' senior debt rating, and 'A-' (Strong) Insurer Financial Strength rating.

Key achievements include the complete repurchase of outstanding shares and warrants from CM Bermuda and strong financial results, with $184 million in net income for 2024. The company reported nine consecutive quarters of strong operating performance, benefiting from underwriting profits, increased investment income, and a $96 million gain from an MGA deconsolidation.

Fitch expects favorable underwriting results to continue as SiriusPoint focuses on growing its primary insurance business, following successful portfolio repositioning and exit from non-core lines to improve profitability and reduce volatility.

SiriusPoint (NYSE: SPNT) has completed two significant transactions: the repurchase of all common shares and warrants from CM Bermuda for $733 million, and a registered secondary offering of 4,106,631 common shares by entities associated with Daniel S. Loeb.

The CM Bermuda transaction is immediately accretive to book value by 4% and is expected to boost SiriusPoint's return on equity and earnings per share. As part of the secondary offering, SiriusPoint repurchased 500,000 common shares at $14 per share. Following these transactions, CM Bermuda has no remaining ownership or board representation, while the Loeb Entities now own approximately 9.54% of SiriusPoint's outstanding common shares.

SiriusPoint (NYSE: SPNT) has announced the pricing of a registered secondary offering by entities associated with Daniel S. Loeb of 4,106,631 common shares at $14.00 per share. The offering is expected to close on February 27, 2025.

As part of the transaction, SiriusPoint will repurchase 500,000 shares at the public offering price and cancel them. Following the completion of this offering and the previously announced repurchase of shares and warrants from CM Bermuda, the Loeb Entities will own approximately 9.54% of SiriusPoint's outstanding common shares.

The remaining shares owned by the Loeb Entities will be subject to a 90-day lock-up agreement with Jefferies, the sole bookrunning manager for the offering.