Fitch Ratings Upgrades SiriusPoint’s Operating Subsidiaries to ‘A’ (Strong)

Rhea-AI Summary

SiriusPoint (NYSE:SPNT) on Feb 25, 2026 received upgraded ratings from Fitch: operating subsidiaries IFS to A (Strong) from A-, Long-Term IDR to BBB+ from BBB, and senior debt to BBB from BBB-; Outlook is Stable.

Fitch cited improved earnings, strengthened capitalization, reduced leverage, solid three-year underwriting results, favorable reserve development and improved shareholders' equity as drivers of the upgrade.

Positive

• Operating subsidiaries IFS upgraded to A (Strong)
• Long-Term IDR raised to BBB+
• Senior debt rating increased to BBB
• Fitch cited strong earnings and underwriting profitability
• Noted strengthened capitalization and reduced leverage
• Favorable reserve development and improved shareholders' equity

Negative

• None.

HAMILTON, Bermuda, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Fitch Ratings (“Fitch”) has today announced that it has upgraded the ratings of SiriusPoint Ltd. (“SiriusPoint” or “the Company”), including the Insurer Financial Strength (IFS) rating of its operating subsidiaries to 'A' (Strong) from 'A-', its Long-Term Issuer Default Rating (IDR) to 'BBB+' from 'BBB', and its senior debt rating to 'BBB' from 'BBB-'. The Rating Outlook is Stable.

Fitch said: “The upgrade of SiriusPoint’s ratings reflects strong and improved earnings in recent years driven by favorable operating results from solid underwriting profitability, with a reduced risk profile following a strategic repositioning of the (re)insurance portfolio and exiting non-core lines to lessen overall volatility.”

Key ratings drivers include SiriusPoint’s strong financial performance, strengthened capitalization and reduced leverage. Fitch also highlighted SiriusPoint’s solid underwriting results over the last three years, favorable reserve development, improved shareholders’ equity, and a combined ratio which reflects “underlying underwriting improvement with improved risk selection.”

Scott Egan, Chief Executive Officer at SiriusPoint, said: “This recognition from Fitch means a great deal to us. The upgrade is a positive endorsement of the progress we’ve made and the strength of our balance sheet. It also follows a strong full-year 2025 performance, which marked another important step forward for SiriusPoint. We have entered 2026 with real momentum.”

Click here for full details in the Fitch press release.

About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A (Strong) from Fitch, A- from AM Best and S&P, and A3 from Moody’s. For more information, please visit https://www.siriuspt.com/

Forward-Looking Statements
We make statements in this press release, and any related oral statements, that are forward-looking statements within the meaning of the U.S. federal securities laws, which we intend to be covered by the safe harbor provisions for such forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those made in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors described in SiriusPoint’s most recent Annual Report on Form 10-K and any other subsequent periodic reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date made and SiriusPoint undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise

Contacts

Investor Relations
Liam Blackledge, SiriusPoint
Liam.Blackledge@siriuspt.com
+44 203 772 3082

Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44 7718 882011

FAQ

What ratings did Fitch assign to SiriusPoint (SPNT) on Feb 25, 2026?

Fitch upgraded SiriusPoint’s operating subsidiaries IFS to A (Strong) and raised long-term ratings. According to SiriusPoint, the Long-Term IDR moved to BBB+ and senior debt to BBB, with a Stable outlook.

Why did Fitch upgrade SiriusPoint (SPNT) ratings in Feb 2026?

Because of improved earnings, capitalization and underwriting results over recent years. According to SiriusPoint, Fitch highlighted stronger earnings, reduced leverage, favorable reserve development and better shareholders’ equity driving the upgrade.

How does the Fitch upgrade affect SiriusPoint’s credit outlook and stability?

Fitch set a Stable outlook alongside the upgrades, signaling limited near-term change. According to SiriusPoint, the Stable outlook reflects continued momentum from 2025 performance and improved risk profile.

Does the Fitch upgrade reflect changes in SiriusPoint’s underwriting performance?

Yes — Fitch cited solid underwriting profitability and a better combined ratio over three years. According to SiriusPoint, improved risk selection and favorable reserve development underpinned the underwriting improvement.

What balance-sheet factors did Fitch cite for SiriusPoint’s upgrade?

Fitch pointed to strengthened capitalization and reduced leverage as key factors. According to SiriusPoint, those balance-sheet improvements, plus higher shareholders’ equity, supported the higher ratings.

Will the Fitch upgrade likely change SiriusPoint’s funding costs or market perception?

Upgraded ratings can improve market perception and may modestly lower funding costs over time. According to SiriusPoint, Fitch’s endorsement reflects stronger financial footing and could support investor confidence into 2026.