Siriuspoint Ltd Stock Price, News & Analysis

Ambac Financial Group (NYSE: AMBC) has announced the acquisition of ArmadaCare from SiriusPoint for $250 million. ArmadaCare, headquartered in Hunt Valley, Maryland, is a leading supplemental health insurance program manager specializing in innovative workplace benefit products.

The transaction will be financed through a combination of cash and new debt, including a $120 million commitment from Truist Bank. The deal is expected to close in Q4 2025 and become accretive to shareholders by 2026. ArmadaCare's current CEO Ed Walker will continue leading the health insurance business with his management team.

This strategic acquisition follows Ambac's transformation into a pure-play MGA and specialty insurance platform, strengthening its market position and accelerating its specialty insurance distribution strategy.

SiriusPoint (NYSE: SPNT) has agreed to sell ArmadaCare, its supplemental health insurance program manager, to Ambac Financial Group for $250 million. The transaction values Armada at approximately 14x EBITDA and is expected to generate a pre-tax gain of $220-230 million for SiriusPoint.

While divesting its equity stake, SiriusPoint will maintain a capacity partnership with Armada through 2030. The deal is anticipated to increase pro-forma tangible book value by 10% upon closing in Q4 2025. The company maintains its across-the-cycle target return on equity of 12% to 15% and continues to see growth opportunities in its Accident & Health segment, including through its International Medical Group platform.

SiriusPoint (NYSE:SPNT), a global specialty insurer and reinsurer, has appointed Martin Hudson as Board Director, effective September 1, 2025. Hudson brings over 40 years of international (re)insurance leadership experience in underwriting, risk management, governance, and executive management.

Hudson currently serves as Independent Non-Executive Director at Liberty Mutual Managing Agency Ltd and Liberty Mutual Insurance Europe SE. His extensive career includes senior executive positions at Travelers Insurance, Mitsui Sumitomo Insurance Group, and Old Mutual Specialty Insurance, with experience spanning the US, UK, Europe, Canada, and Asia.

SiriusPoint (NYSE:SPNT) reported strong Q2 2025 results with significant improvements in key metrics. The company achieved a Core combined ratio of 89.5%, representing a 3.8-point improvement from the previous year. Underwriting income grew 83% year-over-year to $68 million for Core business.

Key financial highlights include net income of $59.2 million ($0.50 per diluted share), Core income of $76.3 million, and gross premiums written growth of 10% marking the fifth consecutive quarter of double-digit growth. The company's return on equity reached 12.7%, with underlying ROE of 17.0% exceeding their 12-15% target range.

Book value per diluted common share (ex. AOCI) increased by 3.2% to $15.64, and the company maintained a strong balance sheet with a Q2'25 BSCR estimate at 223%. The Insurance & Services segment showed particularly strong performance with a 14.3% increase in gross premiums written to $560.4 million.

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.