Siriuspoint Ltd Stock Price, News & Analysis

SiriusPoint (NYSE: SPNT) has announced the release date for its second quarter 2024 financial results. The company will publish its earnings after the market close on Thursday, August 1, 2024. Following this, SiriusPoint will host a webcast and conference call to discuss the financial results on Friday, August 2, 2024, at 8:30 am Eastern Time.

Investors can access the live webcast through the Investor Relations section of SiriusPoint's website. For those unable to attend the live event, an online replay will be available immediately after the call. 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 August 16, 2024, by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with the passcode 13746890.

SiriusPoint (NYSE: SPNT), a global specialty insurer and reinsurer, announced the appointment of Susan Cross to its Board of Directors effective May 24, 2024. This appointment brings the total number of board members to 10. Susan Cross has over 40 years of experience in the (re)insurance industry, including roles at Enstar Group and XL Group (now AXA XL). She also serves as a Non-Executive Director at Unum Group. Bronek Masojada, Chair of the Board, praised her extensive experience and leadership skills, highlighting her ability to drive growth and support SiriusPoint's strategic plans.

SiriusPoint, a global specialty insurer and reinsurer (NYSE: SPNT), has appointed Jim McKinney as Chief Financial Officer, effective June 3, 2024. McKinney brings over 20 years of experience, having previously served as CFO at Kemper and Banc of California. He has a track record of creating high-performing finance functions and leading transformations for growth. McKinney will report to CEO Scott Egan and join SiriusPoint's Executive Leadership Team. The current CFO, Steve Yendall, will be succeeded by McKinney and leaves with the company's best wishes.

SiriusPoint reported a strong start to 2024 with a core combined ratio of 91.4%, 5% improvement over the prior year, and net income of $90.8 million for the first quarter. Debt restructuring completed, improving financial leverage by approximately 2.5 points, with an improved Q4'23 BSCR estimate of 255%. The company aims for an ROE guidance of 12-15% in the medium term.

Key financial metrics show a positive trend, with core underwriting income of $44.3 million, core net services fee income of $19.8 million, and net investment income of $78.8 million. Book value per diluted common share increased by $0.29 to $13.64 per share, and the debt to capital ratio decreased to 22.8%. The company continues to focus on strategic priorities and aims to maintain positive performance throughout the year.