SiriusPoint (SPNT) jumps to $444M 2025 profit, plans $100M buyback

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

SiriusPoint Ltd. reported very strong fourth-quarter and full-year 2025 results, highlighting profitable growth and capital returns. Net income available to common shareholders reached $240 million in Q4, or $1.97 per diluted share, with operating earnings per share of $0.70. Annual net income was $444 million, or $3.64 per diluted share, and operating earnings per share rose 49% to $2.55. The company delivered an annualized return on equity of 44.9% in Q4 and 22.1% for the year, with operating ROE of 16.2%. Gross written premiums grew 16% in 2025 and the Core combined ratio was 91.7%, indicating solid underwriting profitability.

Book value per common share increased to $19.40, while book value per diluted share excluding AOCI rose 23.6% to $18.10. SiriusPoint announced it will redeem all Series B preference shares, expecting its leverage ratio to fall to about 23%, and plans to repurchase $100 million of common shares over the next 12 months. The balance sheet remained strong with a year-end BSCR estimate of 247%. Strategic actions included selling a 49% stake in Arcadian for $140.4 million (with an expected pre-tax gain of about $25 million in the first quarter of 2026) and agreements to acquire Assist America for approximately $42.5 million and the World Nomads travel insurance business to expand medical and travel assistance capabilities.

Positive

Substantial earnings improvement: 2025 net income available to common shareholders rose to $443.6 million, with operating earnings per share up 49% to $2.55 and operating ROE at 16.2%, indicating significantly stronger profitability.
Capital return and de-risking: The company plans a $100 million common share repurchase over 12 months and will redeem all 8.0% Series B preference shares, targeting a leverage ratio of about 23% while maintaining a BSCR solvency estimate of 247%.
Book value and underwriting strength: Book value per diluted share ex-AOCI increased 23.6% to $18.10, supported by 16% gross written premium growth and a Core combined ratio of 91.7%, reflecting profitable expansion.

Negative

None.

Insights

Strong 2025 profitability, capital return, and balance sheet actions look materially positive.

SiriusPoint delivered a major earnings step-up in 2025. Net income available to common shareholders rose to $443.6M, with operating earnings per share climbing 49% to $2.55. Combined ratios around the low-90s on a Core basis and 88.3% on a consolidated basis show disciplined underwriting alongside premium growth of 16.1%.

Capital strength underpins new shareholder-friendly moves. Book value per diluted share excluding AOCI increased 23.6% to $18.10, while the year-end BSCR solvency estimate was 247%. Management plans to redeem all 8.0% Series B preference shares on February 26, 2026, which is expected to reduce the leverage ratio to about 23%.

In parallel, the company intends to repurchase $100M of common shares over the next 12 months, signaling confidence in its valuation and capital position. Strategic portfolio actions—such as the $140.4M Arcadian sale with an expected pre-tax gain of roughly $25M, and the Assist America and World Nomads acquisitions—reorient earnings toward fee-based medical and travel assistance. Actual impact will depend on integration execution and insurance market conditions discussed in the 2025 results and related disclosures.

02/18/2026 - 04:19 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 18, 2026 (February 18, 2026)

SIRIUSPOINT LTD.

(Exact name of registrant as specified in its charter)

Bermuda

001-36052

98-1599372

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

Point Building

3 Waterloo Lane

Pembroke HM 08 Bermuda

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: +1 441 542-3300

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Shares, $0.10 par value	SPNT	New York Stock Exchange
8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share	SPNT PB	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐


Item 2.02			Results of Operations and Financial Condition.

On February 18, 2026, SiriusPoint Ltd. issued a press release reporting its financial results for the fourth quarter ended December 31, 2025 attached hereto as Exhibit 99.1.

The information contained in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished pursuant to this Item 2.02. This information shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, or incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


Item 7.01			Regulation FD Disclosure.

On February 18, 2026, SiriusPoint Ltd. made available to investors its fourth quarter financial supplement attached hereto as Exhibit 99.2, and slide presentation attached hereto as Exhibit 99.3 by SiriusPoint Ltd. in presentations to investors.

The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 and Exhibit 99.3 attached hereto, are being furnished pursuant to this Item 7.01. This information shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, or incorporated by reference into any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.


Item 9.01			Financial Statements and Exhibits.

(d) Exhibits



Exhibit No.						Description

99.1						Press Release dated February 18, 2025, announcing the earnings of SiriusPoint Ltd. for the Fourth Quarter Ended December 31, 2025.
99.2						Fourth Quarter Ended December 31, 2025 Financial Supplement.
99.3						SiriusPoint Ltd. Presentation to Investors, dated December 31, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Date: February 18, 2026	/s/ Scott Egan
	Name:	Scott Egan
	Title:	Chief Executive Officer

SiriusPoint Reports Fourth Quarter 2025 Net Income of $240m, Return on Equity of 44.9% and Operating Return on Equity of 17.1%

HAMILTON, Bermuda, February 18, 2026 - SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2025

Fourth Quarter 2025 Highlights

•Net income available to SiriusPoint common shareholders of $240 million, or $1.97 per diluted common share with operating earnings per share of $0.70

•Annualized return on equity of 44.9%, operating return on equity of 17.1%

•Fourth quarter gross and net written premium growth of 18%

•Fourth quarter Core combined ratio of 92.9%

•Book value per diluted common share (ex. AOCI) increased $1.63 per share, or 9.9%, from September 30, 2025 to $18.10

Capital Announcements

•Series B Preference Share redemption announced. Leverage ratio is expected to drop to historic low of 23% post redemption

•Intend to repurchase $100 million of common shares over the next 12 months

•Balance sheet remains strong with year-end BSCR estimate of 247% (pro-forma BSCR of 232% post Series B Preference Share redemption)

Full Year 2025 Highlights

•Net income available to SiriusPoint common shareholders of $444 million, or $3.64 per diluted common share, with operating earnings per share up 49% to $2.55

•Return on equity of 22.1%, operating return on equity of 16.2%

•Full year gross written premium growth of 16% with net written premiums up 19%

•Full year Core combined ratio of 91.7%

•Book value per diluted common share (ex. AOCI) increased $3.46 per share, or 23.6%, from December 31, 2024 to $18.10

Scott Egan, Chief Executive Officer, said: “The fourth quarter rounded out another very strong year for SiriusPoint. Our disciplined underwriting strategy, customer mindset, and relentless focus on delivery means we have a lot to be pleased about in 2025.

“Our top line grew 16%, we improved the quality of our underwriting earnings year-over-year by 1.5 points, grew our diluted book value per share by 28%, delivered a 49% increase in operating earnings per share over prior year, and we will reduce our leverage ratio to an all-time low of 23% by the end of February. Our operating return on equity of 16.2% has improved for the third consecutive year and, more importantly, outperformed against our 12-15% across the cycle target. Against this backdrop we are delighted to announce that over the next 12 months, we intend to repurchase $100 million of common shares.

“We enter 2026 with great momentum and determination. We are well positioned to navigate insurance market conditions, and we look forward to continuing to execute against our targets as we move closer to our ambition to becoming a best-in-class specialty underwriter. Our performance in 2025 is another important proof point for the company.

“I want to thank my colleagues for their hard work everyday and their unwavering support. These results would not be possible without their dedication and commitment.”

Key Financial Metrics

The following table shows certain key financial metrics as of and for the three and twelve months ended December 31, 2025 and 2024:


	Three months ended						Twelve months ended
	December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
	($ in millions, except for ratios)
Combined ratio	90.0		%	94.4		%	88.3		%	88.3		%
Core combined ratio ⁽¹⁾	92.9		%	90.2		%	91.7		%	91.0		%
Core underwriting income ⁽¹⁾	$	48.6		$	56.3		$	214.3		$	200.0
Core net services income ⁽¹⁾	$	4.2		$	10.4		$	41.9		$	44.6
Operating net income ⁽¹⁾	$	85.8		$	43.5		$	310.0		$	303.5
Operating earnings per share ⁽¹⁾	$	0.70		$	0.27		$	2.55		$	1.71
Annualized ROE	44.9		%	(4.0)		%	22.1		%	9.1		%
Annualized Operating ROE ⁽¹⁾	17.1		%	8.2		%	16.2		%	14.6		%


	December 31, 2025		December 31, 2024
Book value per common share	$	19.40	$	14.92
Book value per diluted common share	$	18.61	$	14.60
Book value per diluted common share ex. AOCI ⁽¹⁾	$	18.10	$	14.64
Tangible book value per diluted common share ⁽¹⁾	$	17.62	$	13.42

(1)Core combined ratio, Core underwriting income, and Core net services income are non-GAAP financial measures. See definitions in “Non-GAAP Financial Measures” and reconciliations in “Segment Reporting.” Operating net income, Operating earnings per share, Operating ROE, book value per diluted common share ex. AOCI and tangible book value per diluted common share are non-GAAP financial measures. See definitions and reconciliations in “Non-GAAP Financial Measures.”

Fourth Quarter and Full Year 2025 Summary

Consolidated underwriting income for the three months ended December 31, 2025 was $67.1 million compared to $32.7 million for the three months ended December 31, 2024. The improvement was primarily driven by decreased catastrophe losses, slightly offset by decreased favorable prior year loss reserve development.

Consolidated underwriting income for the year ended December 31, 2025 was $302.8 million compared to $276.4 million for the year ended December 31, 2024. The improvement was primarily driven by premium growth combined with an improvement in attritional loss ratio, partially offset by decreased favorable prior year loss reserve development and increased catastrophe losses.

Reportable Segments

The determination of our reportable segments is based on the manner in which management monitors the performance of our operations, which consist of two reportable segments - Insurance & Services and Reinsurance. Collectively, the sum of our two segments, Insurance & Services and Reinsurance, constitute our “Core” results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See reconciliations in “Segment Reporting”. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

Three months ended December 31, 2025 and 2024

Core Premium Volume

Gross written premium increased by $134.4 million, or 17.6%, to $896.9 million for the three months ended December 31, 2025 compared to $762.5 million for the three months ended December 31, 2024. Net earned premium increased by $95.0 million, or 16.3%, to $676.6 million for the three months ended December 31, 2025 compared to $581.6 million for the three months ended December 31, 2024. The increases in premium volume were primarily driven by our Insurance & Services segment, including expansion of Surety within our Other Specialties business line, growth across A&H, as well as continued strategic organic and new program growth in our international P&C business.

Core Underwriting Results

Core results for the three months ended December 31, 2025 included income of $52.8 million compared to $66.7 million for the three months ended December 31, 2024. Income for the three months ended December 31, 2025 consists of underwriting income of $48.6 million (92.9% combined ratio) and net services income of $4.2 million, compared to underwriting income of $56.3 million (90.2% combined ratio) and net services income of $10.4 million for the three months ended December 31, 2024. The decrease in net underwriting results was primarily driven by decreased favorable prior year loss reserve development and true-up of acquisition costs, partially offset by decreased catastrophe losses. The decrease in net service income was primarily driven by the deconsolidation of ArmadaCorp Capital, LLC (“Armada”) partially offset by higher fee income from International Medical Group, Inc. (“IMG”). Effective November 1, 2025, we deconsolidated Armada upon its sale to Ambac Financial Group Inc. We will continue our capacity partnership with Armada until the end of 2030.

Losses incurred included $15.0 million of favorable prior year loss reserve development for the three months ended December 31, 2025 primarily driven by favorable development in A&H, due to lower than expected reported attritional losses, and Property, compared to $58.1 million for the three months ended December 31, 2024 driven by reserve releases relating to prior year’s catastrophe events mainly in Property and Other Specialties. Catastrophe losses for the three months ended December 31, 2025 were $7.0 million, or 1.0 percentage point on the combined ratio, compared to $38.6 million, or 6.6 percentage points on the combined ratio, for the three months ended December 31, 2024.

Year ended December 31, 2025 and 2024

Core Premium Volume

Gross written premium increased by $512.1 million, or 16.1%, to $3,688.5 million for the year ended December 31, 2025 compared to $3,176.4 million for the year ended December 31, 2024. Net earned premium increased by $392.4 million, or 17.8%, to $2,591.5 million for the year ended December 31, 2025 compared to $2,199.1 million for the year ended December 31, 2024. The increases in premium volume were primarily driven by the Insurance & Services segment, including growth across A&H, expansion of Surety within our Other Specialties business line, and continued strategic organic and new program growth in international business, specifically London MGAs.

Core Underwriting Results

Core results for the year ended December 31, 2025 included income of $256.2 million compared to $244.6 million for the year ended December 31, 2024. Income for the year ended December 31, 2025 consists of underwriting income of $214.3 million (91.7% combined ratio) and net services income of $41.9 million, compared to underwriting income of $200.0 million (91.0% combined ratio) and net services income of $44.6 million for the year ended December 31, 2024. The improvement in net underwriting results was primarily driven by premium growth combined with an improvement in attritional loss ratio, partially offset by decreased favorable prior year loss reserve development and increased catastrophe losses.

Favorable prior year loss reserve development for the year ended December 31, 2025 was $72.2 million primarily driven by favorable development in Property, mainly from reserve releases relating to prior year’s catastrophe events, as well as favorable development in A&H, due to lower than expected reported losses, compared to $100.7 million for the year ended December 31, 2024 mainly in Property and Other Specialties from reserve releases relating to prior year’s catastrophe events. Catastrophe losses were $74.4 million, or 2.9 percentage points on the combined ratio, for the year ended December 31, 2025 primarily from the California wildfires, compared to $54.8 million, or 2.5 percentage points on the combined ratio, for the year ended December 31, 2024.

Insurance & Services Segment

Three months ended December 31, 2025 and 2024

Insurance & Services gross written premium were $556.0 million for the three months ended December 31, 2025, an increase of $105.7 million, or 23.5%, compared to the three months ended December 31, 2024, primarily driven by expansion of Surety within our Other Specialties business line, growth across A&H, and continued strategic organic and new program growth.

Insurance & Services generated income of $30.7 million for the three months ended December 31, 2025, compared to $48.4 million for the three months ended December 31, 2024. Income for the three months ended December 31, 2025 consists of underwriting income of $26.5 million (93.3% combined ratio) and net services income of $4.2 million, compared to underwriting income of $38.0 million (87.9% combined ratio) and net services income of $10.4 million for the three months ended December 31, 2024. The decrease in income was primarily driven by lower net favorable prior year loss reserve development, which was $10.4 million for the three months ended December 31, 2025, mainly in A&H, compared to $16.3 million for the three months ended December 31, 2024, as well as the true-up of acquisition costs.

Year ended December 31, 2025 and 2024

Insurance & Services gross written premium were $2,313.5 million for the year ended December 31, 2025, an increase of $472.7 million, or 25.7%, for the year ended December 31, 2025 compared to the year ended December 31, 2024, primarily driven by Accident & Health, expansion of Surety within our Other Specialties business line, and continued strategic organic and new program growth in our international business, specifically London MGAs.

Insurance & Services generated income of $165.7 million for the year ended December 31, 2025, compared to $119.8 million for the year ended December 31, 2024. Income for the year ended December 31, 2025 consists of underwriting income of $123.8 million (91.7% combined ratio) and net services income of $41.9 million, compared to underwriting income of $75.2 million (93.5% combined ratio) and net services income of $44.6 million for the year ended December 31, 2024. The improvement in underwriting income of $48.6 million for the year ended December 31, 2025 compared to the year ended December 31, 2024 was primarily driven by premium growth combined with an improved attritional loss ratio.

Reinsurance Segment

Three months ended December 31, 2025 and 2024

Reinsurance gross written premium were $340.9 million for the three months ended December 31, 2025, an increase of $28.7 million, or 9.2%, compared to the three months ended December 31, 2024, primarily driven by new business and organic growth in London and New York Casualty, partially offset by decreases in Bermuda Property, due to underlying rate decreases and growth reductions, and London Specialty.

Reinsurance generated underwriting income of $22.1 million (92.1% combined ratio) for the three months ended December 31, 2025, compared to $18.3 million (93.2% combined ratio) for the three months ended December 31, 2024. The improvement in net underwriting results for the three months ended December 31, 2025 compared to the three months ended December 31, 2024 was primarily driven by a decrease in catastrophe losses of $30.7 million and a lower attritional loss ratio, partially offset by a decrease in favorable prior year loss reserve development of $37.2 million.

Year ended December 31, 2025 and 2024

Reinsurance gross written premium were $1,375.0 million for the year ended December 31, 2025, an increase of $39.4 million, or 2.9%, for the year ended December 31, 2025 compared to the year ended December 31, 2024, primarily driven by new business and organic growth in London and New York Casualty, Credit within Other Specialties, and New York Property, partially offset by decreases in Bermuda Property, due to underlying rate decreases and growth reductions, and in Aviation.

Reinsurance generated underwriting income of $90.5 million (91.8% combined ratio) for the year ended December 31, 2025, compared to $124.8 million (88.0% combined ratio) for the year ended December 31, 2024. The decrease in net underwriting results for the year ended December 31, 2025 compared to the year ended December 31, 2024, was primarily driven by an increase in catastrophe losses of $17.6 million and a decrease in favorable prior year development of $34.9 million.

Investments

Three months ended December 31, 2025 and 2024

Net investment income and net realized and unrealized investment losses for the three months ended December 31, 2025 increased compared to the three months ended December 31, 2024 primarily driven by losses on Other long-term investments in 2024 of $24.5 million resulting from recurring valuations of our portfolio.

Year ended December 31, 2025 and 2024

Net investment income and net realized and unrealized investment losses for the year ended December 31, 2025 increased compared to the year ended December 31, 2024 primarily driven by losses on Other long-term investments in 2024 of $66.3 million resulting from recurring valuations of our portfolio. This was partially offset by a decrease in income from our debt securities and short-term investments to $264.6 million for the year ended December 31, 2025 compared to $289.7 million for the year ended December 31, 2024 due to the smaller asset base subsequent to the capital transactions executed in the second half of 2024 and the first quarter of 2025.

Fourth Quarter 2025 Subsequent Events

Sale of Arcadian

On October 3, 2025, we entered into an agreement to sell our 49% equity stake in Arcadian to Lee Equity Partners for total consideration of $140.4 million, inclusive of a pre-close dividend, which closed on January 30, 2026. We also renewed and

extended our capacity agreement with Arcadian until the end of 2031. In the first quarter of 2026, we will recognize a pre-tax gain of approximately $25.0 million.

Acquisition of Assist America

On December 31, 2025, we, through our wholly owned subsidiaries, entered into an agreement to acquire Assist America, a leading provider of global emergency travel assistance services. Assist America primarily sells its services to insurance companies as part of their corporate benefit plan products. It provides reliable global emergency assistance to over 40 million members across Asia, the Middle East and North America. The acquisition will significantly bolster our third-party medical and travel assistance revenue, increase scale in the U.S., and expand our coverage to Asia and the Middle East.

The total deal consideration is estimated as $42.5 million, which comprises cash and other contingent value components, and the estimated identifiable net assets acquired were $22.8 million. Pursuant to the agreement, our control of Assist America is effective as of January 1, 2026. As such, we will consolidate Assist America in our consolidated financial statements in the first quarter of 2026.

Redemption of Series B Preference Shares

On January 29, 2026, we announced that we will redeem all 8,000,000 of our issued and outstanding 8.0% Series B preference shares on February 26, 2026 (the “Redemption Date”). The redemption price payable on the Redemption Date is $25.00 per share, plus $0.49, which reflects unpaid, accrued cumulative dividends, to, but excluding, the Redemption Date, without interest (the “Redemption Price”). Following the redemption, no Series B preference shares will remain outstanding and all rights with respect to such Series B preference shares will cease and terminate, except for the right to receive the Redemption Price. Upon completion of the redemption, we intend to delist the Series B preference shares from the New York Stock Exchange and deregister the Series B preference shares under the Securities Exchange Act of 1934.

The redemption will help to simplify and optimize our capital structure, while also eliminating the cost of capital and related cash servicing associated with the Series B preference shares. After the redemption, our capital position will remain at or above operating target levels and we expect our leverage ratio1 to be 23%.

Acquisition of World Nomads

On February 12, 2026, Sirius International UK Holdings II Ltd (“SIUK II”), a subsidiary of our Company, entered into a purchase agreement with nib Travel Pty Ltd., an Australian proprietary limited company (“nib”), in which SIUK II or its subsidiaries will purchase equity interests and assets comprising the World Nomads travel insurance business currently operated by nib (collectively, “World Nomads”). An initial closing on the majority of the World Nomads business is expected to occur in the second or third quarter of 2026, and a final closing is expected to occur in the second half of 2027, subject to receipt of regulatory approvals and satisfaction of other customary closing conditions.

Webcast Details

The Company will hold a webcast to discuss its fourth quarter 2025 results at 8:30 a.m. Eastern Time on February 19, 2026. The webcast of the conference call will be available over the Internet from the Company’s website at www.siriuspt.com under the “Investor Relations” section. Participants should follow the instructions provided on the website to download and install any necessary audio applications. The conference call will be available by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international). Participants should ask for the SiriusPoint Ltd. fourth quarter 2025 earnings call.

The online replay will be available on the Company's website immediately following the call at www.siriuspt.com under the “Investor Relations” section.

Safe Harbor Statement Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “guidance,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. These risks and uncertainties include, but are not limited to, the "Risk Factors" described

1 Leverage ratio is defined as long-term debt plus preferred equity divided by total capital. Total capital represents the sum of shareholders’ equity and debt.

in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission.

All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures and Other Financial Metrics

About the Company

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 approximately $3.2 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s. For more information, please visit www.siriuspt.com.

Contacts

Investor Relations

Liam Blackledge - Investor Relations and Strategy Manager

Liam.Blackledge@siriuspt.com

+ 44 203 772 3082

Media

Natalie King - Global Head of Marketing and External Communications

Natalie.King@siriuspt.com

+ 44 770 728 8817

SIRIUSPOINT LTD.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of December 31, 2025 and December 31, 2024

(expressed in millions of U.S. dollars, except per share and share amounts)



	December 31, 2025		December 31, 2024
Assets
Debt securities, available for sale, at fair value, net of allowance for credit losses of $0.0 (2024 - $1.1) (cost - $5,118.3; 2024 - $5,143.8)	$	5,168.6	$	5,131.0
Debt securities, trading, at fair value (cost - $114.6; 2024 - $187.3)	90.3		162.2
Short-term investments, at fair value (cost -$28.4; 2024 - $95.3)	28.3		95.8

Other long-term investments, at fair value (cost - $421.9; 2024 - $438.2) (includes related party investments at fair value of $216.1 (2024 - $217.2)	315.1		316.5

Total investments	5,602.3		5,705.5
Cash and cash equivalents	731.2		682.0
Restricted cash and cash equivalents	171.2		212.6


Due from brokers	7.5		11.2
Interest and dividends receivable	47.1		44.0
Insurance and reinsurance balances receivable, net	2,260.3		2,054.4
Deferred acquisition costs, net	384.1		327.5
Unearned premiums ceded	487.4		463.9
Loss and loss adjustment expenses recoverable, net	2,102.3		2,315.3
Deferred tax asset	267.7		297.0
Intangible assets	121.2		140.8
Other assets	272.1		270.7
Assets held for sale	115.2		—
Total assets	$	12,569.6	$	12,524.9
Liabilities
Loss and loss adjustment expense reserves	$	5,782.5	$	5,653.9
Unearned premium reserves	1,855.4		1,639.2
Reinsurance balances payable	1,447.6		1,781.6
Deferred gain on retroactive reinsurance	—		8.5
Debt	688.6		639.1


Due to brokers	5.5		18.0
Deferred tax liability	73.0		76.2

Share repurchase liability	—		483.0
Other liabilities	246.1		286.6

Total liabilities	10,098.7		10,586.1
Commitments and contingent liabilities
Shareholders’ equity

Series B preference shares (par value $0.10; authorized and issued: 8,000,000)	200.0		200.0
Common shares (issued and outstanding: 116,989,799; 2024 - 116,429,057)	11.7		11.6
Additional paid-in capital	967.7		945.0
Retained earnings	1,228.5		784.9
Accumulated other comprehensive income (loss), net of tax	61.9		(4.1)
Shareholders’ equity attributable to SiriusPoint shareholders	2,469.8		1,937.4
Noncontrolling interests	1.1		1.4
Total shareholders’ equity	2,470.9		1,938.8
Total liabilities, noncontrolling interests and shareholders’ equity	$	12,569.6	$	12,524.9

SIRIUSPOINT LTD.

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)

For the three and twelve months ended December 31, 2025 and 2024

(expressed in millions of U.S. dollars, except per share and share amounts)


	Three months ended				Twelve months ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
Revenues
Net earned premium	$	667.4	$	590.3	$	2,593.8	$	2,343.5
Net investment income	68.9		68.9		274.8		303.6
Net realized and unrealized investment losses	(9.5)		(39.9)		(2.9)		(79.0)

Net investment income and net realized and unrealized investment losses	59.4		29.0		271.9		224.6
Other revenues	246.9		19.4		339.4		184.2
Loss on settlement and change in fair value of liability-classified capital instruments	—		(25.9)		—		(148.5)
Total revenues	973.7		612.8		3,205.1		2,603.8
Expenses
Loss and loss adjustment expenses incurred, net	372.2		369.1		1,519.5		1,368.5
Acquisition costs, net	173.2		134.6		583.6		516.9
Other underwriting expenses	54.9		53.9		187.9		181.7
Net corporate and other expenses	63.0		58.1		257.0		232.1
Intangible asset amortization	2.4		3.0		10.9		11.9
Interest expense	19.5		19.6		79.7		69.6
Foreign exchange (gains) losses	8.3		(12.9)		25.2		(10.0)
Total expenses	693.5		625.4		2,663.8		2,370.7
Income (loss) before income tax expense	280.2		(12.6)		541.3		233.1
Income tax expense	(36.1)		(4.4)		(81.2)		(30.7)
Net income (loss)	244.1		(17.0)		460.1		202.4
Net income attributable to noncontrolling interests	(0.1)		(0.3)		(0.5)		(2.5)
Net income (loss) available to SiriusPoint	244.0		(17.3)		459.6		199.9
Dividends on Series B preference shares	(4.0)		(4.0)		(16.0)		(16.0)
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	(21.3)	$	443.6	$	183.9
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders	$	2.05	$	(0.13)	$	3.80	$	1.06
Diluted earnings (loss) per share available to SiriusPoint common shareholders	$	1.97	$	(0.13)	$	3.64	$	1.04
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic	116,788,646		161,378,360		116,507,940		166,537,394
Diluted	121,838,966		161,378,360		121,648,050		169,470,681

SIRIUSPOINT LTD.

SEGMENT REPORTING


	Three months ended December 31, 2025
	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	556.0		$	340.9		$	896.9		$	—	$	1.4	$	—	$	898.3
Net written premium	377.1			283.8			660.9			—		(5.8)		—		655.1
Net earned premium	395.0			281.6			676.6			—		(9.2)		—		667.4
Loss and loss adjustment expenses incurred, net	230.5			159.0			389.5			(2.2)		(15.1)		—		372.2
Acquisition costs, net	113.1			75.6			188.7			(26.6)		11.1		—		173.2
Other underwriting expenses	24.9			24.9			49.8			—		5.1		—		54.9
Underwriting income (loss)	26.5			22.1			48.6			28.8		(10.3)		—		67.1
Services revenues	45.7			—			45.7			(22.4)		—		(23.3)		—
Services expenses	41.4			—			41.4			—		—		(41.4)		—
Net services fee income	4.3			—			4.3			(22.4)		—		18.1		—
Services noncontrolling income	(0.1)			—			(0.1)			—		—		0.1		—

Net services income	4.2			—			4.2			(22.4)		—		18.2		—
Segment income (loss)	30.7			22.1			52.8			6.4		(10.3)		18.2		67.1
Net investment income												68.9		—		68.9
Net realized and unrealized investment losses												(9.5)		—		(9.5)

Other revenues												223.6		23.3		246.9

Net corporate and other expenses												(21.6)		(41.4)		(63.0)
Intangible asset amortization												(2.4)		—		(2.4)
Interest expense												(19.5)		—		(19.5)
Foreign exchange losses												(8.3)		—		(8.3)
Income before income tax expense	$	30.7		$	22.1		52.8			6.4		220.9		0.1		280.2
Income tax expense							—			—		(36.1)		—		(36.1)
Net income							52.8			6.4		184.8		0.1		244.1
Net income attributable to noncontrolling interest							—			—		—		(0.1)		(0.1)
Net income available to SiriusPoint							$	52.8		$	6.4	$	184.8	$	—	$	244.0

Attritional losses	$	238.4		$	159.1		$	397.5		$	(2.2)	$	(8.1)	$	—	$	387.2
Catastrophe losses	2.5			4.5			7.0			—		—		—		7.0
Prior year loss reserve development	(10.4)			(4.6)			(15.0)			—		(7.0)		—		(22.0)
Loss and loss adjustment expenses incurred, net	$	230.5		$	159.0		$	389.5		$	(2.2)	$	(15.1)	$	—	$	372.2

Underwriting Ratios: (1)
Attritional loss ratio	60.4		%	56.5		%	58.8		%							58.1		%
Catastrophe loss ratio	0.6		%	1.6		%	1.0		%							1.0		%
Prior year loss development ratio	(2.6)		%	(1.6)		%	(2.2)		%							(3.3)		%
Loss ratio	58.4		%	56.5		%	57.6		%							55.8		%
Acquisition cost ratio	28.6		%	26.8		%	27.9		%							26.0		%
Other underwriting expenses ratio	6.3		%	8.8		%	7.4		%							8.2		%
Combined ratio	93.3		%	92.1		%	92.9		%							90.0		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.


	Three months ended December 31, 2024
	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	450.3		$	312.2		$	762.5		$	—	$	(3.0)	$	—	$	759.5
Net written premium	322.7			237.5			560.2			—		4.8		—		565.0
Net earned premium	315.7			265.9			581.6			—		8.7		—		590.3
Loss and loss adjustment expenses incurred, net	175.3			148.3			323.6			(1.4)		46.9		—		369.1
Acquisition costs, net	77.8			73.1			150.9			(27.6)		11.3		—		134.6
Other underwriting expenses	24.6			26.2			50.8			—		3.1		—		53.9
Underwriting income (loss)	38.0			18.3			56.3			29.0		(52.6)		—		32.7
Services revenues	51.6			—			51.6			(31.4)		—		(20.2)		—
Services expenses	41.2			—			41.2			—		—		(41.2)		—



Net services income	10.4			—			10.4			(31.4)		—		21.0		—
Segment income (loss)	48.4			18.3			66.7			(2.4)		(52.6)		21.0		32.7
Net investment income												68.9		—		68.9
Net realized and unrealized investment losses												(39.9)		—		(39.9)

Other revenues												(0.8)		20.2		19.4
Loss on settlement and change in fair value of liability-classified capital instruments												(25.9)		—		(25.9)
Net corporate and other expenses												(16.9)		(41.2)		(58.1)
Intangible asset amortization												(3.0)		—		(3.0)
Interest expense												(19.6)		—		(19.6)
Foreign exchange gains												12.9		—		12.9
Income (loss) before income tax expense	$	48.4		$	18.3		66.7			(2.4)		(76.9)		—		(12.6)
Income tax expense							—			—		(4.4)		—		(4.4)
Net income (loss)							66.7			(2.4)		(81.3)		—		(17.0)
Net income attributable to noncontrolling interest							—			—		(0.3)		—		(0.3)
Net income (loss) available to SiriusPoint							$	66.7		$	(2.4)	$	(81.6)	$	—	$	(17.3)

Attritional losses	$	188.2		$	154.9		$	343.1		$	(1.4)	$	26.1	$	—	$	367.8
Catastrophe losses	3.4			35.2			38.6			—		—		—		38.6
Prior year loss reserve development	(16.3)			(41.8)			(58.1)			—		20.8		—		(37.3)
Loss and loss adjustment expenses incurred, net	$	175.3		$	148.3		$	323.6		$	(1.4)	$	46.9	$	—	$	369.1

Underwriting Ratios: (1)
Attritional loss ratio	59.6		%	58.3		%	59.0		%							62.3		%
Catastrophe loss ratio	1.1		%	13.2		%	6.6		%							6.5		%
Prior year loss development ratio	(5.2)		%	(15.7)		%	(10.0)		%							(6.3)		%
Loss ratio	55.5		%	55.8		%	55.6		%							62.5		%
Acquisition cost ratio	24.6		%	27.5		%	25.9		%							22.8		%
Other underwriting expenses ratio	7.8		%	9.9		%	8.7		%							9.1		%
Combined ratio	87.9		%	93.2		%	90.2		%							94.4		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.


	Twelve months ended December 31, 2025
	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	2,313.5		$	1,375.0		$	3,688.5		$	—	$	17.1	$	—	$	3,705.6
Net written premium	1,650.2			1,127.4			2,777.6			—		(4.8)		—		2,772.8
Net earned premium	1,481.6			1,109.9			2,591.5			—		2.3		—		2,593.8
Loss and loss adjustment expenses incurred, net	874.9			656.2			1,531.1			(7.2)		(4.4)		—		1,519.5
Acquisition costs, net	396.6			277.9			674.5			(109.7)		18.8		—		583.6
Other underwriting expenses	86.3			85.3			171.6			—		16.3		—		187.9
Underwriting income (loss)	123.8			90.5			214.3			116.9		(28.4)		—		302.8
Services revenues	224.4			—			224.4			(117.0)		—		(107.4)		—
Services expenses	182.6			—			182.6			—		—		(182.6)		—
Net services fee income	41.8			—			41.8			(117.0)		—		75.2		—
Services noncontrolling loss	0.1			—			0.1			—		—		(0.1)		—

Net services income	41.9			—			41.9			(117.0)		—		75.1		—
Segment income (loss)	165.7			90.5			256.2			(0.1)		(28.4)		75.1		302.8
Net investment income												274.8		—		274.8
Net realized and unrealized investment losses												(2.9)		—		(2.9)

Other revenues												232.0		107.4		339.4

Net corporate and other expenses												(74.4)		(182.6)		(257.0)
Intangible asset amortization												(10.9)		—		(10.9)
Interest expense												(79.7)		—		(79.7)
Foreign exchange losses												(25.2)		—		(25.2)
Income before income tax expense	$	165.7		$	90.5		256.2			(0.1)		285.3		(0.1)		541.3
Income tax expense							—			—		(81.2)		—		(81.2)
Net income							256.2			(0.1)		204.1		(0.1)		460.1
Net income attributable to noncontrolling interest							—			—		(0.6)		0.1		(0.5)
Net income available to SiriusPoint							$	256.2		$	(0.1)	$	203.5	$	—	$	459.6

Attritional losses	$	899.7		$	629.2		$	1,528.9		$	(7.2)	$	(2.8)	$	—	$	1,518.9
Catastrophe losses	7.3			67.1			74.4			—		—		—		74.4
Prior year loss reserve development	(32.1)			(40.1)			(72.2)			—		(1.6)		—		(73.8)
Loss and loss adjustment expenses incurred, net	$	874.9		$	656.2		$	1,531.1		$	(7.2)	$	(4.4)	$	—	$	1,519.5

Underwriting Ratios: (1)
Attritional loss ratio	60.8		%	56.7		%	59.0		%							58.5		%
Catastrophe loss ratio	0.5		%	6.0		%	2.9		%							2.9		%
Prior year loss development ratio	(2.2)		%	(3.6)		%	(2.8)		%							(2.8)		%
Loss ratio	59.1		%	59.1		%	59.1		%							58.6		%
Acquisition cost ratio	26.8		%	25.0		%	26.0		%							22.5		%
Other underwriting expenses ratio	5.8		%	7.7		%	6.6		%							7.2		%
Combined ratio	91.7		%	91.8		%	91.7		%							88.3		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.


	Twelve months ended December 31, 2024
	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	1,840.8		$	1,335.6		$	3,176.4		$	—	$	68.2	$	—	$	3,244.6
Net written premium	1,236.2			1,104.7			2,340.9			—		11.2		—		2,352.1
Net earned premium	1,154.0			1,045.1			2,199.1			—		144.4		—		2,343.5
Loss and loss adjustment expenses incurred, net	714.1			554.3			1,268.4			(5.5)		105.6		—		1,368.5
Acquisition costs, net	284.7			279.9			564.6			(121.4)		73.7		—		516.9
Other underwriting expenses	80.0			86.1			166.1			—		15.6		—		181.7
Underwriting income (loss)	75.2			124.8			200.0			126.9		(50.5)		—		276.4
Services revenues	222.9			—			222.9			(132.8)		—		(90.1)		—
Services expenses	176.2			—			176.2			—		—		(176.2)		—
Net services fee income	46.7			—			46.7			(132.8)		—		86.1		—
Services noncontrolling income	(2.1)			—			(2.1)			—		—		2.1		—

Net services income	44.6			—			44.6			(132.8)		—		88.2		—
Segment income (loss)	119.8			124.8			244.6			(5.9)		(50.5)		88.2		276.4
Net investment income												303.6		—		303.6
Net realized and unrealized investment losses												(79.0)		—		(79.0)

Other revenues												94.1		90.1		184.2
Loss on settlement and change in fair value of liability-classified capital instruments												(148.5)		—		(148.5)
Net corporate and other expenses												(55.9)		(176.2)		(232.1)
Intangible asset amortization												(11.9)		—		(11.9)
Interest expense												(69.6)		—		(69.6)
Foreign exchange gains												10.0		—		10.0
Income (loss) before income tax expense	$	119.8		$	124.8		244.6			(5.9)		(7.7)		2.1		233.1
Income tax expense							—			—		(30.7)		—		(30.7)
Net income (loss)							244.6			(5.9)		(38.4)		2.1		202.4
Net income attributable to noncontrolling interest							—			—		(0.4)		(2.1)		(2.5)
Net income (loss) available to SiriusPoint							$	244.6		$	(5.9)	$	(38.8)	$	—	$	199.9

Attritional losses	$	734.5		$	579.8		$	1,314.3		$	(5.5)	$	112.8	$	—	$	1,421.6
Catastrophe losses	5.3			49.5			54.8			—		—		—		54.8
Prior year loss reserve development	(25.7)			(75.0)			(100.7)			—		(7.2)		—		(107.9)
Loss and loss adjustment expenses incurred, net	$	714.1		$	554.3		$	1,268.4		$	(5.5)	$	105.6	$	—	$	1,368.5

Underwriting Ratios: (1)
Attritional loss ratio	63.6		%	55.5		%	59.8		%							60.7		%
Catastrophe loss ratio	0.5		%	4.7		%	2.5		%							2.3		%
Prior year loss development ratio	(2.2)		%	(7.2)		%	(4.6)		%							(4.6)		%
Loss ratio	61.9		%	53.0		%	57.7		%							58.4		%
Acquisition cost ratio	24.7		%	26.8		%	25.7		%							22.1		%
Other underwriting expenses ratio	6.9		%	8.2		%	7.6		%							7.8		%
Combined ratio	93.5		%	88.0		%	91.0		%							88.3		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

SIRIUSPOINT LTD.

NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS & OTHER FINANCIAL MEASURES

Non-GAAP Financial Measures

Core Results

Collectively, the sum of the Company's two segments, Insurance & Services and Reinsurance, constitute "Core" results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

Core underwriting income - calculated by subtracting loss and loss adjustment expenses incurred, net, acquisition costs, net, and other underwriting expenses from net premiums earned.

Core net services income - consists of services revenues which include commissions, brokerage and fee income related to consolidated MGAs, and other revenues, as well as services expenses which include direct expenses related to consolidated MGAs and services noncontrolling income which represent minority ownership interests in consolidated MGAs. Net services income is a key indicator of the profitability of the Company's services provided.

Core income - consists of two components, core underwriting income and core net services income. Core income is a key measure of our segment performance.

Core combined ratio - calculated by dividing the sum of Core loss and loss adjustment expenses incurred, net, acquisition costs, net and other underwriting expenses by Core net premiums earned. Accident year loss ratio and accident year combined ratio are calculated by excluding prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the Core loss ratio and Core combined ratio, respectively. Attritional loss ratio excludes catastrophe losses from the accident year loss ratio as they are not predictable as to timing and amount. These ratios are useful indicators of our underwriting profitability.

Book Value Per Diluted Common Share Metrics

Book value per diluted common share excluding AOCI and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per diluted common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets.

The following table sets forth the computation of book value per common share, book value per diluted common share, book value per diluted common share excluding AOCI, and tangible book value per diluted common share as of December 31, 2025 and December 31, 2024:


	December 31, 2025		December 31, 2024
	($ in millions, except share and per share amounts)


Common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,269.8	$	1,737.4

Accumulated other comprehensive income (loss), net of tax	61.9		(4.1)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI	2,207.9		1,741.5

Intangible assets	121.2		140.8
Tangible common shareholders' equity attributable to SiriusPoint common shareholders	$	2,148.6	$	1,596.6

Common shares outstanding	116,989,799		116,429,057
Effect of dilutive stock options, restricted share units and warrants	4,983,345		2,559,359
Book value per diluted common share denominator	121,973,144		118,988,416



Book value per common share	$	19.40	$	14.92
Book value per diluted common share	$	18.61	$	14.60
Book value per diluted common share ex. AOCI	$	18.10	$	14.64
Tangible book value per diluted common share	$	17.62	$	13.42

Operating Net Income, Operating Earnings per Share, and Operating Return on Average Common Shareholders’ Equity

Operating net income and Operating earnings per share are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is net income and diluted earnings per share, respectively. Operating net income excludes items which we believe are not indicative of the operations of our operating businesses, including realized and unrealized gains (losses) on strategic and other investments and liability-classified capital instruments, non-recurring costs associated with acquisitions or sales of subsidiaries, income (expense) related to loss portfolio transfers, deferred tax assets attributable to the enactment of the Bermuda corporate income tax, development on COVID-19 reserves resulting from the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024, and foreign exchange gains (losses). We believe it is useful to review Operating net income as it better reflects how we view the business, as well as provides investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Operating ROE is calculated by dividing annualized Operating net income for the period by average common shareholders’ equity, excluding AOCI, and after adjusting for the above noted items to arrive at Operating net income. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates.

The following table sets forth the computation of Operating net income and Operating earnings per share for the three and twelve months ended December 31, 2025 and 2024:


	Three months ended				Twelve months ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
	($ in millions, except share and per share amounts)
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	(21.3)	$	443.6	$	183.9
Adjustments:
Gain on sale or deconsolidation of consolidated MGAs	(222.4)		—		(222.4)		(96.0)
Losses on strategic and other investments	6.0		34.3		5.4		90.5
MGA & Strategic Investment Rationalization	(216.4)		34.3		(217.0)		(5.5)
Loss on settlement of liability classified financial instruments and deal costs	—		6.7		—		97.4
Change in fair value of liability classified financial instruments	—		19.2		—		51.1
CMIG Instruments & Transactions	—		25.9		—		148.5
Expense related to loss portfolio transfers	7.2		28.9		27.4		44.6
Bermuda corporate income tax enactment	(13.0)		—		(13.0)		—
Foreign exchange (gains) losses	8.3		(12.9)		25.2		(10.0)
COVID-19 favorable reserve development	—		—		—		(19.9)
Other non-recurring items	6.5		—		(4.5)		—
Income tax expense on adjustments (1)	53.2		(11.4)		48.3		(38.1)
Operating net income	$	85.8	$	43.5	$	310.0	$	303.5
Weighted average number of diluted common shares used in the determination of earnings per share	121,838,966		161,378,360		121,648,050		169,470,681
Operating diluted earnings per share prior to participating shareholder adjustments	$	0.70	$	0.27	$	2.55	$	1.79
Effect of above and net income allocated to participating shareholders	—		—		—		(0.08)
Operating diluted earnings per share	$	0.70	$	0.27	$	2.55	$	1.71

(1) For the three and twelve months ended December 31, 2025 and 2024, an effective tax rate of 19% and 15%, respectively, is applied to the adjustments to calculate the income tax expense, where applicable. Periods may have a different effective tax rate based on the jurisdiction of specific transactions.

The following table sets forth the computation of Operating Return on Average Common Shareholders’ Equity for the three and twelve months ended December 31, 2025 and 2024:


	Three months ended						Twelve months ended
	December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
	($ in millions, except for ratios)
Operating net income	$	85.8		$	43.5		$	310.0		$	303.5
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period	2,009.9			2,494.9			1,737.4			2,313.9
Accumulated other comprehensive income (loss), net of tax - beginning of period	52.3			81.5			(4.1)			3.1
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI - beginning of period	1,957.6			2,413.4			1,741.5			2,310.8
Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period	2,269.8			1,737.4			2,269.8			1,737.4
Adjustments to Net income to arrive at Operating net income	(154.2)			64.8			(133.6)			119.6
Accumulated other comprehensive income (loss), net of tax - end of period	61.9			(4.1)			61.9			(4.1)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI - end of period	2,053.7			1,806.3			2,074.3			1,861.1
Average common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI	$	2,005.7		$	2,109.9		$	1,907.9		$	2,086.0
Annualized Operating ROE	17.1		%	8.2		%	16.2		%	14.6		%

Other Financial Measures

Annualized Return on Average Common Shareholders’ Equity Attributable to SiriusPoint Common Shareholders

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders is calculated by dividing annualized net income (loss) available to SiriusPoint common shareholders for the period by the average common shareholders’ equity determined using the common shareholders’ equity balances at the beginning and end of the period.

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders for the three and twelve months ended December 31, 2025 and 2024 was calculated as follows:


	Three months ended						Twelve months ended
	December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
	($ in millions, except for ratios)
Net income (loss) available to SiriusPoint common shareholders	$	240.0		$	(21.3)		$	443.6		$	183.9
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period	2,009.9			2,494.9			1,737.4			2,313.9


Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period	2,269.8			1,737.4			2,269.8			1,737.4
Average common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,139.9		$	2,116.2		$	2,003.6		$	2,025.7

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders	44.9		%	(4.0)		%	22.1		%	9.1		%

SiriusPoint Ltd.

Financial Supplement

December 31, 2025

(UNAUDITED)

This financial supplement is for informational purposes only. It should be read in conjunction with documents filed with the Securities and Exchange Commission by SiriusPoint Ltd., including the Company’s Annual Report on Form 10-K.


Point Building						Liam Blackledge - Investor Relations and Strategy Manager
3 Waterloo Lane						Tel: + 44 203 772 3082
Pembroke HM 08						Email: investor.relations@siriuspt.com
Bermuda						Website: www.siriuspt.com

SiriusPoint Ltd.

Basis of Presentation and Non-GAAP Financial Measures:

Unless the context otherwise indicates or requires, as used in this financial supplement references to “we,” “our,” “us,” the “Company,” and "SiriusPoint" refer to SiriusPoint Ltd. and its directly and indirectly owned subsidiaries, as a combined entity, except where otherwise stated or where it is clear that the terms mean only SiriusPoint Ltd. exclusive of its subsidiaries. We have made rounding adjustments to reach some of the figures included in this financial supplement and, unless otherwise indicated, percentages presented in this financial supplement are approximate.

In presenting SiriusPoint’s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). SiriusPoint’s management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of SiriusPoint’s financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. Core underwriting income, Core net services income, Core income, Core combined ratio, accident year loss ratio, accident year combined ratio, attritional loss ratio and attritional combined ratio are non-GAAP financial measures. Management believes it is useful to review Core results as it better reflects how management views the business and reflects the Company’s decision to exit the runoff business. Book value per diluted common share excluding accumulated other comprehensive income (loss) ("AOCI") and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per diluted common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Management believes the effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Operating net income and Operating earnings per share are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is net income and diluted earnings per share, respectively. Operating net income excludes items which we believe are not indicative of the operations of our operating businesses, including realized and unrealized gains (losses) on strategic and other investments and liability-classified capital instruments, non-recurring costs associated with acquisitions or sales of subsidiaries, income (expense) related to loss portfolio transfers, deferred tax assets attributable to the enactment of the Bermuda corporate income tax, development on COVID-19 reserves resulting from the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024, and foreign exchange gains (losses). We believe it is useful to review Operating net income as it better reflects how we view the business, as well as provides investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Operating ROE is calculated by dividing annualized Operating net income for the period by average common shareholders’ equity, excluding AOCI, and after adjusting for the above noted items to arrive at Operating net income. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates.Reconciliations and definitions of such measures to the most directly comparable GAAP figures are included in the attached financial information in accordance with Regulation G and Item 10(e) of Regulation S-K, as applicable.

Safe Harbor Statement Regarding Forward-Looking Statements:

This financial supplement includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this financial supplement is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this financial supplement. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. Actual events, results and outcomes may differ materially from the Company’s expectations due to a variety of known and unknown risks, uncertainties and other factors. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: These risks and uncertainties include, but are not limited to, the "Risk Factors" described in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission.

Page 2 of 23

SiriusPoint Ltd.

Table of Contents



Key Performance Indicators
Key Financial Metrics						4

Consolidated Financial Statements
Consolidated Balance Sheets - by Quarter						5
Consolidated Statements of Income (Loss)						6
Consolidated Statements of Income (Loss) - by Quarter						7
Consolidated Statements of Comprehensive Income (Loss) - by Quarter						8

Operating Segment Information
Segment Reporting - Three months ended December 31, 2025						9
Segment Reporting - Three months ended December 31, 2024						10
Segment Reporting - Year ended December 31, 2025						11
Segment Reporting - Year ended December 31, 2024						12


Consolidated Results - by Quarter						13
Core Results - by Quarter						14
Insurance & Services Segment - by Quarter						15
Reinsurance Segment - by Quarter						16

Investments
Investments - by Quarter						17


Other

Earnings (Loss) per Share - by Quarter						18
Annualized Return on Average Common Shareholders’ Equity - by Quarter						19
Book Value per Share - by Quarter						20
Net Corporate and Other Expenses - by Quarter						21
Operating Net Income and Operating Earnings per Share						22

Operating Return on Average Common Shareholders’ Equity						23

Page 3 of 23

SiriusPoint Ltd.

Key Financial Metrics

December 31, 2025 and 2024

(expressed in millions of U.S. dollars, except per share data and ratios)


	Three months ended						Twelve months ended
	December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
	($ in millions, except for ratios and per share amounts)
Combined ratio	90.0		%	94.4		%	88.3		%	88.3		%
Core combined ratio (1)	92.9		%	90.2		%	91.7		%	91.0		%
Core underwriting income (1)	$	48.6		$	56.3		$	214.3		$	200.0
Core net services income (1)	$	4.2		$	10.4		$	41.9		$	44.6
Operating net income (1)	$	85.8		$	43.5		$	310.0		$	303.5
Operating earnings per share (1)	$	0.70		$	0.27		$	2.55		$	1.71
Annualized ROE	44.9		%	(4.0)		%	22.1		%	9.1		%
Annualized Operating ROE (1)	17.1		%	8.2		%	16.2		%	14.6		%


	December 31, 2025		December 31, 2024
Book value per common share	$	19.40	$	14.92
Book value per diluted common share	$	18.61	$	14.60
Book value per diluted common share ex. AOCI (1)	$	18.10	$	14.64
Tangible book value per diluted common share (1)	$	17.62	$	13.42

(1)Core combined ratio, Core underwriting income, and Core net services income are non-GAAP financial measures. See reconciliations in “Segment Reporting.” Operating net income, Operating earnings per share, and Operating ROE are non-GAAP financial measures. See reconciliations in “Operating net income and Operating earnings per share" and "Operating ROE." Book value per diluted common share ex. AOCI and tangible book value per diluted common share are non-GAAP financial measures. See reconciliation in “Book Value per Share - by Quarter.”

Page 4 of 23

SiriusPoint Ltd.

Consolidated Balance Sheets - by Quarter

(expressed in millions of U.S. dollars)


	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024
Assets
Debt securities, available for sale, at fair value, net of allowance for credit losses	$	5,168.6	$	5,145.6	$	4,735.9	$	4,635.2	$	5,131.0
Debt securities, trading, at fair value	90.3		98.7		102.9		117.6		162.2
Short-term investments, at fair value	28.3		24.6		54.9		48.2		95.8

Other long-term investments, at fair value	315.1		318.3		320.1		317.7		316.5

Total investments	5,602.3		5,587.2		5,213.8		5,118.7		5,705.5
Cash and cash equivalents	731.2		582.4		732.4		740.3		682.0
Restricted cash and cash equivalents	171.2		135.3		190.8		184.9		212.6


Due from brokers	7.5		10.0		8.2		18.8		11.2
Interest and dividends receivable	47.1		43.9		42.5		42.1		44.0
Insurance and reinsurance balances receivable, net	2,260.3		2,291.4		2,290.1		2,240.8		2,054.4
Deferred acquisition costs, net	384.1		381.1		379.5		369.3		327.5
Unearned premiums ceded	487.4		487.1		484.0		514.3		463.9
Loss and loss adjustment expenses recoverable, net	2,102.3		2,162.9		2,263.9		2,335.7		2,315.3
Deferred tax asset	267.7		282.2		297.1		293.3		297.0
Intangible assets	121.2		123.6		135.1		137.9		140.8
Other assets	272.1		330.0		318.3		284.4		270.7
Assets held for sale	115.2		43.1		—		—		—
Total assets	$	12,569.6	$	12,460.2	$	12,355.7	$	12,280.5	$	12,524.9
Liabilities
Loss and loss adjustment expense reserves	$	5,782.5	$	5,811.7	$	5,817.4	$	5,762.6	$	5,653.9
Unearned premium reserves	1,855.4		1,867.9		1,854.0		1,816.8		1,639.2
Reinsurance balances payable	1,447.6		1,492.1		1,539.9		1,707.5		1,781.6
Deferred gain on retroactive reinsurance	—		—		—		6.6		8.5
Debt	688.6		682.5		678.4		663.5		639.1


Due to brokers	5.5		27.5		9.0		6.6		18.0
Deferred tax liability	73.0		78.5		89.6		94.2		76.2

Share repurchase liability	—		—		—		—		483.0
Liabilities held for sale	—		25.8		—		—		—
Other liabilities	246.1		263.2		260.6		196.0		286.6
Total liabilities	10,098.7		10,249.2		10,248.9		10,253.8		10,586.1
Commitments and contingent liabilities

Shareholders’ equity

Series B preference shares	200.0		200.0		200.0		200.0		200.0
Common shares	11.7		11.7		11.7		11.6		11.6
Additional paid-in capital	967.7		957.4		945.8		944.7		945.0
Retained earnings	1,228.5		988.5		901.7		842.5		784.9
Accumulated other comprehensive income (loss), net of tax	61.9		52.3		46.5		26.4		(4.1)
Shareholders’ equity attributable to SiriusPoint shareholders	2,469.8		2,209.9		2,105.7		2,025.2		1,937.4
Noncontrolling interests	1.1		1.1		1.1		1.5		1.4
Total shareholders’ equity	2,470.9		2,211.0		2,106.8		2,026.7		1,938.8
Total liabilities, noncontrolling interests and shareholders’ equity	$	12,569.6	$	12,460.2	$	12,355.7	$	12,280.5	$	12,524.9

Page 5 of 23

SiriusPoint Ltd.

Consolidated Statements of Income (Loss)

(expressed in millions of U.S. dollars, except share and per share data)


	Three months ended				Twelve months ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
Revenues
Net earned premium	$	667.4	$	590.3	$	2,593.8	$	2,343.5
Net investment income	68.9		68.9		274.8		303.6
Net realized and unrealized investment losses	(9.5)		(39.9)		(2.9)		(79.0)

Net investment income net realized and unrealized investment losses	59.4		29.0		271.9		224.6
Other revenues	246.9		19.4		339.4		184.2
Loss on settlement and change in fair value of liability-classified capital instruments	—		(25.9)		—		(148.5)
Total revenues	973.7		612.8		3,205.1		2,603.8
Expenses
Loss and loss adjustment expenses incurred, net	372.2		369.1		1,519.5		1,368.5
Acquisition costs, net	173.2		134.6		583.6		516.9
Other underwriting expenses	54.9		53.9		187.9		181.7
Net corporate and other expenses	63.0		58.1		257.0		232.1
Intangible asset amortization	2.4		3.0		10.9		11.9
Interest expense	19.5		19.6		79.7		69.6
Foreign exchange (gains) losses	8.3		(12.9)		25.2		(10.0)
Total expenses	693.5		625.4		2,663.8		2,370.7
Income (loss) before income tax expense	280.2		(12.6)		541.3		233.1
Income tax expense	(36.1)		(4.4)		(81.2)		(30.7)
Net income (loss)	244.1		(17.0)		460.1		202.4
Net income attributable to noncontrolling interests	(0.1)		(0.3)		(0.5)		(2.5)
Net income (loss) available to SiriusPoint	244.0		(17.3)		459.6		199.9
Dividends on Series B preference shares	(4.0)		(4.0)		(16.0)		(16.0)
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	(21.3)	$	443.6	$	183.9
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾	$	2.05	$	(0.13)	$	3.80	$	1.06
Diluted earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾	$	1.97	$	(0.13)	$	3.64	$	1.04
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic	116,788,646		161,378,360		116,507,940		166,537,394
Diluted	121,838,966		161,378,360		121,648,050		169,470,681

(1) Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. The Company treats certain of its unvested restricted shares as participating securities. The weighted average number of common shares excludes any dilutive effect of outstanding warrants, options or restricted share awards and units. Diluted earnings per share is based on the weighted average number of common shares outstanding and includes any dilutive effects of warrants, options, restricted share awards and units, and is determined using the treasury stock method. In the event of a net loss, all participating securities, outstanding warrants, options and restricted shares and units are excluded from both basic and diluted loss per share since their inclusion would be anti-dilutive.

Page 6 of 23

SiriusPoint Ltd.

Consolidated Statements of Income (Loss) - by Quarter

(expressed in millions of U.S. dollars, except share and per share data)


	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024
Revenues
Net earned premium	$	667.4	$	647.7	$	652.0	$	626.7	$	590.3
Net investment income	68.9		66.5		68.2		71.2		68.9
Net realized and unrealized investment gains (losses)	(9.5)		6.2		0.7		(0.3)		(39.9)

Net investment income and net realized and unrealized investment gains (losses)	59.4		72.7		68.9		70.9		29.0
Other revenues	246.9		35.5		27.3		29.7		19.4
Loss on settlement and change in fair value of liability-classified capital instruments	—		—		—		—		(25.9)
Total revenues	973.7		755.9		748.2		727.3		612.8
Expenses
Loss and loss adjustment expenses incurred, net	372.2		372.9		372.6		401.8		369.1
Acquisition costs, net	173.2		139.8		140.9		129.7		134.6
Other underwriting expenses	54.9		43.6		48.3		41.1		53.9
Net corporate and other expenses	63.0		62.5		70.9		60.6		58.1
Intangible asset amortization	2.4		2.8		2.8		2.9		3.0
Interest expense	19.5		21.0		21.1		18.1		19.6
Foreign exchange (gains) losses	8.3		2.4		16.7		(2.2)		(12.9)
Total expenses	693.5		645.0		673.3		652.0		625.4
Income (loss) before income tax expense	280.2		110.9		74.9		75.3		(12.6)
Income tax expense	(36.1)		(20.2)		(11.6)		(13.3)		(4.4)
Net income (loss)	244.1		90.7		63.3		62.0		(17.0)
Net (income) loss attributable to noncontrolling interests	(0.1)		0.1		(0.1)		(0.4)		(0.3)
Net income (loss) available to SiriusPoint	244.0		90.8		63.2		61.6		(17.3)
Dividends on Series B preference shares	(4.0)		(4.0)		(4.0)		(4.0)		(4.0)
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	86.8	$	59.2	$	57.6	$	(21.3)
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾	$	2.05	$	0.74	$	0.51	$	0.50	$	(0.13)
Diluted earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾	$	1.97	$	0.73	$	0.50	$	0.49	$	(0.13)
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic	116,788,646		116,726,540		116,523,435		115,975,961		161,378,360
Diluted	121,838,966		118,817,903		118,669,471		118,555,166		161,378,360

Page 7 of 23

SiriusPoint Ltd.

Consolidated Statements of Comprehensive Income (Loss) - by Quarter

(expressed in millions of U.S. dollars)


	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024
Comprehensive income (loss)
Net income (loss)	$	244.1	$	90.7	$	63.3	$	62.0	$	(17.0)
Other comprehensive income (loss), net of tax
Change in foreign currency translation adjustments	2.2		(3.3)		3.4		(0.2)		2.6
Unrealized gains (losses) from debt securities held as available for sale investments	6.1		2.2		19.1		32.7		(89.1)
Reclassifications from accumulated other comprehensive income (loss)	1.3		6.9		(2.4)		(2.0)		0.9
Total other comprehensive income (loss)	9.6		5.8		20.1		30.5		(85.6)
Comprehensive income (loss)	253.7		96.5		83.4		92.5		(102.6)
Net (income) loss attributable to noncontrolling interests	(0.1)		0.1		(0.1)		(0.4)		(0.3)
Comprehensive income (loss) available to SiriusPoint	$	253.6	$	96.6	$	83.3	$	92.1	$	(102.9)

Page 8 of 23

SiriusPoint Ltd.

Segment Reporting - Three months ended December 31, 2025

(expressed in millions of U.S. dollars, except ratios)



	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	556.0		$	340.9		$	896.9		$	—	$	1.4	$	—	$	898.3
Net written premium	377.1			283.8			660.9			—		(5.8)		—		655.1
Net earned premium	395.0			281.6			676.6			—		(9.2)		—		667.4
Loss and loss adjustment expenses incurred, net	230.5			159.0			389.5			(2.2)		(15.1)		—		372.2
Acquisition costs, net	113.1			75.6			188.7			(26.6)		11.1		—		173.2
Other underwriting expenses	24.9			24.9			49.8			—		5.1		—		54.9
Underwriting income (loss)	26.5			22.1			48.6			28.8		(10.3)		—		67.1
Services revenues	45.7			—			45.7			(22.4)		—		(23.3)		—
Services expenses	41.4			—			41.4			—		—		(41.4)		—
Net services fee income	4.3			—			4.3			(22.4)		—		18.1		—
Services noncontrolling income	(0.1)			—			(0.1)			—		—		0.1		—
Net services income	4.2			—			4.2			(22.4)		—		18.2		—
Segment income (loss)	30.7			22.1			52.8			6.4		(10.3)		18.2		67.1
Net investment income												68.9		—		68.9
Net realized and unrealized investment losses												(9.5)		—		(9.5)

Other revenues												223.6		23.3		246.9

Net corporate and other expenses												(21.6)		(41.4)		(63.0)
Intangible asset amortization												(2.4)		—		(2.4)
Interest expense												(19.5)		—		(19.5)
Foreign exchange losses												(8.3)		—		(8.3)
Income before income tax expense	$	30.7		$	22.1		52.8			6.4		220.9		0.1		280.2
Income tax expense							—			—		(36.1)		—		(36.1)
Net income							52.8			6.4		184.8		0.1		244.1
Net income attributable to noncontrolling interest							—			—		—		(0.1)		(0.1)
Net income available to SiriusPoint							$	52.8		$	6.4	$	184.8	$	—	$	244.0

Attritional losses	$	238.4		$	159.1		$	397.5		$	(2.2)	$	(8.1)	$	—	$	387.2
Catastrophe losses	2.5			4.5			7.0			—		—		—		7.0
Prior year loss reserve development	(10.4)			(4.6)			(15.0)			—		(7.0)		—		(22.0)
Loss and loss adjustment expenses incurred, net	$	230.5		$	159.0		$	389.5		$	(2.2)	$	(15.1)	$	—	$	372.2

Underwriting Ratios: (1)
Attritional loss ratio	60.4		%	56.5		%	58.8		%							58.1		%
Catastrophe loss ratio	0.6		%	1.6		%	1.0		%							1.0		%
Prior year loss development ratio	(2.6)		%	(1.6)		%	(2.2)		%							(3.3)		%
Loss ratio	58.4		%	56.5		%	57.6		%							55.8		%
Acquisition cost ratio	28.6		%	26.8		%	27.9		%							26.0		%
Other underwriting expenses ratio	6.3		%	8.8		%	7.4		%							8.2		%
Combined ratio	93.3		%	92.1		%	92.9		%							90.0		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

Page 9 of 23

SiriusPoint Ltd.

Segment Reporting - Three months ended December 31, 2024

(expressed in millions of U.S. dollars, except ratios)



	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	450.3		$	312.2		$	762.5		$	—	$	(3.0)	$	—	$	759.5
Net written premium	322.7			237.5			560.2			—		4.8		—		565.0
Net earned premium	315.7			265.9			581.6			—		8.7		—		590.3
Loss and loss adjustment expenses incurred, net	175.3			148.3			323.6			(1.4)		46.9		—		369.1
Acquisition costs, net	77.8			73.1			150.9			(27.6)		11.3		—		134.6
Other underwriting expenses	24.6			26.2			50.8			—		3.1		—		53.9
Underwriting income (loss)	38.0			18.3			56.3			29.0		(52.6)		—		32.7
Services revenues	51.6			—			51.6			(31.4)		—		(20.2)		—
Services expenses	41.2			—			41.2			—		—		(41.2)		—



Net services income	10.4			—			10.4			(31.4)		—		21.0		—
Segment income (loss)	48.4			18.3			66.7			(2.4)		(52.6)		21.0		32.7
Net investment income												68.9		—		68.9
Net realized and unrealized investment losses												(39.9)		—		(39.9)

Other revenues												(0.8)		20.2		19.4
Loss on settlement and change in fair value of liability classified instruments												(25.9)		—		(25.9)
Net corporate and other expenses												(16.9)		(41.2)		(58.1)
Intangible asset amortization												(3.0)		—		(3.0)
Interest expense												(19.6)		—		(19.6)
Foreign exchange gains												12.9		—		12.9
Income (loss) before income tax expense	$	48.4		$	18.3		66.7			(2.4)		(76.9)		—		(12.6)
Income tax expense							—			—		(4.4)		—		(4.4)
Net income (loss)							66.7			(2.4)		(81.3)		—		(17.0)
Net income attributable to noncontrolling interest							—			—		(0.3)		—		(0.3)
Net income (loss) available to SiriusPoint							$	66.7		$	(2.4)	$	(81.6)	$	—	$	(17.3)

Attritional losses	$	188.2		$	154.9		$	343.1		$	(1.4)	$	26.1	$	—	$	367.8
Catastrophe losses	3.4			35.2			38.6			—		—		—		38.6
Prior year loss reserve development	(16.3)			(41.8)			(58.1)			—		20.8		—		(37.3)
Loss and loss adjustment expenses incurred, net	$	175.3		$	148.3		$	323.6		$	(1.4)	$	46.9	$	—	$	369.1

Underwriting Ratios: (1)
Attritional loss ratio	59.6		%	58.3		%	59.0		%							62.3		%
Catastrophe loss ratio	1.1		%	13.2		%	6.6		%							6.5		%
Prior year loss development ratio	(5.2)		%	(15.7)		%	(10.0)		%							(6.3)		%
Loss ratio	55.5		%	55.8		%	55.6		%							62.5		%
Acquisition cost ratio	24.6		%	27.5		%	25.9		%							22.8		%
Other underwriting expenses ratio	7.8		%	9.9		%	8.7		%							9.1		%
Combined ratio	87.9		%	93.2		%	90.2		%							94.4		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

Page 10 of 23

SiriusPoint Ltd.

Segment Reporting - Year ended December 31, 2025

(expressed in millions of U.S. dollars, except ratios)



	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	2,313.5		$	1,375.0		$	3,688.5		$	—	$	17.1	$	—	$	3,705.6
Net written premium	1,650.2			1,127.4			2,777.6			—		(4.8)		—		2,772.8
Net earned premium	1,481.6			1,109.9			2,591.5			—		2.3		—		2,593.8
Loss and loss adjustment expenses incurred, net	874.9			656.2			1,531.1			(7.2)		(4.4)		—		1,519.5
Acquisition costs, net	396.6			277.9			674.5			(109.7)		18.8		—		583.6
Other underwriting expenses	86.3			85.3			171.6			—		16.3		—		187.9
Underwriting income (loss)	123.8			90.5			214.3			116.9		(28.4)		—		302.8
Services revenues	224.4			—			224.4			(117.0)		—		(107.4)		—
Services expenses	182.6			—			182.6			—		—		(182.6)		—
Net services fee income	41.8			—			41.8			(117.0)		—		75.2		—
Services noncontrolling loss	0.1			—			0.1			—		—		(0.1)		—

Net services income	41.9			—			41.9			(117.0)		—		75.1		—
Segment income (loss)	165.7			90.5			256.2			(0.1)		(28.4)		75.1		302.8
Net investment income												274.8		—		274.8
Net realized and unrealized investment losses												(2.9)		—		(2.9)

Other revenues												232.0		107.4		339.4

Net corporate and other expenses												(74.4)		(182.6)		(257.0)
Intangible asset amortization												(10.9)		—		(10.9)
Interest expense												(79.7)		—		(79.7)
Foreign exchange losses												(25.2)		—		(25.2)
Income before income tax expense	$	165.7		$	90.5		256.2			(0.1)		285.3		(0.1)		541.3
Income tax expense							—			—		(81.2)		—		(81.2)
Net income							256.2			(0.1)		204.1		(0.1)		460.1
Net income attributable to noncontrolling interests							—			—		(0.6)		0.1		(0.5)
Net income available to SiriusPoint							$	256.2		$	(0.1)	$	203.5	$	—	$	459.6

Attritional losses	$	899.7		$	629.2		$	1,528.9		$	(7.2)	$	(2.8)	$	—	$	1,518.9
Catastrophe losses	7.3			67.1			74.4			—		—		—		74.4
Prior year loss reserve development	(32.1)			(40.1)			(72.2)			—		(1.6)		—		(73.8)
Loss and loss adjustment expenses incurred, net	$	874.9		$	656.2		$	1,531.1		$	(7.2)	$	(4.4)	$	—	$	1,519.5

Underwriting Ratios: (1)
Attritional loss ratio	60.8		%	56.7		%	59.0		%							58.5		%
Catastrophe loss ratio	0.5		%	6.0		%	2.9		%							2.9		%
Prior year loss development ratio	(2.2)		%	(3.6)		%	(2.8)		%							(2.8)		%
Loss ratio	59.1		%	59.1		%	59.1		%							58.6		%
Acquisition cost ratio	26.8		%	25.0		%	26.0		%							22.5		%
Other underwriting expenses ratio	5.8		%	7.7		%	6.6		%							7.2		%
Combined ratio	91.7		%	91.8		%	91.7		%							88.3		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

Page 11 of 23

SiriusPoint Ltd.

Segment Reporting - Year ended December 31, 2024

(expressed in millions of U.S. dollars, except ratios)



	Insurance & Services			Reinsurance			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross written premium	$	1,840.8		$	1,335.6		$	3,176.4		$	—	$	68.2	$	—	$	3,244.6
Net written premium	1,236.2			1,104.7			2,340.9			—		11.2		—		2,352.1
Net earned premium	1,154.0			1,045.1			2,199.1			—		144.4		—		2,343.5
Loss and loss adjustment expenses incurred, net	714.1			554.3			1,268.4			(5.5)		105.6		—		1,368.5
Acquisition costs, net	284.7			279.9			564.6			(121.4)		73.7		—		516.9
Other underwriting expenses	80.0			86.1			166.1			—		15.6		—		181.7
Underwriting income (loss)	75.2			124.8			200.0			126.9		(50.5)		—		276.4
Services revenues	222.9			—			222.9			(132.8)		—		(90.1)		—
Services expenses	176.2			—			176.2			—		—		(176.2)		—
Net services fee income	46.7			—			46.7			(132.8)		—		86.1		—
Services noncontrolling income	(2.1)			—			(2.1)			—		—		2.1		—

Net services income	44.6			—			44.6			(132.8)		—		88.2		—
Segment income (loss)	119.8			124.8			244.6			(5.9)		(50.5)		88.2		276.4
Net investment income												303.6		—		303.6
Net realized and unrealized investment losses												(79.0)		—		(79.0)

Other revenues												94.1		90.1		184.2
Loss on settlement and change in fair value of liability-classified instruments												(148.5)		—		(148.5)
Net corporate and other expenses												(55.9)		(176.2)		(232.1)
Intangible asset amortization												(11.9)		—		(11.9)
Interest expense												(69.6)		—		(69.6)
Foreign exchange gains												10.0		—		10.0
Income (loss) before income tax expense	$	119.8		$	124.8		244.6			(5.9)		(7.7)		2.1		233.1
Income tax expense							—			—		(30.7)		—		(30.7)
Net income (loss)							244.6			(5.9)		(38.4)		2.1		202.4
Net income attributable to noncontrolling interests							—			—		(0.4)		(2.1)		(2.5)
Net income (loss) available to SiriusPoint							$	244.6		$	(5.9)	$	(38.8)	$	—	$	199.9

Attritional losses	$	734.5		$	579.8		$	1,314.3		$	(5.5)	$	112.8	$	—	$	1,421.6
Catastrophe losses	5.3			49.5			54.8			—		—		—		54.8
Prior year loss reserve development	(25.7)			(75.0)			(100.7)			—		(7.2)		—		(107.9)
Loss and loss adjustment expenses incurred, net	$	714.1		$	554.3		$	1,268.4		$	(5.5)	$	105.6	$	—	$	1,368.5

Underwriting Ratios: (1)
Attritional loss ratio	63.6		%	55.5		%	59.8		%							60.7		%
Catastrophe loss ratio	0.5		%	4.7		%	2.5		%							2.3		%
Prior year loss development ratio	(2.2)		%	(7.2)		%	(4.6)		%							(4.6)		%
Loss ratio	61.9		%	53.0		%	57.7		%							58.4		%
Acquisition cost ratio	24.7		%	26.8		%	25.7		%							22.1		%
Other underwriting expenses ratio	6.9		%	8.2		%	7.6		%							7.8		%
Combined ratio	93.5		%	88.0		%	91.0		%							88.3		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

Page 12 of 23

SiriusPoint Ltd.

Consolidated Results - by Quarter

(expressed in millions of U.S. dollars, except ratios)


	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Revenues
Gross written premium	$	898.3		$	874.4		$	948.2		$	984.7		$	759.5

Net written premium	655.1			670.3			704.4			743.0			565.0

Net earned premium	667.4			647.7			652.0			626.7			590.3
Expenses
Loss and loss adjustment expenses incurred, net	372.2			372.9			372.6			401.8			369.1
Acquisition costs, net	173.2			139.8			140.9			129.7			134.6
Other underwriting expenses	54.9			43.6			48.3			41.1			53.9

Underwriting income	$	67.1		$	91.4		$	90.2		$	54.1		$	32.7

Attritional losses	$	387.2		$	381.8		$	381.8		$	368.1		$	367.8
Catastrophe losses, net of reinsurance and reinstatement premiums	7.0			—			(0.5)			67.9			38.6
Favorable prior year loss reserve development	$	(22.0)		$	(8.9)		$	(8.7)		$	(34.2)		$	(37.3)

Underwriting Ratios (1):
Loss ratio	55.8		%	57.6		%	57.1		%	64.1		%	62.5		%
Acquisition cost ratio	26.0		%	21.6		%	21.6		%	20.7		%	22.8		%
Other underwriting expenses ratio	8.2		%	6.7		%	7.4		%	6.6		%	9.1		%
Combined ratio	90.0		%	85.9		%	86.1		%	91.4		%	94.4		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.

Page 13 of 23

SiriusPoint Ltd.

Core Results - by Quarter (1)

(expressed in millions of U.S. dollars, except ratios)


	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Revenues
Gross written premium	$	896.9		$	871.6		$	930.1		$	989.9		$	762.5

Net written premium	660.9			664.9			699.8			752.0			560.2

Net earned premium	676.6			643.5			645.6			625.8			581.6
Expenses
Loss and loss adjustment expenses incurred, net	389.5			370.8			365.6			405.2			323.6
Acquisition costs, net	188.7			163.0			168.4			154.4			150.9
Other underwriting expenses	49.8			40.1			44.0			37.7			50.8

Underwriting income	48.6			69.6			67.6			28.5			56.3
Services revenues	45.7			58.5			58.1			62.1			51.6
Services expenses	41.4			48.5			49.6			43.1			41.2
Net services fee income	4.3			10.0			8.5			19.0			10.4
Services noncontrolling (income) loss	(0.1)			0.1			0.2			(0.1)			—

Net services income	4.2			10.1			8.7			18.9			10.4
Segment income	$	52.8		$	79.7		$	76.3		$	47.4		$	66.7

Attritional losses	$	397.5		$	379.9		$	379.9		$	371.6		$	343.1
Catastrophe losses, net of reinsurance and reinstatement premiums	7.0			—			(0.5)			67.9			38.6
Favorable prior year loss reserve development	$	(15.0)		$	(9.1)		$	(13.8)		$	(34.3)		$	(58.1)

Underwriting Ratios (2):
Loss ratio	57.6		%	57.6		%	56.6		%	64.7		%	55.6		%
Acquisition cost ratio	27.9		%	25.3		%	26.1		%	24.7		%	25.9		%
Other underwriting expenses ratio	7.4		%	6.2		%	6.8		%	6.0		%	8.7		%
Combined ratio	92.9		%	89.1		%	89.5		%	95.4		%	90.2		%

Accident year loss ratio	59.8		%	59.0		%	58.8		%	70.2		%	65.6		%
Accident year combined ratio	95.0		%	90.6		%	91.7		%	100.9		%	100.3		%
Attritional loss ratio	58.8		%	59.0		%	58.8		%	59.3		%	59.0		%
Attritional combined ratio	94.1		%	90.5		%	91.7		%	90.0		%	93.6		%

(1)Collectively, the sum of our two segments, Reinsurance and Insurance & Services, constitute our "Core" results. Core underwriting income, Core net services income, Core income, Core combined ratio, accident year loss ratio, accident year combined ratio and attritional loss ratio are non-GAAP financial measures. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

(2)Underwriting ratios are calculated by dividing the related expense by net earned premium. Accident year loss ratio and accident year combined ratio exclude prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the loss ratio and combined ratio, respectively. Attritional loss ratio and attritional combined ratio exclude catastrophe losses from the respective accident year ratios as they are not predictable as to timing and amount.

Page 14 of 23

SiriusPoint Ltd.

Insurance & Services Segment - by Quarter

(expressed in millions of U.S. dollars, except ratios)


	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Revenues
Gross written premium	$	556.0		$	562.0		$	560.4		$	635.1		$	450.3

Net written premium	377.1			396.8			392.8			483.5			322.7

Net earned premium	395.0			381.2			369.2			336.2			315.7
Expenses
Loss and loss adjustment expenses incurred, net	230.5			225.3			209.2			209.9			175.3
Acquisition costs, net	113.1			98.3			97.9			87.3			77.8
Other underwriting expenses	24.9			19.9			22.6			18.9			24.6

Underwriting income	26.5			37.7			39.5			20.1			38.0
Services revenues	45.7			58.5			58.1			62.1			51.6
Services expenses	41.4			48.5			49.6			43.1			41.2
Net services fee income	4.3			10.0			8.5			19.0			10.4
Services noncontrolling (income) loss	(0.1)			0.1			0.2			(0.1)			—
Net services income	4.2			10.1			8.7			18.9			10.4
Segment income	$	30.7		$	47.8		$	48.2		$	39.0		$	48.4

Attritional losses	$	238.4		$	234.8		$	218.9		$	207.6		$	188.2
Catastrophe losses, net of reinsurance and reinstatement premiums	2.5			—			—			4.8			3.4
Favorable prior year loss reserve development	$	(10.4)		$	(9.5)		$	(9.7)		$	(2.5)		$	(16.3)

Underwriting Ratios (1):
Loss ratio	58.4		%	59.1		%	56.7		%	62.4		%	55.5		%
Acquisition cost ratio	28.6		%	25.8		%	26.5		%	26.0		%	24.6		%
Other underwriting expenses ratio	6.3		%	5.2		%	6.1		%	5.6		%	7.8		%
Combined ratio	93.3		%	90.1		%	89.3		%	94.0		%	87.9		%

Accident year loss ratio	61.0		%	61.6		%	59.3		%	63.2		%	60.7		%
Accident year combined ratio	95.9		%	92.6		%	91.9		%	94.8		%	93.1		%
Attritional loss ratio	60.4		%	61.6		%	59.3		%	61.7		%	59.6		%
Attritional combined ratio	95.3		%	92.6		%	91.9		%	93.3		%	92.0		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium. Accident year loss ratio, accident year combined ratio and attritional loss ratio are non-GAAP financial measures. Accident year loss ratio and accident year combined ratio exclude prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the loss ratio and combined ratio, respectively. Attritional loss ratio and attritional combined ratio exclude catastrophe losses from the respective accident year ratios as they are not predictable as to timing and amount.

Page 15 of 23

SiriusPoint Ltd.

Reinsurance Segment - by Quarter

(expressed in millions of U.S. dollars, except ratios)


	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Revenues
Gross written premium	$	340.9		$	309.6		$	369.7		$	354.8		$	312.2

Net written premium	283.8			268.1			307.0			268.5			237.5

Net earned premium	281.6			262.3			276.4			289.6			265.9
Expenses
Loss and loss adjustment expenses incurred, net	159.0			145.5			156.4			195.3			148.3
Acquisition costs, net	75.6			64.7			70.5			67.1			73.1
Other underwriting expenses	24.9			20.2			21.4			18.8			26.2

Underwriting income	$	22.1		$	31.9		$	28.1		$	8.4		$	18.3







Attritional losses	$	159.1		$	145.1		$	161.0		$	164.0		$	154.9
Catastrophe losses, net of reinsurance and reinstatement premiums	4.5			—			(0.5)			63.1			35.2
(Favorable) adverse prior year loss reserve development	$	(4.6)		$	0.4		$	(4.1)		$	(31.8)		$	(41.8)

Underwriting Ratios (1):
Loss ratio	56.5		%	55.5		%	56.6		%	67.4		%	55.8		%
Acquisition cost ratio	26.8		%	24.7		%	25.5		%	23.2		%	27.5		%
Other underwriting expense ratio	8.8		%	7.7		%	7.7		%	6.5		%	9.9		%
Combined ratio	92.1		%	87.9		%	89.8		%	97.1		%	93.2		%

Accident year loss ratio	58.1		%	55.3		%	58.1		%	78.4		%	71.5		%
Accident year combined ratio	93.8		%	87.7		%	91.3		%	108.1		%	108.8		%
Attritional loss ratio	56.5		%	55.3		%	58.3		%	56.6		%	58.3		%
Attritional combined ratio	92.1		%	87.7		%	91.5		%	86.3		%	95.7		%

Page 16 of 23

SiriusPoint Ltd.

Investments - by Quarter

(expressed in millions of U.S. dollars)


	December 31, 2025				September 30, 2025				June 30, 2025				March 31, 2025				December 31, 2024
	Fair Value		%		Fair Value		%		Fair Value		%		Fair Value		%		Fair Value		%
Asset-backed securities	$	921.1	16.5	%	$	914.4	16.4	%	$	984.4	18.9	%	$	1,007.8	19.8	%	$	1,149.7	20.1	%
Residential mortgage-backed securities	963.1		17.2	%	974.4		17.5	%	916.9		17.6	%	931.0		18.2	%	973.8		17.1	%
Commercial mortgage-backed securities	231.9		4.1	%	204.4		3.7	%	177.6		3.4	%	174.0		3.4	%	224.5		3.9	%

Corporate debt securities	2,198.2		39.2	%	2,043.0		36.7	%	1,701.3		32.6	%	1,618.3		31.6	%	1,899.9		33.3	%
U.S. government and government agency	835.7		14.9	%	990.1		17.7	%	936.2		18.0	%	881.4		17.2	%	859.0		15.1	%
Non-U.S. government and government agency	18.6		0.3	%	19.3		0.2	%	19.5		0.3	%	22.7		0.4	%	24.1		0.4	%



Total debt securities, available for sale	5,168.6		92.2	%	5,145.6		92.2	%	4,735.9		90.8	%	4,635.2		90.6	%	5,131.0		89.9	%
Asset-backed securities	5.9		0.1	%	8.6		0.2	%	9.7		0.2	%	19.1		0.4	%	53.1		0.9	%
Residential mortgage-backed securities	45.0		0.8	%	46.1		0.8	%	47.0		0.9	%	47.9		0.9	%	48.7		0.9	%
Commercial mortgage-backed securities	31.9		0.6	%	36.1		0.6	%	38.6		0.7	%	42.7		0.8	%	51.8		0.9	%

Corporate debt securities	3.7		0.1	%	3.7		0.1	%	3.5		0.1	%	3.8		0.1	%	4.6		0.1	%
U.S. government and government agency	3.8		0.1	%	4.2		0.1	%	4.1		0.1	%	4.1		0.1	%	4.0		0.1	%




Total debt securities, trading	90.3		1.7	%	98.7		1.8	%	102.9		2.0	%	117.6		2.3	%	162.2		2.9	%




Short-term investments	28.3		0.5	%	24.6		0.3	%	54.9		1.0	%	48.2		0.9	%	95.8		1.7	%
Other long-term investments	88.1		1.6	%	93.5		1.7	%	92.2		1.8	%	92.4		1.8	%	89.9		1.6	%

Cost and equity method investments	69.3		1.2	%	66.8		1.2	%	68.8		1.3	%	65.1		1.3	%	64.7		1.1	%
Investments in funds valued at net asset value	157.7		2.8	%	158.0		2.8	%	159.1		3.1	%	160.2		3.1	%	161.9		2.8	%
Total investments	$	5,602.3	100.0	%	$	5,587.2	100.0	%	$	5,213.8	100.0	%	$	5,118.7	100.0	%	$	5,705.5	100.0	%

Page 17 of 23

SiriusPoint Ltd.

Earnings (Loss) per Share - by Quarter

(expressed in millions of U.S. dollars, except share and per share data)


	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024
Weighted-average number of common shares outstanding:
Basic number of common shares outstanding	116,788,646		116,726,540		116,523,435		115,975,961		161,378,360
Dilutive effect of options, restricted share awards, restricted share units	5,050,320		2,091,363		2,146,036		2,579,205		—
Diluted number of common shares outstanding	121,838,966		118,817,903		118,669,471		118,555,166		161,378,360

Basic earnings (loss) per common share:
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	86.8	$	59.2	$	57.6	$	(21.3)
Net income allocated to SiriusPoint participating common shareholders	(0.1)		(0.1)		(0.1)		(0.1)		—
Net income (loss) allocated to SiriusPoint common shareholders	$	239.9	$	86.7	$	59.1	$	57.5	$	(21.3)

Basic earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾	$	2.05	$	0.74	$	0.51	$	0.50	$	(0.13)

Diluted earnings (loss) per common share:
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	86.8	$	59.2	$	57.6	$	(21.3)
Net income allocated to SiriusPoint participating common shareholders	(0.1)		(0.1)		(0.1)		(0.1)		—

Net income (loss) allocated to SiriusPoint common shareholders	$	239.9	$	86.7	$	59.1	$	57.5	$	(21.3)

Diluted earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾	$	1.97	$	0.73	$	0.50	$	0.49	$	(0.13)

(1)Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. The Company treats certain of its unvested restricted shares as participating securities. The weighted average number of common shares excludes any dilutive effect of outstanding warrants, options or restricted share awards and units. Diluted earnings per share is based on the weighted average number of common shares outstanding and includes any dilutive effects of warrants, options, restricted share awards and units, and is determined using the treasury stock method. In the event of a net loss, all participating securities, outstanding warrants, options and restricted shares and units are excluded from both basic and diluted loss per share since their inclusion would be anti-dilutive.

Page 18 of 23

SiriusPoint Ltd.

Annualized Return on Average Common Shareholders’ Equity - by Quarter

(expressed in millions of U.S. dollars, except share and per share data and ratios)


	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Net income (loss) available to SiriusPoint common shareholders	$	240.0		$	86.8		$	59.2		$	57.6		$	(21.3)
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period	2,009.9			1,905.7			1,825.2			1,737.4			2,494.9


Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period	2,269.8			2,009.9			1,905.7			1,825.2			1,737.4
Average common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,139.9		$	1,957.8		$	1,865.5		$	1,781.3		$	2,116.2
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders (1)	44.9		%	17.7		%	12.7		%	12.9		%	(4.0)		%

(1)Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders is calculated by dividing annualized net income (loss) available to SiriusPoint common shareholders for the period by the average common shareholders’ equity determined using the common shareholders’ equity balances at the beginning and end of the period.

Page 19 of 23

SiriusPoint Ltd.

Book Value per Share - by Quarter

(expressed in millions of U.S. dollars, except share and per share data)


	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024


Common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,269.8	$	2,009.9	$	1,905.7	$	1,825.2	$	1,737.4

Accumulated other comprehensive income (loss), net of tax	61.9		52.3		46.5		26.4		(4.1)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI	2,207.9		1,957.6		1,859.2		1,798.8		1,741.5

Intangible assets	121.2		123.6		135.1		137.9		140.8
Tangible common shareholders' equity attributable to SiriusPoint common shareholders	$	2,148.6	$	1,886.3	$	1,770.6	$	1,687.3	$	1,596.6

Common shares outstanding	116,989,799		116,807,497		116,759,539		116,020,526		116,429,057
Effect of dilutive stock options, restricted share units and warrants	4,983,345		2,034,652		2,136,069		2,708,756		2,559,359
Book value per diluted common share denominator	121,973,144		118,842,149		118,895,608		118,729,282		118,988,416

Book value per common share	$	19.40	$	17.21	$	16.32	$	15.73	$	14.92
Book value per diluted common share	$	18.61	$	16.91	$	16.03	$	15.37	$	14.60
Book value per diluted common share ex. AOCI (1)	$	18.10	$	16.47	$	15.64	$	15.15	$	14.64
Tangible book value per diluted common share (1)	$	17.62	$	15.87	$	14.89	$	14.21	$	13.42

(1)Book value per diluted common share excluding AOCI and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per diluted common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets.

Page 20 of 23

SiriusPoint Ltd.

Net Corporate and Other Expenses - by Quarter

(expressed in millions of U.S. dollars)


	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024
Net corporate and other expenses	$	63.0	$	62.5	$	70.9	$	60.6	$	58.1


MGA Service expenses	$	41.4	$	48.5	$	49.6	$	43.1	$	41.2

Corporate and other expenses	$	13.9	$	12.8	$	19.0	$	16.9	$	14.4
Salaries, benefits and incentives	2.1		3.4		1.8		3.8		5.5
Professional fees	6.1		6.3		5.6		4.6		2.3
Taxes and regulatory fees	2.5		0.6		5.6		3.3		2.3
Corporate insurance	1.1		1.4		0.9		1.4		1.6
Depreciation	2.1		1.1		1.1		1.2		1.3

Other corporate expenses	—		—		4.0		2.6		1.4

Non-recurring corporate and other expenses	$	7.7	$	1.2	$	2.3	$	0.6	$	2.5
Salaries, benefits and incentives	6.3		0.3		0.3		—		0.4
Professional fees	1.4		0.9		2.0		0.6		2.1

Page 21 of 23

SiriusPoint Ltd.

Operating Net Income and Operating Earnings per Share

(expressed in millions of U.S. dollars, except share and per share data)


	Three months ended				Twelve months ended
	December 31, 2025		December 31, 2024		December 31, 2025		December 31, 2024
Net income (loss) available to SiriusPoint common shareholders	$	240.0	$	(21.3)	$	443.6	$	183.9
Adjustments:
Gain on sale or deconsolidation of consolidated MGAs	(222.4)		—		(222.4)		(96.0)
Losses on strategic and other investments	6.0		34.3		5.4		90.5
MGA & Strategic Investment Rationalization	(216.4)		34.3		(217.0)		(5.5)

Loss on settlement of liability classified financial instruments and deal costs	—		6.7		—		97.4
Change in fair value of liability classified financial instruments	—		19.2		—		51.1
CMIG Instruments & Transactions	—		25.9		—		148.5

Expense related to loss portfolio transfers	7.2		28.9		27.4		44.6
Bermuda corporate income tax enactment	(13.0)		—		(13.0)		—
Foreign exchange (gains) losses	8.3		(12.9)		25.2		(10.0)
COVID-19 favorable reserve development	—		—		—		(19.9)
Other non-recurring items	6.5		—		(4.5)		—
Income tax expense on adjustments (1)	53.2		(11.4)		48.3		(38.1)
Operating net income	$	85.8	$	43.5	$	310.0	$	303.5

Weighted average number of diluted common shares used in the determination of earnings per share	121,838,966		161,378,360		121,648,050		169,470,681
Operating diluted earnings per share prior to participating shareholder adjustments	$	0.70	$	0.27	$	2.55	$	1.79
Effect of above and net income allocated to participating shareholders	—		—		—		(0.08)
Operating diluted earnings per share	$	0.70	$	0.27	$	2.55	$	1.71

(1) For the three and twelve months ended December 31, 2025 and 2024, an effective tax rate of 19% and 15%, respectively, is applied to the above adjustments to calculate the associated income tax expense, where applicable. Periods may have a different effective tax rate based on the jurisdiction of specific transactions.

Page 22 of 23

SiriusPoint Ltd.

Operating Return on Average Common Shareholders’ Equity

(expressed in millions of U.S. dollars, except ratios)


	Three months ended						Twelve months ended
	December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
Operating net income	$	85.8		$	43.5		$	310.0		$	303.5
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period	2,009.9			2,494.9			1,737.4			2,313.9
Accumulated other comprehensive income (loss), net of tax - beginning of period	52.3			81.5			(4.1)			3.1
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI - beginning of period	1,957.6			2,413.4			1,741.5			2,310.8
Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period	2,269.8			1,737.4			2,269.8			1,737.4
Adjustments to Net income to arrive at Operating net income	(154.2)			64.8			(133.6)			119.6
Accumulated other comprehensive income (loss), net of tax - end of period	61.9			(4.1)			61.9			(4.1)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI - end of period	2,053.7			1,806.3			2,074.3			1,861.1
Average common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI	$	2,005.7		$	2,109.9		$	1,907.9		$	2,086.0
Annualized Operating ROE	17.1		%	8.2		%	16.2		%	14.6		%

Page 23 of 23

Q4 2025 INVESTOR PRESENTATION February 18, 2026 NYSE: SPNT

Basis of Presentation and Non-GAAP Financial Measures: Unless the context otherwise indicates or requires, as used in this presentation references to “we,” “our,” “us,” the “Company,” and "SiriusPoint" refer to SiriusPoint Ltd. and its directly and indirectly owned subsidiaries, as a combined entity, except where otherwise stated or where it is clear that the terms mean only SiriusPoint Ltd. exclusive of its subsidiaries. We have made rounding adjustments to reach some of the figures included in this presentation and, unless otherwise indicated, percentages presented in this presentation are approximate. In presenting SiriusPoint’s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). SiriusPoint’s management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of SiriusPoint’s financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. Core underwriting income, Core net services income, Core income, Core combined ratio, accident year loss ratio, accident year combined ratio, attritional loss ratio and attritional combined ratio are non-GAAP financial measures. Management believes it is useful to review Core results as it better reflects how management views the business and reflects the Company’s decision to exit the runoff business. Book value per diluted common share excluding accumulated other comprehensive income (loss) ("AOCI") and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per diluted common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Management believes the effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Operating net income and Operating earnings per share are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is net income and diluted earnings per share, respectively. Operating net income excludes items which we believe are not indicative of the operations of our operating businesses, including realized and unrealized gains (losses) on strategic and other investments and liability-classified capital instruments, non-recurring costs associated with acquisitions or sales of subsidiaries, income (expense) related to loss portfolio transfers, deferred tax assets attributable to the enactment of the Bermuda corporate income tax, development on COVID-19 reserves resulting from the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024, and foreign exchange gains (losses). We believe it is useful to review Operating net income as it better reflects how we view the business, as well as provides investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Operating ROE is calculated by dividing annualized Operating net income for the period by average common shareholders’ equity, excluding AOCI, and after adjusting for the above noted items to arrive at Operating net income. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure is contained in our Form 10-K, earnings release or financial Supplement for the quarter ended December 31, 2025 and in Appendices 1-3 on slides 29-31 in this deck. Safe Harbor Statement Regarding Forward-Looking Statements: This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this presentation is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this presentation. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “guidance,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases.These risks and uncertainties include, but are not limited to, the "Risk Factors" described in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Appendix 5 on slide 33 contains a glossary of abbreviated terms. 2 DISCLAIMER

AGENDA 3 Highlights & Strategic Update Scott Egan, Group CEO Fourth Quarter & Full Year Results Update Jim McKinney, Group CFO Q&A

Highlights & Strategic Update

5 SIRIUSPOINT OVERVIEW Notes: Pie Chart represents Trailing Twelve Months Gross Written Premium. [1] Gross Written Premium on a Trailing Twelve Months basis. [2] Represents total shareholders' equity plus debt capital. [3] SiriusPoint Group Bermuda Solvency Capital Ratio calculated as available economic capital and surplus divided by the enhanced capital requirement. Q4'25 figure is an estimate. [4] Financial Strength Ratings and outlook according to AM Best, Fitch and S&P. Moody's FSR of A3 with stable outlook. Drive excellence as a best-in-class specialty underwriter, with a diverse and low-volatility portfolio, that targets a 12-15% ROE across the cycle Energy Surety Casualty Aviation/Space Other Specialties Credit Environmental Marine Total AssetsTotal Capitalization2Gross Written Premium1 $3.7bn $3.2bn $12.6bn Accident & HealthProperty BSCR Ratio3 247% Financial Strength Rating4 A- (Positive) Strong Balance Sheet with Robust Risk Management Relentless Focus on Underwriting Disciplined and Agile Capital Allocator Dynamic Multi-Channel Global Access 32% 27% 15% 7% 6% 5% 3%

6 STRONG 2025 EARNINGS & PROFITABLE PREMIUM GROWTH Notes: [1] Reflects Core segment. [2] Operating Diluted Earnings Per Share is a non-GAAP measure. See Appendix 2 on slide 30 for a reconciliation. [3] Operating Return on Equity represents a non-GAAP measure. See Appendix 3 on slide 31 for a reconciliation to Return on Equity. [4] SiriusPoint Group Bermuda Solvency Capital Ratio calculated as available economic capital and surplus divided by the enhanced capital requirement. Q4'25 figure is an estimate. [5] Pro-forma Q4'25 BSCR estimate after $200m Series B Preference Share redemption effective February 26, 2026. BVPS (ex. AOCI) $18.10 Operating Return on Equity3 16.2% BSCR Ratio4 247% 232% (ex. Pref)5 Gross Written Premium1 Core Combined Ratio FY 25 Q4 FY 25 Q4 Operating Earnings Per Share2 FY 25 Q4 FY 25 Core COR of 91.7%, with disciplined GWP growth of 16% Q4 Core COR of 92.9%, marking thirteen consecutive quarters of UW profit Book Value Per Diluted Share growth of +$4.01/+28% in 2025 (+$1.70/+10% in Q4) Premium growth of 18% in Q4, driven by Insurance & Services Announcing our intent to repurchase $100m of common shares over the next 12 months FY 25 FY 25 Operating Return on Equity3 of 16.2%, up 1.6 ppts - 3rd consecutive yr. of improvement Completed sales of Armada (Q4'25) and Arcadian (Q1'26) with $390m proceeds received +18% 92.9% $0.70 +16% 91.7% $2.55 Net income of $444m in FY 25, up 141% from $184m in FY 24

2022-2023: Turnaround 2024: Major Reshaping 7 Notes: [1] Total Shareholder Return (TSR) calculated from September 21, 2022, when the management changes occurred. 2025 figure calculated through February 17, 2026. [2] On continuing lines business within our Core segment. [3] For Core business as demonstrated on slide 20. [4] As demonstrated on slide 10 based on the last eight quarters (i.e., two years) as at Q3'25. [5] Pro-forma adjusting Q4'25 BSCR following the $200m Series B Preference Share redemption effective February 26, 2026. PLATFORM RESHAPING ENABLING PROFITABLE GROWTH 132% Cumulative TSR to date1 228% Cumulative TSR to date1 Exited non-core International Property Reinsurance, Cyber & Workers' Compensation De-risked investment portfolio Underwriter compensation structure aligned to shareholder interests Implemented >$50m of run-rate cost savings Significant improvement on employee engagement metrics LPTs covering $2.1bn of reserves from exited business, with >95% limit remaining Completed external validation of reserving prudence - 15 consecutive quarters of favorable PYD at FY 24 Settled Merger Instruments eliminating dilution and removing volatility Unlocked and recognized $100m off-Balance Sheet MGA value during 2024 Capital structure simplified through share buyback and debt actions 320% Cumulative TSR to date1 $1.0bn Capital returned to shareholders $100m buyback intention announced Outperformed 'across the cycle' Operating ROE target of 12-15% Thirteen consecutive quarters of UW profit Seven consecutive quarters of double-digit premium growth2 1.5 point improvement in FY 25 attritional combined ratio year over year3 Stable combined ratio performance vs peers4; growth in A&H and Other Specialties Crystallized $189m off-Balance Sheet MGA value Robust balance sheet: BSCR ratio improved to 247% (pro-forma 232%5) and leverage ratio to reduce to historic low 2025 Onwards: Profitable Growth

$11.59 $12.41 $12.63 $12.91 $13.33 $13.74 $14.47 $14.25 $14.64 $15.15 $15.64 $16.47 $18.10 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 $87.3 $70.2 $84.5 $74.7 $36.6 $107.9 $57.8 $94.3 $43.5 $61.0 $78.1 $85.2 $85.8 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 8 TRACK RECORD OF ATTRACTIVE EARNINGS AND VALUE CREATION Notes: [1] Operating Net Income represents a non-GAAP measure. See Appendix 1 on slide 29 for a reconciliation to Net Income. [2] Operating Return on Equity represents a non-GAAP measure. See Appendix 3 on slide 31 for a reconciliation to Return on Equity. Operating Net Income1 Book Value Per Share (ex. AOCI) $ numbers in USD millions, except per share data +56% G rowth Long-Term Value Framework 12.8% 14.6% 16.2% Operating Return on Equity FY 23 FY 24 FY 25 Target niche and growing markets where we have a competitive advantage and a right to win Act nimbly, actively manage portfolio to maximize capital returns Optimize volatility and diversify earnings streams to target a 12-15% ROE across the cycle 2

90.1% 89.1% 94.2% 92.2% 91.7% 92.1% 89.2% 90.2% 90.2% 90.5% 91.3% 93.7% 96.2% 95.9% 94.2% 97.5% 97.9% 103.9% 101.6% 101.3% 99.4% 93.9% 93.7% 92.4% 93.0% 92.0% 91.3% 92.2% 91.1% 91.1% 91.7% Peer Average SiriusPoint Core (ex. LPT Benefit) Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 9 EXECUTING ON OUR AMBITION OF BEST-IN-CLASS UNDERWRITING Notes: [1] Peer average includes American Financial Group, AIG, Arch, AXIS, Chubb, Everest, Fidelis, Hamilton, James River, Markel, RenaissanceRe, RLI, Selective, Skyward Specialty, Travelers and W.R. Berkley. [2] Q4'25 peer average not shown as various peers are still to report. Trailing Twelve Months Combined Ratio 1 Key Messages – Portfolio actions created a 12.2 point improvement in SiriusPoint's trailing twelve month combined ratio compared to Q3'22 – Combined ratio volatility significantly reduced as of Q3'23, despite an increase in peer volatility, with continued improvement from targeted actions – Starting Q4'24, SiriusPoint has achieved a trailing twelve month Core combined ratio that has outperformed the peer average 2

Combined Ratio Volatility1 10 PORTFOLIO PRODUCES LOW VOLATILITY PROFILE Notes: [1] Combined ratio volatility measured as the standard deviation in quarterly combined ratios for the last eight quarters (i.e., two years) as at Q3'25. SiriusPoint combined ratio is for Core segment and excludes benefits related to LPTs. Peers include American Financial Group, AIG, Arch, AXIS, Chubb, Everest, Fidelis, Hamilton, James River, Markel, RenaissanceRe, RLI, Selective, Skyward Specialty, Travelers and W.R. Berkley. 1.2% 2.2% 2.5% 2.5% 2.8% 4.0% 4.3% 4.4% 5.0% 6.8% 6.8% 8.5% 12.0% 15.5% 17.5% 18.7% 22.8% Company A Company B SiriusPoint Company C Company D Company E Company F Company G Company H Company I Company J Company K Company L Company M Company N Company O Company P Key Messages – Quarterly combined ratio volatility benchmarks favorably to peers ◦ Delivered above 12% to 15% across the cycle operating ROE through a period of heightened volatility from catastrophe and aviation losses ◦ Volatility profile aligns with US Specialty peers – Rigorous and disciplined approach to portfolio and capital management enables low volatility, high Operating ROE outcomes across the cycle ◦ 2025 GWP growth largely came from lower volatility offerings like A&H US Specialty Peers

11 PORTFOLIO EVOLUTION TOWARDS US SPECIALTY INSURANCE Notes: [1] Bubbles are to scale and represent FY 25 Gross Written Premiums by underwriting entity/platform. UK represents the UK Branch on SiriusPoint International Insurance Corporation (publ). [2] Pie charts show Gross Written Premium mix for Core segment. $1.8bn US Admitted & Non-Admitted $0.4bn Bermuda Class 4 Entity $0.9bn UK & Lloyd's $0.6bn Other Platforms FY 25 Gross Written Premium by Underwriting Platform1 40% 60% 63% 37% Reinsurance Insurance and Services Underwriting Portfolio Mix Evolution2 Strong optionality in underwriting platforms given global licenses Deliberate growth in Insurance over Reinsurance means that roughly two-thirds of premiums are now from Insurance (vs. 40% in FY 21) Approximately half of premiums are now underwritten in the US as we continue to evolve into a US Specialty underwriter FY 21 FY 25

12 STRONG GROWTH WHILE RETAINING UNDERWRITING DISCIPLINE Notes: [1] Reflects Core continuing lines premium for 2023 and 2024 which excludes business exited in 2022 and 2023. 32% 7% 4% 7% (7)% 22% 10% 21% 12% 10% 26% 18% 19% 12% 7% 3% 4% 7% 5% 15% 21% 17% 18% 16% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Core Combined Ratio (ex. LPT Benefit)Premium Growth1 Reallocation of capital from 1/1 business to renewals later in the year 95.5% 91.1% 91.7% 93.8% 91.7% 92.5% 87.0% 83.7% 84.7% 89.6% 89.1% 91.9% 6.6% 10.9% 96.8% 91.1% 92.9% 93.8% 91.7% 93.5% 88.9% 90.3% 95.6% 89.5% 89.1% 92.9% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Catastrophe Loss Ratio Combined Ratio (ex. Catastrophe Losses) Gross Written Premium Net Earned Premium

60% of growth from lines less correlated with P&C pricing 13 TARGETED AND PROFITABLE APPROACH TO GROWTH IN 2025 Notes: [1] Reflects Core business. Key SummaryGross Written Premium Walk1 $3,176 $189 $119 $82 $122 $3,689 FY 24 GWP Accident & Health Surety UK Residential & SME (Property) Other FY 25 GWP Growth managed on a portfolio-level basis with intention of maintaining the low volatility profile Low volatility business is growing at faster pace than high volatility business Accident & Health, a stable line with low capital intensity, drives the largest contribution to growth in 2025 Boasts a continuous track record of profitable delivery through various market cycles 60% of growth comes from diversifying lines that are less correlated to P&C pricing cycles, such as Accident & Health and Surety Nimble, multi-channel distribution creates a dynamic capability to deploy capital opportunistically Property growth largely coming from UK Residential & SME with cat volatility protected by low attaching XL reinsurance $ numbers in USD millions – – – FY Growth Contribution 6% 4% 2% 4% 16%

9% 43% 48% 14 DISCIPLINED MGA DISTRIBUTION WITH SEASONED RELATIONSHIPS Overview of MGA Relationships Key Messages 1-2 Years 5+ Years 3-4 Years – Over 90% of the MGA premium mix comes from partners with a 3+ year relationship who have proven profitability track records – Partner growth is managed carefully and tightly, particularly during initial years ◦ Our risk-based approach to reserving generally results in newer relationships being reserved above pricing projections to account for uncertainty from limited performance experience ◦ Partners onboarded in the last 2 years represent 34% of total partners but just 9% of gross written premiums – Profit sharing in place for 88% of partners3 ensuring alignment of economics – Rejected over 90% of opportunities presented to us via the MGA distribution channel – Our Partnership platform and offering continues to earn us recognition as a 'Partner of Choice' ◦ Awarded US Program Manager of the year in 2025 at Program Manager Awards Notes: [1] Represents number of onboarded MGA partners broken out by relationship length. [2] Represents MGA-derived Gross Written Premiums for Core segment on a trailing twelve month basis as at 12/31/25. [3] Refers to P&C MGA partners. 34% 31% 35% Onboarded Partner Relationship Length1 1-2 Years 5+ Years 3-4 Years MGA Premium Mix by Relationship Length2

24% 46% 12% 8% 7% 3% IMG Health/Medical Life Personal Accident Supplemental Health Other Travel 15 FOCUSING ON ACCIDENT & HEALTH Investing in IMG's Distribution and Services Accident & Health Portfolio Overview – IMG is a 100%-owned A&H MGA that is a core part of the business for both underwriting and fee income – Undervalued on the Balance Sheet ($77m at Q4'25) with over $30m of expected fee income in 2026 SiriusPoint GWP Accident & Health GWP 2025 GWP $3.7bn 2025 GWP $1.0bn 20+ year track record of consistent profitability Stable book is a "volatility shock absorber" to wider portfolio Less correlated to wider P&C pricing cycles Low capital intensity underwriting and capital-light fee income + + – IMG's announced acquisitions integrate complementary businesses to form a unified platform ◦ Expands global footprint ◦ Strengthens capabilities ◦ Drives operational efficiency 27%73%

16 SIRIUSPOINT FORWARD OUTLOOK Seasoned management team with demonstrated track record of execution Low volatility underwriter with track record of delivering or exceeding our profitability targets Undervalued balance sheet with demonstrated significant upside from MGA portfolio Agile capital allocator with proven ability to move and optimize capital Disciplined profitable growth with untapped opportunities and a track record of double-digit growth Attractive markets targeting underserved and defensible niches Our delivery targets a 12-15% return on equity across the cycle Strong underwriting culture with compensation aligned to shareholder value creation

Fourth Quarter and Full Year Results Update

Financial Highlights $ numbers in USD millions Q4'24 Q4'25 Gross Written Premium $763 $897 Net Written Premium $560 $661 COR (%) 90.2% 92.9% UW Income $56 $49 Net Services Fee Income $10 $4 Total Investment Result2 $29 $59 Operating Net Income3 $44 $86 Operating Earnings Per Share4 $0.27 $0.70 Q3'25 Q4'25 Common Shareholders' Equity5 $2,010 $2,270 Diluted Book Value Per Share (ex. AOCI) $16.47 $18.10 Q4 2025 FINANCIAL RESULTS 18 Notes: [1] Reflects Core segment. [2] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains (losses) from related party investment funds and net investment income. [3] Operating Net Income represents a non-GAAP measure. See Appendix 1 on slide 29 for a reconciliation. [4] Operating Diluted Earnings Per Share is a non-GAAP measure. See Appendix 2 on slide 30 for a reconciliation. [5] Common shareholders’ equity attributable to SiriusPoint common shareholders at end of period. [6] Excluded from operating net income. – GWP1 up 18%, with NWP1 increasing by 18% and NEP1 up 16% – UW Income of $49m and COR of 92.9%1 ◦ Includes attritional loss ratio improvement and historic acquisition cost one-off, with run rate on track – Diluted EPS of $1.97, or $0.70 on an operating basis – Total net services fee income1 of $4m, up 45% YoY for go- forward MGAs – Strong Investment result following asset reduction from CM Bermuda buyback ◦ NII of $69m in line with full year guidance ($265m to $275m) – Other notable pre-tax items impacting Q4'25 net income: ◦ $222m gain from Armada sale closing6 ◦ $20m interest expense of which $7m6 relates to LPTs ◦ $8m of foreign exchange losses6 – Effective tax rate for the quarter lower by c. 6 points due to non-run rate items of c. $20m – Common shareholders' equity5 increased 13% to $2.3bn – $1.63 increase in diluted book value per share (ex. AOCI) Key Comments CO RE S EG M EN T

Financial Highlights $ numbers in USD millions FY 24 FY 25 Gross Written Premium $3,176 $3,689 Net Written Premium $2,341 $2,778 COR (%) 91.0% 91.7% UW Income $200 $214 Net Services Fee Income $47 $42 Total Investment Result2 $225 $272 Operating Net Income3 $304 $310 Operating Earnings Per Share4 $1.71 $2.55 Common Shareholders' Equity5 $1,737 $2,270 Diluted Book Value Per Share (ex. AOCI) $14.64 $18.10 FULL YEAR 2025 FINANCIAL RESULTS 19 Notes: [1] Reflects Core segment. [2] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains (losses) from related party investment funds and net investment income. [3] Operating Net Income represents a non-GAAP measure. See Appendix 1 on slide 29 for a reconciliation. [4] Operating Diluted Earnings Per Share is a non-GAAP measure. See Appendix 2 on slide 30 for a reconciliation. [5] Common shareholders’ equity attributable to SiriusPoint common shareholders at end of period. [6] As shown on slide 20. [7] Excluded from operating net income. – GWP1 up 16%, with NWP1 increasing by 19% and NEP1 up 18% – UW Income up 7% with stable 91.7% COR1 ◦ Quality of earnings improvement with attritional COR decreasing 1.5 ppts YoY6 – Diluted EPS of $3.64, or $2.55 on an operating basis (up 49% YoY) – Total net services fee income1 of $42m – Strong Investment result following asset reduction from CM Bermuda buyback ◦ NII of $275m in line with full year guidance ($265m to $275m) – Other notable pre-tax items impacting FY 25 income: ◦ $222m gain from Armada sale closing7 ◦ $80m interest expense of which $31m7 relates to LPTs ◦ $25m of foreign exchange losses7 – Common shareholders' equity5 increased 31% to $2.3bn – $3.46 increase in diluted book value per share (ex. AOCI) Key Comments CO RE S EG M EN T

1.5 POINTS OF COMBINED RATIO EARNINGS QUALITY IMPROVEMENT 20 Attritional Loss Ratio (Loss ratio excluding catastrophe losses and prior year development) OUE Ratio3 Notes: [1] Reflects Core business. [2] Total expense ratio calculated as the sum of acquisition cost ratio and other underwriting expense ratio. [3] OUE = Other Underwriting Expense. [4] PYD = Prior Year Development. 59.8% 59.0% 25.7% 26.0% 7.6% 6.6% 93.1% 91.6% Attritional COR (FY 24) Attritional COR (FY 25) – 1.5 ppts of earnings quality improvement within Core segment business YoY when excluding catastrophe losses and PYD4 – 0.8 ppts improvement in attritional loss ratio driven by improved risk selection – 1.0 ppt decrease in OUE ratio to 6.6% due to scaling benefits from NEP growth Attritional Loss Ratio plus Total Expense Ratio2 Acquisition Cost Ratio 91.6% (2.8)% 2.9% 91.7% Attritional COR (FY 25) Prior Year Development Catastrophe Losses Core COR (FY 25) Bridge to Core Combined RatioTrends in Attritional Combined Ratio1 – Core COR 0.1 ppt higher than attritional COR driven by catastrophe losses – 2.9 ppts of catastrophe losses, relating primarily to California Wildfires during Q1 – 2.8 ppts or $72m of favorable PYD4, relating to reserve releases on Property events, Accident & Health, and Credit 59.0% 26.0% 6.6% Remove slide from Q1 26

Notes: [1] Year to date. [2] Combined ratio excluding catastrophe losses and prior year development. $450 $556 Q4'24 Q4'25 $1,841 $2,314 FY 24 FY 25 21 INSURANCE & SERVICES SEGMENT Gross Written Premium Combined Ratio Key Messages 55.5% 58.4% 61.9% 59.1% 24.6% 28.6% 24.7% 26.8% 7.8% 6.3% 6.9% 5.8% 87.9% 93.3% 93.5% 91.7% OUE Ratio Acq. Cost Ratio Loss Ratio Q4'24 Q4'25 FY 24 FY 25 Business Mix1 A&H 43% Casualty 30% Other Specialties 18% Property 9% +23% – Premium Gross written premium increased 23% for the quarter, contributing to a full year growth rate of 26%. On a net basis, written premium increased by 17% for the quarter and 33% for full year with our strategy to grow our net position with MGA partners as we gain additional experience – Loss Performance Fourth quarter loss ratio increased by 2.9 ppts, with higher favorable PYD in the prior year comparator partially offset by lower catastrophe losses in the quarter. The full year loss ratio improved 2.8 ppts, driven entirely by attritional loss improvement – Underwriting Result Combined ratio increased 5.4 ppts largely related to lower PYD and a couple of one-time items that impact the acquisition cost ratio. Year to date, the combined ratio improved 1.8 ppts as the 2.8 ppt improvement in the loss ratio and 1.1 ppt improvement in the OUE ratio was partially offset by a 2.1 ppt increase in the acquisition cost ratio Attritional COR292.0% 93.4% +26% 95.3% 95.2% $ numbers in USD millions

22 REINSURANCE SEGMENT Notes: [1] Year to date. [2] Combined ratio excluding catastrophe losses and prior year development. Gross Written Premium Combined Ratio Key Messages 55.8% 56.5% 53.0% 59.1% 27.5% 26.8% 26.8% 25.0% 9.9% 8.8% 8.2% 7.7% 93.2% 92.1% 88.0% 91.8% OUE Ratio Acq. Cost Ratio Loss Ratio Q4'24 Q4'25 FY 24 FY 25 Business Mix1 Other Specialties 40% Casualty 36% Property 24% – Premium Gross written premium increased 9% for the quarter, resulting in 3% growth for full year. Growth in the fourth quarter came from Casualty while Property saw a reduction, and Other Specialties premiums were broadly flat – Loss Performance Fourth quarter loss ratio increased by 0.7 ppts, with high favorable PYD in the prior year comparator partially offset by lower catastrophe losses in the quarter. The full year loss ratio increased by 6.1 ppts with favorable PYD accounting for 3.6 less ppts, catastrophe losses up 1.3 ppts, and the attritional loss ratio increasing 1.2 ppts due to business mix – Underwriting Result Combined ratio decreased by 1.1 ppts in the fourth quarter driven by improving expense ratio. On a year to date basis the combined ratio increased 3.8 ppts as the increase in the catastrophe loss ratio was partially offset by a 1.8 ppt improvement in the acquisition cost ratio and 0.5 ppt improvement in the OUE ratio Attritional COR295.7% 92.1% 89.4% $312 $341 Q4'24 Q4'25 $1,336 $1,375 FY 24 FY 25 9% +3% 90.5% $ numbers in USD millions

11.7% 7.9% 6.4% 4.6% 4.5% 4.3% 4.1% 3.5% 3.2% 2.7% 2.6% 1.9% 1.4% 0.6% 0.5% Company A Company H Company I Company C Company G Company J Company F Company D Company B Company E Company N Company L Company M SiriusPoint Company K 8.4% 6.3% 5.5% 5.3% 3.9% 3.5% 2.9% 2.8% 2.7% 1.8% 0.7% Company A Company B Company C Company M Company H Company G Company F Company D Company J Company I SiriusPoint Company E Company L Company N Company K 22.5% 8.0% 7.3% 6.5% 6.5% 6.3% 5.5% 5.0% 5.0% 4.3% 2.6% 2.5% 2.5% 1.7% 0.8% Company A Company H Company F Company I Company C Company B Company G Company J Company D Company E Company L Company N SiriusPoint Company M Company K 25.3% 16.3% 11.4% 9.0% 7.8% 7.8% 6.0% 5.9% 5.5% 5.0% 4.3% 2.2% 1.6% 1.1% 0.6% Company A Company B Company C Company D Company E Company F SiriusPoint Company G Company H Company J Company I Company L Company N Company M Company K 23 DELIBERATE ACTIONS HAVE REDUCED CATASTROPHE VOLATILITY FY 21 Catastrophe Loss Ratio FY 23 Catastrophe Loss Ratio FY 24 FY 25 Notes: Peer companies include American Financial Group, AIG, Arch, Aspen, AXIS, Chubb, Everest, Fidelis, Hamilton, Markel, Selective, Skyward Specialty, Travelers and W.R. Berkley. Catastrophe Loss Ratio Earnings Release Pending 33.6% 18.8% 15.1% 13.6% 10.9% 9.5% 8.3% 7.1% 6.0% 5.4% 5.4% 3.0% 2.5% 2.4% 1.8% Company A SiriusPoint Company B Company C Company D Company E Company F Company G Company H Company I Company J Company K Company L Company M Company N Do this as LTM from Q1? Catastrophe Loss Ratio FY 22 Catastrophe Loss Ratio

24 RESERVING PRUDENCE DEMONSTRATED BY PYD TRACK RECORD Notes: [1] Reflects consolidated results. [2] Q1'23 favorable prior year development excludes the one-off $102m benefit from the loss portfolio transfer. Favorable Prior Year Development1,2 $4.1 $3.8 $33.0 $24.7 $11.1 $38.9 $1.1 $30.6 $37.3 $34.2 $8.7 $8.9 $22.0 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 4.5% 3.3% 2.2% 2023 2024 FY 25 Reserve Releases as % of Opening Net Reserves1 $ numbers in USD millions – Nineteen consecutive quarters of favorable prior year development – External reserve review completed at FY 24 determined reserves were sufficiently prudent – Full quarterly bottom-up review of reserves by actuarial team and Board of Directors – New business booked with reserve load in excess of pricing indications – LPTs continue to benefit from high levels of coverage in excess of reserves Key Comments $212 $385 $202 $244 $287 $208 LPT Limit Remaining in Excess of Reserves Reserves covered by LPT at 12/31/25 Compre LPT (Signed 2021) Compre LPT (Signed 2023) Enstar LPT (Signed 2024) Loss Portfolio Transfers LPT Buffer (as % of reserves) 115% 75% 103%

$304 $275 FY 24 FY 25 Guidance FY 25 13% 41% 27% 17% 2% HIGH QUALITY INVESTMENT PORTFOLIO 25 $ numbers in USD millions Key Comments Notes: [1] FY 25 NII guidance based on internal modeling. [2] Third Point Enhanced Fund. [3] Other includes Strategic Investments, TP Ventures and Legacy & Other Alts. [4] Excludes short-term investments. $265-$2751 Net Investment Income – Q4'25 Net Investment Income of $69m contributes to FY 25 Net Investment Income of $275m ◦ In line with prior year quarter despite lower asset base following $733m CM Bermuda Investor Agreement ◦ FY Net Investment Income at upper end of FY 25 guidance of $265m to $275m1 – FY 26 Net Investment Income expected to be at a similar level to FY 25 Credit Quality4Investment Balances by Asset Class 34% 20% 14% 13% 9% 5% 4% AAA AA A BBB Not Rated / Below IG STI Corporate Other3 Fixed Income Duration4 Avg. Credit Quality 3.2 years AA- Reinvestment Rate >4.0% Investment Result $272m MBS Cash Government ABS CLO TPE2 Q4'25 $6.5bn

225% 22% 247% (15)% 232% (19)% 213% Q3'25 Net Capital Generation Q4'25E Preference Share Redemption Q4'25E Pro-forma Stress-Test Scenario Post-event Q4'25E 26 Notes: [1] SiriusPoint Group BSCR ratio calculated as available economic capital and surplus divided by the Bermuda solvency capital requirement as of September 30, 2025 and December 31, 2025, respectively. BSCR ratio is an estimate. [2] Equity Capital refers to total shareholders' equity and includes $200m of Series B Preference Shares that are set to be redeemed effective February 26, 2026. STRONG FINANCIAL STRENGTH AND CAPITAL POSITION – BSCR ratio optimized to maximize shareholder value whilst retaining prudence to withstand extreme 1-in-250 year stress-test scenarios – Three rating agency outlook upgrades to 'Positive' in 2025 – Operating the business against 'AAA’ rating requirement per S&P model – Capital mix remains high quality and highly diversified BSCR Ratio Walk1 $ numbers in USD millions Stress-Test Scenario 1-in-250 year event (on a per occurrence basis net of reinstatements and after tax) Modeled Cost: $221m Financial Strength Ratings (FSR) Key Comments Equity Capital2 GAAP Capital Debt Capital $2.5bn $0.7bn $3.2bn OUTLOOK UPGRADED 4/25/25 AFFIRMED 3/12/25 OUTLOOK UPGRADED 3/5/25 OUTLOOK UPGRADED 10/2/25 A- A3 A- A- (POSITIVE) (STABLE)(POSITIVE) (POSITIVE)

$506 $704 $682 $662 $671 Available dividend capacity from subsidiaries and HoldCo Investments Revolving Credit Facility undrawn capacity Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 27 Notes: [1] Debt / Capital Ratio calculated as debt divided by total capital. Debt + Preferred / Capital calculated as debt plus preference shares divided by total capital. Total capital represents the sum of shareholders’ equity and debt. [2] Pro-forma for the Q4'25 position taking into account the increase in book value from the Arcadian sale proceeds and the retirement of the $200 million Series B Preference Shares that are set to be redeemed effective February 26, 2026. [3] HoldCo Investments comprised of investment assets, cash and cash equivalents. BALANCE SHEET LEVERAGE RATIO TO REDUCE TO HISTORIC LOW Leverage1 Liquidity $ numbers in USD millions Key Comments 3 – Leverage ratio1 decreased to 28.1% driven by strong earnings and MGA sales. Remains within target range at Q4'25 ◦ Redemption of the $200m Series B Preference Shares prior to their rate reset in February 2026. Achieves historically low leverage ratio (below pre-CM Bermuda agreement level) while reducing cost of debt and providing significant go-forward financial flexibility – Announcing intention to repurchase $100m of common shares over the next twelve months – Ample liquidity available from investable assets and credit facilities to support business operations – Balance sheet continues to be undervalued, with consolidated MGAs held at book value of $80m producing roughly $30m of net services fee income – LPTs continue to have >95% of the combined limit remaining 27.2% 23.8% 24.8% 21.8% 23.1% 34.2% 29.7% 32.5% 28.1% 23.1% Debt / Capital Debt + Preferred / Capital FY 22 FY 23 FY 24 Q4'25 Q4'25 (Pro-forma) 2

Appendix

29 RECONCILIATION OF OPERATING NET INCOME Q4 25 Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Net income (loss) available to SiriusPoint common shareholders $ 240.0 $ 86.8 $ 59.2 $ 57.6 $ (21.3) $ 4.5 $ 109.9 $ 90.8 $ 93.5 $ 57.5 $ 55.9 $ 131.9 $ (26.6) Non-recurring adjustments: Gains on sale or deconsolidation of consolidated MGAs (222.4) — — — — — (96.0) — — — — — — (Gains) losses on strategic and other investments 6.0 (1.1) — 0.5 34.3 3.4 52.9 (0.1) 15.4 17.2 3.7 3.9 25.7 MGA & Strategic Investment Rationalization (216.4) (1.1) — 0.5 34.3 3.4 (43.1) (0.1) 15.4 17.2 3.7 3.9 25.7 (Income) loss on settlement and change in fair value of liability- classified capital instruments (CMIG Merger Instruments) — — — — 25.9 117.3 (10.6) 15.9 15.0 0.3 19.1 25.0 11.5 COVID-19 favorable reserve development1 — — — — — (19.9) — — — — — — — CMIG Instruments & Transactions — — — — 25.9 97.4 (10.6) 15.9 15.0 0.3 19.1 25.0 11.5 (Income) expense related to loss portfolio transfers 7.2 7.7 6.6 5.9 28.9 1.9 5.8 8.0 2.1 4.5 (6.6) (101.6) — Bermuda corporate income tax enactment (13.0) — — — — — — — (100.8) — — — — Restructuring costs — — — — — — — — — — — — 30.0 Foreign exchange (gains) losses 8.3 2.4 16.7 (2.2) (12.9) 3.0 3.6 (3.7) 19.2 (1.8) 17.4 0.1 61.5 Other non-recurring items 6.5 (11.0) — — — — — — — — — — — Income tax (expense) benefit on adjustments2 53.2 0.4 (4.4) (0.8) (11.4) (15.9) (7.8) (3.0) (7.8) (3.0) (5.0) 10.9 (14.8) Operating net income available to SiriusPoint common shareholders $ 85.8 $ 85.2 $ 78.1 $ 61.0 $ 43.5 $ 94.3 $ 57.8 $ 107.9 $ 36.6 $ 74.7 $ 84.5 $ 70.2 $ 87.3 Notes: Metric referenced on slides 8, 18 and 19. [1] This development, primarily related to business written by legacy Third Point Reinsurance Ltd., is the result of the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024. [2] An effective tax rate of 15% for 2022 to 2024 and 19% for 2025 is applied to the adjustments to calculate the income tax (expense) benefit, where applicable. Periods may have a different effective tax rate based on the jurisdiction of specific transactions. APPENDIX 1

30 RECONCILIATION OF OPERATING EARNINGS PER SHARE Q4 25 Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Diluted earnings per share available to SiriusPoint common shareholders $ 1.97 $ 0.73 $ 0.50 $ 0.49 $ (0.13) $ 0.03 $ 0.57 $ 0.49 $ 0.50 $ 0.32 $ 0.31 $ 0.74 $ (0.17) Non-recurring adjustments: Gains on sale or deconsolidation of consolidated MGAs (1.83) — — — — — (0.54) — — — — — — (Gains) losses on strategic and other investments 0.05 (0.01) — — 0.21 0.02 0.30 — 0.09 0.10 0.02 0.02 0.16 MGA & Strategic Investment Rationalization (1.78) (0.01) — — 0.21 0.02 (0.24) — 0.09 0.10 0.02 0.02 0.16 (Income) loss on settlement and change in fair value of liability-classified capital instruments (CMIG Merger Instruments) — — — — 0.16 0.68 (0.06) 0.09 0.09 — 0.11 0.15 0.07 COVID-19 favorable reserve development1 — — — — — (0.12) — — — — — — — CMIG Instruments & Transactions — — — — 0.16 0.56 (0.06) 0.09 0.09 — 0.11 0.15 0.07 (Income) expense related to loss portfolio transfers 0.06 0.06 0.06 0.05 0.18 0.01 0.03 0.05 0.01 0.03 (0.04) (0.62) — Bermuda corporate income tax enactment (0.11) — — — — — — — (0.58) — — — — Restructuring costs — — — — — — — — — — — — 0.19 Foreign exchange (gains) losses 0.07 0.02 0.14 (0.02) (0.08) 0.02 0.02 (0.02) 0.11 (0.01) 0.10 — 0.38 Other non-recurring items 0.05 (0.09) — — — — — — — — — — — Income tax (expense) benefit on adjustments2 0.44 — (0.04) (0.01) (0.07) (0.09) (0.04) (0.02) (0.04) (0.02) (0.03) 0.07 (0.09) Effect of above adjustments allocated to participating shareholders — — — — — (0.02) 0.02 (0.01) 0.02 (0.01) (0.01) 0.03 — Operating diluted earnings per share available to SiriusPoint common shareholders $ 0.70 $ 0.72 $ 0.66 $ 0.52 $ 0.27 $ 0.53 $ 0.30 $ 0.58 $ 0.20 $ 0.41 $ 0.47 $ 0.40 $ 0.54 Notes: Metric referenced on slides 6, 18 and 19. [1] This development, primarily related to business written by legacy Third Point Reinsurance Ltd., is the result of the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024. [2] An effective tax rate of 15% for 2022 to 2024 and 19% for 2025 is applied to the adjustments to calculate the income tax (expense) benefit, where applicable. Periods may have a different effective tax rate based on the jurisdiction of specific transactions. APPENDIX 2

31 RECONCILIATION OF OPERATING RETURN ON EQUITY FY 25 FY 24 Net income available to SiriusPoint common shareholders $ 443.6 $ 183.9 Non-recurring adjustments: Gains on sale or deconsolidation of consolidated MGAs (222.4) (96.0) (Gains) losses on strategic and other investments 5.4 90.5 MGA & Strategic Investment Rationalization (217.0) (5.5) Losses on settlement and change in fair value of liability-classified capital instruments (CMIG Merger Instruments) — 148.5 COVID-19 favorable reserve development1 — (19.9) CMIG Instruments & Transactions — 128.6 (Income) expense related to loss portfolio transfers 27.4 44.6 Foreign exchange (gains) losses 25.2 (10.0) Other non-recurring items (4.5) — Income tax expense on adjustments 2 48.3 (38.1) Operating net income available to SiriusPoint common shareholders $ 310.0 $ 303.5 Operating net income per diluted common share $ 2.55 $ 1.71 Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period $ 1,737.4 $ 2,313.9 Less: Accumulated other comprehensive (income) loss, net of tax 4.1 (3.1) Common shareholders’ equity attributable to SiriusPoint common shareholders ex AOCI - beginning of period 1,741.5 2,310.8 Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period 2,269.8 1,737.4 Impact of adjustments from above (133.6) 119.6 Less: Accumulated other comprehensive (income) loss, net of tax (61.9) 4.1 Common shareholders’ equity attributable to SiriusPoint common shareholders ex AOCI - end of period 2,074.3 1,861.1 Average common shareholders’ equity attributable to SiriusPoint common shareholders ex AOCI $ 1,907.9 $ 2,086.0 Return on average common shareholders’ equity attributable to SiriusPoint common shareholders 22.1 % 9.1 % Operating return on average common shareholders’ equity attributable to SiriusPoint common shareholders ex AOCI 16.2 % 14.6 % Notes: Metric referenced on slides 6 and 8. [1] This development, primarily related to business written by legacy Third Point Reinsurance Ltd., is the result of the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024. [2] For the twelve months ended December 31, 2025 and 2024, an effective tax rate of 19% and 15%, respectively, is applied to the adjustments to calculate the income tax expense. Adjustments may have a different effective tax rate based on the jurisdiction of specific transactions. APPENDIX 3

$262m $204m $105m $102m Held Value <$5m Held Value $5-$10m Held Value $10-$20m Held Value >$20m Q4'22 Q4'23 Q4'24 Q4'25 32 STRATEGIC MGA INVESTMENTS Latest Rationalization Updates 2026e Net Service Fee Income >$30m Q4'25 Consolidated MGA Book Value $80m Non-Consolidated MGA Investments $ numbers in USD millions Core (Go-Forward) Q4'25 Change Service Revenue $43 13% Net Services Fee Income $4 45% Service Margin 9.1% +2.1 ppts APPENDIX 4 Notes: [1] Based on Last Twelve Months Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). 100% Equity Stake COMPLETED Q4'25 49% Equity Stake COMPLETED Q1'26 • Sale of 100% equity stake in consolidated MGA Armada for $250m completed in Q4'25 • Upon closing, SiriusPoint recognized a $222m pre-tax gain • Deal represents a 14x EBITDA multiple1 • Capacity extension agreed until the end of 2030 on existing economic terms, reiterating strategy of partnering with high-quality MGAs without need to take an equity stake • Sale of 49% equity stake in Arcadian for $140m total consideration completed in Q1'26 • Upon closing, SiriusPoint recognized a $25m pre- and post- tax gain which will appear in Q1'26 financials ◦ This gain is on top of the $96m gain recognized in Q2'24 when Arcadian was deconsolidated • Capacity extension agreed until the end of 2031 on existing economic terms Consolidated MGA Investments

33 ABBREVIATION GLOSSARY APPENDIX 5 Abbreviation Definition Abbreviation Definition A&H Accident & Health MBS Mortgage Backed Security ABS Asset Backed Security MGA Managing General Agent Acq Acquisition NEP Net Earned Premium AOCI Accumulated Other Comprehensive Income NII Net Investment Income BVPS Book Value Per Share NWP Net Written Premium BSCR Bermuda Solvency Capital Ratio OUE Other Underwriting Expense CLO Collateralized Loan Obligation P&C Property & Casualty COR Combined Ratio PPT Point EBITDA Earnings Before Interest, Taxes, Depreciation, and Amortization Pref Series B Preference Shares EPS Earnings Per Share PYD Prior Year Development FSR Financial Strength Rating ROE Return on Equity FY Full Year SME Small and Medium Enterprise GAAP Generally Accepted Accounting Principles STI Short-term Investment GWP Gross Written Premium TPE Third Point Enhanced Fund HoldCo Holding Company TSR Total Shareholder Return IG Investment Grade UW Underwriting IMG International Medical Group XL Excess of Loss LPT Loss Portfolio Transfer YoY Year over Year

investors.siriuspt.com

Source: View Original Filing on SEC EDGAR

FAQ

How did SiriusPoint (SPNT) perform financially in the fourth quarter of 2025?

SiriusPoint reported strong fourth-quarter 2025 results with net income available to common shareholders of $240 million, or $1.97 per diluted share. Operating earnings per share were $0.70, and the annualized return on equity reached 44.9%, supported by a 90.0% combined ratio.

What were SiriusPoint (SPNT) full-year 2025 earnings and returns?

For full-year 2025, SiriusPoint generated net income available to common shareholders of $443.6 million, or $3.64 per diluted share. Operating earnings per share rose 49% to $2.55, delivering a 22.1% return on equity and a 16.2% operating return on equity for the year.

How did SiriusPoint’s underwriting and premiums evolve in 2025?

In 2025, SiriusPoint’s gross written premium increased 16.1% to $3,688.5 million, driven mainly by Insurance & Services growth. The Core combined ratio was 91.7%, while the overall combined ratio was 88.3%, signaling profitable underwriting alongside expanding premium volume.

What capital actions did SiriusPoint (SPNT) announce with these results?

SiriusPoint plans to repurchase $100 million of common shares over the next 12 months and redeem all 8,000,000 outstanding 8.0% Series B preference shares on February 26, 2026. After redemption, the leverage ratio is expected to be about 23%, with capital above target levels.

How did SiriusPoint’s book value per share change in 2025?

Book value per common share increased to $19.40 at December 31, 2025, from $14.92 a year earlier. Book value per diluted common share excluding AOCI rose to $18.10, up $3.46 or 23.6%, reflecting retained earnings growth and stronger underlying financial performance.

What strategic transactions did SiriusPoint (SPNT) undertake around year-end 2025?

SiriusPoint agreed to sell its 49% stake in Arcadian for $140.4 million, expecting a roughly $25 million pre-tax gain in first quarter 2026. It also agreed to acquire Assist America for about $42.5 million and purchase the World Nomads travel insurance business to expand assistance revenues.

Filing Exhibits & Attachments

7 documents

SiriusPoint (SPNT) jumps to $444M 2025 profit, plans $100M buyback

Rhea-AI Filing Summary

Positive

Negative

Insights

FAQ

How did SiriusPoint (SPNT) perform financially in the fourth quarter of 2025?

What were SiriusPoint (SPNT) full-year 2025 earnings and returns?

How did SiriusPoint’s underwriting and premiums evolve in 2025?

What capital actions did SiriusPoint (SPNT) announce with these results?

How did SiriusPoint’s book value per share change in 2025?

What strategic transactions did SiriusPoint (SPNT) undertake around year-end 2025?

Filing Exhibits & Attachments

Press Releases

Other Documents

NYSE:SPNT

SPNT Rankings

SPNT Latest News

SPNT Latest SEC Filings

SPNT Stock Data

Trending News

SiriusPoint (SPNT) jumps to $444M 2025 profit, plans $100M buyback

Rhea-AI Filing Summary

Positive

Negative

Insights

Insurance sector equity analyst positive

FAQ

How did SiriusPoint (SPNT) perform financially in the fourth quarter of 2025?

What were SiriusPoint (SPNT) full-year 2025 earnings and returns?

How did SiriusPoint’s underwriting and premiums evolve in 2025?

What capital actions did SiriusPoint (SPNT) announce with these results?

How did SiriusPoint’s book value per share change in 2025?

What strategic transactions did SiriusPoint (SPNT) undertake around year-end 2025?

Filing Exhibits & Attachments

Press Releases

Other Documents

NYSE:SPNT

SPNT Rankings

SPNT Latest News

SPNT Latest SEC Filings

SPNT Stock Data