SiriusPoint reported second-quarter 2026 results with a combined ratio of 91.4% and underwriting income of $55 million, while management reiterated its across-the-cycle return on equity target of 12% to 15% and said it remains on track for a full-year other underwriting expense ratio of approximately 7%. Core gross written premium increased 6% to $982 million, with Insurance and Services gross written premium growing 15% and reinsurance premium declining 9% as the company pulls back from aviation, property catastrophe, and certain casualty segments. Operating net income was $79 million, or $0.67 per diluted share, and diluted book value per share excluding accumulated other comprehensive income rose $0.50 to $19.48. The company repurchased $95 million of common shares year-to-date, bringing total capital return to shareholders in 2026 to $295 million including a preference share redemption, with $79 million remaining under its authorization. Management noted that a shift toward longer-duration lines reduced earned premium recognized in the quarter by approximately 10%, or $31 million, describing it as a timing impact that will extend throughout 2026 and benefit early 2027.
Siriuspoint LtdSiriusPoint reported strong Q2 results with combined ratio of 91.4%, underwriting income of $55M, and reiterated ROE target of 12-15%.