SiriusPoint SPNT Casualty — IBNR loss and ALAE reserves, net

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Similar metrics at other companies

WRBCasualty — Short-duration insurance contracts, incurred but not reported (IBNR) claims liability, net

$395.24M+3.3%

KNSLCasualty - occurrence — Total of IBNR liabilities plus expected development on reported claims

$559.62M+18.7%

KNSLCasualty - claims made — Total of IBNR liabilities plus expected development on reported claims

$122.57M+18.0%

WRBCasualty — Short-Duration Insurance Contracts, Liability for Unpaid Claims and Allocated Claim Adjustment Expense, Net

$2.26B+4.3%

ACGLCasualty — Liabilities for losses and loss adjustment expenses, net of reinsurance

378,500,000,000%+75,900,000,000pp

ACGLCasualty — Total of IBNR liabilities plus expected development on reported claims

92,800,000,000%+24,800,000,000pp

Questions, answered.

What is SiriusPoint's casualty — IBNR loss and ALAE reserves, net?

SiriusPoint (SPNT) reported casualty — IBNR loss and ALAE reserves, net of 142,870,000,000% in Q4 2025.

How has SiriusPoint's casualty — IBNR loss and ALAE reserves, net changed year-over-year?

SiriusPoint's casualty — IBNR loss and ALAE reserves, net increased by 98.6% year-over-year, from 71,940,000,000% to 142,870,000,000%.

What does casualty — IBNR loss and ALAE reserves, net mean?

This represents the net reserves set aside for losses that have occurred but have not yet been reported to the company, including associated loss adjustment expenses. It is a critical actuarial estimate used to ensure the company maintains sufficient capital to cover future claim obligations in the casualty segment. Higher levels indicate a more conservative approach to potential long-tail liability risks.