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SiriusPoint SPNT Insurance & Services — Prior year loss reserve development
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Where this comes from
Reported directly by SiriusPoint in its filing.
Tagged under the XBRL concept us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.
The source filing: SiriusPoint’s 10-Q, filed July 29, 2026.
- Filed
- Jul 29, 2026, 4:15 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001576018-26-000085
| Line item | Insurance & Services | Reinsurance | Core | Eliminations (2) | Corporate | Segment Measure Reclass | Total |
|---|---|---|---|---|---|---|---|
| Net income available to SiriusPoint | $64.9 | $(7.3) | $11.0 | — | $68.6 | ||
| Attritional losses | $231.3 | $140.7 | $372.0 | $(1.8) | $1.7 | — | $371.9 |
| Catastrophe losses | 1.3 | — | 1.3 | — | — | — | 1.3 |
| Prior year loss reserve development | (16.1) | (0.6) | (16.7) | — | 1.7 | — | (15.0) |
| Loss and loss adjustment expenses incurred, net | $216.5 | $140.1 | $356.6 | $(1.8) | $3.4 | — | $358.2 |
| Underwriting Ratios: (1) | |||||||
| Attritional loss ratio | 60.6% | 54.7% | 58.2% | 58.0% | |||
| Catastrophe loss ratio | 0.3% | — | 0.2% | 0.2% |
ITEM 1. Financial Statements
FAQ
- What is SiriusPoint's insurance & services — prior year loss reserve development?
- SiriusPoint (SPNT) reported insurance & services — prior year loss reserve development of -$16.1M in Q2 2026.
- How has SiriusPoint's insurance & services — prior year loss reserve development changed year-over-year?
- SiriusPoint's insurance & services — prior year loss reserve development decreased by 66.0% year-over-year, from -$9.7M to -$16.1M.
- What is the long-term trend for SiriusPoint's insurance & services — prior year loss reserve development?
- Over 4 years (2021 to 2025), SiriusPoint's insurance & services — prior year loss reserve development has grown at a 24.2% compound annual growth rate (CAGR), from -$13.5M to -$32.1M.
- What does insurance & services — prior year loss reserve development mean?
- Measures the change in estimated liabilities for claims that occurred in previous reporting periods as they are settled or re-evaluated. Favorable development indicates that initial reserves were conservative, while adverse development suggests that prior claims were underestimated.
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