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

SiriusPoint (SPNT) reported other — IBNR loss and ALAE reserves, net of 0% in Q4 2025.

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

This represents the net reserves set aside for losses that have been incurred but not yet reported (IBNR), including allocated loss adjustment expenses for the 'Other' product line. It is a critical measure of the company's actuarial prudence and long-term liability management. Significant changes in these reserves can indicate shifts in the expected severity or frequency of claims for this segment.

SiriusPoint SPNT Other — IBNR loss and ALAE reserves, net

Other product segments

Casualty

142,870,000,000%+98.6%

Other Specialties

33,560,000,000%+32.9%

A&H

31,920,000,000%+29.7%

Property Other

17,740,000,000%+24.7%

Property Catastrophe

9,590,000,000%-25.5%

Similar metrics at other companies

CNACorporate & Other — Net IBNR Reserves

$238M-11.2%

CNAOther — Total net liability for unpaid claim and claim adjustment expenses

$68M+41.7%

CNASpecialty — Net IBNR Reserves

$4.39B+2.5%

CNAInternational — Net IBNR Reserves

$1.96B+17.1%

HIGGeneral Liability — IBNR Reserves

$1.63B+19.0%

HIGProfessional liability — IBNR Reserves

$366M+8.6%

Other financials

Income statement

See full

Revenue$774.6M+6.5%

Net income$102.2M+65.9%

EPS (diluted)$0.82+67.3%

Balance sheet

See full

Cash & equivalents$1.0B+9.2%

Total debt$702.9M+2.2%

Total equity$2.3B+13.7%

Total assets$12.5B+1.6%

Cash flow

See full

Operating cash flow$141.9M+260%

Valuation

See full

Market cap$2.78B+25.6%

Enterprise value$2.47B+25.1%

P/E5.6×-6.5×

P/S0.9×0.0×

Profitability

See full

Net margin15.4%+8.4pp

Returns & leverage

See full

Return on equity23.1%+15.2pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by SiriusPoint in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet.

The official record: SiriusPoint’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SiriusPoint's other — IBNR loss and ALAE reserves, net?: SiriusPoint (SPNT) reported other — IBNR loss and ALAE reserves, net of 0% in Q4 2025.
What does other — IBNR loss and ALAE reserves, net mean?: This represents the net reserves set aside for losses that have been incurred but not yet reported (IBNR), including allocated loss adjustment expenses for the 'Other' product line. It is a critical measure of the company's actuarial prudence and long-term liability management. Significant changes in these reserves can indicate shifts in the expected severity or frequency of claims for this segment.