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SiriusPoint SPNT Property Catastrophe — Loss and loss adjustment expenses recoverable, net

Other product segments

Casualty
$565.2M+9.5%
Other Specialties
$389.4M+22.6%
Property Other
$71.7M-32.4%
A&H
$71.4M+12.8%

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THGMichigan Catastrophic Claims Association — Reinsurance Recoverables
$829.2M-4.7%
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CIAPermanent — Less: Reinsurance recoverable
$9.41M+136%
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AFLAccident — Less: reinsurance recoverable
$0
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AFLCancer — Less: reinsurance recoverable
$3.92B-24.3%

Other financials

Income statement

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Revenue$744.1M-0.5%
Net income$68.6M+8.5%
EPS (diluted)$0.58+16.0%

Balance sheet

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Cash & equivalents$745.9M-19.2%
Total debt$700.9M-0.8%
Total equity$2.3B+8.1%
Total assets$12.7B+2.4%

Cash flow

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Operating cash flow$141.9M+260%

Valuation

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Market cap$2.75B+26.9%
Enterprise value$2.7B+38.7%
P/E5.4×-10.8×
P/S0.9×0.0×

Profitability

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Net margin15.6%+10.5pp

Returns & leverage

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Return on equity23.1%+17.5pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by SiriusPoint in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverablesOnPaidAndUnpaidLosses.

The source filing: SiriusPoint’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 5:12 PM EST
Fiscal year
FY2025
Accession
0001576018-26-000032
Line itemDecember 31, 2025December 31, 2024
Insurance and reinsurance balances receivable, net2,260.32,054.4
Deferred acquisition costs, net384.1327.5
Unearned premiums ceded487.4463.9
Loss and loss adjustment expenses recoverable, net2,102.32,315.3
Deferred tax asset267.7297.0
Intangible assets121.2140.8
Other assets272.1270.7
Assets held for sale115.2

Item 16 10-K Summary

FAQ

What is SiriusPoint's property catastrophe — loss and loss adjustment expenses recoverable, net?
SiriusPoint (SPNT) reported property catastrophe — loss and loss adjustment expenses recoverable, net of $68.7M in Q4 2025.
What does property catastrophe — loss and loss adjustment expenses recoverable, net mean?
Represents the net amount of losses and loss adjustment expenses that the company expects to recover from reinsurers for the property catastrophe segment. This metric indicates the extent to which the company has successfully transferred risk to third-party reinsurers. It is a vital measure of credit risk and the effectiveness of the company's reinsurance protection strategy.

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