What is SiriusPoint's property catastrophe — year 2?

SiriusPoint (SPNT) reported property catastrophe — year 2 of 40.8% in Q4 2025.

What does property catastrophe — year 2 mean?

Represents the loss development or reserve status for the property catastrophe segment during the second year following the inception of the underwriting period. This metric helps in tracking the maturation of claims and the adjustment of reserves as more information becomes available. It is essential for understanding the mid-term performance of the segment's underwriting.

SiriusPoint SPNT Property Catastrophe — Year 2

Other product segments

Property Other

72.1%+3.9%

Other Specialties

44.2%-0.7%

Other

34.6%+1.2%

A&H

30.4%+0.7%

Casualty

25.9%-9.1%

Similar metrics at other companies

ACGLProperty catastrophe — Year Two

110.1%-58.3pp

ACGLProperty excluding property catastrophe — Year Two

37%+0.8pp

AFGProperty and casualty insurance — Year 2

31.6%+0.3pp

ACGLProperty catastrophe — Year One

-62.4%-21.7pp

ACGLProperty excluding property catastrophe — Year Three

14.5%-0.2pp

ACGLProperty catastrophe — Year Six

17.4%+8.3pp

Other financials

Income statement

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Revenue$774.6M+6.5%

Net income$102.2M+65.9%

EPS (diluted)$0.82+67.3%

Balance sheet

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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

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Operating cash flow$141.9M+260%

Valuation

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Market cap$2.78B+25.6%

Enterprise value$2.47B+25.1%

P/E5.6×-6.5×

P/S0.9×0.0×

Profitability

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Net margin15.4%+8.4pp

Returns & leverage

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 property catastrophe — year 2?: SiriusPoint (SPNT) reported property catastrophe — year 2 of 40.8% in Q4 2025.
What does property catastrophe — year 2 mean?: Represents the loss development or reserve status for the property catastrophe segment during the second year following the inception of the underwriting period. This metric helps in tracking the maturation of claims and the adjustment of reserves as more information becomes available. It is essential for understanding the mid-term performance of the segment's underwriting.