What is SiriusPoint's property catastrophe — year 3?

SiriusPoint (SPNT) reported property catastrophe — year 3 of 44.1% in Q4 2025.

What does property catastrophe — year 3 mean?

Represents the loss development or reserve status for the property catastrophe segment during the third year following the inception of the underwriting period. This metric provides a more mature view of claim settlement patterns and reserve adequacy. It is used to validate the long-term accuracy of initial actuarial assumptions for the portfolio.

SiriusPoint SPNT Property Catastrophe — Year 3

Other product segments

Other Specialties

56.1%+113%

Property Other

41.4%+40.8%

Casualty

23.4%+5.9%

Other

15.8%-0.6%

A&H

6.5%+3.2%

Similar metrics at other companies

ACGLProperty catastrophe — Year Three

-23.8%+1.5pp

ACGLProperty excluding property catastrophe — Year Three

14.5%-0.2pp

AFGProperty and casualty insurance — Year 3

15.2%-0.2pp

EGProperty Insurance — Year three

24.2%+1.7pp

HIGProperty Insurance — 3rd Year

9.4%-0.1pp

ACGLProperty catastrophe — Year Four

138.8%-75.1pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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

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What is SiriusPoint's property catastrophe — year 3?: SiriusPoint (SPNT) reported property catastrophe — year 3 of 44.1% in Q4 2025.
What does property catastrophe — year 3 mean?: Represents the loss development or reserve status for the property catastrophe segment during the third year following the inception of the underwriting period. This metric provides a more mature view of claim settlement patterns and reserve adequacy. It is used to validate the long-term accuracy of initial actuarial assumptions for the portfolio.