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SiriusPoint SPNT Reinsurance — Combined Ratio

Other segment segments

Insurance & Services
90.7%+1.6%

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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:CombinedRatio.

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 itemInsurance & ServicesReinsuranceCoreEliminations (2)CorporateSegment Measure ReclassTotal
Underwriting Ratios: (1)
Attritional loss ratio60.6%54.7%58.2%58.0%
Catastrophe loss ratio0.3%0.2%0.2%
Prior year loss development ratio(4.2)%(0.2)%(2.6)%(2.3)%
Loss ratio56.7%54.5%55.8%55.9%
Acquisition cost ratio27.3%29.4%28.2%24.5%
Other underwriting expenses ratio6.7%8.4%7.4%8.1%
Combined ratio90.7%92.3%91.4%88.5%

ITEM 1. Financial Statements

FAQ

What is SiriusPoint's reinsurance — combined ratio?
SiriusPoint (SPNT) reported reinsurance — combined ratio of 92.3% in Q2 2026.
How has SiriusPoint's reinsurance — combined ratio changed year-over-year?
SiriusPoint's reinsurance — combined ratio increased by 2.8% year-over-year, from 89.8% to 92.3%.
What is the long-term trend for SiriusPoint's reinsurance — combined ratio?
Over 2 years (2023 to 2025), SiriusPoint's reinsurance — combined ratio has grown at a 8.2% compound annual growth rate (CAGR), from 234.8% to 274.9%.
What does reinsurance — combined ratio mean?
The sum of the loss ratio, acquisition cost ratio, and other underwriting expense ratio, representing the total cost of underwriting relative to premiums earned. A ratio below 100% indicates an underwriting profit, while a ratio above 100% indicates an underwriting loss.

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