Earnings ·
Reports Q3 EPS of $0.74 and agrees to LPT with RiverStone for remaining run-off reserves
SPNTSiriusPoint Ltd
SiriusPoint reported third-quarter net income available to common shareholders of $87 million, or $0.74 per diluted share, driven by a 19% increase in operating EPS to $0.88 and a core combined ratio of 90.1%. The company also entered into a loss portfolio transfer agreement with RiverStone covering substantially all remaining run-off reserves, subject to regulatory approval. This transaction is expected to unlock over $200 million in capital currently supporting the legacy book. SiriusPoint operates as a global specialty underwriter of insurance and reinsurance.