Slide 1: Q3 2025 Investor Presentation
Q3 2025 INVESTOR PRESENTATION October 30, 2025 NYSE: SPNT
Slide 2: Basis of Presentation and Non-GAAP Financial Measures
Basis of Presentation and Non-GAAP Financial Measures: Unless the context otherwise indicates or requires, as used in this presentation references to “we,” “our,” “us,” the “Company,” and "SiriusPoint" refer to SiriusPoint Ltd. and its directly and indirectly owned subsidiaries, as a combined entity
Slide 3: Agenda
AGENDA 3 Highlights & Strategic Update Scott Egan, Group CEO Third Quarter & Nine Months Results Update Jim McKinney, Group CFO Q&A
Slide 4: Highlights & Strategic Update
Highlights & Strategic Update
Slide 5: SiriusPoint Overview
5 SIRIUSPOINT OVERVIEW Notes: Pie Chart represents Trailing Twelve Months Gross Premiums Written. [1] Gross Premiums Written on a Trailing Twelve Months basis. [2] Represents total shareholders' equity plus debt capital. [3] SiriusPoint Group Bermuda Solvency Capital Ratio calculated as available ec
Slide 6: Another Quarter of Strong Earnings & Profitable Growth
6 ANOTHER QUARTER OF STRONG EARNINGS & PROFITABLE GROWTH Notes: [1] Reflects Core segment. [2] Operating Diluted Earnings Per Share is a non-GAAP measure. See page 2 for further details and Appendix 2 on slide 29 for a reconciliation. [3] Book Value Per Diluted Common Share excluding accumulated oth
Slide 7: Reshaped Platform Enabling Profitable Growth
7 RESHAPED PLATFORM ENABLING PROFITABLE GROWTH Notes: [1] Total Shareholder return calculated from September 21, 2022, when the management changes occured. 2025 figure calculated until October 29, 2025. [2] For Core business as demonstrated on slide 18. [3] On continuing lines business within our Co
Slide 8: Track Record of Attractive Earnings and Value Creation
$11.59 $12.41 $12.63 $12.91 $13.33 $13.74 $14.47 $14.25 $14.64 $15.15 $15.64 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 $87.3 $70.2 $84.5 $74.7 $36.6 $107.9 $57.8 $94.3 $43.5 $61.0 $78.1 $85.2 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 8 TRAC
Slide 9: Progress Towards Our Aim of Best-in-Class Underwriting
90.1% 89.1% 94.2% 92.2% 91.7% 92.1% 89.2% 90.2% 90.2% 90.5% 91.3% 93.7% 96.2% 95.9% 97.5% 97.9% 103.9% 101.6% 101.3% 99.4% 93.9% 93.7% 92.4% 93.0% 92.0% 91.3% 92.2% 91.1% 91.1% Peer Average SiriusPoint Core (ex. LPT Benefit) Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1
Slide 10: Portfolio Managed to Deliver a Low Volatility Profile
Combined Ratio Volatility1 10 PORTFOLIO MANAGED TO DELIVER A LOW VOLATILITY PROFILE Notes: [1] Combined ratio volatility measured as the standard deviation in quarterly combined ratios for the last eight quarters (ie. two years) as at Q2'25. SiriusPoint combined ratio is for Core segment and exclude
Slide 11: Strong Growth Whilst Retaining Underwriting Discipline
11 STRONG GROWTH WHILST RETAINING UNDERWRITING DISCIPLINE Notes: [1] Reflects Core continuing lines premium for 2023 and 2024 which excludes business exited in 2022 and 2023. 32% 7% 4% 7% (7)% 22% 10% 21% 12% 10% 26% 19% 12% 7% 3% 4% 7% 5% 15% 21% 17% 18% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4
Slide 12: Thoughtful and Profitable Approach to Growth in Q3
12 THOUGHTFUL AND PROFITABLE APPROACH TO GROWTH IN Q3 Notes: [1] Reflects Core business. Key SummaryGross Written Premium Walk1 690.5 82.9 18.6 25.5 26.0 15.2 12.9 871.6 Q3'24 GWP Accident & Health Surety UK Residential & SME (Property) Arcadian (General Liability & Property) Environmental Other Q3'
Slide 13: Well Established and Seasoned MGA Relationships
9% 44% 47% 13 WELL ESTABLISHED AND SEASONED MGA RELATIONSHIPS Notes: [1] Represents Gross Written Premiums for Core segment. [2] On a trailing twelve month basis as at 09/30/25. [3] Refers to P&C MGA partners. MGA Gross Premiums Written by Relationship Length1 Key Messages MGA Premium Mix by Relatio
Slide 14: SiriusPoint Forward Outlook
14 SIRIUSPOINT FORWARD OUTLOOK Seasoned management team with demonstrable track record of execution Undervalued balance sheet with significant potential upside from MGAs1 Reshaped platform with renewed focus towards untapped opportunities Agile capital allocator with proven ability to move and optim
Slide 15: Third Quarter and Nine Months Results Update
Third Quarter and Nine Months Results Update
Slide 16: Q3 2025 Financial Results
Financial Highlights $ numbers in USD millions Q3'24 Q3'25 Gross Premiums Written $691 $872 Net Premiums Written $504 $665 COR (%) 88.5% 89.1% UW Income $63 $70 Net Services Fee Income $7 $10 Total Investment Result2 $93 $73 Operating Net Income3 $94 $85 Operating Earnings Per Share4 $0.51 $0.72 Q2'
Slide 17: Nine Months 2025 Financial Results
Financial Highlights $ numbers in USD millions 9M'24 9M'25 Gross Premiums Written $2,414 $2,792 Net Premiums Written $1,781 $2,117 COR (%) 91.1% 91.4% UW Income $144 $166 Net Services Fee Income $36 $38 Total Investment Result2 $196 $213 Operating Net Income3 $260 $224 Operating Earnings Per Share4
Slide 18: 1.8 Points of Combined Ratio Earnings Quality Improvement
1.8 POINTS OF COMBINED RATIO EARNINGS QUALITY IMPROVEMENT 18 Attritional Loss Ratio (Loss ratio excluding catastrophe losses and prior year development) OUE Ratio3 Notes: [1] Reflects Core business. [2] Total expense ratio calculated as the sum of acquisition cost ratio and other underwriting expens
Slide 19: Insurance & Services Segment
$376 $562 Q3'24 Q3'25 $1,391 $1,758 9M'24 9M'25 19 INSURANCE & SERVICES SEGMENT Notes: [1] Year to date. [2] Combined ratio excluding catastrophe losses and prior year development. Gross Premiums Written Combined Ratio Key Messages 61.4% 59.1% 64.3% 59.3% 23.8% 25.8% 24.7% 26.1% 7.2% 5.2% 6.6% 5.7%
Slide 20: Reinsurance Segment
20 REINSURANCE SEGMENT Notes: [1] Year to date. [2] Combined ratio excluding catastrophe losses and prior year development. Gross Premiums Written Combined Ratio Key Messages 51.1% 55.5% 52.1% 60.0% 25.9% 24.7% 26.5% 24.4% 7.6% 7.7% 7.7% 7.3% 84.6% 87.9% 86.3% 91.7% OUE Ratio Acq. Cost Ratio Loss Ra
Slide 21: Reduction in Volatility Versus Peers
15.7% 7.9% 6.4% 4.6% 4.5% 4.3% 4.1% 3.5% 3.2% 2.7% 2.6% 1.9% 1.4% 0.6% 0.5% Company A Company H Company J Company C Company G Company I Company F Company D Company B Company E Company L Company K Company M SiriusPoint Company N 11.0% 7.4% 6.0% 5.2% 4.2% 3.5% 3.1% 3.1% 1.3% 0.9% Company A Company B C
Slide 22: Reserving Prudence Demonstrated by PYD Track Record
22 RESERVING PRUDENCE DEMONSTRATED BY PYD TRACK RECORD Notes: [1] Reflects consolidated results. [2] Q1'23 favorable prior year development excludes the one-off $102m benefit from the loss portfolio transfer. Favorable Prior Year Development1,2 $4.1 $3.8 $33.0 $24.7 $11.1 $38.9 $1.1 $30.6 $37.3 $34.
Slide 23: High Quality Investment Portfolio
13% 45% 25% 16% 1% $235 $206 9M'24 9M'25 FY 25 Guidance HIGH QUALITY INVESTMENT PORTFOLIO 23 $ numbers in USD millions Key Comments Notes: [1] FY 25 NII guidance based on internal modeling. [2] Third Point Enhanced Fund. [3] Other includes Strategic Investments, TP Ventures and Legacy & Other Alts.
Slide 24: Strong and Diversified Capital Base
223% 8% (5)% 226% (19)% 207% Q2'25 Capital Generated Capital Required Q3'25E Stress-Test Scenario Post-event Q3'25E 24 Notes: [1] SiriusPoint Group BSCR ratio calculated as available economic capital and surplus divided by the Bermuda solvency capital requirement as of June 30, 2025 and September 30
Slide 25: Secure Balance Sheet
27.2% 23.8% 24.8% 23.6% 23.5% 34.2% 29.7% 32.5% 30.5% 23.5% Debt / Capital Debt + Preferred / Capital FY 22 FY 23 FY 24 Q3'25 Q3'25 (Pro-forma) 25 Notes: [1] Debt / Capital Ratio calculated as debt divided by total capital. Debt + Preferred / Capital calculated as debt plus preference shares divided
Slide 26: Thank You
Thank You investors.siriuspt.com
Slide 27: SiriusPoint logo
sirius POINT
Slide 28: Reconciliation of Operating Net Income
28 RECONCILIATION OF OPERATING NET INCOME Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Net income (loss) available to SiriusPoint common shareholders $ 86.8 $ 59.2 $ 57.6 $ (21.3) $ 4.5 $ 109.9 $ 90.8 $ 93.5 $ 57.5 $ 55.9 $ 131.9 $ (26.6) Non-recurring adjustments: Gains o
Slide 29: Reconciliation of Operating Earnings Per Share
29 RECONCILIATION OF OPERATING EARNINGS PER SHARE Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Diluted earnings per share available to SiriusPoint common shareholders $ 0.73 $ 0.50 $ 0.49 $ (0.13) $ 0.03 $ 0.57 $ 0.49 $ 0.50 $ 0.32 $ 0.31 $ 0.74 $ (0.17) Non-recurring adju
Slide 30: Reconciliation of Operating Return on Equity
30 RECONCILIATION OF OPERATING RETURN ON EQUITY 9M'25 9M'24 Net income available to SiriusPoint common shareholders $ 203.6 $ 205.2 Non-recurring adjustments: Gains on sale or deconsolidation of consolidated MGAs — (96.0) (Gains) losses on strategic and other investments (0.6) 56.2 MGA & Strategic I
Slide 31: Strategic MGA Investments
$262m $204m $105m $107m Held Value <$5m Held Value $5-$10m Held Value $10-$20m Held Value >$20m Q4'22 Q4'23 Q4'24 Q3'25 31 STRATEGIC MGA INVESTMENTS Latest Rationalization Updates Net Service Fee Income2 $48m Q3'25 Consolidated MGA Book Value $91m Non-Consolidated MGA Investments $ numbers in USD mi