Slide 1: CM Bermuda Investor Agreement
Exhibit 99.2 CM Bermuda Investor Agreement December 30, 2024
Slide 2: Disclaimer
Disclaimer 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 directly and indirectly owned subsidiaries, as a combined entity, e
Slide 3: A Big Step Forward in Repositioning SiriusPoint
A Big Step Forward in Repositioning SiriusPoint Our three strategic priorities have been clear: Focus on Profitability Simplify the Business Reduce Volatility and ROE 2 • Today’s agreement marks a significant milestone against these priorities : 1 o We announced a simplification of our Corporate Gov
Slide 4: CM Bermuda Agreement Summary
CM Bermuda Agreement Summary 1 Key Takeaways • Full repurchase of all CM Bermuda common shares and outstanding warrants for $733m agreed Buyback agreed for • 45.7m shares repurchased at $14.25, represents a 6% 2 45.7m outstanding shares discount to 30-day VWAP (28.2% of shares outstanding) • 21.0m w
Slide 5: Transaction Economics
Transaction Economics Q3’24 Q3’24 • The effect of the agreement is forecast to be Pro-forma accretive to EPS, ROE and BVPS • EPS accretion greater than 20% BVPS $15.41 $15.67 Diluted BVPS $14.73 $15.32 • ROE accretion greater than 200 bps • Q3 diluted BVPS increases by 4% 1 Shareholders’ Equity $2,4
Slide 6: Financial Impacts
Financial Impacts Debt-to-Capital BSCR Capitalization 284% 27.3% 265% 261% 25.8% 255% 25.4% 25.3% 24.6% 238% 237% 23.8% 22.8% 219% 217% 218% 19.7% 194% 19.3% Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q3'24 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q3'24 Pro-forma Pro-forma • BSCR r
Slide 7: Appendix
Appendix For information purposes only 7
Slide 8: Decisive Actions Across "Three Priorities"
Appendix 1 Decisive Actions Across “Three Priorities” What we said we would do: What we have done: Fully integrated “One SiriusPoint” with significant improvement on employee engagement metrics Ongoing rationalization of MGA equity stakes down to 22 from 36 Simplify the Business Deconsolidation of A
Slide 9: Track Record of Delivery against Strategic Priorities
Appendix 1 Track Record of Delivery against Strategic Priorities (numbers in USD millions, except per share data) 1,2 1,2 Core Combined Ratio (ex. LPT) Favorable Prior Year Development Eight consecutive quarters of profitable underwriting performance Reserving prudence demonstrated by track record o
Slide 10: Shareholder Timeline
Appendix 2 Shareholder Timeline 1 1 CMIG CMIG Shares Potential 2 2,3 O/S Shares O/S SiriusPoint notified that shares beneficially owned by CM Bermuda were December 2023 pledged against a loan in a private receivership of its parent, CMIG 33% 44% International Holding Pte Ltd SiriusPoint repurchases