Siriuspoint Ltd. · NYSE:SPNT
Siriuspoint — Q3 2021 Earnings Presentation
20 slides from Siriuspoint's earnings presentation, Nov 3, 2021
Slide 1: Q3 Investor Presentation
September 30 2021 siriuspt.com Q3: INVESTOR PRESENTATION 1
Slide 2: Disclaimer: Forward-Looking Statements
2 DISCLAIMER Forward‐ Looking Statements We make statements in this presentation that are “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions you that the forward‐looking information presented in this press release is not a gu
Slide 3: Contents
CONTENTS 3 4 SIRIUSPOINT: A STRONG GLOBAL REINSURER 5 SIRIUSPOINT CREATION : THE MERGER OF THIRD POINT RE AND SIRIUS INTERNATIONAL INSURANCE GROUP 6-7 EXECUTIVE LEADERSHIP TEAM AND UNDERWRITING SEGMENT LEADERS 15 INSURANCE AND SERVICES 9-10 OUR MISSION, PURPOSE AND VALUES 11 OVERVIEW OF SIRIUSPOINT:
Slide 4: SiriusPoint: A Strong Global Reinsurer
With more than $3 billion total capital, we are a fast‐moving, responsive partner, that combines best‐in‐class underwriting and risk management with pioneering ideas. Our proven management team brings diversity of thought and experience to our business, with a focus on underwriting profitability
Slide 5: Proven Board with a Focus on Sound Governance
PROVEN BOARD WITH A FOCUS ON SOUND GOVERNANCE 5 The SiriusPoint Board is comprised of individuals with deep industry and business experience, including two new appointments which were announced upon the closing of the merger. More than a majority of the SiriusPoint directors are "independent" un
Slide 6: Executive Leadership Team
EXECUTIVE LEADERSHIP TEAM Monica Cramér Manhem President, International Reinsurance Vievette Henry Chief People Officer Prashanth Gangu Chief Operating Officer and President, Insurance and Services 6
Slide 7: Underwriting Leaders
UNDERWRITING LEADERS Nick Campbell i Stuart Liddell Tim Mardon Glob; ® Global Sirius
Slide 8: SiriusPoint Approach: Creation and Merger
SIRIUSPOINT APPROACH Third Point Reinsurance Ltd.’s (“TPRe”) merger with Sirius International Insurance Group, Ltd. (“Sirius”) in February 2021, created a diversified company with an attractive business profile backed by a strong balance sheet Transformational transaction which has created a glo
Slide 9: SiriusPoint Mission, Purpose
SIRIUSPOINT MISSION, PURPOSE… 9 Mission It is our mission to be an exceptionally innovative partner, combining data and creative thinking to underwrite risks with skill and discipline, building a sustainable business for all. Purpose Our purpose is to help our customers and communities grow and thri
Slide 10: SiriusPoint Values
SIRIUSPOINT VALUES Be Yourself We celebrate the diversity of our people and foster an environment that is supportive and fun, to encourage everyone to bring their whole selves to work every day, to enjoy what they do and take pride in themselves, their role, and the company. Be Entrepreneurial We en
Slide 11: Overview of SiriusPoint: Key Highlights
Financial Strength Ratings >$3 Billion Total GAAP capital1 >$7 Billion Total investments & cash 2 $2.3 Billion Gross premiums written 3 Clients in nearly 150 countries >8,000 Treaties & Accounts >75 Years of history >12 Insurtech & MGA Partnerships ~1,000 Employees (including MGUs) 4 OVERVIEW OF SIR
Slide 12: Three Pillar Strategy
THREE PILLAR STRATEGY SiriusPoint’s three pillar strategy is designed to unlock the potential that exists within SiriusPoint as we strive to improve the Company’s profitability by being best‐in‐class capital allocators, better managing our risk, growing higher margin, differentiating businesses and
Slide 13: Business Segments
BUSINESS SEGMENTS 13 Accident & Health Insurance and Reinsurance Underwriting A&H insurance, as well as medical, travel and personal accident reinsurance International Medical Group, Inc. (“IMG”) full‐service global health and travel insurance, and assistance ArmadaCorp Capital, LLC (“Armada”) U.S.
Slide 14: Reinsurance: Global Platform
Global Platform SiriusPoint is a leading global reinsurer. We offer treaty and facultative reinsurance through our network of international branch offices, our Lloyd's Syndicate and our platforms in the U.S. and Bermuda. We access profitable business by leveraging our relationships with local and
Slide 15: Insurance and Services: Focus Areas
Grow capital‐light, well positioned A&H business (incl. Employer Stop Loss, Life Re, voluntary benefits, and wholly owned MGA/MGU IMG and Armada etc.) Grow via partnerships Our playbook involves structuring multi‐year partnerships that include taking an investment stake and offering the use of paper
Slide 16: SiriusPoint Investment Portfolio 3Q 2021
SIRIUSPOINT INVESTMENT PORTFOLIO 3Q 2021 16Note (1) . Risk Assets includes TP Enhanced, TP Venture, Strategic Investments and SG Legacy Alternatives. (2) Fixed Income and Cash & Cash Equivalent includes debt securities and unrestricted cash and cash equivalents. (3) Collateral Assets includes restri
Slide 17: Growing Our Business and Creating Value
Transitioning to a Specialty (Re)insurer Attracting experienced talent Expanding into higher margin business lines Improving profitability Capital markets expertise to drive value via strategic partnerships Best‐in‐class investment manager Designed to deliver attractive risk adjusted returns VISION:
Slide 18: Appendix: SiriusPoint Ltd. Issued Capital Instruments
PRESENTATION TITLE OES HERE 18 18 APPENDIX: SIRIUSPOINT LTD. ISSUED CAPITAL INSTRUMENTS
Slide 19: SiriusPoint Ltd. Issued Capital Instruments
SIRIUSPOINT LTD. ISSUED CAPITAL INSTRUMENTS as of September 30, 2021 19 Instrument Number Outstanding (millions) Face Amount ($, millions) 3Q Ending FV ($, millions) 3Q FV Change ($, millions) Maturity Rating Listing Notes Basic common shares 1581 ‐ ‐ ‐ ‐ ‐ NYSE ‐ ticker SPNT CM Bermuda currently ho
Slide 20: Thank You
THANK YOU 20