Slide 1: Q1 2026 Investor Presentation
Q1 2026 INVESTOR PRESENTATION May 7, 2026 NYSE: SPNT
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 its directly and indirectly owned subsidiaries, as a comb
Slide 3: Agenda
AGENDA Highlights & Strategic Update Scott Egan, Group CEO First Quarter Financial Results Jim McKinney, Group CFO Q&A 3
Slide 4: Highlights & Strategic Update
Highlights & Strategic Update
Slide 5: SiriusPoint Overview
SIRIUSPOINT OVERVIEW Drive excellence as a best-in-class specialty underwriter, with a diverse and low-volatility portfolio, that targets a 12-15% ROE across the cycle Property Cat Re Marine & Energy Credit 5% 4% Accident & Health Relentless Focus on Underwriting 6% Aviation 28% 6% Gross Written Dis
Slide 6: Positioned Well for Cycle Resilience
POSITIONED WELL FOR CYCLE RESILIENCE Q1 2026 Disciplined underwriting delivers Core Combined Ratio of 88.9% and Core Operating ROE3 of 17.9% HIGHLIGHTS Targeted GWP growth in Insurance & Services (+8%), discipline in Reinsurance (-10%) Operating ROE2 of 15.3%, above target range 15.3% Book Value Per
Slide 7: Track Record of Attractive Earnings and Value Creation
TRACK RECORD OF ATTRACTIVE EARNINGS AND VALUE CREATION $ numbers in USD millions, except per share data Long-Term Value Framework +41% Growth YoY $107.9 Target niche and growing markets $94.3 $87.3 $84.5 $85.2 $85.8 $85.7 $74.7 $78.1 Operating $70.2 $61.0 $57.8 Net Income1 $43.5 Act nimbly, actively
Slide 8: Insurance Growth While Retaining Underwriting Discipline
INSURANCE GROWTH WHILE RETAINING UNDERWRITING DISCIPLINE Trailing Last Twelve Months Premium Growth1 Core Combined Ratio (ex. LPT Benefit2) 95.6% 92.9% 93.8% 93.5% 92.9% 91.7% 90.3% 10.9% 89.5% 89.1% 93.8% 88.9% 88.9% 91.7% 91.7% 92.5% 91.9% 6.6% 89.6% 89.1% 88.1% 87.0% 83.7% 84.7% 26% 25% 25% 22% 2
Slide 9: Consistent and Strong Core Business
CONSISTENT AND STRONG CORE BUSINESS Core Operating Return on Equity1 Key Messages – Introduced Core Operating ROE 18.8% 18.7% metric, which excludes run off 18.2% 18.0% 17.9% result from Operating ROE, to give a better indication of the 17.7% performance of the go-forward 17.0% 17.1% business 16.8%
Slide 10: Highly Diversified Core Portfolio
HIGHLY DIVERSIFIED CORE PORTFOLIO Core Portfolio Premium Splits1 4+ Years 28% Reinsurance 36% Property Cat Re 44% <2 Years Market Marine & Energy Duration Access 64% Credit 4% Accident & Health 5% Insurance & Services 6% 28% 28% Aviation 6% 2-4 Years Gross Written Other Casualty 6% Premium Europe &
Slide 11: Core Specialty Lines
CORE SPECIALTY LINES Accident & Health General Liability Other Property FinPro Surety Europe & Europe & Bermuda Other Europe & Other Other USA UK & Lloyd's GWP GWP UK & GWP Bermuda GWP GWP USA UK & $1.0bn USA $746m Lloyd's $362m $279m $242m Lloyd's USA UK & Lloyd's USA Other Casualty Aviation Credit
Slide 12: Profitable and Low Volatility Underwriting Portfolio
PROFITABLE AND LOW VOLATILITY UNDERWRITING PORTFOLIO 2 Year Combined Ratio Volatility Quadrant1 2 Year Combined Ratio Volatility1 20.0% High Profitability, High Volatility Low Profitability, High Volatility 11.1% 17.5% SiriusPoint (2020-2022) 15.0% 5.0% 3.4% 2.4% 12.5% Combined Ratio Volatility 10.0
Slide 13: Rigorous Approach to Partnering with MGAs
RIGOROUS APPROACH TO PARTNERING WITH MGAs THOROUGH ONBOARDING PROCESS CONSERVATIVE INITIAL APPROACH Disciplined approach to MGA >90% Prudent approach to reserving 100% and risk management for new new programs reserved partner selection new opportunities declined programs above pricing projections In
Slide 14: Run Off (Non-Core) Portfolio
RUN OFF (NON-CORE) PORTFOLIO $ numbers in USD millions Run off (Corporate) Underwriting Performance Run off (Corporate) Portfolio Reserves $11 30% 28% 26% 24% 19% 17% 16% 14% 13% 12% $1 $1,008 % of $942 $885 Total -$4 $854 Reserves -$7 -$7 -$10 -$10 $638 -$19 $574 $556 $528 $477 $460 $(33) 2024 LPT
Slide 15: SiriusPoint Forward Outlook
SIRIUSPOINT FORWARD OUTLOOK Strong underwriting culture with compensation aligned to shareholder value creation Agile capital allocator Seasoned management team with proven ability to move with demonstrated track and optimize capital record of execution Disciplined profitable growth Low volatility u
Slide 16: First Quarter Results Update
First Quarter Results Update
Slide 17: Q1 2026 Financial Results
Q1 2026 FINANCIAL RESULTS Financial Highlights Key Comments $ numbers in USD millions Q1'25 Q1'26 – GWP1 up 1%, with NWP1 decreasing by 7% (driven by one-off Gross Written Premium $990 $1,004 items including the pre-announced aggregate cover) and NEP1 up 2% Net Written Premium $752 $697 – UW Income
Slide 18: Segment Results
SEGMENT RESULTS $ numbers in USD millions Insurances & Services Segment Reinsurance Segment Gross Written Premium Gross Written Premium – Premium – Premium +8% $685 Gross written premium increased 8% for the Gross written premium decreased 10% for $635 $356 $355 (10)% quarter, driven largely by grow
Slide 19: Deliberate Actions Have Reduced Catastrophe Volatility
DELIBERATE ACTIONS HAVE REDUCED CATASTROPHE VOLATILITY FY 21 FY 22 FY 23 FY 24 FY 25 Q1'26 Catastrophe Loss Ratio Catastrophe Loss Ratio Catastrophe Loss Ratio Catastrophe Loss Ratio Catastrophe Loss Ratio Catastrophe Loss Ratio Earnings Release Company A 33.6% Company A 25.3% Company A 11.7% Compan
Slide 20: Reserving Prudence Demonstrated by PYD Track Record
RESERVING PRUDENCE DEMONSTRATED BY PYD TRACK RECORD $ numbers in USD millions Reserve Releases as % of Opening Net Reserves1 Key Comments – Twenty consecutive quarters of favorable prior year development – External reserve review completed at FY 24 determined reserves were sufficiently prudent 4.5%
Slide 21: High Quality Investment Portfolio
HIGH QUALITY INVESTMENT PORTFOLIO $ numbers in USD millions Investment Result Investment Balances by Asset Class Credit Quality3 STI TPE1 Other2 Not Rated / Below IG $78 CLO AAA $71 $71 BBB $66 3% 1% ABS 5% 14% 14% Corporate 9% 32% Q1'26 Government 13% $6.3bn 28% Q1'25 Q1'26 A 43% AA 16% 19% Net Inv
Slide 22: Strong Financial Strength and Capital Position
STRONG FINANCIAL STRENGTH AND CAPITAL POSITION $ numbers in USD millions BSCR Ratio Walk1 Financial Strength Ratings (FSR) $2.3bn Equity Capital 3% 256% A RATING UPGRADED A RATING UPGRADED (STABLE) 4/16/26 (STABLE) 4/21/26 $0.7bn 242% (17)% Debt Capital 224% A $3.0bn (18)% RATING UPGRADED A3 REVIEWE
Slide 23: Strong Liquidity and Leverage Reduced to Historic Low
STRONG LIQUIDITY AND LEVERAGE REDUCED TO HISTORIC LOW $ numbers in USD millions Leverage1 Liquidity Debt / Capital Debt + Preferred / Capital Available dividend capacity from subsidiaries and HoldCo Investments 2 Revolving Credit Facility undrawn capacity 34.2% $1,112 32.5% 29.7% 28.1% 27.2% $704 24
Slide 24: Appendix
SiRiUs POINT
Slide 25: Reconciliation of Operating Net Income
APPENDIX 1 RECONCILIATION OF OPERATING NET INCOME Q1'26 Q4'25 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 $ 99.6 $ 240.0 $ 86.8 $ 59.2 $ 57.6 $ (21.3) $ 4.5 $ 109.9 $ 90.8 $ 93.5 $ 57.5 $ 55.9 $ 131.9 $ (26.6)
Slide 26: Reconciliation of Operating Earnings Per Share
APPENDIX 2 RECONCILIATION OF OPERATING EARNINGS PER SHARE Q1'26 Q4'25 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 $ 0.82 $ 1.97 $ 0.73 $ 0.50 $ 0.49 $ (0.13) $ 0.03 $ 0.57 $ 0.49 $ 0.50 $ 0.32 $ 0.31
Slide 27: Reconciliation of Operating ROE and Core Operating ROE
APPENDIX 3 RECONCILIATION OF OPERATING RETURN ON EQUITY AND CORE OPERATING RETURN ON EQUITY Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Operating net income $ 85.7 $ 85.8 $ 85.2 $ 78.1 $ 61.0 $ 43.5 $ 94.3 $ 57.8 $ 107.9 Common shareholders’ equity attributable to SiriusPoint common shareh
Slide 28: Platform Reshaping Enabling Profitable Growth
APPENDIX 4 PLATFORM RESHAPING ENABLING PROFITABLE GROWTH 2025 Onwards: Profitable Growth Outperformed across the cycle Operating ROE target of 12-15% in FY 25 and Q1'26 2024: Major Reshaping Fourteen consecutive quarters of UW profit LPTs covering $2.1bn of reserves from Track record of strong growt
Slide 29: Global Accident & Health
APPENDIX 5 GLOBAL ACCIDENT & HEALTH Accident & Health Portfolio Overview Investing in IMG's Distribution and Services SiriusPoint GWP Accident & Health GWP 4% 7% + + 24% IMG 8% Health/Medical LTM LTM Life 72% GWP 11% 28% GWP $3.7bn $1.0bn Personal Accident – IMG is a 100%-owned A&H MGA that is a cor
Slide 30: Strategic MGA Investments
APPENDIX 6 STRATEGIC MGA INVESTMENTS Rationalization Updates Non-Consolidated MGA Investments 100% Equity Stake 49% Equity Stake COMPLETED Q4'25 COMPLETED Q1'26 $262m • Sale of 100% equity stake in consolidated MGA Armada for • Sale of 49% equity stake in Arcadian for $140m total $250m completed in
Slide 31: Abbreviation Glossary
APPENDIX 7 ABBREVIATION GLOSSARY Abbreviation Definition Abbreviation Definition A&H Accident & Health LPT Loss Portfolio Transfer ABS Asset Backed Security MBS Mortgage Backed Security Acq Acquisition MGA Managing General Agent AOCI Accumulated Other Comprehensive Income NEP Net Earned Premium BVPS
Slide 32: investors.siriuspt.com
investors.siriuspt.com