Slide 1: Q2 2026 Investor Presentation
Q2 2026 INVESTOR PRESENTATION July 29, 2026 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 Second Quarter & Half Year Financial Results Jim McKinney, Group CFO Q&A
Slide 4: Highlights & Strategic Update
Highlights & Strategic Update
Slide 5: SiriusPoint Overview
Upgraded to A by S&P, AM Best and Fitch in 2026 5 SIRIUSPOINT OVERVIEW Notes: [1] Core Gross Written Premium on a Last Twelve Months basis. [2] Represents total shareholders' equity plus debt capital. [3] SiriusPoint Group Bermuda Solvency Capital Ratio calculated as available economic capital and s
Slide 6: Positioned for Durable Performance Across the Cycle
6 POSITIONED FOR DURABLE PERFORMANCE ACROSS THE CYCLE Targeted portfolio management and underwriting discipline drove a 91.4% Core Combined Ratio in Q2'26 and 90.1% for HY 26 Strong Q2'26 Insurance & Services GWP growth of 15%, with continued discipline in Reinsurance as premiums declined 9% Q2'26 O
Slide 7: 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 $16.47 $18.10 $18.98 $19.48 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 $87.3 $70.2 $84.5 $74.7 $36.6 $107.9 $57.8 $94.3 $43.5 $61.0 $78.1 $85.2 $85.8 $85.7 $79.4 Q4'22 Q1'23 Q2
Slide 8: Insurance Growth While Retaining Underwriting Discipline
8 INSURANCE GROWTH WHILE RETAINING UNDERWRITING DISCIPLINE Core Combined Ratio (ex. LPT Benefit2)Trailing Last Twelve Months Premium Growth1 91.7% 93.8% 91.7% 92.5% 87.0% 83.7% 84.7% 89.6% 89.1% 91.9% 88.1% 91.2%6.6% 10.9% 92.9% 93.8% 91.7% 93.5% 88.9% 90.3% 95.6% 89.5% 89.1% 92.9% 88.9% 91.4% Q3'23
Slide 9: Consistent and Strong Core Business
9 CONSISTENT AND STRONG CORE BUSINESS Core Operating Return on Equity1 16.8% 10.6% 14.6% 12.6% 14.3% 18.0% 19.1% 18.7% 17.9% 14.3% Core Operating ROE Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Notes: [1] Core Operating Return on Equity and Operating Return on Equity are non-GAAP mea
Slide 10: Highly Diversified Core Portfolio
10 HIGHLY DIVERSIFIED CORE PORTFOLIO Notes: [1] Gross Written Premium on a Last Twelve Months basis. [2] Direct represents consolidated MGA premiums and premiums derived without a broker or MGA. 65% 35% 58%26% 8% 8% Distribution Channel Market Access 52% 24% 10% 14% Underwriting Hub Core Portfolio P
Slide 11: Active Portfolio Management to Maximize Core Returns
11 ACTIVE PORTFOLIO MANAGEMENT TO MAXIMIZE CORE RETURNS Accident & Health Property Cat Re Notes: GWP pie charts represent Last Twelve Months Gross Written Premium for Core segment by underwriting hub. FinPro contains Financial, Professional and Transactional Liability. Other Casualty contains Auto L
Slide 12: Profitable and Low Volatility Underwriting Portfolio
High Profitability, Low Volatility Combined Ratio Co m bi ne d Ra tio V ol at ili ty SiriusPoint (Current) SiriusPoint (2020-2022) Market Average 82.0% 84.0% 86.0% 88.0% 90.0% 92.0% 94.0% 96.0% 98.0% 100.0% 102.0% 104.0% 106.0% —% 2.5% 5.0% 7.5% 10.0% 12.5% 15.0% 17.5% 20.0% 2 Year Combined Ratio Vo
Slide 13: Rigorous Approach to Partnering with MGAs
13 RIGOROUS APPROACH TO PARTNERING WITH MGAs Notes: [1] Refers to P&C MGA partners. Disciplined approach to MGA partner selection >90% new opportunities declined In-depth discovery period for potential partners 6-9 months typical time in discovery before onboarding onboarding onboarding long term TH
Slide 14: Our Best in Class Culture Is Key to Our Success
Notes: [1] The Net Promoter Score is scored -100 to 100, and based on the question "Would you recommend working at SiriusPoint to a friend?". Average scores of above 0 are considered 'good', scores between 20-30 are considered 'very good', with scores of 30 and above being 'exceptional'. [2] Benchma
Slide 15: SiriusPoint Forward Outlook
15 SIRIUSPOINT FORWARD OUTLOOK Seasoned management team with demonstrated track record of execution Low volatility underwriter with track record of delivering or exceeding our profitability targets Undervalued balance sheet with demonstrated significant upside from MGA portfolio Agile capital alloca
Slide 16: Second Quarter and Half Year Results Update
Second Quarter and Half Year Results Update
Slide 17: Q2 2026 Financial Highlights
– GWP1 up 6%, with NWP1 increasing by 1% and NEP1 down 1% – COR of 91.4%1 and UW income of $55m – Diluted EPS of $0.58, or $0.67 on an operating basis3 – Total net services fee income1 of $10m, up 41% YoY for go- forward MGAs – Strong investment result with NII of $66m – Other notable pre-tax items
Slide 18: HY 2026 Financial Results
Financial Highlights $ numbers in USD millions HY 25 HY 26 Gross Written Premium $1,920 $1,985 Net Written Premium $1,452 $1,406 COR (%) 92.4% 90.1% UW Income $96 $126 Net Services Fee Income $28 $18 Total Investment Result2 $140 $151 Operating Net Income3 $139 $165 Operating Earnings Per Share3 $1.
Slide 19: Segment Results
$560 $645 Q2'25 Q2'26 $1,196 $1,329 HY 25 HY 26 – Premium Gross written premium increased 15% for the quarter, driven by growth in General Liability, Environmental and Other Property Earned premium growing at slower pace than written due to shift in business mix – Loss Performance Q2'26 loss ratio f
Slide 20: Reserving Prudence Demonstrated by PYD Track Record
20 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 2023 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
Slide 21: High Quality Investment Portfolio
$139 $132$140 $151 HY 25 HY 26 16% 40% 28% 14% 1% HIGH QUALITY INVESTMENT PORTFOLIO 21 $ numbers in USD millions Key Comments Notes: [1] Third Point Enhanced Fund. [2] Other includes Strategic Investments, TP Ventures and Legacy & Other Alts. [3] Excludes short-term investments. Investment Result –
Slide 22: Strong Financial Strength and Capital Position
242% 2% (1)% (4)% 239% (20)% 219% Q1'26 Capital Generated Capital Consumed Capital Returned Q2'26E Stress Test Scenario Post-event Q2'26E 22 Notes: [1] SiriusPoint Group BSCR ratio calculated as available economic capital and surplus divided by the Bermuda solvency capital requirement as of March 31
Slide 23: Leverage Decreased While Liquidity Has Increased
$682 $662 $671 $1,112 $1,061 Available dividend capacity from subsidiaries and HoldCo Investments Revolving Credit Facility undrawn capacity Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 23 Notes: [1] Debt / Capital Ratio calculated as debt divided by total capital. Debt + Preferred / Capital calculated as debt plu
Slide 24: Appendix A: Supplementary Slides
Appendix A: Supplementary Slides
Slide 25: Platform Reshaping Enabling Profitable Growth
2022-2023: Turnaround 2024: Major Reshaping 25 Notes: [1] Total Shareholder Return (TSR) calculated from September 21, 2022, when the management changes occurred. 2025 Onwards figure calculated through July 28, 2026. [2] For Core business. [3] As demonstrated on slide 12 based on the last eight quar
Slide 26: Global Accident & Health
24% 45% 12% 8% 7% 4% IMG Health/Medical Life Personal Accident Supplemental Health Other Travel 26 GLOBAL ACCIDENT & HEALTH Investing in IMG's Distribution and ServicesAccident & Health Portfolio Overview – IMG is a 100%-owned A&H MGA that is a core part of the business for both underwriting and fee
Slide 27: Strategic MGA Investments
$262m $204m $105m $102m $63m Held Value <$5m Held Value $5-$10m Held Value $10-$20m Held Value >$20m Q4'22 Q4'23 Q4'24 Q4'25 Q2'26 27 STRATEGIC MGA INVESTMENTS Non-Consolidated MGA Investments $ numbers in USD millions Core (Go-Forward MGAs) Q2'26 Change HY 26 Change Service Revenue $59 16% $113 21%
Slide 28: Run Off (Non-Core) Portfolio
30% 28% 26% 24% 19% 17% 16% 14% 13% 12% 12% 28 RUN OFF (NON-CORE) PORTFOLIO Notes: [1] Figure includes the reserves added to the segment in 2023. Key Comments – No additions to the run off (Non-Core) book since 2023 underwriting portfolio restructuring – $440m remaining net reserves as at Q2'26 (dow
Slide 29: Deliberate Actions Have Reduced Catastrophe Exposure
11.7% 7.9% 6.4% 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 G Company H Company F Company I Company E Company C Company B Company D Company M Company K Company L SiriusPoint Company J 22.5% 8.4% 8.4% 6.3% 5.5% 5.3% 3.9% 3.5% 2.9% 2.8% 2.7% 1.8% 1.2% 0.7% Company A Compan
Slide 30: Abbreviation Glossary
30 ABBREVIATION GLOSSARY APPENDIX A5 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
Slide 31: Appendix B: Non-GAAP Reconciliations
Appendix B: Non-GAAP Reconciliations
Slide 32: Reconciliation of Quarterly Operating Net Income
32 RECONCILIATION OF QUARTERLY OPERATING NET INCOME Q2'26 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 $ 68.6 $ 99.6 $ 240.0 $ 86.8 $ 59.2 $ 57.6 $ (21.3) $ 4.5 $ 109.9 $ 90.8 $ 93.5 $ 57.5 $ 55.9 $
Slide 33: Reconciliation of Quarterly Core Operating Net Income
33 RECONCILIATION OF QUARTERLY CORE OPERATING NET INCOME Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Operating net income available to SiriusPoint common shareholders $ 79.4 $ 85.7 $ 85.8 $ 85.2 $ 78.1 $ 61.0 $ 43.5 $ 94.3 $ 57.8 $ 107.9 Run off (non-core) underwriting results $ 4.0
Slide 34: Reconciliation of Quarterly Operating ROE and Core Operating ROE
34 RECONCILIATION OF QUARTERLY OPERATING RETURN ON EQUITY AND CORE OPERATING RETURN ON EQUITY Notes: Metric(s) referenced on slides 6 and 9. [1] This development, primarily related to business written by legacy Third Point Reinsurance Ltd., is the result of the COVID-19 reserve study performed concu
Slide 35: Reconciliation of HY Operating Net Income and ROE
HY 26 HY 25 Net income available to SiriusPoint common shareholders $ 168.2 $ 116.8 Non-recurring adjustments: Gains on sale or deconsolidation of consolidated MGAs (25.2) — (Gains) losses on strategic and other investments 8.0 0.5 MGA & strategic investment rationalization (17.2) 0.5 Losses on sett
Slide 36: Reconciliation of HY Core Operating Net Income and ROE
HY 26 HY 25 FY 25 FY 24 Operating net income available to SiriusPoint common shareholders $ 165.1 $ 139.1 $ 310.0 $ 303.5 Run off (non-core) underwriting results 22.8 11.5 28.4 50.5 Adjustment for previously excluded amounts relating to run off — — (2.0) (27.0) Run off tax impact (4.4) (2.2) (5.0) (
Slide 37: investors.siriuspt.com
investors.siriuspt.com