Siriuspoint Ltd. · NYSE:SPNT

Siriuspoint — Q1 2023 Earnings Presentation

13 slides from Siriuspoint's earnings presentation, May 3, 2023

  1. Slide 1: SiriusPoint Ltd. – A Global Underwriter: 2023 First Quarter Results

    For information purposes only SIRIUSPOINT LTD. – A GLOBAL UNDERWRITER 2023 First Quarter Results May 3, 2023

  2. Slide 2: Basis of Presentation and Non-GAAP Financial Measures

    For information purposes only 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 subs

  3. Slide 3: Agenda

    For information purposes only Agenda 3 1 2 3 1 2 Key Messages Quarterly Results Update

  4. Slide 4: Key Messages

    For information purposes only Key Messages 4

  5. Slide 5: Key Messages: Continued Progress in Q1

    For information purposes only 5 Key Messages: Continued Progress in Q1 Notes: [1] COR = Combined Ratio. Reflects Core business. [2] COR = Combined Ratio. Reflects Core business and adjusted for $90m of Q1’23 reserve releases linked to LPT and $10m of expenses re-allocated from net corporate and othe

  6. Slide 6: Quarterly Results Update

    For information purposes only Quarterly Results Update 6

  7. Slide 7: Q1 2023 Financial Results

    For information purposes only Q1 2023 Financial Results 7 Notes: [1] Reflects Core business. [2] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains from related party investment funds and net investment

  8. Slide 8: Trends in Gross Premium Written

    For information purposes only $ numbers in USD millions Key Comments • Core premiums up 5% driven primarily by growth in Insurance & Services • Reinsurance premiums down 24% for Q1'23, driven by International (-$133m) • Insurance & Services premiums up 37% for Q1'23, driven by both A&H (+$93m) and o

  9. Slide 9: Underwriting Performance: Aim to Further Improve in 2023

    For information purposes only Underwriting Performance: Aim to Further Improve in 2023 9 COR Walk1 $ numbers in USD millions COR Loss Ratio Total Expense Ratio6 Key Comments Notes: [1] Reflects Core business. [2] Reflects Core business adjusted for $90m of Q1'23 reserve releases linked to LPT and $1

  10. Slide 10: Investment Income: De-Risked and Benefiting from Rate Increases

    For information purposes only Investment Income: De-Risked and Benefiting from Rate Increases 10 $ numbers in USD millions Key Comments Notes: [1] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains from

  11. Slide 11: De-risked Investment Portfolio: In-line with Industry

    For information purposes only TPE Short-term Investments (STI) De-risked Investment Portfolio: In-line with Industry 11 Q1'23: $6.7bn Notes: [1] Other includes Strategics, TP Ventures and Legacy & Other Alts. [2] Third Point Enhanced Fund. [3] Excludes short-term investments. [4] Tangible diluted co

  12. Slide 12: Strong Balance Sheet

    For information purposes only 12 Notes: [1] SiriusPoint Group BSCR calculated as available economic capital and surplus divided by the enhanced capital requirement as of September 30, 2022 and December 31, 2022, respectively. Q4'22 BSCR is an estimate. [2] Financial strength ratings for the operatin

  13. Slide 13: Thank You

    For information purposes only Thank You

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