Siriuspoint Ltd. · NYSE:SPNT
Siriuspoint — Investor Presentation (March 2021)
15 slides from Siriuspoint's investor presentation, Mar 5, 2021
Slide 1: A Top 20 Strongly Capitalized and Well Positioned Global (Re)insurer
MARCH 2021 siriuspt.com A TOP 20 STRONGLY CAPITALIZED AND WELL POSITIONED GLOBAL (RE)INSURER Top 20 Global (re)insurer per S&P Global’s 2020 Global Reinsurance Highlights;
Slide 2: Disclaimer: Forward-Looking Statements
DISCLAIMER For informational purposes only 2 Forward- Looking Statements We make statements in this presentation that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Such statements include, but are not
Slide 3: Contents
CONTENTS For informational purposes only 3 4 SIRIUSPOINT: A STRATEGIC RENEWAL 5 ACCOMPLISHED SENIOR MANAGEMENT TEAM 6 PROVEN MANAGEMENT TEAM WITH SHARED VALUES 12 SIRIUSPOINT LTD. CAPITAL INSTRUMENTS AS OF MARCH 1, 2021 13 SERIES A – ILLUSTRATIVE CONVERSION TO COMMON SHARES BASED UPON CURRENT INFORM
Slide 4: SiriusPoint: A Strong Global (Re)insurer – Strategic Renewal
SIRIUSPOINT: A STRONG GLOBAL (RE)INSURER For informational purposes only 4 STRATEGIC RENEWAL Third Point Reinsurance Ltd.’s (“TPRe”) merger with Sirius International Insurance Group, Ltd. (“Sirius”) has created a diversified company with an attractive business profile backed by a strong balance shee
Slide 5: Accomplished Senior Management Team
ACCOMPLISHED SENIOR MANAGEMENT TEAM For informational purposes only 5 Sid Sankaran Chief Executive Officer and Chairman David Junius Chief Financial Officer Monica Cramér Manhem President, International Reinsurance David Govrin Global Chief Underwriting Officer and President, Americas Reinsurance Ra
Slide 6: Strong Board and Global Underwriting Talent
STRONG BOARD AND GLOBAL UNDERWRITING TALENT For informational purposes only 6 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. • Franklin (Tad) Montross, the former Chairm
Slide 7: Overview of SiriusPoint: Key Highlights
A- AM Best A- S&P A- Fitch Financial strength ratings $3 Billion Total GAAP capital1 $6 Billion Total investments & cash $2 .3 Billion Gross premiums written Clients in nearly 150 countries 8,000 Treaties & Accounts 20 Global underwriting & Top 20 Global (re)insurer2 1,000 Employees (including MGUs)
Slide 8: Sirius Platform Expands Underwriting Capabilities, Geographic Footprint and Product Offerings
SIRIUS PLATFORM EXPANDS UNDERWRITING CAPABILITIES, GEOGRAPHIC FOOTPRINT AND PRODUCT OFFERINGS For informational purposes only 8 (Re)insurance franchise Long-standing relationships and track record of underwriting profitability Diverse businesses, scalable with larger underwriting platform US special
Slide 9: Attractive Diversified Specialty (Re)insurance Franchise with Significant Growth Potential
$2.3bn 77% 23% Reinsurance Insurance 38% Specialty 23% Accident & Health4% 35% Property ATTRACTIVE DIVERSIFIED SPECIALTY (RE)INSURANCE FRANCHISE WITH SIGNIFICANT GROWTH POTENTIAL Proforma SiriusPoint 2020 GPW Third Point LLC will be a strategic partner to SiriusPoint on portfolio allocation, will ma
Slide 10: Growing Our Business and Creating Value
Transitioning to a Specialty (Re)insurer Attracting experienced talent Expanding into higher margin business lines Improving profitability Capital markets expertise to drive value via strategic partnerships Best-in-class investment manager Designed to deliver attractive risk adjusted returns VISION:
Slide 11: Appendix
PRESENTATION TITLE OES HERE APPENDIX 11For informational purposes only
Slide 12: SiriusPoint Ltd. Issued Capital Instruments as of March 1, 2021
For information purposes only SIRIUSPOINT LTD. ISSUED CAPITAL INSTRUMENTS as of March 1, 2021 Instrument Number Outstanding (mm) Face Amount (mm) Maturity Rating Listing Notes Basic common shares 1571 - - - NYSE - ticker SPNT CM Bermuda currently holds 34% of common shares with 9.9% voting cap. Lock
Slide 13: Series A Preference Shares – Illustrative Conversion to Common Shares
For information purposes only SERIES A PREFERENCE SHARES – ILLUSTRATIVE CONVERSION TO COMMON SHARES BASED ON CURRENT INFORMATION ($mm, except share amounts) Reference Amount 12/31/2020 Change Sirius Group COVID Losses $150 $298 $148 TPRe COVID Losses $51.1 $65.6 $14.5 Sirius Group COVID Losses less
Slide 14: Estimated Pro Forma Capital Position
For information purposes only ESTIMATED PRO FORMA CAPITAL POSITION Estimated Pro Forma Capital Position 1 $ Range (bn) Tangible common shareholders’ equity 2.0 - 2.2 Common shareholders’ equity 2.2 - 2.5 Debt and preferred equity 1.1 Total capital 3.2 – 3.6 Estimated Pro Forma Common and Diluted Sha
Slide 15: Thank You
For information purposes only THANK YOU