Slide 1: Q2 2025 Investor Presentation
Q2 2025 INVESTOR PRESENTATION August 4, 2025 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 Second Quarter & Half Year Results Update 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 underwriter, with a diverse portfolio of low-volatility specialty lines, that targets a 12-15% ROE across the cycle Other Specialties 4% Casualty 6% Relentless Focus on Underwriting Energy 31% Environmental 7% Marine Disciplined and Agile Capi
Slide 6: Continued Growth with Further Earnings Improvement
CONTINUED GROWTH WITH FURTHER EARNINGS IMPROVEMENT Gross Premiums Core Combined Underlying Q2 Core COR improved 3.8 ppts to 89.5%, marking 11 consecutive quarters of UW profit Written1 Ratio Earnings Per Share2 +10% 89.5% $0.66 Fifth consecutive quarter of double-digit gross written premium growth Q
Slide 7: Reshaped Platform Enabling Profitable Growth
RESHAPED PLATFORM ENABLING PROFITABLE GROWTH 2025: Profitable Growth ROE target of 12-15% 'across the cycle' and 2024: Major Reshaping within range at HY 25 LPTs covering $2.1bn of reserves from Eleventh consecutive quarter of UW profit exited business, with >95% limit remaining 2022-2023: Turnaroun
Slide 8: 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 +35% Growth YoY $107.9 Target niche and growing markets $87.3 $94.3 where we have a competitive Underlying $84.5 $74.7 $78.1 advantage and a right to win $70.2 Net Income
Slide 9: Progress Towards Our Aim of Best-in-Class Underwriting
PROGRESS TOWARDS OUR AIM OF BEST-IN-CLASS UNDERWRITING Trailing Twelve Months Combined Ratio Key Messages 103.9% – SiriusPoint's Core combined ratio outperformed the peer average combined ratio in Q1'25 by 4.0 101.3% points 101.6% – Portfolio actions taken have led 99.4% to a 12.8 point improvement
Slide 10: Strong Growth Whilst Retaining Underwriting Discipline
STRONG GROWTH WHILST RETAINING UNDERWRITING DISCIPLINE Premium Growth1 Core Combined Ratio (ex. LPT Benefit) Gross Premiums Written 32% Net Premiums Earned 96.8% 95.6% 92.9% 93.8% 93.5% 91.1% 91.7% 90.3% 95.5% 93.8% 88.9% 10.9% 89.5% 91.7% 91.7% 92.5% 91.1% 6.6% 89.6% 22% 87.0% 21% 83.7% 84.7% 21% 1
Slide 11: SiriusPoint Forward Outlook
SIRIUSPOINT FORWARD OUTLOOK Strong underwriting culture with compensation fully aligned to shareholder value creation Agile capital allocator Seasoned management team with proven ability to move with demonstrable track and optimize capital record of execution Healthy growth outlook Undervalued balan
Slide 12: Second Quarter and Half Year Results Update
Second Quarter and Half Year Results Update
Slide 13: Core Segment: Q2 2025 Financial Results
Q2 2025 FINANCIAL RESULTS Financial Highlights Key Comments $ numbers in USD millions Q2'24 Q2'25 – GPW1 up 10% YoY, with NPW1 increasing by 8% and NPE1 up Gross Premiums Written $843 $930 17% – UW Income1 up 83% YoY Net Premiums Written $650 $700 – EPS of $0.50, or $0.66 on an underlying basis (up
Slide 14: Core Segment: HY 2025 Financial Results
HY 2025 FINANCIAL RESULTS Financial Highlights Key Comments $ numbers in USD millions HY 24 HY 25 – GPW1 up 11% YoY, with NPW1 increasing by 14% and NPE1 up Gross Premiums Written $1,723 $1,920 19% – UW Income1 up 18% to $96m Net Premiums Written $1,277 $1,452 – EPS of $0.98, or $1.17 on an underlyi
Slide 15: 2.3 Points of Combined Ratio Earnings Quality Improvement
2.3 POINTS OF COMBINED RATIO EARNINGS QUALITY IMPROVEMENT Trends in Attritional Combined Ratio1 Bridge to Core Combined Ratio Attritional Loss Ratio plus Total Expense Ratio2 93.2% 5.3% 92.4% 90.9% 90.9% 7.0% 6.4% 6.4% 26.0% 25.4% 25.4% (3.8)% OUE Ratio3 Acquisition Cost Ratio 60.2% 59.1% 59.1% Attr
Slide 16: Insurance & Services Segment
INSURANCE & SERVICES SEGMENT Gross Premiums Written Business Mix1 Combined Ratio 94.6% 91.9% 95.9% 92.6% Attritional COR2 $1,196 Property $560 +18% +14% 8% $490 $1,015 Other Specialties 96.0% 97.1% 18% 89.3% 91.6% 5.8% 6.3% 6.1% 5.9% 25.5% 25.1% 26.5% 26.3% A&H OUE Ratio 48% Acq. Cost Ratio Loss Rat
Slide 17: Reinsurance Segment
REINSURANCE SEGMENT Gross Premiums Written Business Mix1 Combined Ratio Other Specialties 91.5% 91.5% 89.9% 88.7% Attritional COR2 +5% $370 +2% $725 36% $353 $709 Property 93.5% 31% 90.2% 89.8% 87.2% 7.1% 7.9% 7.7% 7.7% 24.3% 26.2% 25.5% 26.9% OUE Ratio Acq. Cost Ratio Loss Ratio 56.6% 62.1% 56.1% 5
Slide 18: Reduction of Catastrophe Loss Volatility
REDUCTION OF CATASTROPHE LOSS VOLATILITY 2022 2023 2024 2025 FY 2022 Catastrophe Loss Ratio FY 2023 Catastrophe Loss Ratio FY 2024 Catastrophe Loss Ratio HY 2025 Catastrophe Loss Ratio Company A 25.3% Company A 15.7% Company A 22.5% Company A Company B 16.3% Company H 7.9% Company H 8.0% Company B E
Slide 19: 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 – Seventeen consecutive quarters of favorable prior year development – External reserve review completed at FY 24 determined reserves were sufficiently prudent 4.
Slide 20: High Quality Investment Portfolio
HIGH QUALITY INVESTMENT PORTFOLIO $ numbers in USD millions Net Investment Income Investment Balances by Asset Class Credit Quality4 STI Not Rated / Below IG TPE2 Other3 AAA 1 CLO $265-$275 1% 4% Corporate BBB 3% 6% 16% 14% ABS 28% 10% $157 $139 Q2'25 $6.1bn Cash 15% A 22% 19% 45% 16% MBS AA HY 24 H
Slide 21: Strong and Diversified Capital Base
STRONG AND DIVERSIFIED CAPITAL BASE $ numbers in USD millions BSCR Ratio Walk1 Strong Mix of Capital2 $2.1bn Equity Capital3 14% 13% 7% 225% 33% 32% $0.7bn 223% (9)% Debt Capital 53% 55% 205% Q1'25 Q2'25 $2.8bn (18)% Tier 1 Tier 2 Tier 3 Total Capital Key Comments Q1'25 Capital Capital Q2'25E Stress
Slide 22: Secure Balance Sheet
SECURE BALANCE SHEET $ numbers in USD millions Debt-to-Capital1 Liquidity Financial Strength Ratings (FSR) $973 27.2% 23.8% 24.8% 24.4% $686 $506 $704 $682 A- OUTLOOK UPGRADED A- AFFIRMED 1/24/25 (POSITIVE) 4/25/25 (STABLE) Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 2 A- OUTLOOK UPGRADED A3 AFFIRMED 3/12/25 FY 2
Slide 23: Thank You
Thank You investors.siriuspt.com
Slide 24: Appendix
SiRiUs POINT
Slide 25: Reconciliation of Underlying Net Income
APPENDIX 1 RECONCILIATION OF UNDERLYING NET INCOME 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 $ 59.2 $ 57.6 $ (21.3) $ 4.5 $ 109.9 $ 90.8 $ 93.5 $ 57.5 $ 55.9 $ 131.9 $ (26.6) Non-recurring adjustments: Gains on sa
Slide 26: Reconciliation of Underlying Earnings Per Share
APPENDIX 2 RECONCILIATION OF UNDERLYING EARNINGS PER SHARE 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 $ 0.50 $ 0.49 $ (0.13) $ 0.03 $ 0.57 $ 0.49 $ 0.50 $ 0.32 $ 0.31 $ 0.74 $ (0.17) Non-recurring adjustme
Slide 27: Reconciliation of Underlying Return on Equity
APPENDIX 3 RECONCILIATION OF UNDERLYING RETURN ON EQUITY HY 25 HY 24 Net income available to SiriusPoint common shareholders $ 116.8 $ 200.7 Non-recurring adjustments: Gains on sale or deconsolidation of consolidated MGAs — (96.0) Losses on strategic and other investments 0.5 52.8 MGA & Strategic In
Slide 28: People: Strong Employee Engagement and Talent Joining
APPENDIX 4 PEOPLE: STRONG EMPLOYEE ENGAGEMENT AND TALENT JOINING Employee Engagement Results1 Talent Acquisition 2023 2024 2 Attracting strong talent who can help sustain our Net Promoter Score 29 momentum and trajectory to becoming "Best-in-Class" Overall Engagement Philip Enan 82 Score Chief Strat
Slide 29: Strategic MGA Investments
APPENDIX 5 STRATEGIC MGA INVESTMENTS Consolidated MGA Investments Non-Consolidated MGA Investment Rationalization $262m 100%-owned A&H 75%-owned Specialty $204m $45m $83m Net Service Fee Q2'25 Consolidated Income1 MGA Book Value $105m $101m $ numbers in USD millions 100%-Owned A&H Core Segment HY 25