v3.26.3
Segment reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Segment Results
The following is a summary of the Company’s operating segment results for the three and nine months ended September 30, 2026 and 2025:
Three months ended September 30, 2026
Insurance & ServicesReinsuranceCore
Eliminations (2)
CorporateSegment Measure ReclassTotal
Gross written premium$673.0 $317.6 $990.6 $— $4.3 $— $994.9 
Net written premium403.5 275.2 678.7 — 1.7 — 680.4 
Net earned premium460.8 304.0 764.8 — 2.8 — 767.6 
Loss and loss adjustment expenses incurred, net263.6 154.0 417.6 (2.1)0.4 — 415.9 
Acquisition costs, net136.9 86.2 223.1 (28.7)0.8 — 195.2 
Other underwriting expenses27.3 20.9 48.2 — 4.8 — 53.0 
Underwriting income (loss)33.0 42.9 75.9 30.8 (3.2)— 103.5 
Services revenues61.5 — 61.5 (31.2)— (30.3)— 
Services expenses49.4 — 49.4 — — (49.4)— 
Net services fee income12.1 — 12.1 (31.2)— 19.1 — 
Services noncontrolling income(0.2)— (0.2)— — 0.2 — 
Net services income11.9 — 11.9 (31.2)— 19.3 — 
Segment income (loss)44.9 42.9 87.8 (0.4)(3.2)19.3 103.5 
Net investment income65.9 — 65.9 
Net investment gains (losses)3.3 — 3.3 
Other revenues0.5 30.3 30.8 
Net corporate and other expenses(26.3)(49.4)(75.7)
Intangible asset amortization(2.5)— (2.5)
Interest expense(18.4)— (18.4)
Foreign exchange losses(3.2)— (3.2)
Income before income tax expense$44.9 $42.9 87.8 (0.4)16.1 0.2 103.7 
Income tax expense— — (16.7)— (16.7)
Net income (loss)87.8 (0.4)(0.6)0.2 87.0 
Net (income) loss attributable to noncontrolling interest— — — (0.2)(0.2)
Net income (loss) available to SiriusPoint$87.8 $(0.4)$(0.6)$— $86.8 
Attritional losses$272.7 $163.2 $435.9 $(2.1)$1.9 $— $435.7 
Catastrophe losses— — — — — — — 
Prior year loss reserve development(9.1)(9.2)(18.3)— (1.5)— (19.8)
Loss and loss adjustment expenses incurred, net$263.6 $154.0 $417.6 $(2.1)$0.4 $— $415.9 
Underwriting Ratios: (1)
Attritional loss ratio59.2 %53.7 %57.0 %56.8 %
Catastrophe loss ratio— %— %— %— %
Prior year loss development ratio(2.0)%(3.0)%(2.4)%(2.6)%
Loss ratio57.2 %50.7 %54.6 %54.2 %
Acquisition cost ratio29.7 %28.4 %29.2 %25.4 %
Other underwriting expenses ratio5.9 %6.9 %6.3 %6.9 %
Combined ratio
92.8 %86.0 %90.1 %86.5 %
(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.
(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.
Three months ended September 30, 2025
Insurance & ServicesReinsuranceCore
Eliminations (2)
CorporateSegment Measure ReclassTotal
Gross written premium$562.0 $309.6 $871.6 $— $2.8 $— $874.4 
Net written premium396.8 268.1 664.9 — 5.4 — 670.3 
Net earned premium381.2 262.3 643.5 — 4.2 — 647.7 
Loss and loss adjustment expenses incurred, net225.3 145.5 370.8 (1.5)3.6 — 372.9 
Acquisition costs, net98.3 64.7 163.0 (26.9)3.7 — 139.8 
Other underwriting expenses19.9 20.2 40.1 — 3.5 — 43.6 
Underwriting income (loss)37.7 31.9 69.6 28.4 (6.6)— 91.4 
Services revenues58.5 — 58.5 (32.7)— (25.8)— 
Services expenses48.5 — 48.5 — — (48.5)— 
Net services fee income10.0 — 10.0 (32.7)— 22.7 — 
Services noncontrolling loss0.1 — 0.1 — — (0.1)— 
Net services income10.1 — 10.1 (32.7)— 22.6 — 
Segment income (loss)47.8 31.9 79.7 (4.3)(6.6)22.6 91.4 
Net investment income66.5 — 66.5 
Net investment gains (losses)6.2 — 6.2 
Other revenues9.7 25.8 35.5 
Net corporate and other expenses(14.0)(48.5)(62.5)
Intangible asset amortization(2.8)— (2.8)
Interest expense(21.0)— (21.0)
Foreign exchange losses(2.4)— (2.4)
Income before income tax expense$47.8 $31.9 79.7 (4.3)35.6 (0.1)110.9 
Income tax expense— — (20.2)— (20.2)
Net income79.7 (4.3)15.4 (0.1)90.7 
Net loss attributable to noncontrolling interests— — — 0.1 0.1 
Net income available to SiriusPoint$79.7 $(4.3)$15.4 $— $90.8 
Attritional losses$234.8 $145.1 $379.9 $(1.5)$3.4 $— $381.8 
Catastrophe losses— — — — — — — 
Prior year loss reserve development(9.5)0.4 (9.1)— 0.2 — (8.9)
Loss and loss adjustment expenses incurred, net$225.3 $145.5 $370.8 $(1.5)$3.6 $— $372.9 
Underwriting Ratios: (1)
Attritional loss ratio61.6 %55.3 %59.0 %59.0 %
Catastrophe loss ratio— %— %— %— %
Prior year loss development ratio(2.5)%0.2 %(1.4)%(1.4)%
Loss ratio59.1 %55.5 %57.6 %57.6 %
Acquisition cost ratio25.8 %24.7 %25.3 %21.6 %
Other underwriting expenses ratio5.2 %7.7 %6.2 %6.7 %
Combined ratio90.1 %87.9 %89.1 %85.9 %
(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.
(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.
Nine months ended September 30, 2026
Insurance & ServicesReinsuranceCore
Eliminations (2)
CorporateSegment Measure ReclassTotal
Gross written premium$2,002.2 $973.7 $2,975.9 $— $0.1 $— $2,976.0 
Net written premium1,287.0 798.0 2,085.0 — 0.9 — 2,085.9 
Net earned premium1,222.6 819.3 2,041.9 — 4.9 — 2,046.8 
Loss and loss adjustment expenses incurred, net 695.8 428.1 1,123.9 (5.7)18.8 — 1,137.0 
Acquisition costs, net349.1 225.7 574.8 (73.2)(1.8)— 499.8 
Other underwriting expenses 79.2 62.2 141.4 — 13.9 — 155.3 
Underwriting income (loss)98.5 103.3 201.8 78.9 (26.0)— 254.7 
Services revenues174.9 — 174.9 (84.1)— (90.8)— 
Services expenses145.1 — 145.1 — — (145.1)— 
Net services fee income29.8 — 29.8 (84.1)— 54.3 — 
Services noncontrolling loss0.4 — 0.4 — — (0.4)— 
Net services income30.2 — 30.2 (84.1)— 53.9 — 
Segment income (loss)128.7 103.3 232.0 (5.2)(26.0)53.9 254.7 
Net investment income197.8 — 197.8 
Net investment gains (losses)22.6 — 22.6 
Other revenues28.3 90.8 119.1 
Net corporate and other expenses(75.5)(145.1)(220.6)
Intangible asset amortization(7.5)— (7.5)
Interest expense(53.9)— (53.9)
Foreign exchange losses(2.7)— (2.7)
Income before income tax expense$128.7 $103.3 232.0 (5.2)83.1 (0.4)309.5 
Income tax expense— — (51.7)— (51.7)
Net income232.0 (5.2)31.4 (0.4)257.8 
Net income attributable to noncontrolling interests— — (0.6)0.4 (0.2)
Net income available to SiriusPoint$232.0 $(5.2)$30.8 $— $257.6 
Attritional losses$734.8 $449.6 $1,184.4 $(5.7)$4.3 $— $1,183.0 
Catastrophe losses1.3 5.4 6.7 — — — 6.7 
Prior year loss reserve development(40.3)(26.9)(67.2)— 14.5 — (52.7)
Loss and loss adjustment expenses incurred, net$695.8 $428.1 $1,123.9 $(5.7)$18.8 $— $1,137.0 
Underwriting Ratios: (1)
Attritional loss ratio60.1 %54.9 %58.0 %57.9 %
Catastrophe loss ratio0.1 %0.7 %0.3 %0.3 %
Prior year loss development ratio(3.3)%(3.3)%(3.3)%(2.6)%
Loss ratio56.9 %52.3 %55.0 %55.6 %
Acquisition cost ratio28.6 %27.5 %28.2 %24.4 %
Other underwriting expenses ratio6.5 %7.6 %6.9 %7.6 %
Combined ratio
92.0 %87.4 %90.1 %87.6 %
(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.
(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.
Nine months ended September 30, 2025
Insurance & ServicesReinsuranceCore
Eliminations (2)
CorporateSegment Measure ReclassTotal
Gross written premium$1,757.5 $1,034.1 $2,791.6 $— $15.7 $— $2,807.3 
Net written premium1,273.1 843.6 2,116.7 — 1.0 — 2,117.7 
Net earned premium1,086.6 828.3 1,914.9 — 11.5 — 1,926.4 
Loss and loss adjustment expenses incurred, net644.4 497.2 1,141.6 (5.0)10.7 — 1,147.3 
Acquisition costs, net283.5 202.3 485.8 (83.1)7.7 — 410.4 
Other underwriting expenses61.4 60.4 121.8 — 11.2 — 133.0 
Underwriting income (loss)97.3 68.4 165.7 88.1 (18.1)— 235.7 
Services revenues178.7 — 178.7 (94.6)— (84.1)— 
Services expenses141.2 — 141.2 — — (141.2)— 
Net services fee income37.5 — 37.5 (94.6)— 57.1 — 
Services noncontrolling loss0.2 — 0.2 — — (0.2)— 
Net services income37.7 — 37.7 (94.6)— 56.9 — 
Segment income (loss)135.0 68.4 203.4 (6.5)(18.1)56.9 235.7 
Net investment income205.9 — 205.9 
Net investment gains (losses)6.6 — 6.6 
Other revenues8.4 84.1 92.5 
Net corporate and other expenses(52.8)(141.2)(194.0)
Intangible asset amortization(8.5)— (8.5)
Interest expense(60.2)— (60.2)
Foreign exchange losses(16.9)— (16.9)
Income before income tax expense$135.0 $68.4 203.4 (6.5)64.4 (0.2)261.1 
Income tax expense— — (45.1)— (45.1)
Net income203.4 (6.5)19.3 (0.2)216.0 
Net income attributable to noncontrolling interests— — (0.6)0.2 (0.4)
Net income available to SiriusPoint$203.4 $(6.5)$18.7 $— $215.6 
Attritional losses$661.3 $470.1 $1,131.4 $(5.0)$5.3 $— $1,131.7 
Catastrophe losses4.8 62.6 67.4 — — — 67.4 
Prior year loss reserve development(21.7)(35.5)(57.2)— 5.4 — (51.8)
Loss and loss adjustment expenses incurred, net$644.4 $497.2 $1,141.6 $(5.0)$10.7 $— $1,147.3 
Underwriting Ratios: (1)
Attritional loss ratio60.9 %56.7 %59.1 %58.8 %
Catastrophe loss ratio0.4 %7.6 %3.5 %3.5 %
Prior year loss development ratio(2.0)%(4.3)%(3.0)%(2.7)%
Loss ratio59.3 %60.0 %59.6 %59.6 %
Acquisition cost ratio26.1 %24.4 %25.4 %21.3 %
Other underwriting expenses ratio5.7 %7.3 %6.4 %6.9 %
Combined ratio91.1 %91.7 %91.4 %87.8 %
(1)Underwriting ratios are calculated by dividing the related expense by net earned premium.
(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.