NYSE$SPNT
Siriuspoint Ltd · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
SiriusPoint reported a strong quarter with positive underwriting results and improved profitability.
SiriusPoint reported positive underwriting results in Q3 for the first time in the Group’s history. The combined ratio for the Group’s Core operations was 87.6% with Catastrophe losses materially down. The company is on track to deliver double-digit return on average common equity in 2023 and is increasing 2023 net investment income guidance to $250-260 million.
- Reported positive underwriting results in the third quarter for the first time in the Group’s history.
- The combined ratio for the Group’s Core operations was 87.6% with Catastrophe losses materially down at $14 million.
- Net income available to SiriusPoint common shareholders of $58 million, or $0.32 per diluted common share.
- Core income of $50 million, which includes underwriting income of $43 million, Core combined ratio of 92.5%
Headline financials
Revenue & EPS history
SiriusPoint · Revenue · Quarterly
$703M
Revenue by segment
SiriusPoint · $257M total across 1 segment · Q3 2023
- Reinsurance GWP$257M—100.0%
Forward guidance
SiriusPoint is on track to deliver double-digit return on average common equity in 2023, reiterating guidance on 2024 cost savings of >$50 million and increasing 2023 net investment income guidance to $250-260 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.5%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.6%
Avg return
30 days after
67%
38 / 57 earnings
Positive
+10.1%
Q2 2018
Best reaction
-16.0%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | -4.7% | -7.9% | |
| Q4 2025 | +6.6% | +2.8% | -0.9% | |
| Q3 2025 | +4.0% | +6.8% | +14.3% | |
| Q1 2025 | +7.6% | +6.0% | +5.9% | |
| Q4 2024 | -0.1% | +1.6% | +12.4% | |
| Q3 2024 | -2.6% | -5.7% | +12.6% | |
| Q2 2024 | +1.6% | -2.1% | +4.3% | |
| Q1 2024 | +0.7% | +0.7% | +8.6% | |
| Q4 2023 | -6.1% | -3.0% | +3.4% | |
| Q3 2023 | -5.8% | +2.3% | +5.8% | |
| Q2 2023 | +7.1% | +9.8% | +14.8% | |
| Q1 2023 | -1.2% | +3.5% | +5.0% | |
| Q4 2022 | -4.1% | +0.9% | +2.4% | |
| Q3 2022 | -16.0% | -8.7% | +3.6% | |
| Q2 2022 | +4.8% | +7.9% | +10.8% | |
| Q1 2022 | +2.2% | +1.9% | -8.0% | |
| Q4 2021 | -6.5% | -10.5% | -4.1% | |
| Q3 2021 | -0.9% | +2.2% | -21.1% | |
| Q2 2021 | +3.9% | +5.4% | +1.2% | |
| Q4 2020 | -3.6% | -0.7% | -0.5% | |
| Q1 2021 | -3.6% | -0.7% | -0.5% | |
| Q3 2020 | +2.9% | +9.2% | +21.9% | |
| Q4 2019 | +0.3% | -1.5% | -4.5% | |
| Q2 2020 | +8.2% | +8.6% | +4.3% | |
| Q1 2020 | -9.5% | -7.2% | -4.0% | |
| Q3 2019 | -3.2% | -1.6% | -4.0% | |
| Q2 2019 | +5.8% | +3.6% | +3.0% | |
| Q1 2019 | +3.2% | +1.6% | +11.8% | |
| Q4 2018 | -4.5% | -4.2% | -10.3% | |
| Q3 2018 | +4.7% | +1.5% | -11.7% | |
| Q2 2018 | +10.1% | +9.3% | +8.5% | |
| Q1 2018 | -3.2% | -4.7% | -4.7% | |
| Q4 2017 | -1.1% | +2.9% | +0.4% | |
| Q3 2017 | +2.7% | -3.0% | -7.6% | |
| Q2 2017 | +2.7% | +1.7% | -3.1% | |
| Q1 2017 | +1.7% | -0.4% | +1.7% | |
| Q4 2016 | +0.4% | +2.5% | -2.9% | |
| Q3 2016 | +6.2% | +8.8% | +1.3% | |
| Q2 2016 | +1.0% | +1.3% | +1.1% | |
| Q1 2016 | +2.6% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q2 2013 | +0.9% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q3 2012 | +1.5% | — | — | |
| Q3 2013 | +1.5% | — | — | |
| Q4 2012 | +1.5% | — | — |
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