SiriusPoint Q3 core gross written premium rises 14%
SPNT•SiriusPoint’s Q3 core gross written premium rose 14%, while operating EPS increased 19% year over year. The company agreed to a loss portfolio transfer expected to unlock more than $200 million in capital.
1. Premiums and earnings rise
SiriusPoint said Q3 core gross written premium rose 14%, led by growth in its Insurance & Services segment. Operating EPS increased 19% year over year. The company reported a combined ratio of 86.5% and a core combined ratio of 90.1%.
2. Transfer and segment changes
SiriusPoint agreed to a loss portfolio transfer to exit its legacy run-off portfolio, which it expects to simplify the business and unlock more than $200 million in capital. Lower attritional loss ratios and increased favorable prior-year reserve development improved underwriting income. The company plans to realign its reportable segments in Q4 2026 to reflect its specialty market focus.
