SiriusPoint’s Rating Upgraded to A, Holding Company ICR to BBB
AM Best raised SiriusPoint’s Financial Strength Rating to A from A- and Long-Term Issuer Credit Rating to “a” from “a-”, and upgraded its holding company’s ICR to “bbb” from “bbb-”. The upgrade reflects very strong balance sheet strength, top-tier BCAR at year-end 2025, de-risked investments and reduced catastrophe exposure.
1. AM Best Upgrades Ratings
AM Best elevated SiriusPoint’s operating subsidiaries’ Financial Strength Rating to A from A- and its Long-Term Issuer Credit Rating to “a” from “a-”, while boosting the non-operating holding company’s Long-Term ICR to “bbb” from “bbb-”. All ratings carry a stable outlook.
2. Underwriting and Capital Strength
The upgrade reflects SiriusPoint’s very strong consolidated balance sheet, underpinned by a top-tier Best’s Capital Adequacy Ratio at year-end 2025, disciplined underwriting performance and prudent capital management including de-risking of investments.
3. Strategic Outlook and Business Mix
AM Best anticipates continued profitable underwriting with reduced volatility as SiriusPoint rebalances away from catastrophe-exposed property business toward less volatile accident, health and specialty lines, maintaining risk-adjusted capitalisation at the strongest level.
4. Management Response
CEO Scott Egan highlighted that the upgrade, following Fitch’s recent action, underscores the success of the company’s focused underwriting strategy, streamlined ownership structure and deliberate capital deployment initiatives.