SiriusPoint reported $69 million in second-quarter net income and $168 million for the first half of 2026, with continued growth in core gross written premiums.
A spokesperson said, “SiriusPoint Ltd. [SiriusPoint or the Company] [NYSE:SPNT], a specialty underwriter, today announced results for its second quarter ended June 30, 2026.
Second Quarter 2026 Highlights
- Net income available to SiriusPoint common shareholders of $69 million, or $0.58 per diluted common share with operating earnings per share of $0.67
- Return on equity of 12.0%, with operating return on equity of 13.8%
- Core gross written premium increased 6%: Insurance & Services grew 15%, Reinsurance declined 9%
- Core combined ratio of 91.4%
- Book value per diluted common share [ex. AOCI] increased 3% from March 31, 2026 to $19.48
- Balance sheet remains strong with BSCR estimate of 239%
Half Year 2026 Highlights
- Net income available to SiriusPoint common shareholders of $168 million, up 44% versus prior year
- Diluted earnings per common share of $1.40, with operating earnings per share up 17% to $1.37
- Return on equity of 14.8%, with operating return on equity of 14.7%
- Insurance & Services gross written premium growth of 11%; continued discipline in Reinsurance with premiums decreasing 9%
- Core combined ratio of 90.1% improved 2.3 points versus prior year
- Book value per diluted common share [ex. AOCI] increased 8%, from December 31, 2025 to $19.48
- $95 million common shares repurchased year to date[1], marking $295 million of total capital returned in 2026
“As at July 28, 2026.”
Scott Egan, Chief Executive Officer, said, “Our second quarter and half year results are strong and reflect our continuing progress, the strength of our diverse and low-volatility portfolio, and our approach to capital management.
“The second quarter Core combined ratio of 91.4% contributes to a half year result of 90.1%, a 2.3 point improvement on prior year. Our half year operating return on equity of 14.7% is at the upper end of our 12-15% across the cycle target range.
“Premiums in our Insurance & Services business grew 15% in the second quarter. We have both the capability and agility to target and grow in attractive areas while pulling back where we don’t see adequate returns for the risk we take, as evidenced by our reduction in Reinsurance premiums of 9%.
“As a result of underwriting performance and active capital management, book value per share [ex. AOCI] grew by 3% in the quarter and 8% for the half year. While market conditions are becoming more challenging, we are well positioned to maintain our momentum and deliver consistent and sustainable earnings.”
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