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SiriusPoint ( (SPNT) ) has shared an announcement.
On February 18, 2025, SiriusPoint Ltd. released its fourth-quarter and full-year 2024 financial results, highlighting a ninth consecutive quarter of underwriting profits with a core combined ratio of 91.0%. Despite a net loss of $21 million in Q4 due to restructuring efforts, the company achieved a 21% growth in gross premiums for the quarter and a 10% increase for the year. SiriusPoint’s underlying net income was $44 million for Q4 and $304 million for 2024, with a return on equity at the upper end of its target range. The company successfully completed significant strategic repositioning in 2024, enhancing its underwriting quality and capital position, as evidenced by strong book value growth and earnings per share accretion.
More about SiriusPoint
SiriusPoint Ltd. operates in the reinsurance and insurance industry, focusing primarily on underwriting services and risk management solutions. The company is known for its commitment to delivering underwriting profits and optimizing capital positions in the market.
YTD Price Performance: -9.91%
Average Trading Volume: 574,696
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.3B
For detailed information about SPNT stock, go to TipRanks’ Stock Analysis page.
