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The latest update is out from SiriusPoint ( (SPNT) ).
SiriusPoint Ltd. announced a strong third quarter in 2024 with net income of $5 million, bolstered by a 69% increase in underlying net income to $89 million due to higher underwriting and investment income. The company achieved its eighth consecutive quarter of underwriting profits, with a combined ratio improvement to 88.5%, and grew premiums by 10% in continuing lines. The book value per diluted common share rose by 3% in the quarter, reflecting a robust balance sheet and strategic growth through new partnerships and investments.
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