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SiriusPoint reports higher Q2 net income and premium growth
Gross written premiums rose 5.5% to $981.5 million, while the core combined ratio inched higher to 91.4%.
SiriusPoint Ltd., a Bermuda-based specialty insurer and reinsurer, reported net income available to common shareholders of $69 million for the second quarter of 2026, up about 16% from $59.2 million a year earlier, according to Reinsurance News.
The company said gross written premiums increased 5.5% to $981.5 million from $930.1 million, and net written premiums rose 1.4% to $709.5 million from $699.8 million. However, net earned premiums decreased 1.1% to $638.8 million from $645.6 million.
SiriusPoint attributed the higher written premium to growth in its Insurance and Services segment, including new programme growth mainly in General Liability, plus continued London MGAs growth, partly offset by declines in its Reinsurance segment. The drop in net earned premium was linked to earned premiums rising more slowly than written due to a business mix shift, and to a reduction tied to the start of an aggregate reinsurance program in 2026.
On profitability, core underwriting income fell to $55 million from $67.6 million in Q2 2025, and the core combined ratio moved up to 91.4% from 89.5%. For the first half of 2026, SiriusPoint posted net income of $168 million, up 44% year over year, with the combined ratio improving to 90.1% from 92.4%.