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SiriusPoint CEO says firm is more balanced, able to redeploy capital
SiriusPoint said its second-quarter 2026 net income available to common shareholders rose about 16% year over year to $69 million, while gross written premiums increased 5.5% to $981.5 million.
SiriusPoint CEO Scott Egan told Reinsurance News that the specialty insurer and reinsurer is now a broader and more balanced business, which he said gives it the ability to move and redeploy capital across lines, segments, and geographies where returns are attractive.
Egan linked the strategy to disciplined underwriting and selective growth, saying SiriusPoint is concentrating capital in markets with favorable risk adjusted returns and pulling back from areas where the return is not sufficient, instead of pursuing growth for its own sake.
In its second-quarter 2026 results, SiriusPoint reported net income available to common shareholders of $69 million, up approximately 16% year over year, and gross written premiums rising 5.5% to $981.5 million.
Egan said SiriusPoint is building a more resilient, lower volatility profile through portfolio diversification, pointing to Insurance and Reinsurance growth patterns in the quarter, including Insurance and Services gross written premium up 15% and Reinsurance premium down 9%.