SiriusPoint Q4 net loss of $21.3 million on one-off items; core combined ratio improved
SiriusPoint reported a fourth quarter 2024 net loss of $21.3 million, or $0.13 per diluted share, which the company attributed mainly to three one-off items tied to its repositioning. Core combined ratio improved to 90.2% from 93.4% a year earlier, and full-year 2024 net income available to common shareholders was $183.9 million, or $1.04 per diluted share.
Key points
- Q4 2024 net loss attributable to common shareholders of $21.3 million, or $0.13 per diluted share, driven by the CM Bermuda repurchase, closure of the Enstar LPT transaction, and a write-down of a single MGA investment
- Q4 2024 Core combined ratio of 90.2%, versus 93.4% in Q4 2023; Core income of $66.7 million, versus $46.3 million
- Full-year 2024 underlying net income of $304 million, up 14% from the prior year; full-year Core combined ratio of 91.0%, versus 89.1% in 2023
- Book value per diluted common share ex. AOCI of $14.64 at December 31, 2024, up from $13.33 a year earlier
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.