On this page of StockholderLetter.com we present the latest annual shareholder letter from SiriusPoint Ltd — ticker symbol SPNT. Reading current and past SPNT letters to shareholders can bring important insights into the investment thesis.

 •  4/10/2026 Letter Continued (Full PDF)
 •  4/21/2023 SPNT Stockholder Letter
 •  4/9/2024 SPNT Stockholder Letter
 •  4/9/2025 SPNT Stockholder Letter
 •  More "Insurance Brokers" Category Stockholder Letters
 •  SPNT Benford's Law Stock Score = 75

SPNT Shareholder/Stockholder Letter Transcript:

ANNUAL
REPORT
For the year ending
31 December 2025

2

SIRIUSPOINT ANNUAL REPORT 2025
TABLE OF CONTENTS
Chairman   s Letter
4
CEO Letter
6
Financial Highlights
10
Human Resources
12
Underwriting
14
Reinsurance
16
Life, Accident & Health
18
North America Insurance
20
International
22
Enterprise Risk Management
24
Sustainability
26
Our History
28
Executive Leadership Team
30
Appendix
31
Note: Certain financial metrics referenced in this Annual Report are non-GAAP financial measures.
Please refer to page 31 of this Annual Report for our calculation of these measures and a
reconciliation to the most directly comparable GAAP financial measures.
Safe Harbor Statement Regarding Forward-Looking Statements
This Annual Report includes    forward-looking statements    within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements regarding future plans and profitability
and environmental, social and governance plans and goals. Forward-looking statements are subject to
known and unknown risks and uncertainties, many of which may be beyond our control. We caution
you that forward-looking information is not a guarantee of future events, and that actual events may
differ materially from those made in or suggested by the forward-looking information contained in
this letter and the accompanying proxy statement. In addition, forward-looking statements generally
can be identified by the use of forward-looking terminology such as    may,       plan,       objective,   
   seek,       will,       expect,       intend,       estimate,       target,       aim,       anticipate,       believe    or    continue   
or the negative thereof or variations thereon or similar terminology. Actual events, results and
outcomes may differ materially from our expectations due to a variety of known and unknown risks,
uncertainties and other factors. Among the risks and uncertainties that could cause actual results to
differ from those described in the forward-looking statements are the risk factors listed in our most
recent Annual Report on Form 10-K and subsequent periodic and current disclosures filed with the
Securities and Exchange Commission. All forward-looking statements speak only as of the date made
and we undertake no obligation to update or revise publicly any forward-looking statements, whether
as a result of new information or otherwise.
3

SIRIUSPOINT ANNUAL REPORT 2025
CHAIRMAN   S LETTER
Dear Shareholders,
Last year marked SiriusPoint   s shift from a company
in turnaround to one firmly on the path to becoming
a best-in-class insurance and reinsurance company.
In 2025, we executed with discipline, delivered
consistent results, and created long-term
shareholder value.
We entered the year with clear priorities: maintain underwriting
discipline, reduce volatility, strengthen the balance sheet, simplify
our capital structure, and build on our competitive advantages.
I am pleased to report that we delivered on each of these aims.
A YEAR OF DELIVERY
Our underwriting performance was strong. Despite significant
challenges, including the major California wildfires, we maintained
a healthy combined ratio and demonstrated the reduced volatility
we have been working hard to achieve. We also delivered
sustainable growth, with meaningful expansion in our top line
supported by strong partners and targeted portfolio positioning,
particularly in North America.
Importantly, we continued to invest in areas where we have true
competitive strength. Our wholly owned subsidiary, International
Medical Group (IMG), completed acquisitions that enhanced its
travel capabilities and expanded the scale and strategic value of
its business. These investments further strengthened our Life,
Accident & Health offering.
MILESTONES AND MOMENTUM
2025 was also a year of meaningful milestones. We completed
the repurchase of the remaining CM Bermuda stake, reinforcing
our financial strength and simplifying our ownership structure.
This milestone in the company   s journey positioned SiriusPoint as
a leaner, more agile specialty insurer. We also sold our stakes in
Arcadian and ArmadaCare, actions that strengthened our balance
sheet and enhanced liquidity.
Our progress is driven by the talented people across SiriusPoint.
Employee engagement and satisfaction are at record highs,
reflecting a culture that is stronger than ever. We   ve also welcomed
several highly respected leaders from across the insurance and
reinsurance industry into senior roles, further deepening our
expertise. The recognition our colleagues continue to receive through industry awards and the peer acknowledgment - speaks
to the quality and impact of our teams.
RECOGNITION FROM THE MARKET
External validation has been encouraging. AM Best, Fitch, and S&P
all revised their outlooks to Positive, citing improved balance sheet
strength, reduced risk, and consistent underwriting profitability.
Fitch has now upgraded SiriusPoint to A. Brokers and industry peers
also recognize that SiriusPoint has rebuilt its reputation through
disciplined execution.
4
Bronek Masojada
Chair of the SiriusPoint
Board of Directors
This recognition matters. It supports our position as an attractive
partner, particularly for managing general agents (MGAs), where
our rating strength and focus on distribution make us a compelling
choice. It reinforces our credibility as strong partners continue to
come to us.
STEADY, DISCIPLINED EXECUTION
We enter 2026 from a position of strength, but also with
appropriate caution. Market conditions are shifting. Pricing across
the industry is softening. While we may be better positioned than
many, we are aware that these dynamics will affect the industry.
Our focus remains unchanged: disciplined execution, profitable
underwriting, stable earnings, and conservative investment.
Growth for growth   s sake is not our goal. Sustainable value in our
industry is created through incremental, consistent progress - year
after year.
Our foundations are strong, our balance sheet is robust, and our
reputation continues to grow. As the industry moves towards
consolidation, opportunities will favor those with talent, discipline
and clarity of purpose.
We are closer than ever to being the steady and consistent
insurance company we set out to build     one that creates lasting
value for our shareholders.
Thank you for your continued support.
Bronek Masojada
Chair of the SiriusPoint Board of Directors

SIRIUSPOINT ANNUAL REPORT 2025
   WE ARE CLOSER THAN
EVER TO BEING THE
STEADY AND CONSISTENT
INSURANCE COMPANY
WE SET OUT TO BUILD
    ONE THAT CREATES
LASTING VALUE FOR
OUR SHAREHOLDERS.   
5

4/10/2026 Letter Continued (Full PDF)

 

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