Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): October 31, 2024 (October 31, 2024)

SIRIUSPOINT LTD.

(Exact name of registrant as specified in its charter)

Bermuda

001-36052

98-1599372

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(I.R.S. Employer
Identification No.)

Point Building

3 Waterloo Lane

Pembroke HM 08 Bermuda

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: +1 441 542-3300

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Shares, $0.10 par value	SPNT	New York Stock Exchange
8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share	SPNT PB	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐


Item 2.02			Results of Operations and Financial Condition.

On October 31, 2024, SiriusPoint Ltd. issued a press release reporting its financial results for the third quarter ended September 30, 2024 attached hereto as Exhibit 99.1.

The information contained in this Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished pursuant to this Item 2.02. This information shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, or incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


Item 7.01			Regulation FD Disclosure.

On October 31, 2024, SiriusPoint Ltd. made available to investors its third quarter financial supplement attached hereto as Exhibit 99.2, and slide presentation attached hereto as Exhibit 99.3 by SiriusPoint Ltd. in presentations to investors.

The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 and Exhibit 99.3 attached hereto, are being furnished pursuant to this Item 7.01. This information shall not deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, or incorporated by reference into any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 8.01 Other Events.

On October 29, 2024, the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to November 30, 2024 to Series B shareholders of record as of November 15, 2024. A copy of the press release is attached hereto as Exhibit 99.4.


Item 9.01			Financial Statements and Exhibits.

(d) Exhibits



Exhibit No.						Description

99.1						Press Release dated October 3 1 , 2024, announcing the earnings of SiriusPoint Ltd. for the Third Quarter Ended September 30, 2024.
99.2						Third Quarter Ended September 30, 2024 Financial Supplement.
99.3						SiriusPoint Ltd. Presentation to Investors, dated October 3 1 , 2024.
99.4						Press Release dated October 3 1 , 2024, announcing the quarterly dividend on the 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Date: October 31, 2024	/s/ Scott Egan
	Name:	Scott Egan
	Title:	Chief Executive Officer

SiriusPoint reports eighth consecutive quarter of underwriting profits and seventh consecutive quarter of positive net income

HAMILTON, Bermuda, October 31, 2024 - SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its third quarter ended September 30, 2024

•Third quarter net income of $5 million, impacted by completion of the previously announced CMIG shareholder transaction. Underlying net income1 of $89 million, up 69% versus prior year driven by higher underwriting and investment income

•Combined ratio of 88.5% in the third quarter for Core business, representing a 4 point improvement versus prior year, resulting in a year to date core combined ratio of 91.1% and core underwriting income of $144 million

•Growth in the quarter of 10% on gross premiums written for continuing lines business (excluding 2023 exited programs), contributing to 7% growth year to date

•Book value per diluted common share of $14.73, an increase of 3% in the quarter and 10% since year-end 2023. Balance sheet remains strong with Q3’24 BSCR estimate at 265%

•Pre-tax estimate of Hurricane Milton losses, net of reinsurance and reinstatement premiums, of approximately $30 million to $40 million

Scott Egan, Chief Executive Officer, said: “It has been another strong quarter of delivery for SiriusPoint, marking our eighth consecutive quarter of positive underwriting income. We have delivered a 4.0 point improvement in the combined ratio to 88.5% whilst growing continuing lines premium by 10% during the quarter. Our focus is resolute on building a strong business driven by disciplined underwriting to create a balanced portfolio that creates shareholder value.

Our strategic partnerships are a powerful tool to help us deliver our growth and underwriting ambitions. We added six new distribution partnerships in the quarter through our MGA Centre of Excellence, which is earning a reputation in the market as an attractive and leading platform for program administrators and MGAs. Fee income from our two consolidated A&H MGAs grew 18% year to date. Net investment income was strong, at $78m for the quarter, and our FY 24 net investment income is now trending ahead of our previous guidance.

We completed on an important two-part strategic transaction with CMIG in the quarter, deploying capital for the purchase and retirement of $125m of common shares and the settlement of Series A Preference Shares, both for cash. Our Q3 BSCR estimate of 265% demonstrates the strength of our balance sheet, and our annualized year to date underlying ROE of 14.4%, which excludes one-off actions, is in line with our medium-term guidance of 12-15% and demonstrates the strength of our earnings.

This quarter marks my second full year at SiriusPoint, and I am incredibly proud of the scale and pace of transformation we have achieved so far. This company is and always will be about our people and I am incredibly grateful to them for their relentless dedication and determination to make the company better. Together, we will drive further value through strategic, targeted improvement as we build a sustainable, best-in-class business for the future.”

Third Quarter 2024 Highlights

•Net income available to SiriusPoint common shareholders of $4.5 million, or $0.03 per diluted common share

•Core income of $69.5 million, including underwriting income of $62.5 million, Core combined ratio of 88.5%

•Core net services fee income of $6.8 million, with service margin of 14.1%

•Net investment income of $77.7 million and total investment result of $92.5 million

•Book value per diluted common share increased $0.42 per share, or 2.9%, from June 30, 2024 to $14.73

•Annualized return on average common equity of 0.7%

Nine Months Ended September 30, 2024 Highlights

•Net income available to SiriusPoint common shareholders of $205.2 million, or $1.11 per diluted common share

•Core income of $177.9 million, including underwriting income of $143.7 million, Core combined ratio of 91.1%

•Core net services fee income of $36.3 million, with service margin of 21.2%

•Net investment income of $234.7 million and total investment result of $195.6 million

•Book value per diluted common share increased $1.38 per share, or 10.3%, from December 31, 2023 to $14.73

•Annualized return on average common equity of 11.4%

•Debt to capital ratio down to 19.7% compared to 23.8% as of December 31, 2023

1 See definition in “Non-GAAP Financial Measures and Other Financial Metrics” on page 6.

Key Financial Metrics

The following table shows certain key financial metrics for the three and nine months ended September 30, 2024 and 2023:


	Three months ended						Nine months ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
	($ in millions, except for per share data and ratios)
Combined ratio	84.4		%	88.0		%	86.1		%	81.6		%
Core underwriting income (1)	$	62.5		$	42.5		$	143.7		$	213.2
Core net services income (1)	$	7.0		$	7.5		$	34.2		$	31.9
Core income (1)	$	69.5		$	50.0		$	177.9		$	245.1
Core combined ratio (1)	88.5		%	92.5		%	91.1		%	87.6		%
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders	0.7		%	11.3		%	11.4		%	16.7		%
Book value per common share (2)	$	15.41		$	13.76		$	15.41		$	13.76
Book value per diluted common share (2)	$	14.73		$	13.35		$	14.73		$	13.35
Tangible book value per diluted common share (1) (2)	$	13.88		$	12.47		$	13.88		$	12.47

(1)Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See definitions in “Non-GAAP Financial Measures” and reconciliations in “Segment Reporting.” Tangible book value per diluted common share is a non-GAAP financial measure. See definition and reconciliation in “Non-GAAP Financial Measures.”

(2)Prior year comparatives represent amounts as of December 31, 2023.

Third Quarter 2024 Summary

Consolidated underwriting income for the three months ended September 30, 2024 was $89.0 million compared to $73.8 million for the three months ended September 30, 2023. The improvement was primarily driven by increased favorable prior year loss reserve development and a more favorable commission ratio. For the three months ended September 30, 2024, favorable prior year loss reserve development was $30.6 million from favorable development in Property, mainly driven by reserve releases relating to favorable COVID-19 development trends, as well as favorable development in Accident and Health (“A&H”) due to lower than expected reported attritional losses, compared to $24.7 million for the three months ended September 30, 2023 driven by reserving analyses performed in connection with the March 2, 2023 loss portfolio transfer transaction (“2023 LPT”).

Consolidated underwriting income for the nine months ended September 30, 2024 was $243.7 million compared to $339.2 million for the nine months ended September 30, 2023. The decrease was primarily driven by lower favorable prior year loss reserve development. Favorable prior year loss reserve development for the nine months ended September 30, 2023 included $122.2 million driven by reserving analyses performed in connection with the 2023 LPT. Excluding the favorable development linked to the 2023 LPT, underwriting income increased by $19.8 million primarily resulting from favorable development in Property, mainly driven by reserve releases relating to favorable COVID-19 development trends, as well as favorable development in A&H and our runoff business, due to lower than expected reported attritional losses. This increase was partially offset by higher acquisition costs from business mix changes, including the growth of Insurance & Services.

Reportable Segments

The determination of our reportable segments is based on the manner in which management monitors the performance of our operations, which consist of two reportable segments - Reinsurance and Insurance & Services.

Collectively, the sum of our two segments, Reinsurance and Insurance & Services, constitute our “Core” results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See reconciliations in “Segment Reporting”. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

Core Premium Volume

Three months ended September 30, 2024 and 2023

Gross premiums written decreased by $35.0 million, or 4.8%, to $690.5 million for the three months ended September 30, 2024 compared to $725.5 million for the three months ended September 30, 2023. Net premiums earned decreased by $29.0 million, or 5.0%, to $546.3 million for the three months ended September 30, 2024 compared to $575.3 million for the three months ended September 30, 2023. The decreases in premiums written were primarily driven by the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and

the planned transition of a Cyber program to another carrier. These decreases were partially offset by increases in Reinsurance from Property and International Specialty and increases from Insurance & Services from strategic organic and new program growth.

Nine months ended September 30, 2024 and 2023

Gross premiums written decreased by $177.0 million, or 6.8%, to $2,413.9 million for the nine months ended September 30, 2024 compared to $2,590.9 million for the nine months ended September 30, 2023. Net premiums earned decreased by $104.7 million, or 6.1%, to $1,617.5 million for the nine months ended September 30, 2024 compared to $1,722.2 million for the nine months ended September 30, 2023. The decreases in premium volume were primarily due to the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, with the most significant offset being strategic organic and new program growth within Insurance & Services.

Core Results

Three months ended September 30, 2024 and 2023

Core results for the three months ended September 30, 2024 included income of $69.5 million compared to $50.0 million for the three months ended September 30, 2023. Income for the three months ended September 30, 2024 consists of underwriting income of $62.5 million (88.5% combined ratio) and net services income of $7.0 million, compared to underwriting income of $42.5 million (92.5% combined ratio) and net services income of $7.5 million for the three months ended September 30, 2023. The improvement in net underwriting results was primarily driven by favorable prior year loss reserve development and a more favorable commission ratio, partially offset by higher catastrophe losses.

Losses incurred included $29.7 million of favorable prior year loss reserve development for the three months ended September 30, 2024 primarily resulting from favorable development in Property, mainly driven by reserve releases relating to favorable COVID-19 development trends, as well as favorable development in A&H due to lower than expected reported attritional losses, compared to $12.6 million for the three months ended September 30, 2023 driven by reserving analyses performed in connection with the 2023 LPT.

Catastrophe losses, net of reinsurance and reinstatement premiums, for the three months ended September 30, 2024, were $10.6 million, or 1.9 percentage points on the combined ratio, including $10.0 million from Hurricane Helene, compared to $6.7 million, or 1.2 percentage points on the combined ratio, for the three months ended September 30, 2023, which includes losses of $3.8 million from the Hawaii wildfires and $3.3 million from Hurricane Idalia.

Nine months ended September 30, 2024 and 2023

Core results for the nine months ended September 30, 2024 included income of $177.9 million compared to $245.1 million for the nine months ended September 30, 2023. Income for the nine months ended September 30, 2024 consists of underwriting income of $143.7 million (91.1% combined ratio) and net services income of $34.2 million, compared to underwriting income of $213.2 million (87.6% combined ratio) and net services income of $31.9 million for the nine months ended September 30, 2023. The decrease in net underwriting results was primarily driven by lower favorable prior year loss reserve development. Favorable prior year loss reserve development for the nine months ended September 30, 2023 included $102.4 million driven by reserving analyses performed in connection with the 2023 LPT.

Excluding the favorable development linked to the 2023 LPT, net underwriting income increased by $27.7 million primarily driven by favorable development in Property, mainly driven by reserve releases relating to favorable COVID-19 development trends, as well as favorable development in A&H due to lower than expected reported attritional losses, partially offset by higher acquisition costs from business mix changes, including the growth of Insurance & Services.

Reinsurance Segment

Three months ended September 30, 2024 and 2023

Reinsurance gross premiums written were $314.5 million for the three months ended September 30, 2024, an increase of $49.1 million, or 18.5%, compared to the three months ended September 30, 2023, primarily driven by increases in Bermuda and New York Property and International Specialty, partially offset by lower premiums written in New York Casualty.

Reinsurance generated underwriting income of $41.6 million (84.6% combined ratio) for the three months ended September 30, 2024, compared to underwriting income of $36.9 million (85.6% combined ratio) for the three months ended September 30, 2023. The increase in net underwriting results was primarily driven by lower attritional losses and favorable commission ratio, partially offset by higher catastrophe losses.

Catastrophe losses, net of reinsurance and reinstatement premiums, for the three months ended September 30, 2024, were $11.3 million or 4.2 percentage points on the combined ratio, including $10.0 million from Hurricane Helene, compared to $6.8 million or 2.6 percentage points on the combined ratio for the three months ended September 30, 2023, which includes losses of $3.8 million from the Hawaii wildfires and $3.3 million from Hurricane Idalia.

Nine months ended September 30, 2024 and 2023

Reinsurance gross premiums written were $1,023.4 million for the nine months ended September 30, 2024, an increase of $4.1 million, or 0.4%, compared to the nine months ended September 30, 2023, primarily driven by increases in International Specialty, partially offset by lower premiums written in New York Casualty and Bermuda Specialty.

Reinsurance generated underwriting income of $106.5 million (86.3% combined ratio) for the nine months ended September 30, 2024, compared to underwriting income of $178.4 million (77.4% combined ratio) for the nine months ended September 30, 2023. The decrease in net underwriting results was primarily due to decreased favorable prior year loss reserve development as the nine months ended September 30, 2023 included $90.6 million driven by reserving analyses performed in connection with the 2023 LPT. Net favorable prior year loss reserve development was $33.2 million for the nine months ended September 30, 2024 primarily driven by favorable development in Property, mainly driven by reserve releases relating to favorable COVID-19 development trends.

Insurance & Services Segment

Three months ended September 30, 2024 and 2023

Insurance & Services gross premiums written were $376.0 million for the three months ended September 30, 2024, a decrease of $84.1 million, or 18.3%, compared to the three months ended September 30, 2023, primarily driven by the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, representing $98.0 million of gross premiums written for the three months ended September 30, 2023, as well as lower A&H premiums, partially offset by strategic organic and new program growth.

Insurance & Services generated segment income of $27.9 million for the three months ended September 30, 2024, compared to income of $13.3 million for the three months ended September 30, 2023. Segment income for the three months ended September 30, 2024 consists of underwriting income of $20.9 million (92.4% combined ratio) and net services income of $7.0 million, compared to underwriting income of $5.6 million (98.3% combined ratio) and net services income of $7.7 million for the three months ended September 30, 2023. The improvement in underwriting results was primarily driven by net favorable prior year loss reserve development of $13.1 million for the three months ended September 30, 2024, mainly in A&H due to lower than expected reported attritional losses, compared to net adverse prior year loss reserve development of $6.6 million for the three months ended September 30, 2023, mainly in Workers’ Compensation.

Nine months ended September 30, 2024 and 2023

Insurance & Services gross premiums written were $1,390.5 million for the nine months ended September 30, 2024, a decrease of $181.1 million, or 11.5%, compared to the nine months ended September 30, 2023, primarily driven by the movement of certain lines from Insurance & Services to Corporate, including the non-renewal of a Workers’ Compensation program and the planned transition of a Cyber program to another carrier, representing $331.8 million of gross premiums written for the nine months ended September 30, 2023, as well as lower A&H premiums, partially offset by strategic organic and new program growth.

Insurance & Services generated segment income of $71.4 million for the nine months ended September 30, 2024, compared to income of $69.5 million for the nine months ended September 30, 2023. Segment income for the nine months ended September 30, 2024 consists of underwriting income of $37.2 million (95.6% combined ratio) and net services income of $34.2 million, compared to underwriting income of $34.8 million (96.3% combined ratio) and net services income of $34.7 million for the nine months ended September 30, 2023. The improvement in underwriting income of $2.4 million for the nine months ended September 30, 2024 compared to the nine months ended September 30, 2023 was primarily driven by lower attritional losses in A&H.

Investments

Three months ended September 30, 2024 and 2023

Total net investment income and realized and unrealized investment gains for the three months ended September 30, 2024 was primarily attributable to net investment income related to interest income from our debt and short-term investment portfolio of $81.5 million. Increased investment income is primarily due to increased interest rates and our rotation of the portfolio from cash and cash equivalents and U.S. government and government agency positions to high-grade corporate debt and other securitized assets, in an effort to better diversify our portfolio.

Total net investment income and realized and unrealized investment gains (losses) for the three months ended September 30, 2023 was primarily attributable to investment results from our debt and short-term investment portfolio of $71.0 million driven by dividend and interest income primarily on U.S. treasury bill and corporate debt positions.

Nine months ended September 30, 2024 and 2023

Total net investment income and realized and unrealized investment gains (losses) for the nine months ended September 30, 2024 was primarily attributable to net investment income related to interest income from our debt and short-term investment portfolio of $228.5 million, partially offset by unrealized losses on other long-term investments of $45.8 million. Increased investment income is primarily due to increased interest rates and our rotation of the portfolio from cash and cash equivalents and U.S. government and government agency positions to high-grade corporate debt and other securitized assets, in an effort to better diversify our portfolio. Losses on private other long-term investments were the result of updated fair value analyses consistent with the current insurtech market trends and disposals of positions as we execute our strategy to focus on underwriting relationships with MGAs.

Total net investment income and realized and unrealized investment gains for the nine months ended September 30, 2023 was primarily attributable to net investment income related to interest income from our debt and short-term investment portfolio of $208.5 million. Increased dividend and investment income is due to the ongoing re-positioning of the portfolio to focus on investing in high grade fixed income securities.

Webcast Details

The Company will hold a webcast to discuss its third quarter 2024 results at 8:30 a.m. Eastern Time on November 1, 2024. The webcast of the conference call will be available over the Internet from the Company’s website at www.siriuspt.com under the “Investor Relations” section. Participants should follow the instructions provided on the website to download and install any necessary audio applications. The conference call will be available by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international). Participants should ask for the SiriusPoint Ltd. third quarter 2024 earnings call.

The online replay will be available on the Company's website immediately following the call at www.siriuspt.com under the “Investor Relations” section.

Safe Harbor Statement Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this press release 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 press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “guidance,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. Specific forward-looking statements in this press release include, but are not limited to, statements regarding the trend of our performance as compared to the previous guidance, the success of our strategic transaction with CMIG International Holding Pte. Ltd., the current insurtech market trends, our ability to generate shareholder value and whether we will continue to have momentum in our business in the future. Actual events, results and outcomes may differ materially from the Company’s 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 following: our ability to execute on our strategic transformation, including re-underwriting to reduce volatility and improving underwriting performance, de-risking our investment portfolio, and transforming our business; the impact of unpredictable catastrophic events such as uncertainties with respect to COVID-19 losses across many classes of insurance business and the amount of insurance losses that may ultimately be ceded to the reinsurance market, supply chain issues, labor shortages and related increased costs, changing interest rates and equity market volatility; inadequacy of loss and loss adjustment expense reserves, the lack of available capital, and periods characterized by excess underwriting capacity and unfavorable premium rates; the performance of financial markets, impact of inflation and interest rates, and foreign currency fluctuations; our ability to compete successfully in the insurance and reinsurance market and the effect of consolidation in the insurance and reinsurance industry; technology breaches or failures, including those resulting from a malicious cyber-attack on us, our business partners or service providers; the effects of global climate change, including increased severity and frequency of weather-related natural disasters and catastrophes and increased coastal flooding in many geographic areas; geopolitical uncertainty, including the impact of the U.S. November 2024 presidential and congressional elections, and ongoing conflicts in Europe and the Middle East; our ability to retain key senior management and key employees; a downgrade or withdrawal of our financial ratings; fluctuations in our results of operations; legal restrictions on certain of SiriusPoint’s insurance and reinsurance subsidiaries’ ability to pay dividends and other distributions to SiriusPoint; the outcome of legal and regulatory proceedings and regulatory constraints on our business; reduced returns or losses in SiriusPoint’s investment portfolio; our exposure or potential exposure to corporate income tax in Bermuda and the E.U., U.S. federal income and withholding taxes and our significant deferred tax assets, which could become devalued if we do not generate future taxable income or applicable corporate tax rates are reduced; risks associated

with delegating authority to third party managing general agents, managing general underwriters and/or program administrators; future strategic transactions such as acquisitions, dispositions, investments, mergers or joint ventures; SiriusPoint’s response to any acquisition proposal that may be received from any party, including any actions that may be considered by the Company’s Board of Directors or any committee thereof; and other risks and factors listed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission.

All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures and Other Financial Metrics

In presenting SiriusPoint’s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). SiriusPoint’s management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of SiriusPoint’s financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. Core underwriting income, Core net services income, Core income, and Core combined ratio are non-GAAP financial measures. Management believes it is useful to review Core results as it better reflects how management views the business and reflects the Company’s decision to exit the runoff business. Tangible book value per diluted common share is also a non-GAAP financial measure and the most directly comparable U.S. GAAP measure is book value per common share. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets. Underlying net income and underlying annualized return on equity on average common shareholders’ equity ("ROE") are non-GAAP financial measures. Underlying net income excludes gains (losses) on strategic investments and liability-classified capital instruments, income (expense) related to loss portfolio transfers and development on COVID-19 reserves. Underlying ROE is calculated by dividing annualized underlying net income available to SiriusPoint common shareholders for the period by the average common shareholders’ equity, excluding accumulated other comprehensive income (loss) ("AOCI"). Management believes it is useful to review underlying net income as it better reflects how it views the business and exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP figures are included in the attached financial information in accordance with Regulation G and Item 10(e) of Regulation S-K, as applicable.

About the Company

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Stable) from AM Best, S&P and Fitch, and A3 (Stable) from Moody’s. For more information please visit www.siriuspt.com.

Contacts

Investor Relations

Liam Blackledge - Senior Associate, Investor Relations and Strategy

Liam.Blackledge@siriuspt.com

+ 44 203 772 3082

Media

Natalie King - Global Head of Marketing and External Communications

Natalie.King@siriuspt.com

+ 44 20 3772 3102

SIRIUSPOINT LTD.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of September 30, 2024 and December 31, 2023

(expressed in millions of U.S. dollars, except per share and share amounts)



	September 30, 2024		December 31, 2023
Assets
Debt securities, available for sale, at fair value, net of allowance for credit losses of $0.0 (2023 - $0.0) (cost - $5,316.3; 2023 - $4,754.6)	$	5,411.8	$	4,755.4
Debt securities, trading, at fair value (cost - $250.3; 2023 - $568.1)	233.1		534.9
Short-term investments, at fair value (cost - $52.2; 2023 - $370.8)	52.4		371.6
Investments in related party investment funds, at fair value	114.5		105.6
Other long-term investments, at fair value (cost - $329.8; 2023 - $358.1) (includes related party investments at fair value of $146.5 (2023 - $173.7))	236.1		310.1

Total investments	6,047.9		6,077.6
Cash and cash equivalents	640.7		969.2
Restricted cash and cash equivalents	174.5		132.1

Redemption receivable from related party investment fund	—		3.0
Due from brokers	13.9		5.6
Interest and dividends receivable	49.4		42.3
Insurance and reinsurance balances receivable, net	2,069.1		1,966.3
Deferred acquisition costs, net	330.0		308.9
Unearned premiums ceded	467.2		449.2
Loss and loss adjustment expenses recoverable, net	2,198.7		2,295.1
Deferred tax asset	249.2		293.6
Intangible assets	143.8		152.7

Other assets	298.1		175.9
Total assets	$	12,682.5	$	12,871.5
Liabilities
Loss and loss adjustment expense reserves	$	5,702.1	$	5,608.1
Unearned premium reserves	1,684.0		1,627.3
Reinsurance balances payable	1,509.6		1,736.7
Deposit liabilities	20.2		134.4
Deferred gain on retroactive reinsurance	21.7		27.9
Debt	660.5		786.2


Due to brokers	23.1		6.2
Deferred tax liability	38.9		68.7
Liability-classified capital instruments	58.4		67.3
Accounts payable, accrued expenses and other liabilities	267.5		278.1
Total liabilities	9,986.0		10,340.9
Commitments and contingent liabilities
Shareholders’ equity

Series B preference shares (par value $0.10; authorized and issued: 8,000,000)	200.0		200.0
Common shares (issued and outstanding: 161,866,867; 2023 - 168,120,022)	16.2		16.8
Additional paid-in capital	1,591.0		1,693.0
Retained earnings	806.2		601.0
Accumulated other comprehensive income, net of tax	81.5		3.1
Shareholders’ equity attributable to SiriusPoint shareholders	2,694.9		2,513.9
Noncontrolling interests	1.6		16.7
Total shareholders’ equity	2,696.5		2,530.6
Total liabilities, noncontrolling interests and shareholders’ equity	$	12,682.5	$	12,871.5

SIRIUSPOINT LTD.

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

For the three and nine months ended September 30, 2024 and 2023

(expressed in millions of U.S. dollars, except per share and share amounts)


	Three months ended				Nine months ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Revenues
Net premiums earned	$	568.9	$	613.0	$	1,753.2	$	1,848.2
Net investment income	77.7		75.1		234.7		205.3
Net realized and unrealized investment gains (losses)	6.9		(7.1)		(48.0)		2.4
Net realized and unrealized investment gains from related party investment funds	7.9		0.1		8.9		—
Net investment income and net realized and unrealized investment gains (losses)	92.5		68.1		195.6		207.7
Other revenues	18.1		21.8		164.8		80.0
Loss on settlement and change in fair value of liability-classified capital instruments	(117.3)		(0.3)		(122.6)		(44.4)
Total revenues	562.2		702.6		1,991.0		2,091.5
Expenses
Loss and loss adjustment expenses incurred, net	317.5		373.1		999.4		1,015.9
Acquisition costs, net	117.5		129.5		382.3		361.0
Other underwriting expenses	44.9		36.6		127.8		132.1
Net corporate and other expenses	51.4		63.4		174.0		193.7
Intangible asset amortization	3.0		2.9		8.9		8.2
Interest expense	13.8		19.8		50.0		44.3
Foreign exchange (gains) losses	3.0		(1.8)		2.9		15.7
Total expenses	551.1		623.5		1,745.3		1,770.9
Income before income tax expense	11.1		79.1		245.7		320.6
Income tax expense	(2.4)		(15.3)		(26.3)		(56.6)
Net income	8.7		63.8		219.4		264.0
Net income attributable to noncontrolling interests	(0.2)		(2.3)		(2.2)		(6.7)
Net income available to SiriusPoint	8.5		61.5		217.2		257.3
Dividends on Series B preference shares	(4.0)		(4.0)		(12.0)		(12.0)
Net income available to SiriusPoint common shareholders	$	4.5	$	57.5	$	205.2	$	245.3
Earnings per share available to SiriusPoint common shareholders
Basic earnings per share available to SiriusPoint common shareholders	$	0.03	$	0.33	$	1.15	$	1.40
Diluted earnings per share available to SiriusPoint common shareholders	$	0.03	$	0.32	$	1.11	$	1.36
Weighted average number of common shares used in the determination of earnings per share
Basic	165,659,401		163,738,528		168,275,970		162,233,695
Diluted	172,803,298		168,516,508		174,261,326		166,920,744

SIRIUSPOINT LTD.

SEGMENT REPORTING


	Three months ended September 30, 2024
	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	314.5		$	376.0		$	690.5		$	—	$	23.5	$	—	$	714.0
Net premiums written	268.3			235.3			503.6			—		0.6		—		504.2
Net premiums earned	269.4			276.9			546.3			—		22.6		—		568.9
Loss and loss adjustment expenses incurred, net	137.6			170.1			307.7			(1.4)		11.2		—		317.5
Acquisition costs, net	69.8			65.9			135.7			(24.1)		5.9		—		117.5
Other underwriting expenses	20.4			20.0			40.4			—		4.5		—		44.9
Underwriting income	41.6			20.9			62.5			25.5		1.0		—		89.0
Services revenues	—			48.1			48.1			(29.9)		—		(18.2)		—
Services expenses	—			41.3			41.3			—		—		(41.3)		—
Net services fee income	—			6.8			6.8			(29.9)		—		23.1		—
Services noncontrolling loss	—			0.2			0.2			—		—		(0.2)		—

Net services income	—			7.0			7.0			(29.9)		—		22.9		—
Segment income	41.6			27.9			69.5			(4.4)		1.0		22.9		89.0
Net investment income												77.7		—		77.7
Net realized and unrealized investment gains												6.9		—		6.9
Net realized and unrealized investment gains from related party investment funds												7.9		—		7.9
Other revenues												(0.1)		18.2		18.1
Loss on settlement and change in fair value of liability-classified capital instruments												(117.3)		—		(117.3)
Net corporate and other expenses												(10.1)		(41.3)		(51.4)
Intangible asset amortization												(3.0)		—		(3.0)
Interest expense												(13.8)		—		(13.8)
Foreign exchange losses												(3.0)		—		(3.0)
Income (loss) before income tax expense	$	41.6		$	27.9		69.5			(4.4)		(53.8)		(0.2)		11.1
Income tax expense							—			—		(2.4)		—		(2.4)
Net income (loss)							69.5			(4.4)		(56.2)		(0.2)		8.7
Net (income) loss attributable to noncontrolling interest							—			—		(0.4)		0.2		(0.2)
Net income (loss) available to SiriusPoint							$	69.5		$	(4.4)	$	(56.6)	$	—	$	8.5

Underwriting Ratios: (1)
Loss ratio	51.1		%	61.4		%	56.3		%							55.8		%
Acquisition cost ratio	25.9		%	23.8		%	24.8		%							20.7		%
Other underwriting expenses ratio	7.6		%	7.2		%	7.4		%							7.9		%
Combined ratio	84.6		%	92.4		%	88.5		%							84.4		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.


	Three months ended September 30, 2023
	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	265.4		$	460.1		$	725.5		$	—	$	33.3	$	—	$	758.8
Net premiums written	243.2			290.4			533.6			—		32.4		—		566.0
Net premiums earned	256.9			318.4			575.3			—		37.7		—		613.0
Loss and loss adjustment expenses incurred, net	136.2			219.6			355.8			(1.2)		18.5		—		373.1
Acquisition costs, net	69.4			76.3			145.7			(37.2)		21.0		—		129.5
Other underwriting expenses	14.4			16.9			31.3			—		5.3		—		36.6
Underwriting income (loss)	36.9			5.6			42.5			38.4		(7.1)		—		73.8
Services revenues	(0.2)			58.8			58.6			(38.3)		—		(20.3)		—
Services expenses	—			48.7			48.7			—		—		(48.7)		—
Net services fee income (loss)	(0.2)			10.1			9.9			(38.3)		—		28.4		—
Services noncontrolling income	—			(2.4)			(2.4)			—		—		2.4		—

Net services income (loss)	(0.2)			7.7			7.5			(38.3)		—		30.8		—
Segment income (loss)	36.7			13.3			50.0			0.1		(7.1)		30.8		73.8
Net investment income												75.1		—		75.1
Net realized and unrealized investment losses												(7.1)		—		(7.1)
Net realized and unrealized investment gains from related party investment funds												0.1		—		0.1
Other revenues												1.5		20.3		21.8
Loss on settlement and change in fair value of liability-classified capital instruments												(0.3)		—		(0.3)
Net corporate and other expenses												(14.7)		(48.7)		(63.4)
Intangible asset amortization												(2.9)		—		(2.9)
Interest expense												(19.8)		—		(19.8)
Foreign exchange gains												1.8		—		1.8
Income before income tax expense	$	36.7		$	13.3		50.0			0.1		26.6		2.4		79.1
Income tax expense							—			—		(15.3)		—		(15.3)
Net income							50.0			0.1		11.3		2.4		63.8
Net (income) loss attributable to noncontrolling interest							—			—		0.1		(2.4)		(2.3)
Net income available to SiriusPoint							$	50.0		$	0.1	$	11.4	$	—	$	61.5

Underwriting Ratios: (1)
Loss ratio	53.0		%	69.0		%	61.8		%							60.9		%
Acquisition cost ratio	27.0		%	24.0		%	25.3		%							21.1		%
Other underwriting expenses ratio	5.6		%	5.3		%	5.4		%							6.0		%
Combined ratio	85.6		%	98.3		%	92.5		%							88.0		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.


	Nine months ended September 30, 2024
	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	1,023.4		$	1,390.5		$	2,413.9		$	—	$	71.2	$	—	$	2,485.1
Net premiums written	867.2			913.5			1,780.7			—		6.4		—		1,787.1
Net premiums earned	779.2			838.3			1,617.5			—		135.7		—		1,753.2
Loss and loss adjustment expenses incurred, net	406.0			538.8			944.8			(4.1)		58.7		—		999.4
Acquisition costs, net	206.8			206.9			413.7			(93.8)		62.4		—		382.3
Other underwriting expenses	59.9			55.4			115.3			—		12.5		—		127.8
Underwriting income	106.5			37.2			143.7			97.9		2.1		—		243.7
Services revenues	—			171.3			171.3			(101.4)		—		(69.9)		—
Services expenses	—			135.0			135.0			—		—		(135.0)		—
Net services fee income	—			36.3			36.3			(101.4)		—		65.1		—
Services noncontrolling income	—			(2.1)			(2.1)			—		—		2.1		—

Net services income	—			34.2			34.2			(101.4)		—		67.2		—
Segment income	106.5			71.4			177.9			(3.5)		2.1		67.2		243.7
Net investment income												234.7		—		234.7
Net realized and unrealized investment losses												(48.0)		—		(48.0)
Net realized and unrealized investment gains from related party investment funds												8.9		—		8.9
Other revenues												94.9		69.9		164.8
Loss on settlement and change in fair value of liability-classified capital instruments												(122.6)		—		(122.6)
Net corporate and other expenses												(39.0)		(135.0)		(174.0)
Intangible asset amortization												(8.9)		—		(8.9)
Interest expense												(50.0)		—		(50.0)
Foreign exchange losses												(2.9)		—		(2.9)
Income before income tax expense	$	106.5		$	71.4		177.9			(3.5)		69.2		2.1		245.7
Income tax expense							—			—		(26.3)		—		(26.3)
Net income							177.9			(3.5)		42.9		2.1		219.4
Net income attributable to noncontrolling interests							—			—		(0.1)		(2.1)		(2.2)
Net income available to SiriusPoint							$	177.9		$	(3.5)	$	42.8	$	—	$	217.2

Underwriting Ratios: (1)
Loss ratio	52.1		%	64.3		%	58.4		%							57.0		%
Acquisition cost ratio	26.5		%	24.7		%	25.6		%							21.8		%
Other underwriting expenses ratio	7.7		%	6.6		%	7.1		%							7.3		%
Combined ratio	86.3		%	95.6		%	91.1		%							86.1		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.


	Nine months ended September 30, 2023
	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	1,019.3		$	1,571.6		$	2,590.9		$	—	$	120.9	$	—	$	2,711.8
Net premiums written	866.1			1,019.4			1,885.5			—		97.8		—		1,983.3
Net premiums earned	788.2			934.0			1,722.2			—		126.0		—		1,848.2
Loss and loss adjustment expenses incurred, net	368.5			608.8			977.3			(4.0)		42.6		—		1,015.9
Acquisition costs, net	186.7			228.7			415.4			(105.6)		51.2		—		361.0
Other underwriting expenses	54.6			61.7			116.3			—		15.8		—		132.1
Underwriting income	178.4			34.8			213.2			109.6		16.4		—		339.2
Services revenues	(2.8)			184.6			181.8			(109.6)		—		(72.2)		—
Services expenses	—			144.2			144.2			—		—		(144.2)		—
Net services fee income (loss)	(2.8)			40.4			37.6			(109.6)		—		72.0		—
Services noncontrolling income	—			(5.7)			(5.7)			—		—		5.7		—

Net services income (loss)	(2.8)			34.7			31.9			(109.6)		—		77.7		—
Segment income	175.6			69.5			245.1			—		16.4		77.7		339.2
Net investment income												205.3		—		205.3
Net realized and unrealized investment gains												2.4		—		2.4

Other revenues												7.8		72.2		80.0
Loss on settlement and change in fair value of liability-classified capital instruments												(44.4)		—		(44.4)
Net corporate and other expenses												(49.5)		(144.2)		(193.7)
Intangible asset amortization												(8.2)		—		(8.2)
Interest expense												(44.3)		—		(44.3)
Foreign exchange losses												(15.7)		—		(15.7)
Income before income tax expense	$	175.6		$	69.5		245.1			—		69.8		5.7		320.6
Income tax expense							—			—		(56.6)		—		(56.6)
Net income							245.1			—		13.2		5.7		264.0
Net income attributable to noncontrolling interests							—			—		(1.0)		(5.7)		(6.7)
Net income available to SiriusPoint							$	245.1		$	—	$	12.2	$	—	$	257.3

Underwriting Ratios: (1)
Loss ratio	46.8		%	65.2		%	56.7		%							55.0		%
Acquisition cost ratio	23.7		%	24.5		%	24.1		%							19.5		%
Other underwriting expenses ratio	6.9		%	6.6		%	6.8		%							7.1		%
Combined ratio	77.4		%	96.3		%	87.6		%							81.6		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

SIRIUSPOINT LTD.

NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS & OTHER FINANCIAL MEASURES

Non-GAAP Financial Measures

Core Results

Collectively, the sum of the Company's two segments, Reinsurance and Insurance & Services, constitute "Core" results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

Core underwriting income - calculated by subtracting loss and loss adjustment expenses incurred, net, acquisition costs, net, and other underwriting expenses from net premiums earned.

Core net services income - consists of services revenues which include commissions, brokerage and fee income related to consolidated MGAs, and other revenues, and services expenses which include direct expenses related to consolidated MGAs, services noncontrolling income which represent minority ownership interests in consolidated MGAs. Net services income is a key indicator of the profitability of the Company's services provided.

Core income - consists of two components, core underwriting income and core net services income. Core income is a key measure of our segment performance.

Core combined ratio - calculated by dividing the sum of Core loss and loss adjustment expenses incurred, net, acquisition costs, net and other underwriting expenses by Core net premiums earned. Accident year loss ratio and accident year combined ratio are calculated by excluding prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the Core loss ratio and Core combined ratio, respectively. Attritional loss ratio excludes catastrophe losses from the accident year loss ratio as they are not predictable as to timing and amount. These ratios are useful indicators of our underwriting profitability.

Tangible Book Value Per Diluted Common Share

Tangible book value per diluted common share, as presented, is a non-GAAP financial measure and the most directly comparable U.S. GAAP measure is book value per common share. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets.

The following table sets forth the computation of book value per common share, book value per diluted common share and tangible book value per diluted common share as of September 30, 2024 and December 31, 2023:


	September 30, 2024		December 31, 2023
	($ in millions, except share and per share amounts)


Common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,494.9	$	2,313.9


Intangible assets	(143.8)		(152.7)
Tangible common shareholders' equity attributable to SiriusPoint common shareholders	$	2,351.1	$	2,161.2

Common shares outstanding	161,866,867		168,120,022
Effect of dilutive stock options, restricted share units and warrants	7,547,229		5,193,920
Book value per diluted common share denominator	169,414,096		173,313,942



Book value per common share	$	15.41	$	13.76
Book value per diluted common share	$	14.73	$	13.35
Tangible book value per diluted common share	$	13.88	$	12.47

Other Financial Measures

Annualized Return on Average Common Shareholders’ Equity Attributable to SiriusPoint Common Shareholders

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders is calculated by dividing annualized net income available to SiriusPoint common shareholders for the period by the average common shareholders’ equity determined using the common shareholders’ equity balances at the beginning and end of the period.

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders for the three and nine months ended September 30, 2024 and 2023 was calculated as follows:


	Three months ended						Nine months ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023
	($ in millions)
Net income available to SiriusPoint common shareholders	$	4.5		$	57.5		$	205.2		$	245.3
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period	2,504.1			2,036.0			2,313.9			1,874.7


Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period	2,494.9			2,050.0			2,494.9			2,050.0
Average common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,499.5		$	2,043.0		$	2,404.4		$	1,962.4

Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders	0.7		%	11.3		%	11.4		%	16.7		%

SiriusPoint Ltd.

Financial Supplement

September 30, 2024

(UNAUDITED)

This financial supplement is for informational purposes only. It should be read in conjunction with documents filed with the Securities and Exchange Commission by SiriusPoint Ltd., including the Company’s Quarterly Report on Form 10-Q.


Point Building						Liam Blackledge - Senior Associate, Investor Relations and Strategy
3 Waterloo Lane						Tel: + 44 203 772 3082
Pembroke HM 08						Email: investor.relations@siriuspt.com
Bermuda						Website: www.siriuspt.com

SiriusPoint Ltd.

Basis of Presentation and Non-GAAP Financial Measures:

Unless the context otherwise indicates or requires, as used in this financial supplement references to “we,” “our,” “us,” the “Company,” and "SiriusPoint" refer to SiriusPoint Ltd. and its directly and indirectly owned subsidiaries, as a combined entity, except where otherwise stated or where it is clear that the terms mean only SiriusPoint Ltd. exclusive of its subsidiaries. We have made rounding adjustments to reach some of the figures included in this financial supplement and, unless otherwise indicated, percentages presented in this financial supplement are approximate.

Safe Harbor Statement Regarding Forward-Looking Statements:

This financial supplement includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this financial supplement 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 financial supplement. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. Actual events, results and outcomes may differ materially from the Company’s 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 following: our ability to execute on our strategic transformation, including re-underwriting to reduce volatility and improving underwriting performance, de-risking our investment portfolio, and transforming our business; the impact of unpredictable catastrophic events such as uncertainties with respect to COVID-19 losses across many classes of insurance business and the amount of insurance losses that may ultimately be ceded to the reinsurance market, supply chain issues, labor shortages and related increased costs, changing interest rates and equity market volatility; inadequacy of loss and loss adjustment expense reserves, the lack of available capital, and periods characterized by excess underwriting capacity and unfavorable premium rates; the performance of financial markets, impact of inflation and interest rates, and foreign currency fluctuations; our ability to compete successfully in the insurance and reinsurance market and the effect of consolidation in the insurance and reinsurance industry; technology breaches or failures, including those resulting from a malicious cyber-attack on us, our business partners or service providers; the effects of global climate change, including increased severity and frequency of weather-related natural disasters and catastrophes and increased coastal flooding in many geographic areas; geopolitical uncertainty, including the impact of the U.S. November 2024 presidential and congressional elections, and ongoing conflicts in Europe and the Middle East; our ability to retain key senior management and key employees; a downgrade or withdrawal of our financial ratings; fluctuations in our results of operations; legal restrictions on certain of SiriusPoint’s insurance and reinsurance subsidiaries’ ability to pay dividends and other distributions to SiriusPoint; the outcome of legal and regulatory proceedings and regulatory constraints on our business; reduced returns or losses in SiriusPoint’s investment portfolio; our exposure or potential exposure to corporate income tax in Bermuda and the E.U., U.S. federal income and withholding taxes and our significant deferred tax assets, which could become devalued if we do not generate future taxable income or applicable corporate tax rates are reduced; risks associated with delegating authority to third party managing general agents, managing general underwriters and/or program administrators; future strategic transactions such as acquisitions, dispositions, investments, mergers or joint ventures; SiriusPoint’s response to any acquisition proposal that may be received from any party, including any actions that may be considered by the Company’s Board of Directors or any committee thereof; and other risks and factors listed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission.

Page 2 of 21

SiriusPoint Ltd.

Table of Contents



Key Performance Indicators
Key Performance Indicators						4

Consolidated Financial Statements
Consolidated Balance Sheets - by Quarter						5
Consolidated Statements of Income						6
Consolidated Statements of Income - by Quarter						7
Consolidated Statements of Comprehensive Income - by Quarter						8

Operating Segment Information
Segment Reporting - Three months ended September 30, 2024						9
Segment Reporting - Three months ended September 30, 2023						10
Segment Reporting - Nine months ended September 30, 2024						11
Segment Reporting - Nine months ended September 30, 2023						12


Consolidated Results - by Quarter						13
Core Results - by Quarter						14
Reinsurance Segment - by Quarter						15
Insurance & Services Segment - by Quarter						16

Investments
Investments - by Quarter						17


Other

Earnings per Share - by Quarter						18
Annualized Return on Average Common Shareholders’ Equity - by Quarter						19
Book Value per Share - by Quarter						20
Net Corporate and Other Expenses						21

Page 3 of 21

SiriusPoint Ltd.

Key Performance Indicators

September 30, 2024 and 2023

(expressed in millions of U.S. dollars, except per share data and ratios)


	Three months ended						Nine months ended
	September 30, 2024			September 30, 2023			September 30, 2024			September 30, 2023

Combined ratio	84.4		%	88.0		%	86.1		%	81.6		%
Core underwriting income (1)	$	62.5		$	42.5		$	143.7		$	213.2
Core net services income (1)	$	7.0		$	7.5		$	34.2		$	31.9
Core income (1)	$	69.5		$	50.0		$	177.9		$	245.1
Core combined ratio (1)	88.5		%	92.5		%	91.1		%	87.6		%
Accident year loss ratio (1)	61.8		%	64.0		%	61.0		%	64.3		%
Accident year combined ratio (1)	94.0		%	94.8		%	93.7		%	95.2		%
Attritional loss ratio (1)	59.8		%	62.9		%	60.0		%	63.4		%
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders	0.7		%	11.3		%	11.4		%	16.7		%
Book value per common share (2)	$	15.41		$	13.76		$	15.41		$	13.76
Book value per diluted common share (2)	$	14.73		$	13.35		$	14.73		$	13.35
Tangible book value per diluted common share (1) (2)	$	13.88		$	12.47		$	13.88		$	12.47

(1)Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See reconciliations in “Segment Reporting.” Accident year combined ratio, accident year loss ratio and attritional loss ratio are non-GAAP financial measures. See definitions in “Core Results by Quarter.” Tangible book value per diluted common share is a non-GAAP financial measure. See reconciliation in “Book Value per Share - by Quarter.”

(2)Prior year comparatives represent amounts as of December 31, 2023.

Page 4 of 21

SiriusPoint Ltd.

Consolidated Balance Sheets - by Quarter

(expressed in millions of U.S. dollars)


	September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023
Assets
Debt securities, available for sale, at fair value, net of allowance for credit losses	$	5,411.8	$	5,345.3	$	5,057.5	$	4,755.4	$	4,423.3
Debt securities, trading, at fair value	233.1		307.7		406.0		534.9		616.4
Short-term investments, at fair value	52.4		97.5		329.9		371.6		548.7
Investments in related party investment funds, at fair value	114.5		106.6		105.6		105.6		109.9
Other long-term investments, at fair value	236.1		241.7		298.2		310.1		327.7

Total investments	6,047.9		6,098.8		6,197.2		6,077.6		6,026.0
Cash and cash equivalents	640.7		598.1		867.5		969.2		703.5
Restricted cash and cash equivalents	174.5		125.9		218.9		132.1		107.7

Redemption receivable from related party investment fund	—		—		—		3.0		2.4
Due from brokers	13.9		28.6		16.4		5.6		21.5
Interest and dividends receivable	49.4		50.7		44.5		42.3		41.1
Insurance and reinsurance balances receivable, net	2,069.1		2,120.2		2,127.2		1,966.3		2,057.6
Deferred acquisition costs, net	330.0		341.9		320.8		308.9		333.0
Unearned premiums ceded	467.2		496.1		494.8		449.2		464.7
Loss and loss adjustment expenses recoverable, net	2,198.7		2,191.5		2,233.8		2,295.1		2,314.2
Deferred tax asset	249.2		285.1		290.7		293.6		180.6
Intangible assets	143.8		146.8		149.8		152.7		155.6

Other assets	298.1		280.3		174.2		175.9		183.3
Total assets	$	12,682.5	$	12,764.0	$	13,135.8	$	12,871.5	$	12,591.2
Liabilities
Loss and loss adjustment expense reserves	$	5,702.1	$	5,606.0	$	5,565.3	$	5,608.1	$	5,448.8
Unearned premium reserves	1,684.0		1,769.7		1,715.7		1,627.3		1,762.8
Reinsurance balances payable	1,509.6		1,544.5		1,780.5		1,736.7		1,733.4
Deposit liabilities	20.2		22.1		128.8		134.4		135.8
Deferred gain on retroactive reinsurance	21.7		23.0		25.8		27.9		25.8
Debt	660.5		648.6		770.6		786.2		763.5


Due to brokers	23.1		40.2		60.7		6.2		39.1
Deferred tax liability	38.9		56.1		48.9		68.7		81.2
Liability-classified capital instruments	58.4		72.6		83.2		67.3		62.0
Accounts payable, accrued expenses and other liabilities	267.5		275.7		335.9		278.1		273.4
Total liabilities	9,986.0		10,058.5		10,515.4		10,340.9		10,325.8
Commitments and contingent liabilities

Shareholders’ equity

Series B preference shares	200.0		200.0		200.0		200.0		200.0
Common shares	16.2		17.1		17.0		16.8		16.5
Additional paid-in capital	1,591.0		1,713.3		1,711.2		1,693.0		1,661.4
Retained earnings	806.2		801.7		691.8		601.0		507.5
Accumulated other comprehensive income (loss), net of tax	81.5		(28.0)		(17.4)		3.1		(135.4)
Shareholders’ equity attributable to SiriusPoint shareholders	2,694.9		2,704.1		2,602.6		2,513.9		2,250.0
Noncontrolling interests	1.6		1.4		17.8		16.7		15.4
Total shareholders’ equity	2,696.5		2,705.5		2,620.4		2,530.6		2,265.4
Total liabilities, noncontrolling interests and shareholders’ equity	$	12,682.5	$	12,764.0	$	13,135.8	$	12,871.5	$	12,591.2

Page 5 of 21

SiriusPoint Ltd.

Consolidated Statements of Income

(expressed in millions of U.S. dollars, except share and per share data)


	Three months ended				Nine months ended
	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Revenues
Net premiums earned	$	568.9	$	613.0	$	1,753.2	$	1,848.2
Net investment income	77.7		75.1		234.7		205.3
Net realized and unrealized investment gains (losses)	6.9		(7.1)		(48.0)		2.4
Net realized and unrealized investment gains from related party investment funds	7.9		0.1		8.9		—
Net investment income and net realized and unrealized investment gains (losses)	92.5		68.1		195.6		207.7
Other revenues	18.1		21.8		164.8		80.0
Loss on settlement and change in fair value of liability-classified capital instruments	(117.3)		(0.3)		(122.6)		(44.4)
Total revenues	562.2		702.6		1,991.0		2,091.5
Expenses
Loss and loss adjustment expenses incurred, net	317.5		373.1		999.4		1,015.9
Acquisition costs, net	117.5		129.5		382.3		361.0
Other underwriting expenses	44.9		36.6		127.8		132.1
Net corporate and other expenses	51.4		63.4		174.0		193.7
Intangible asset amortization	3.0		2.9		8.9		8.2
Interest expense	13.8		19.8		50.0		44.3
Foreign exchange (gains) losses	3.0		(1.8)		2.9		15.7
Total expenses	551.1		623.5		1,745.3		1,770.9
Income before income tax expense	11.1		79.1		245.7		320.6
Income tax expense	(2.4)		(15.3)		(26.3)		(56.6)
Net income	8.7		63.8		219.4		264.0
Net income attributable to noncontrolling interests	(0.2)		(2.3)		(2.2)		(6.7)
Net income available to SiriusPoint	8.5		61.5		217.2		257.3
Dividends on Series B preference shares	(4.0)		(4.0)		(12.0)		(12.0)
Net income available to SiriusPoint common shareholders	$	4.5	$	57.5	$	205.2	$	245.3
Earnings per share available to SiriusPoint common shareholders
Basic earnings per share available to SiriusPoint common shareholders (1)	$	0.03	$	0.33	$	1.15	$	1.40
Diluted earnings per share available to SiriusPoint common shareholders (1)	$	0.03	$	0.32	$	1.11	$	1.36
Weighted average number of common shares used in the determination of earnings per share
Basic	165,659,401		163,738,528		168,275,970		162,233,695
Diluted	172,803,298		168,516,508		174,261,326		166,920,744

(1) Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. The weighted average number of common shares excludes any dilutive effect of outstanding warrants, options and unvested restricted shares. Diluted earnings per share is based on the weighted average number of common shares and participating securities outstanding and includes any dilutive effects of warrants, options and unvested restricted shares under share plans and are determined using the treasury stock method. U.S. GAAP requires that participating securities be treated in the same manner as outstanding shares for earnings per share calculations. The Company treats certain of its unvested restricted shares as participating securities. In the event of a net loss, all participating securities, outstanding warrants, options and restricted shares are excluded from both basic and diluted loss per share since their inclusion would be anti-dilutive.

Page 6 of 21

SiriusPoint Ltd.

Consolidated Statements of Income - by Quarter

(expressed in millions of U.S. dollars, except share and per share data)


	September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023
Revenues
Net premiums earned	$	568.9	$	590.5	$	593.8	$	578.0	$	613.0
Net investment income	77.7		78.2		78.8		78.4		75.1
Net realized and unrealized investment gains (losses)	6.9		(55.9)		1.0		(12.4)		(7.1)
Net realized and unrealized investment gains (losses) from related party investment funds	7.9		1.0		—		(1.0)		0.1
Net investment income and net realized and unrealized investment gains (losses)	92.5		23.3		79.8		65.0		68.1
Other revenues	18.1		118.9		27.8		17.8		21.8
Loss on settlement and change in fair value of liability-classified capital instruments	(117.3)		10.6		(15.9)		(15.0)		(0.3)
Total revenues	562.2		743.3		685.5		645.8		702.6
Expenses
Loss and loss adjustment expenses incurred, net	317.5		364.4		317.5		365.4		373.1
Acquisition costs, net	117.5		119.9		144.9		111.7		129.5
Other underwriting expenses	44.9		41.1		41.8		64.2		36.6
Net corporate and other expenses	51.4		66.6		56.0		64.5		63.4
Intangible asset amortization	3.0		3.0		2.9		2.9		2.9
Interest expense	13.8		15.7		20.5		19.8		19.8
Foreign exchange (gains) losses	3.0		3.6		(3.7)		19.2		(1.8)
Total expenses	551.1		614.3		579.9		647.7		623.5
Income (loss) before income tax (expense) benefit	11.1		129.0		105.6		(1.9)		79.1
Income tax (expense) benefit	(2.4)		(14.2)		(9.7)		101.6		(15.3)
Net income	8.7		114.8		95.9		99.7		63.8
Net income attributable to noncontrolling interests	(0.2)		(0.9)		(1.1)		(2.2)		(2.3)
Net income available to SiriusPoint	8.5		113.9		94.8		97.5		61.5
Dividends on Series B preference shares	(4.0)		(4.0)		(4.0)		(4.0)		(4.0)
Net income available to SiriusPoint common shareholders	$	4.5	$	109.9	$	90.8	$	93.5	$	57.5
Earnings per share available to SiriusPoint common shareholders
Basic earnings per share available to SiriusPoint common shareholders (1)	$	0.03	$	0.60	$	0.50	$	0.52	$	0.33
Diluted earnings per share available to SiriusPoint common shareholders (1)	$	0.03	$	0.57	$	0.49	$	0.50	$	0.32
Weighted average number of common shares used in the determination of earnings per share
Basic	165,659,401		170,173,022		168,934,114		166,640,624		163,738,528
Diluted	172,803,298		178,711,254		174,380,963		173,609,940		168,516,508

(1) Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. The Company treats certain of its unvested restricted shares and preference shares as participating securities. The weighted average number of common shares excludes any dilutive effect of outstanding warrants, options or restricted share awards and units. Diluted earnings per share is based on the weighted average number of common shares outstanding and includes any dilutive effects of warrants, options, restricted share awards and units, and is determined using the treasury stock method. In the event of a net loss, all participating securities, outstanding warrants, options and restricted shares and units are excluded from both basic and diluted loss per share since their inclusion would be anti-dilutive.

Page 7 of 21

SiriusPoint Ltd.

Consolidated Statements of Comprehensive Income - by Quarter

(expressed in millions of U.S. dollars)


	September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023
Comprehensive income
Net income	$	8.7	$	114.8	$	95.9	$	99.7	$	63.8
Other comprehensive income (loss), net of tax
Change in foreign currency translation adjustment	0.4		(0.1)		(1.8)		1.0		(1.1)
Unrealized gains (losses) from debt securities held as available for sale investments	112.2		(3.4)		(18.4)		128.8		(56.2)
Reclassifications from accumulated other comprehensive income (loss)	(3.1)		(7.1)		(0.3)		8.7		(2.2)
Total other comprehensive income (loss)	109.5		(10.6)		(20.5)		138.5		(59.5)
Comprehensive income	118.2		104.2		75.4		238.2		4.3
Net income attributable to noncontrolling interests	(0.2)		(0.9)		(1.1)		(2.2)		(2.3)
Comprehensive income available to SiriusPoint	$	118.0	$	103.3	$	74.3	$	236.0	$	2.0

Page 8 of 21

SiriusPoint Ltd.

Segment Reporting - Three months ended September 30, 2024

(expressed in millions of U.S. dollars, except ratios)



	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	314.5		$	376.0		$	690.5		$	—	$	23.5	$	—	$	714.0
Net premiums written	268.3			235.3			503.6			—		0.6		—		504.2
Net premiums earned	269.4			276.9			546.3			—		22.6		—		568.9
Loss and loss adjustment expenses incurred, net	137.6			170.1			307.7			(1.4)		11.2		—		317.5
Acquisition costs, net	69.8			65.9			135.7			(24.1)		5.9		—		117.5
Other underwriting expenses	20.4			20.0			40.4			—		4.5		—		44.9
Underwriting income	41.6			20.9			62.5			25.5		1.0		—		89.0
Services revenues	—			48.1			48.1			(29.9)		—		(18.2)		—
Services expenses	—			41.3			41.3			—		—		(41.3)		—
Net services fee income	—			6.8			6.8			(29.9)		—		23.1		—
Services noncontrolling loss	—			0.2			0.2			—		—		(0.2)		—

Net services income	—			7.0			7.0			(29.9)		—		22.9		—
Segment income	41.6			27.9			69.5			(4.4)		1.0		22.9		89.0
Net investment income												77.7		—		77.7
Net realized and unrealized investment gains												6.9		—		6.9
Net realized and unrealized investment gains from related party investment funds												7.9		—		7.9
Other revenues												(0.1)		18.2		18.1
Loss on settlement and change in fair value of liability-classified capital instruments												(117.3)		—		(117.3)
Net corporate and other expenses												(10.1)		(41.3)		(51.4)
Intangible asset amortization												(3.0)		—		(3.0)
Interest expense												(13.8)		—		(13.8)
Foreign exchange losses												(3.0)		—		(3.0)
Income (loss) before income tax expense	$	41.6		$	27.9		69.5			(4.4)		(53.8)		(0.2)		11.1
Income tax expense							—			—		(2.4)		—		(2.4)
Net income (loss)							69.5			(4.4)		(56.2)		(0.2)		8.7
Net (income) loss attributable to noncontrolling interest							—			—		(0.4)		0.2		(0.2)
Net income (loss) available to SiriusPoint							$	69.5		$	(4.4)	$	(56.6)	$	—	$	8.5

Underwriting Ratios: (1)
Loss ratio	51.1		%	61.4		%	56.3		%							55.8		%
Acquisition cost ratio	25.9		%	23.8		%	24.8		%							20.7		%
Other underwriting expenses ratio	7.6		%	7.2		%	7.4		%							7.9		%
Combined ratio	84.6		%	92.4		%	88.5		%							84.4		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

Page 9 of 21

SiriusPoint Ltd.

Segment Reporting - Three months ended September 30, 2023

(expressed in millions of U.S. dollars, except ratios)



	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	265.4		$	460.1		$	725.5		$	—	$	33.3	$	—	$	758.8
Net premiums written	243.2			290.4			533.6			—		32.4		—		566.0
Net premiums earned	256.9			318.4			575.3			—		37.7		—		613.0
Loss and loss adjustment expenses incurred, net	136.2			219.6			355.8			(1.2)		18.5		—		373.1
Acquisition costs, net	69.4			76.3			145.7			(37.2)		21.0		—		129.5
Other underwriting expenses	14.4			16.9			31.3			—		5.3		—		36.6
Underwriting income (loss)	36.9			5.6			42.5			38.4		(7.1)		—		73.8
Services revenues	(0.2)			58.8			58.6			(38.3)		—		(20.3)		—
Services expenses	—			48.7			48.7			—		—		(48.7)		—
Net services fee income (loss)	(0.2)			10.1			9.9			(38.3)		—		28.4		—
Services noncontrolling income	—			(2.4)			(2.4)			—		—		2.4		—

Net services income (loss)	(0.2)			7.7			7.5			(38.3)		—		30.8		—
Segment income (loss)	36.7			13.3			50.0			0.1		(7.1)		30.8		73.8
Net investment income												75.1		—		75.1
Net realized and unrealized investment losses												(7.1)		—		(7.1)
Net realized and unrealized investment gains from related party investment funds												0.1		—		0.1
Other revenues												1.5		20.3		21.8
Loss on settlement and change in fair value of liability-classified capital instruments												(0.3)		—		(0.3)
Net corporate and other expenses												(14.7)		(48.7)		(63.4)
Intangible asset amortization												(2.9)		—		(2.9)
Interest expense												(19.8)		—		(19.8)
Foreign exchange gains												1.8		—		1.8
Income before income tax expense	$	36.7		$	13.3		50.0			0.1		26.6		2.4		79.1
Income tax expense							—			—		(15.3)		—		(15.3)
Net income							50.0			0.1		11.3		2.4		63.8
Net (income) loss attributable to noncontrolling interest							—			—		0.1		(2.4)		(2.3)
Net income available to SiriusPoint							$	50.0		$	0.1	$	11.4	$	—	$	61.5

Underwriting Ratios: (1)
Loss ratio	53.0		%	69.0		%	61.8		%							60.9		%
Acquisition cost ratio	27.0		%	24.0		%	25.3		%							21.1		%
Other underwriting expenses ratio	5.6		%	5.3		%	5.4		%							6.0		%
Combined ratio	85.6		%	98.3		%	92.5		%							88.0		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

Page 10 of 21

SiriusPoint Ltd.

Segment Reporting - Nine months ended September 30, 2024

(expressed in millions of U.S. dollars, except ratios)



	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	1,023.4		$	1,390.5		$	2,413.9		$	—	$	71.2	$	—	$	2,485.1
Net premiums written	867.2			913.5			1,780.7			—		6.4		—		1,787.1
Net premiums earned	779.2			838.3			1,617.5			—		135.7		—		1,753.2
Loss and loss adjustment expenses incurred, net	406.0			538.8			944.8			(4.1)		58.7		—		999.4
Acquisition costs, net	206.8			206.9			413.7			(93.8)		62.4		—		382.3
Other underwriting expenses	59.9			55.4			115.3			—		12.5		—		127.8
Underwriting income	106.5			37.2			143.7			97.9		2.1		—		243.7
Services revenues	—			171.3			171.3			(101.4)		—		(69.9)		—
Services expenses	—			135.0			135.0			—		—		(135.0)		—
Net services fee income	—			36.3			36.3			(101.4)		—		65.1		—
Services noncontrolling income	—			(2.1)			(2.1)			—		—		2.1		—

Net services income	—			34.2			34.2			(101.4)		—		67.2		—
Segment income	106.5			71.4			177.9			(3.5)		2.1		67.2		243.7
Net investment income												234.7		—		234.7
Net realized and unrealized investment losses												(48.0)		—		(48.0)
Net realized and unrealized investment gains from related party investment funds												8.9		—		8.9
Other revenues												94.9		69.9		164.8
Loss on settlement and change in fair value of liability-classified capital instruments												(122.6)		—		(122.6)
Net corporate and other expenses												(39.0)		(135.0)		(174.0)
Intangible asset amortization												(8.9)		—		(8.9)
Interest expense												(50.0)		—		(50.0)
Foreign exchange losses												(2.9)		—		(2.9)
Income before income tax expense	$	106.5		$	71.4		177.9			(3.5)		69.2		2.1		245.7
Income tax expense							—			—		(26.3)		—		(26.3)
Net income							177.9			(3.5)		42.9		2.1		219.4
Net income attributable to noncontrolling interests							—			—		(0.1)		(2.1)		(2.2)
Net income available to SiriusPoint							$	177.9		$	(3.5)	$	42.8	$	—	$	217.2

Underwriting Ratios: (1)
Loss ratio	52.1		%	64.3		%	58.4		%							57.0		%
Acquisition cost ratio	26.5		%	24.7		%	25.6		%							21.8		%
Other underwriting expenses ratio	7.7		%	6.6		%	7.1		%							7.3		%
Combined ratio	86.3		%	95.6		%	91.1		%							86.1		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

Page 11 of 21

SiriusPoint Ltd.

Segment Reporting - Nine months ended September 30, 2023

(expressed in millions of U.S. dollars, except ratios)



	Reinsurance			Insurance & Services			Core			Eliminations (2)		Corporate		Segment Measure Reclass		Total
Gross premiums written	$	1,019.3		$	1,571.6		$	2,590.9		$	—	$	120.9	$	—	$	2,711.8
Net premiums written	866.1			1,019.4			1,885.5			—		97.8		—		1,983.3
Net premiums earned	788.2			934.0			1,722.2			—		126.0		—		1,848.2
Loss and loss adjustment expenses incurred, net	368.5			608.8			977.3			(4.0)		42.6		—		1,015.9
Acquisition costs, net	186.7			228.7			415.4			(105.6)		51.2		—		361.0
Other underwriting expenses	54.6			61.7			116.3			—		15.8		—		132.1
Underwriting income	178.4			34.8			213.2			109.6		16.4		—		339.2
Services revenues	(2.8)			184.6			181.8			(109.6)		—		(72.2)		—
Services expenses	—			144.2			144.2			—		—		(144.2)		—
Net services fee income (loss)	(2.8)			40.4			37.6			(109.6)		—		72.0		—
Services noncontrolling income	—			(5.7)			(5.7)			—		—		5.7		—

Net services income (loss)	(2.8)			34.7			31.9			(109.6)		—		77.7		—
Segment income	175.6			69.5			245.1			—		16.4		77.7		339.2
Net investment income												205.3		—		205.3
Net realized and unrealized investment gains												2.4		—		2.4

Other revenues												7.8		72.2		80.0
Loss on settlement and change in fair value of liability-classified capital instruments												(44.4)		—		(44.4)
Net corporate and other expenses												(49.5)		(144.2)		(193.7)
Intangible asset amortization												(8.2)		—		(8.2)
Interest expense												(44.3)		—		(44.3)
Foreign exchange losses												(15.7)		—		(15.7)
Income before income tax expense	$	175.6		$	69.5		245.1			—		69.8		5.7		320.6
Income tax expense							—			—		(56.6)		—		(56.6)
Net income							245.1			—		13.2		5.7		264.0
Net income attributable to noncontrolling interests							—			—		(1.0)		(5.7)		(6.7)
Net income available to SiriusPoint							$	245.1		$	—	$	12.2	$	—	$	257.3

Underwriting Ratios: (1)
Loss ratio	46.8		%	65.2		%	56.7		%							55.0		%
Acquisition cost ratio	23.7		%	24.5		%	24.1		%							19.5		%
Other underwriting expenses ratio	6.9		%	6.6		%	6.8		%							7.1		%
Combined ratio	77.4		%	96.3		%	87.6		%							81.6		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

Page 12 of 21

SiriusPoint Ltd.

Consolidated Results - by Quarter

(expressed in millions of U.S. dollars, except ratios)


	September 30, 2024			June 30, 2024			March 31, 2024			December 31, 2023			September 30, 2023
Revenues
Gross premiums written	$	714.0		$	864.6		$	906.6		$	715.6		$	758.8

Net premiums written	504.2			643.6			639.3			454.6			566.0

Net premiums earned	568.9			590.5			593.8			578.0			613.0
Expenses
Loss and loss adjustment expenses incurred, net	317.5			364.4			317.5			365.4			373.1
Acquisition costs, net	117.5			119.9			144.9			111.7			129.5
Other underwriting expenses	44.9			41.1			41.8			64.2			36.6

Underwriting income	$	89.0		$	65.1		$	89.6		$	36.7		$	73.8

Underwriting Ratios (1):
Loss ratio	55.8		%	61.7		%	53.5		%	63.2		%	60.9		%
Acquisition cost ratio	20.7		%	20.3		%	24.4		%	19.3		%	21.1		%
Other underwriting expenses ratio	7.9		%	7.0		%	7.0		%	11.1		%	6.0		%
Combined ratio	84.4		%	89.0		%	84.9		%	93.6		%	88.0		%

Catastrophe losses, net of reinsurance and reinstatement premiums	$	10.6		$	5.6		$	—		$	(0.1)		$	12.0
Favorable prior year loss reserve development	$	(30.6)		$	(1.1)		$	(38.9)		$	(11.1)		$	(24.7)

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

Page 13 of 21

SiriusPoint Ltd.

Core Results - by Quarter (1)

(expressed in millions of U.S. dollars, except ratios)


	September 30, 2024			June 30, 2024			March 31, 2024			December 31, 2023			September 30, 2023
Revenues
Gross premiums written	$	690.5		$	842.7		$	880.7		$	719.8		$	725.5

Net premiums written	503.6			649.9			627.2			458.2			533.6

Net premiums earned	546.3			553.4			517.8			558.4			575.3
Expenses
Loss and loss adjustment expenses incurred, net	307.7			336.0			301.1			328.4			355.8
Acquisition costs, net	135.7			143.0			135.0			132.3			145.7
Other underwriting expenses	40.4			37.5			37.4			60.7			31.3

Underwriting income	62.5			36.9			44.3			37.0			42.5
Services revenues	48.1			57.4			65.8			55.7			58.6
Services expenses	41.3			47.7			46.0			43.6			48.7
Net services fee income	6.8			9.7			19.8			12.1			9.9
Services noncontrolling (income) loss	0.2			(0.6)			(1.7)			(2.8)			(2.4)

Net services income	7.0			9.1			18.1			9.3			7.5
Segment income	$	69.5		$	46.0		$	62.4		$	46.3		$	50.0

Underwriting Ratios (2):
Loss ratio	56.3		%	60.7		%	58.1		%	58.8		%	61.8		%
Acquisition cost ratio	24.8		%	25.8		%	26.1		%	23.7		%	25.3		%
Other underwriting expenses ratio	7.4		%	6.8		%	7.2		%	10.9		%	5.4		%
Combined ratio	88.5		%	93.3		%	91.4		%	93.4		%	92.5		%

Accident year loss ratio	61.8		%	61.6		%	59.7		%	65.6		%	64.0		%
Accident year combined ratio	94.0		%	94.2		%	93.0		%	100.1		%	94.8		%
Attritional loss ratio	59.8		%	60.6		%	59.7		%	65.6		%	62.9		%

Catastrophe losses, net of reinsurance and reinstatement premiums	$	10.6		$	5.6		$	—		$	(0.2)		$	6.7
Favorable prior year loss reserve development	$	(29.7)		$	(4.9)		$	(8.0)		$	(37.7)		$	(12.6)

(1)Collectively, the sum of our two segments, Reinsurance and Insurance & Services, constitute our "Core" results. Core underwriting income, Core net services income, Core income, Core combined ratio, accident year loss ratio, accident year combined ratio and attritional loss ratio are non-GAAP financial measures. We believe it is useful to review Core results as it better reflects how management views the business and reflects our decision to exit the runoff business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

(2)Underwriting ratios are calculated by dividing the related expense by net premiums earned. Accident year loss ratio and accident year combined ratio exclude prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the loss ratio and combined ratio, respectively. Attritional loss ratio excludes catastrophe losses from the accident year loss ratio as they are not predictable as to timing and amount.

Page 14 of 21

SiriusPoint Ltd.

Reinsurance Segment - by Quarter

(expressed in millions of U.S. dollars, except ratios)


	September 30, 2024			June 30, 2024			March 31, 2024			December 31, 2023			September 30, 2023
Revenues
Gross premiums written	$	314.5		$	352.5		$	356.4		$	251.7		$	265.4

Net premiums written	268.3			308.8			290.1			194.9			243.2

Net premiums earned	269.4			256.2			253.6			243.2			256.9
Expenses
Loss and loss adjustment expenses incurred, net	137.6			143.8			124.6			121.8			136.2
Acquisition costs, net	69.8			67.2			69.8			65.5			69.4
Other underwriting expenses	20.4			20.2			19.3			28.1			14.4

Underwriting income	41.6			25.0			39.9			27.8			36.9
Services revenues	—			—			—			1.7			(0.2)




Net services income (loss)	—			—			—			1.7			(0.2)
Segment income	$	41.6		$	25.0		$	39.9		$	29.5		$	36.7

Underwriting Ratios (1):
Loss ratio	51.1		%	56.1		%	49.1		%	50.1		%	53.0		%
Acquisition cost ratio	25.9		%	26.2		%	27.5		%	26.9		%	27.0		%
Other underwriting expenses ratio	7.6		%	7.9		%	7.6		%	11.6		%	5.6		%
Combined ratio	84.6		%	90.2		%	84.2		%	88.6		%	85.6		%

Accident year loss ratio	57.2		%	58.6		%	53.2		%	58.8		%	60.5		%
Accident year combined ratio	90.7		%	92.7		%	88.3		%	97.2		%	93.1		%
Attritional loss ratio	53.0		%	57.4		%	53.2		%	59.0		%	57.8		%

Catastrophe losses, net of reinsurance and reinstatement premiums	$	11.3		$	3.0		$	—		$	(0.6)		$	6.8
Favorable prior year loss reserve development	$	(16.6)		$	(6.3)		$	(10.3)		$	(21.1)		$	(19.2)

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned. Accident year loss ratio, accident year combined ratio and attritional loss ratio are non-GAAP financial measures. Accident year loss ratio and accident year combined ratio exclude prior year loss reserve development to present the impact of current accident year net loss and loss adjustment expenses on the loss ratio and combined ratio, respectively. Attritional loss ratio excludes catastrophe losses from the accident year loss ratio as they are not predictable as to timing and amount.

Page 15 of 21

SiriusPoint Ltd.

Insurance & Services Segment - by Quarter

(expressed in millions of U.S. dollars, except ratios)


	September 30, 2024			June 30, 2024			March 31, 2024			December 31, 2023			September 30, 2023
Revenues
Gross premiums written	$	376.0		$	490.2		$	524.3		$	468.1		$	460.1

Net premiums written	235.3			341.1			337.1			263.3			290.4

Net premiums earned	276.9			297.2			264.2			315.2			318.4
Expenses
Loss and loss adjustment expenses incurred, net	170.1			192.2			176.5			206.6			219.6
Acquisition costs, net	65.9			75.8			65.2			66.8			76.3
Other underwriting expenses	20.0			17.3			18.1			32.6			16.9

Underwriting income	20.9			11.9			4.4			9.2			5.6
Services revenues	48.1			57.4			65.8			54.0			58.8
Services expenses	41.3			47.7			46.0			43.6			48.7
Net services fee income	6.8			9.7			19.8			10.4			10.1
Services noncontrolling (income) loss	0.2			(0.6)			(1.7)			(2.8)			(2.4)

Net services income	7.0			9.1			18.1			7.6			7.7
Segment income	$	27.9		$	21.0		$	22.5		$	16.8		$	13.3

Underwriting Ratios (1):
Loss ratio	61.4		%	64.7		%	66.8		%	65.5		%	69.0		%
Acquisition cost ratio	23.8		%	25.5		%	24.7		%	21.2		%	24.0		%
Other underwriting expenses ratio	7.2		%	5.8		%	6.9		%	10.3		%	5.3		%
Combined ratio	92.4		%	96.0		%	98.4		%	97.0		%	98.3		%

Accident year loss ratio	66.2		%	64.2		%	65.9		%	70.8		%	66.9		%
Accident year combined ratio	97.2		%	95.5		%	97.5		%	102.3		%	96.2		%
Attritional loss ratio	66.4		%	63.3		%	65.9		%	70.7		%	66.9		%

Catastrophe losses, net of reinsurance and reinstatement premiums	$	(0.7)		$	2.6		$	—		$	0.4		$	(0.1)
(Favorable) adverse prior year loss reserve development	$	(13.1)		$	1.4		$	2.3		$	(16.6)		$	6.6

Page 16 of 21

SiriusPoint Ltd.

Investments - by Quarter

(expressed in millions of U.S. dollars)


	September 30, 2024				June 30, 2024				March 31, 2024				December 31, 2023				September 30, 2023
	Fair Value		%		Fair Value		%		Fair Value		%		Fair Value		%		Fair Value		%
Asset-backed securities	$	1,164.7	19.3	%	$	1,101.3	18.1	%	$	1,044.0	16.8	%	$	880.7	14.5	%	$	802.6	13.3	%
Residential mortgage-backed securities	1,054.2		17.4	%	1,046.5		17.2	%	926.8		15.0	%	902.8		14.9	%	777.1		12.9	%
Commercial mortgage-backed securities	251.6		4.2	%	238.2		3.9	%	236.5		3.8	%	204.1		3.4	%	168.9		2.8	%

Corporate debt securities	1,892.2		31.2	%	1,783.7		29.2	%	1,730.8		27.9	%	1,573.1		25.9	%	1,533.5		25.4	%
U.S. government and government agency	1,024.4		16.9	%	1,141.1		18.7	%	1,069.5		17.3	%	1,136.7		18.7	%	1,075.6		17.8	%
Non-U.S. government and government agency	24.7		0.4	%	34.5		0.6	%	49.9		0.8	%	58.0		1.0	%	65.6		1.1	%



Total debt securities, available for sale	5,411.8		89.4	%	5,345.3		87.6	%	5,057.5		81.6	%	4,755.4		78.4	%	4,423.3		73.4	%
Asset-backed securities	102.9		1.6	%	148.3		2.4	%	199.7		3.2	%	256.6		4.2	%	304.2		5.0	%
Residential mortgage-backed securities	53.1		0.9	%	52.8		0.9	%	55.3		0.9	%	57.2		0.9	%	56.2		0.9	%
Commercial mortgage-backed securities	59.1		1.0	%	62.9		1.0	%	66.2		1.1	%	67.8		1.1	%	67.4		1.1	%

Corporate debt securities	10.3		0.2	%	10.6		0.2	%	41.5		0.7	%	45.2		0.7	%	62.6		1.0	%
U.S. government and government agency	4.3		0.1	%	29.8		0.5	%	33.4		0.5	%	98.1		1.6	%	108.8		1.8	%
Non-U.S. government and government agency	3.4		0.1	%	3.3		0.1	%	9.9		0.2	%	10.0		0.2	%	17.2		0.3	%



Total debt securities, trading	233.1		3.9	%	307.7		5.0	%	406.0		6.6	%	534.9		8.7	%	616.4		10.2	%




Short-term investments	52.4		0.9	%	97.5		1.6	%	329.9		5.3	%	371.6		6.1	%	548.7		9.1	%
Other long-term investments	120.3		2.0	%	119.6		2.0	%	172.2		2.8	%	171.3		2.8	%	183.3		3.0	%

Cost and equity method investments	72.0		1.2	%	71.4		1.2	%	73.6		1.2	%	80.1		1.3	%	83.9		1.4	%
Investments in funds valued at net asset value	158.3		2.6	%	157.3		2.6	%	158.0		2.5	%	164.3		2.7	%	170.4		2.8	%
Total investments	$	6,047.9	100.0	%	$	6,098.8	100.0	%	$	6,197.2	100.0	%	$	6,077.6	100.0	%	$	6,026.0	100.0	%

Page 17 of 21

SiriusPoint Ltd.

Earnings per Share - by Quarter

(expressed in millions of U.S. dollars, except share and per share data)


	September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023
Weighted-average number of common shares outstanding:
Basic number of common shares outstanding	165,659,401		170,173,022		168,934,114		166,640,624		163,738,528
Dilutive effect of options, warrants, restricted share awards, restricted share units, and Series A preference shares	7,143,897		8,538,233		5,446,849		6,969,316		4,777,980
Diluted number of common shares outstanding	172,803,298		178,711,255		174,380,963		173,609,940		168,516,508

Basic earnings per common share:
Net income available to SiriusPoint common shareholders	$	4.5	$	109.9	$	90.8	$	93.5	$	57.5
Net income allocated to SiriusPoint participating common shareholders	(0.1)		(7.2)		(6.1)		(6.5)		(4.0)
Net income allocated to SiriusPoint common shareholders	$	4.4	$	102.7	$	84.7	$	87.0	$	53.5

Basic earnings per share available to SiriusPoint common shareholders (1)	$	0.03	$	0.60	$	0.50	$	0.52	$	0.33

Diluted earnings per common share:
Net income available to SiriusPoint common shareholders	$	4.5	$	109.9	$	90.8	$	93.5	$	57.5
Net income allocated to SiriusPoint participating common shareholders	(0.1)		(7.2)		(6.1)		(6.5)		(4.0)

Net income allocated to SiriusPoint common shareholders	$	4.4	$	102.7	$	84.7	$	87.0	$	53.5

Diluted earnings per share available to SiriusPoint common shareholders (1)	$	0.03	$	0.57	$	0.49	$	0.50	$	0.32

(1)Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. The Company treats certain of its unvested restricted shares and preference shares as participating securities. The weighted average number of common shares excludes any dilutive effect of outstanding warrants, options or restricted share awards and units. Diluted earnings per share is based on the weighted average number of common shares outstanding and includes any dilutive effects of warrants, options, restricted share awards and units, and is determined using the treasury stock method. In the event of a net loss, all participating securities, outstanding warrants, options and restricted shares and units are excluded from both basic and diluted loss per share since their inclusion would be anti-dilutive.

Page 18 of 21

SiriusPoint Ltd.

Annualized Return on Average Common Shareholders’ Equity - by Quarter

(expressed in millions of U.S. dollars, except share and per share data and ratios)


	September 30, 2024			June 30, 2024			March 31, 2024			December 31, 2023			September 30, 2023
Net income available to SiriusPoint common shareholders	$	4.5		$	109.9		$	90.8		$	93.5		$	57.5
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period	2,504.1			2,402.6			2,313.9			2,050.0			2,036.0


Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period	2,494.9			2,504.1			2,402.6			2,313.9			2,050.0
Average common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,499.5		$	2,453.4		$	2,358.3		$	2,182.0		$	2,043.0
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders (1)	0.7		%	17.9		%	15.4		%	17.1		%	11.3		%

(1)Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders is calculated by dividing annualized net income available to SiriusPoint common shareholders for the period by the average common shareholders’ equity determined using the common shareholders’ equity balances at the beginning and end of the period.

Page 19 of 21

SiriusPoint Ltd.

Book Value per Share - by Quarter

(expressed in millions of U.S. dollars, except share and per share data)


	September 30, 2024		June 30, 2024		March 31, 2024		December 31, 2023		September 30, 2023


Common shareholders’ equity attributable to SiriusPoint common shareholders	$	2,494.9	$	2,504.1	$	2,402.6	$	2,313.9	$	2,050.0


Intangible assets	(143.8)		(146.8)		(149.8)		(152.7)		(155.6)
Tangible common shareholders' equity attributable to SiriusPoint common shareholders	$	2,351.1	$	2,357.3	$	2,252.8	$	2,161.2	$	1,894.4

Common shares outstanding	161,866,867		170,572,790		169,753,232		168,120,022		165,068,101
Effect of dilutive stock options, restricted share units, warrants and Series A preference shares	7,547,229		4,465,438		6,340,997		5,193,920		4,236,254
Book value per diluted common share denominator	169,414,096		175,038,228		176,094,229		173,313,942		169,304,355

Book value per common share	$	15.41	$	14.68	$	14.15	$	13.76	$	12.42
Book value per diluted common share	$	14.73	$	14.31	$	13.64	$	13.35	$	12.11
Tangible book value per diluted common share (1)	$	13.88	$	13.47	$	12.79	$	12.47	$	11.19

(1)Tangible book value per diluted common share, as presented, is a non-GAAP financial measure and the most directly comparable U.S. GAAP measure is book value per common share. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets.

Page 20 of 21

SiriusPoint Ltd.

Net Corporate and Other Expenses - Nine months ended September 30, 2024

(expressed in thousands of U.S. dollars)


	September 30, 2024
Net corporate and other expenses	$	174.0


MGA Service expenses	$	135.0

SPNT corporate and other expenses	$	28.4
Salaries, benefits and incentives	1.3
Professional fees	9.7
Taxes and regulatory fees	7.3
Corporate insurance	3.6
Depreciation	3.2
Travel and entertainment	1.0
Other corporate expenses	2.3

Non-recurring corporate and other expenses	$	10.6
Severance	4.6
Professional fees	6.0

Page 21 of 21

SIRIUSPOINT LTD. – A GLOBAL UNDERWRITER 2024 Nine Months and Third Quarter Results October 31, 2024

Basis of Presentation and Non-GAAP Financial Measures: Unless the context otherwise indicates or requires, as used in this presentation references to “we,” “our,” “us,” the “Company,” and "SiriusPoint" refer to SiriusPoint Ltd. and its directly and indirectly owned subsidiaries, as a combined entity, except where otherwise stated or where it is clear that the terms mean only SiriusPoint Ltd. exclusive of its subsidiaries. We have made rounding adjustments to reach some of the figures included in this presentation and, unless otherwise indicated, percentages presented in this presentation are approximate. In presenting SiriusPoint’s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). SiriusPoint’s management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of SiriusPoint’s financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. Core underwriting income, Core net services income, Core income, Core combined ratio, accident year loss ratio, accident year combined ratio and attritional loss ratio are non-GAAP financial measures. Management believes it is useful to review Core results as it better reflects how management views the business and reflects the Company’s decision to exit the runoff business. Tangible book value per diluted common share is a non-GAAP financial measure and the most directly comparable U.S. GAAP measure is book value per common share. Tangible book value per diluted common share excludes intangible assets. Management believes that effects of intangible assets are not indicative of underlying underwriting results or trends and make book value comparisons to less acquisitive peer companies less meaningful. Tangible book value per diluted common share is useful because it provides a more accurate measure of the realizable value of shareholder returns, excluding intangible assets. Underlying net income and underlying annualized return on equity on average common shareholders’ equity ("ROE") are non-GAAP financial measures. Underlying net income excludes gains (losses) on strategic investments and liability-classified capital instruments, income (expense) related to loss portfolio transfers and development on COVID-19 reserves. Underlying ROE is calculated by dividing annualized underlying net income available to SiriusPoint common shareholders for the period by the average common shareholders’ equity, excluding accumulated other comprehensive income (loss) ("AOCI"). Management believes it is useful to review underlying net income as it better reflects how it views the business and exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measure is contained in our earnings release and our Form 10-K for the fiscal year ended December 31, 2023. Safe Harbor Statement Regarding Forward-Looking Statements: This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this presentation 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 presentation. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “guidance,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. Specific forward-looking statements in this press release include, but not limited to, statements regarding the trend of our performance as compared to the previous guidance, the success of our strategic transaction with CMIG, the current insurtech market trends, our ability to generate shareholder value and whether we will continue to have momentum in our business in the future. Actual events, results and outcomes may differ materially from the Company’s 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 following: our ability to execute on our strategic transformation, including re-underwriting to reduce volatility and improving underwriting performance, de-risking our investment portfolio, and transforming our business; the impact of unpredictable catastrophic events such as uncertainties with respect to COVID-19 losses across many classes of insurance business and the amount of insurance losses that may ultimately be ceded to the reinsurance market, supply chain issues, labor shortages and related increased costs, changing interest rates and equity market volatility; inadequacy of loss and loss adjustment expense reserves, the lack of available capital, and periods characterized by excess underwriting capacity and unfavorable premium rates; the performance of financial markets, impact of inflation and interest rates, and foreign currency fluctuations; our ability to compete successfully in the insurance and reinsurance market and the effect of consolidation in the insurance and reinsurance industry; technology breaches or failures, including those resulting from a malicious cyber-attack on us, our business partners or service providers; the effects of global climate change, including increased severity and frequency of weather-related natural disasters and catastrophes and increased coastal flooding in many geographic areas; geopolitical uncertainty, including the impact of the U.S. November 2024 presidential and congressional elections, and ongoing conflicts in Europe and the Middle East; our ability to retain key senior management and key employees; a downgrade or withdrawal of our financial ratings; fluctuations in our results of operations; legal restrictions on certain of SiriusPoint’s insurance and reinsurance subsidiaries’ ability to pay dividends and other distributions to SiriusPoint; the outcome of legal and regulatory proceedings and regulatory constraints on our business; reduced returns or losses in SiriusPoint’s investment portfolio; our exposure or potential exposure to corporate income tax in Bermuda and the E.U., U.S. federal income and withholding taxes and our significant deferred tax assets, which could become devalued if we do not generate future taxable income or applicable corporate tax rates are reduced; risks associated with delegating authority to third party managing general agents, managing general underwriters and/or program administrators; future strategic transactions such as acquisitions, dispositions, investments, mergers or joint ventures; SiriusPoint’s response to any acquisition proposal that may be received from any party, including any actions that may be considered by the Company’s Board of Directors or any committee thereof; and other risks and factors listed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. 2 Disclaimer

Agenda 3 • Introduction ◦ Key Messages ◦ Strategic Priorities Update ◦ Track Record of Delivery ◦ Specialized Business Model • Nine Months and Quarterly Results Update

Introduction 4

5 Key Messages: Execution of Strategic Priorities is Delivering Results Notes: [1] Continuing lines premium adjusts prior year comparators for $332m of Cyber and Workers' Compensation premiums exited during 2023. [2] Denotes the consolidated catastrophe loss as a percentage of average common shareholders' equity for the period. [3] Denotes the catastrophe loss as a percentage of Q3'24 closing common shareholders' equity. [4] Underlying ROE represents a non-GAAP measure. See page 2 for further details. [5] ROE calculated as annualized net income available to SiriusPoint common shareholders divided by average common shareholders' equity. [6] SiriusPoint Group Bermuda Solvency Capital Ratio calculated as available economic capital and surplus divided by the enhanced capital requirement. Q3'24 figure is an estimate. Capital deployed and shareholding simplified Net investment income remains strong 8th consecutive quarter of positive U/W result and targeted growth • Q3'24 core COR of 88.5%, representing a 4 ppt improvement versus prior year • 9M'24 core UW income of $144m, with 91.1% COR containing 3 ppts of attritional loss ratio improvement (vs. 9M'23) • Growth momentum builds, with continuing lines1 GPW increasing 7% YoY at 9M'24 relative to 6% at H1'24 • Strong net investment income of $235m in 9M'24 driven by higher yields and portfolio optimization • FY 24 NII trending ahead of previously guided range, updated forecast of $295m-$300m • Previously announced CMIG shareholder two-part transaction completed during the quarter: • Repurchase and retirement of 9.1m common shares for $125m in cash • Full settlement of Series A preference shares in cash • Net impact of these transactions in-line with guidance from Q2, one-off net income impact of $60m in the quarter • Underlying 9M'24 ROE4 of 14.4%; headline ROE (including one-offs)5 of 11.4% • Diluted BVPS up 3% in the quarter and 10% YTD to $14.73 • BSCR6 strong at 265% as of Q3'24, with debt to capital ratio of 19.7% Enhancing distribution while continuing to rationalize MGA stakes • Total MGA equity stakes down to 22 (vs. 36 at start of 2023), with significant off-balance sheet value remaining • 100%-owned A&H MGAs net service fee income up 18% to $32m at 9M'24, with carrying book value of $89m • Expanded distribution through the addition of 6 new programs via MGA Centre of Excellence in the quarter Creating shareholder value whilst further strengthening the balance sheet Lower volatility portfolio contains less exposure to catastrophe events • 9M'24 Catastrophe losses of $16m (0.7% of SHE2) including $10m for Hurricane Helene, versus $25m at 9M'23 (1.6% of SHE2) • Initial estimate for Hurricane Milton losses incurred net of reinsurance of $30m-$40m (1.2%-1.6% of SHE3)

6 Decisive Actions Across “Three Priorities” To Become a Better Performing Underwriter Simplify the Business Reduce Volatility Focus on Profitability and ROE What we said we would do: What we have done: Fully integrated “One SiriusPoint” with significant improvement on employee engagement metrics Ongoing rationalization of MGA equity stakes down to 22 from 36 Deconsolidation of Arcadian, with no future impact to net income Exit from non-core lines of business, such as Cyber and Workers’ Compensation Simplification of capital structure through $400m debt refinancing and CMIG shareholder transactions Increased mix from Specialty, MGA and A&H while reducing Property mix from 22% to 16% of portfolio Executed on 2 loss portfolio transfers covering $1.7bn of reserves, removing risk from exited business Reduced PMLs by ~50% since Q2 2021, resulting in lower Cat losses De-risked investment portfolio through asset reallocation to be more in-line with peers BSCR improved from 194% in Q3’22 to 265% today Debt to capital ratio1 decreased from 23.8% at FY 23 to 19.7% at Q3'24 following $115m debt retirement Disciplined underwriting actions resulting in 8th straight quarter of underwriting profit Execution of cost-saving actions that have resulted in >$50m of run-rate savings Improved net investment income with higher interest rates aided by tactical portfolio shift Implementation of capital management strategy: announced share repurchase and increased share repurchase authorization Established medium term target ROE of 12-15%. 9M'24 annualized underlying ROE of 14.4%2 Notes: [1] Debt to Capital Ratio calculated as debt divided by total capital. Total capital represents the sum of shareholders' equity and debt. Debt in this calculation excludes preference shares. [2] Underlying ROE represents a non-GAAP measure. See page 2 for further details.

Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 $(40.0) $— $40.0 $80.0 $120.0 $160.0 7 Building a Track Record of Delivery Notes: [1] Reflects Core business. [2] Adjusted to exclude benefits relating to LPT transactions. [3] Net Income available to SiriusPoint common shareholders. [4] Book Value per Diluted Common Share. Core Combined Ratio (ex. LPT)1,2 Net Income3 Book Value Per Share4 Favorable Prior Year Development1,2 $9.6 $2.0 $15.2 $10.2 $35.3 $6.5 $3.6 $27.3 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 $— $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 94.8% 96.8% 91.1% 92.9% 93.8% 91.7% 93.5% 88.9% Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 80.0% 90.0% 100.0% Eight consecutive quarters of profitable underwriting performance Reserving prudence demonstrated by track record of favorable PYD (numbers in USD millions, except per share data) Creating a track record of consistent earnings and value creation Net Income CMIG Transaction Settlement $64.6 $4.5 $109.9 $90.8$93.5 $57.5$55.9 $131.9 $(26.6) $11.32 $12.27 $12.18 $12.11 $13.35 $13.64 $14.31 $14.73 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 $10.00 $11.00 $12.00 $13.00 $14.00 $15.00 $16.00 30% growth in BVPS4, with significant off-balance sheet MGA value remaining

Casualty 35% A&H 26% Specialty 23% Property 16% 8 Specialized Business Model: All 3 Engines are Delivering Notes: [1] Reflects Core business. [2] Excludes reserve releases and deferred gains linked to LPT. [3] Strategic investments as of September 30, 2024. Investments also include holdings in Venture Capital (VC) funds. [4] SP premium refers to Gross Premium Written from IMG, Armada and Alta Signa on like- for-like basis. [5] Net services fee income includes services noncontrolling income. Net services fee income includes income from Arcadian until it was deconsolidated from 6/30/24. [6] Following deconsolidation of Arcadian at 11:59 on 6/30/24, it was reclassified as an Investment with underwriting capacity. [7] SP premium refers to SiriusPoint Gross Premium Written from non-consolidated partnerships where we have equity stakes. [8] Total investment result calculated as the sum of Net realized and unrealized investment gains (losses), Net realized and unrealized investment gains (losses) from related party investment funds and Net investment income. [9] Fixed income investments exclude short-term investments. Underwriting1 InvestmentsStrategic Investments3 9M'24 GPW by Specialism1 9M'24 GPW $2,414 9M'24 COR 91.1% 9M'24 UW Income $144 2.1 ppt YoY improvement in COR1 YoY on a like-for-like basis2 $16m Cat losses1 in 9M'24 vs. $14m in 9M'23 Consolidated Investments Other Investments 9M'24 Net Investment Income: $235 9M'24 Total Investment Result8: $196 IMG Alta Signa Investments with underwriting capacity6: 13 Other Investments: 6 Progress made towards MGA Rationalization, 4 disposals YTD 100%-owned A&H MGA service revenue up 2% YoY at 9M'24 Net services fee income5 grew 18% YoY, with service margin improving 3 ppts to 21% for 100%-owned A&H MGAs Net investment income tracking ahead of previous guided range, updated FY 24 forecast of $295m-$300m Reduction in P&L volatility given 96% of our fixed income investments9 classified as available for sale ("AFS") assets 9M'24 SP Premium7: $434 $ numbers in USD millions Armada Total MGAs 3 9M'24 SP Premium4 $200 9M'24 Net Services Fee Income5 $36 9M'24 Book Value $90 100% owned 100% owned 75% owned

Nine Months and Quarterly Results Update 9

$ numbers in USD millions Q3'23 Q3'24 GPW1 $726 $691 NPW1 $534 $504 UW Income1 $43 $63 Net Services Fee Income1 $10 $7 Total Investment Result3 $68 $93 Net Income4 $58 $5 COR1 (%) 92.5% 88.5% AY COR1 (%) 94.8% 94.0% Q2'24 Q3'24 Common Shareholders' Equity5 $2,504 $2,495 Q3 2024 Financial Results 10 Notes: [1] Reflects Core business. [2] Continuing lines premium adjusts prior year comparators for $98m of Cyber and Workers' Compensation premiums exited during 2023. [3] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains (losses) from related party investment funds and net investment income. [4] Net income available to SiriusPoint common shareholders. [5] Common shareholders’ equity attributable to SiriusPoint common shareholders at end of period. [6] Underlying Net Income represents a non-GAAP measure. See page 2 for further details. • Headline GPW1 down 5% YoY, with continuing lines GPW (ex. 2023 exited business2) up 10% YoY • Net income4 of $5m, or $89m on an underlying basis6 increasing 69% YoY • $60m impact to income from CMIG transactions • Core underwriting result (ex. LPT) increased by $20m YoY driven by lower attritional losses and favorable development on COVID-19 losses • Total net services fee income1 of $7m • Total investment result3 at $93m vs. $68m in Q3'23. • NII at $78m vs. $75m in Q3'23 • Net realized and unrealized gains of $15m, benefiting from rate decreases in the quarter • Other notable items impacting Q3'24 income: • $26m impact from MTM on merger warrants • $14m interest expense of which $6m relates to LPT • $3m of foreign exchange losses • Common shareholders' equity5 at $2.5bn, down in the quarter due to repurchase and retirement of $125m of CMIG shares Key Comments ex. LPT $40 ex. LPT 92.9% Underlying6 $54 ex. LPT $60 Underlying6 $89 ex. LPT 88.9%

$ numbers in USD millions 9M'23 9M'24 GPW1 $2,591 $2,414 NPW1 $1,886 $1,781 UW Income1 $213 $144 Net Services Fee Income1 $38 $36 Total Investment Result3 $208 $196 Net Income4 $245 $205 COR1 (%) 87.6% 91.1% AY COR1 (%) 95.2% 93.7% FY 23 Q3'24 Common Shareholders' Equity5 $2,314 $2,495 Nine Months 2024 Financial Results 11 Notes: [1] Reflects Core business. [2] Continuing lines premium adjusts prior year comparators for $332m of Cyber and Workers' Compensation premiums exited during 2023. [3] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains from related party investment funds and net investment income. [4] Net income available to SiriusPoint common shareholders. [5] Common shareholders’ equity attributable to SiriusPoint common shareholders at end of period. [6] Underlying Net Income represents a non-GAAP measure. See page 2 for further details.[7] MGA actions include Arcadian deconsolidation and strategic writedowns in Q2'24. • Headline GPW1 down 7% YoY, with continuing lines GPW (ex. 2023 exited business2) up 7% YoY • Net income4 of $205m, up 33% YoY on an underlying6 basis to $258m • Core underwriting result (ex. LPT) improved by $28m, benefiting from lower attritional losses • Total net services fee income1 at $36m, with $32m relating to A&H MGAs • 100%-owned A&H MGAs net service fee income increased 18% YoY, with service margin improving 3 ppts to 21% • Total investment result3 at $196m vs. $208m at 9M'23 • NII at $235m (vs $205m at 9M'23) • Net realized and unrealized losses at $39m includes strategic MGA actions from Q2 • Other notable items impacting income: • $50m interest expense ($20m related to LPT) • $45m gain from Q2'24 MGA actions7 • Common shareholders' equity5 at $2.5bn, up 8% since FY 23 despite $125m share repurchase in Q3'24 • SHE increased 13% ex. share repurchase Key Comments ex. LPT $111 Underlying6 $193 ex. LPT 93.5% ex. LPT $139 Underlying6 $258 ex. LPT 91.4%

$ numbers represent Gross Premiums Written in USD millions Key Comments • Core premiums decreased 7% on a headline basis for 9M'24, with exited business expected to impact GPW through 2024 • Strong continuing lines growth (ex. 2023 exited business2) of 10% in Q3'24 and 7% for 9M'24 • Strong 9M'24 Insurance & Services continuing lines growth of 12% driven by Specialty and Property programs, with significant contributions from Programs launched in 2023 • 9M'24 Reinsurance GPW flat, reflecting continued reduction in US Casualty offset by growth in Property and Specialty lines • Growth of 19% for Reinsurance in Q3, driven by increased growth in our New York Property business, and a strategic opportunity within International Specialty $2,591 $2,414 $1,572 $1,391 $1,019 $1,023 9M'23 9M'24 9M'23 9M'24 9M'23 9M'24 Core Insurance & Services Reinsurance 12 Premium Trends: Continuing Lines Growth Continues Notes: [1] The dotted area represents $332m of Cyber and Workers' Compensation business put into run off in 2023. [2] Continuing lines premium adjusts prior year comparators for Cyber and Workers' Compensation premiums exited during 2023. [3] On a continuing lines basis. +12% YTD +0% YTD +7% YTD Q3'24 GPW Growth3 4% 1 1 Q3'24 GPW Growth3 19% Q3'24 GPW Growth3 10%

13 Premium Trends: Portfolio Growth Targeting Attractive Opportunities Notes: [1] Continuing lines premium adjusts prior year comparators for $332m of Cyber and Workers' Compensation premiums exited during 2023. Reflects core business. [2] Gross Premiums Written. [3] Represents P&C premium from MGA distribution partners. Accident & Health 26% Specialty 23% Casualty 35% Property 16% Gross Premiums Written +18% YoY Net Premiums Written +30% YoY Gross Premiums Written -10% YoY Gross Premiums Written +1% YoY Net Premiums Written -5% YoY Gross Premiums Written +41% YoY Net Premiums Written +33% YoY Growing Premiums2 in Attractive Markets 9M'22 9M'23 9M'24 Continuing Lines1 Premium Growth by Specialism YTD Lloyd's Syndicate 1945 P&C/Specialty MGA Programs3 +27% CAGR 9M'22 9M'23 9M'24 46% CAGR 9M'24 GPW $2.4bn Net Premiums Written -10% YoY 2 ppts 1 ppt 4 ppts 4 ppts

Underwriting Performance: 2.1 Points of Like-for-Like Improvement 14 Attritional Loss Ratio3 OUE Ratio5 Notes: [1] Reflects Core business. [2] Reflects Core business adjusted for $102m of 9M'23 reserve releases linked to LPT. [3] Attritional loss ratio excludes catastrophe losses and prior year loss reserve development from the loss ratio. [4] PYD = Prior Year Development. [5] Total expense ratio calculated as the sum of acquisition cost ratio and other underwriting expense ratio. [5] OUE = Other Underwriting Expense. 63.4% 60.0% 24.1% 25.6% 6.8% 7.1% 9M'23 9M'24 • 1.6 ppts of underlying earnings quality improvement within core business YoY when excluding catastrophe losses and PYD4 • 3.4 ppts decrease in attritional loss ratio is partially offset by a 1.5 ppts increase in acquisition costs due to a change in business mix 94.3% 92.7% Trends in Underlying Earnings Quality1 Attritional Loss Ratio plus Total Expense Ratio5 Acquisition Cost Ratio 87.6% 93.5% 91.1% 91.4% 9M'23 9M'23 ex. LPT Loss Ratio Acquisition Ratio OUE Ratio 9M'24 LPT 9M'24 ex. LPT Attritional ratio3 3 ppts Cat ratio 0.2 ppt PYD4 ratio 0.7 ppt (4 ppts) 2 ppts 0.3 ppt 0.3 ppt COR Walk1 • 2.1 ppts of COR improvement on a like-for-like basis2 excluding LPT transaction (91.4% in 9M'24 vs. 93.5% at 9M'23 ex. LPT) • 4 ppts improvement in the loss ratio driven by lower attritional losses and higher favorable PYD4 (ex. LPT) 2

15 Lower Volatility Portfolio Delivering Stable and Consistent Earnings Notes: [1] Denotes the consolidated catastrophe loss as a percentage of average common shareholders' equity for the period. [2] PMLs are on a per occurrence basis for 1-in-100 year events, net of restatements and after-tax. PMLs are an estimate based on industry standard catastrophe modeling with proprietary adjustments. PMLs are divided by Shareholders' equity. Shareholders’ equity includes preference shares and excludes accumulated other comprehensive income (loss) (“AOCI”). [3] Denotes the catastrophe loss as a percentage of Q3'24 closing common shareholders' equity. Catastrophe Losses PML for 1-in-100 year event / Shareholders' Equity (ex. AOCI)2 10.3% 8.4% 8.2% 5.9% 4.6% 4.6% 5.4% Q3'21 Q1'22 Q3'22 Q1'23 Q3'23 Q1'24 Q3'24 —% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% $137.7 $24.9 $16.2 $114.6 $12.0 $10.6 9M'22 9M'23 9M'24 Q3'22 Q3'23 Q3'24 $— $25.0 $50.0 $75.0 $100.0 $125.0 $150.0 • Further confidence in the impact of prior portfolio actions with YTD catastrophe losses of $16m • Q3'24 catastrophe losses of $11m (vs. $12m in Q3'23), with $10m of losses related to Hurricane Helene • PMLs reduced by ~50% since Q2'21 in-line with UW strategy, increase in Q3'24 due to CMIG share repurchase and GPW growth in Property • Hurricane Milton initial incurred loss estimate of $30m-$40m net of reinsurance, representing 1.2%-1.6% of SHE3 $ numbers in USD millions % of SHE1 6.6% 1.6% 0.7% 5.9% 0.6% 0.4%

$208 $196 9M'23 9M'24 $205 $235 9M'23 9M'24 Prior 2024E Updated 2024E Investment Income: De-Risked and Benefiting from Rate Increases 16 $ numbers in USD millions Key Comments Notes: [1] 2024 NII guidance based on current forward yield curves. [2] Total investment result calculated as the sum of net realized and unrealized investment gains (losses), net realized and unrealized investment gains from related party investment funds and net investment income. $295-$3001 Net Investment Income Total Investment Result2 • NII higher at $235m in 9M'24 (vs. $205m in 9M'23) • Includes $78m of NII from Q3'24 • FY 24 NII trending ahead of previously guided range, updated forecast of $295m-$300m1 • Total investment result2 lower at $196m (vs. $208m in 9M'23) largely due to strategic MGA actions in Q2 • Assets backing loss reserves duration increased slightly to ~3.0 years (vs. ~2.9 years at Q2'24) and we are fully matched • Average re-investment rate >4.5% during Q3 $275-$285

$1,281 $1,324 $3,692 $3,509 Required Capital Available Capital Q2'24 Q3'24 17 Notes: [1] SiriusPoint Group BSCR calculated as available economic capital and surplus divided by the enhanced capital requirement as of June 30, 2024 and September 30, 2024, respectively. BSCR is an estimate. [2] Financial strength ratings for the operating subsidiaries, SiriusPoint International Insurance Corporation, SiriusPoint Bermuda Insurance Company, SiriusPoint America Insurance Company and SiriusPoint Specialty Insurance Corporation. [3] Q2'24 and Q3'24 capital mix is our internal view. [4] Debt to Capital Ratio calculated as debt divided by total capital. Total capital represents the sum of shareholders’ equity and debt. Debt in this calculation excludes preference shares. Strong Balance Sheet 288% 265% • Continue to operate the business against 'AA’ rating requirement under S&P model • Debt to capital ratio4 within target range at 19.7% at Q3'24 (Q2'24: 19.3%), increased in the quarter due to share repurchase • BSCR1 strong at 265% as of Q3'24 (Q2'24: 288%) • $300m undrawn Revolving Credit Facility for backup liquidity and financial flexibility Financial Strength Rating (FSR)2: Key Comments A- (Stable) A- (Stable) A- (Stable) 61% 61% 28% 28% 11% 11% Tier 1 Tier 2 Tier 3 Q2'24 Q3'24 Affirmed March 12, 2024 Affirmed January 29, 2024 Affirmed April 26, 2024 Strong Mix of Capital3 BSCR1 $ numbers in USD millions A3 (Stable) Assigned March 19, 2024

Appendix

1% 39% 28% 15% 12% 1%4% TPE Short-term Investments De-risked Investment Portfolio: In-line with Industry 19 Q3'24: $6.9bn Notes: [1] Other includes Strategics, TP Ventures and Legacy & Other Alts. [2] Third Point Enhanced Fund. [3] Excludes short-term investments. [4] Tangible diluted common shareholders’ equity attributable to SiriusPoint common shareholders. [5] Total asset leverage calculated as sum of total investments including cash and equivalents over tangible diluted common shareholders’ equity attributable to SiriusPoint common shareholders. Q2'24: $6.8bn 1 2 AAA AA A BBB Not Rated / Below IG Gov’t ABS/MBS/CLO Cash Corporate Other —% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% SiriusPoint ABS/MBS/CLO Corporate Q3'24 Fixed Income Portfolio Credit Quality3 Key Comments • Total investment portfolio at $6.9bn • Average credit rating at AA for our fixed income portfolio with limited exposure to below investment grade/non-rated fixed income instruments • No defaults across portfolio in Q3'24 • As a percentage of tangible common shareholders’ equity4: • BBB represents 26% (vs. Q2'24: 25%) • Below investment grade / non-rated represents 5% (vs. Q2'24: 4%) • 81% of securitized assets have AAA/AA ratings • Assets backing loss reserves duration increased slightly to ~3.0 years (vs. ~2.9 years at Q2'24) and we are fully matched • Overall asset duration remained stable at ~3.0 years (vs. ~3.0 years at Q2’24) • Total asset leverage5 stable at 2.9x (vs. Q2'24: 2.9x) Investment Balances by Asset Class 1% 39% 26% 18% 11% 1% 4% 1% Appendix 1

20 Note: Effective June 30, 24, Arcadian was deconsolidated as a result of SiriusPoint no longer having a controlling interest. The complete results of operations of Arcadian are included in our consolidated financial statements through June 30, 2024 and as shown mechanically in the left hand side. There has been no change to our underwriting relationship with Arcadian. From Q3'24 onwards, Arcadian will be accounted in our Financial Statements as shown in the mechanical example above on the right hand side. Comparison of the left hand side and the right hand side shows the difference in Arcadian's treatment in the financial statements going forward. Appendix 2 Arcadian Elimination Segment Measure Reclass SiriusPoint Consolidated Arcadian Elimination Segment Measure Reclass SiriusPoint Consolidated Service revenues 29 -23 -6 0 0 0 0 0 Service expenses 18 -18 0 0 0 0 Net services fee income 11 -23 12 0 0 0 0 0 Services noncontrolling income (loss) 5 -5 0 0 0 0 Net services income (loss) 6 -23 17 0 0 0 0 0 Acquisition costs, net 23 23 0 0 Other revenues 6 6 6 0 6 Net corporate and other expenses -17 -17 0 0 Net Income 6 6 12 6 0 6 Net Income attributable to noncontrolling interests -6 -6 0 0 Net Income available to SiriusPoint 6 6 6 6 No impact to Net Income available to SiriusPoint Reduction to Net services income Arcadian Non-consolidated P&LArcadian Consolidated P&L Mechanical example of Arcadian's contribution to Income Statement post-deconsolidation Mechanical example of Arcadian's contribution to Income Statement pre-deconsolidation Service revenue and expenses no longer includes Arcadian result Other revenues and acquisition costs reduced by an equal and offsetting amount to corporate expenses and NCI Illustrative Example: Arcadian Deconsolidation No impact to Core Underwriting ResultNo impact to Underwriting Relationship No impact to Net Income available to SiriusPoint Numbers used within the tables do not reflect actual numbers, and are given for demonstration purposes only.

Thank You

SiriusPoint Announces Dividend on Series B Preference Shares

HAMILTON, Bermuda October 31, 2024 -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on or prior to November 30, 2024 to Series B shareholders of record as of November 15, 2024.

About SiriusPoint

Contacts

Investor Relations

Liam Blackledge, SiriusPoint

Liam.Blackledge@siriuspt.com

+ 44 203 772 3082

Media

Sarah Hills, Rein4ce

Sarah.Hills@rein4ce.co.uk

+ 44 7718 882011

Cover Document	Oct. 31, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Oct. 31, 2024
Entity Registrant Name	SIRIUSPOINT LTD.
Entity Incorporation, State or Country Code	D0
Entity Tax Identification Number	98-1599372
Entity Address, Street Address	Point Building
Entity Address, Street Address 2	3 Waterloo Lane
Entity Address, City	Pembroke
Entity Address, Postal Zip Code	HM 08
Entity Address, Country	BM
City Area Code	441
Local Phone Number	542-3300
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001576018
Amendment Flag	false
Entity File Number	001-36052
Common Stock
Cover [Abstract]
Title of each class	Common Shares, $0.10 par value
Trading Symbol	SPNT
Name of each exchange on which registered	NYSE
Document Information [Line Items]
Title of each class	Common Shares, $0.10 par value
Trading Symbol	SPNT
Name of each exchange on which registered	NYSE
8.00% Resettable Fixed Rate Preference Shares, Series B
Cover [Abstract]
Title of each class	8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share
Trading Symbol	SPNT PB
Name of each exchange on which registered	NYSE
Document Information [Line Items]
Title of each class	8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share
Trading Symbol	SPNT PB
Name of each exchange on which registered	NYSE

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