SiriusPoint (NYSE:SPNT) reported a strong start to 2026, with management pointing to improved underwriting profitability, lower catastrophe volatility and continued capital returns during the company’s first-quarter earnings call.
Chief Executive Officer Scott Egan said the company delivered a core combined ratio of 88.9%, which he described as the lowest level reported in six quarters. SiriusPoint generated $71 million of underwriting income, marking its 14th consecutive quarter of underwriting profitability. Operating return on equity was 15.3%, at the top end of the company’s 12% to 15% through-the-cycle target range, while GAAP return on equity was 17.4%, reflecting the closure of the Arcadian sale announced last year.
