EX-99.2 3 exhibit992-financialsupple.htm EX-99.2 FINANCIAL SUPPLEMENT

    

SiriusPoint Ltd.

Financial Supplement

December 31, 2025

(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 Annual Report on Form 10-K.

Point Building						Liam Blackledge - Investor Relations and Strategy Manager
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.

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, attritional loss ratio and attritional 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. Book value per diluted common share excluding accumulated other comprehensive income (loss) ("AOCI") and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per diluted common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. Management believes the 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. Operating net income and Operating earnings per share are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is net income and diluted earnings per share, respectively. Operating net income excludes items which we believe are not indicative of the operations of our operating businesses, including realized and unrealized gains (losses) on strategic and other investments and liability-classified capital instruments, non-recurring costs associated with acquisitions or sales of subsidiaries, income (expense) related to loss portfolio transfers, deferred tax assets attributable to the enactment of the Bermuda corporate income tax, development on COVID-19 reserves resulting from the COVID-19 reserve study performed concurrently with the settlement of the Series A Preference shares in the third quarter of 2024, and foreign exchange gains (losses). We believe it is useful to review Operating net income as it better reflects how we view the business, as well as provides investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Operating ROE is calculated by dividing annualized Operating net income for the period by average common shareholders’ equity, excluding AOCI, and after adjusting for the above noted items to arrive at Operating net income. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates.Reconciliations and definitions of such 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.

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: These risks and uncertainties include, but are not limited to, the "Risk Factors" described 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 23                             

---

SiriusPoint Ltd.

Table of Contents

Key Performance Indicators
Key Financial Metrics						4
Consolidated Financial Statements
Consolidated Balance Sheets - by Quarter						5
Consolidated Statements of Income (Loss)						6
Consolidated Statements of Income (Loss) - by Quarter						7
Consolidated Statements of Comprehensive Income (Loss) - by Quarter						8
Operating Segment Information
Segment Reporting - Three months ended December 31, 2025						9
Segment Reporting - Three months ended December 31, 2024						10
Segment Reporting - Year ended December 31, 2025						11
Segment Reporting - Year ended December 31, 2024						12
Consolidated Results - by Quarter						13
Core Results - by Quarter						14
Insurance & Services Segment - by Quarter						15
Reinsurance Segment - by Quarter						16
Investments
Investments - by Quarter						17
Other
Earnings (Loss) 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 - by Quarter						21
Operating Net Income and Operating Earnings per Share						22
Operating Return on Average Common Shareholders’ Equity						23

Page 3 of 23                             

---

SiriusPoint Ltd.

Key Financial Metrics

December 31, 2025 and 2024

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

			Three months ended												Twelve months ended
			December 31, 2025						December 31, 2024						December 31, 2025						December 31, 2024
			($ in millions, except for ratios and per share amounts)
Combined ratio			90.0		%				94.4		%				88.3		%				88.3		%
Core combined ratio (1)			92.9		%				90.2		%				91.7		%				91.0		%
Core underwriting income (1)			$	48.6					$	56.3					$	214.3					$	200.0
Core net services income (1)			$	4.2					$	10.4					$	41.9					$	44.6
Operating net income (1)			$	85.8					$	43.5					$	310.0					$	303.5
Operating earnings per share (1)			$	0.70					$	0.27					$	2.55					$	1.71
Annualized ROE			44.9		%				(4.0)		%				22.1		%				9.1		%
Annualized Operating ROE (1)			17.1		%				8.2		%				16.2		%				14.6		%

			December 31, 2025						December 31, 2024
Book value per common share			$	19.40					$	14.92
Book value per diluted common share			$	18.61					$	14.60
Book value per diluted common share ex. AOCI (1)			$	18.10					$	14.64
Tangible book value per diluted common share (1)			$	17.62					$	13.42

(1)Core combined ratio, Core underwriting income, and Core net services income are non-GAAP financial measures. See reconciliations in “Segment Reporting.” Operating net income, Operating earnings per share, and Operating ROE are non-GAAP financial measures. See reconciliations in “Operating net income and Operating earnings per share" and "Operating ROE." Book value per diluted common share ex. AOCI and tangible book value per diluted common share are non-GAAP financial measures. See reconciliation in “Book Value per Share - by Quarter.”

Page 4 of 23                             

---

SiriusPoint Ltd.

Consolidated Balance Sheets - by Quarter

(expressed in millions of U.S. dollars)

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Assets
Debt securities, available for sale, at fair value, net of allowance for credit losses						$	5,168.6					$	5,145.6					$	4,735.9					$	4,635.2					$	5,131.0
Debt securities, trading, at fair value						90.3						98.7						102.9						117.6						162.2
Short-term investments, at fair value						28.3						24.6						54.9						48.2						95.8
Other long-term investments, at fair value						315.1						318.3						320.1						317.7						316.5
Total investments						5,602.3						5,587.2						5,213.8						5,118.7						5,705.5
Cash and cash equivalents						731.2						582.4						732.4						740.3						682.0
Restricted cash and cash equivalents						171.2						135.3						190.8						184.9						212.6
Due from brokers						7.5						10.0						8.2						18.8						11.2
Interest and dividends receivable						47.1						43.9						42.5						42.1						44.0
Insurance and reinsurance balances receivable, net						2,260.3						2,291.4						2,290.1						2,240.8						2,054.4
Deferred acquisition costs, net						384.1						381.1						379.5						369.3						327.5
Unearned premiums ceded						487.4						487.1						484.0						514.3						463.9
Loss and loss adjustment expenses recoverable, net						2,102.3						2,162.9						2,263.9						2,335.7						2,315.3
Deferred tax asset						267.7						282.2						297.1						293.3						297.0
Intangible assets						121.2						123.6						135.1						137.9						140.8
Other assets						272.1						330.0						318.3						284.4						270.7
Assets held for sale						115.2						43.1						—						—						—
Total assets						$	12,569.6					$	12,460.2					$	12,355.7					$	12,280.5					$	12,524.9
Liabilities
Loss and loss adjustment expense reserves						$	5,782.5					$	5,811.7					$	5,817.4					$	5,762.6					$	5,653.9
Unearned premium reserves						1,855.4						1,867.9						1,854.0						1,816.8						1,639.2
Reinsurance balances payable						1,447.6						1,492.1						1,539.9						1,707.5						1,781.6
Deferred gain on retroactive reinsurance						—						—						—						6.6						8.5
Debt						688.6						682.5						678.4						663.5						639.1
Due to brokers						5.5						27.5						9.0						6.6						18.0
Deferred tax liability						73.0						78.5						89.6						94.2						76.2
Share repurchase liability						—						—						—						—						483.0
Liabilities held for sale						—						25.8						—						—						—
Other liabilities						246.1						263.2						260.6						196.0						286.6
Total liabilities						10,098.7						10,249.2						10,248.9						10,253.8						10,586.1
Commitments and contingent liabilities
Shareholders’ equity
Series B preference shares						200.0						200.0						200.0						200.0						200.0
Common shares						11.7						11.7						11.7						11.6						11.6
Additional paid-in capital						967.7						957.4						945.8						944.7						945.0
Retained earnings						1,228.5						988.5						901.7						842.5						784.9
Accumulated other comprehensive income (loss), net of tax						61.9						52.3						46.5						26.4						(4.1)
Shareholders’ equity attributable to SiriusPoint shareholders						2,469.8						2,209.9						2,105.7						2,025.2						1,937.4
Noncontrolling interests						1.1						1.1						1.1						1.5						1.4
Total shareholders’ equity						2,470.9						2,211.0						2,106.8						2,026.7						1,938.8
Total liabilities, noncontrolling interests and shareholders’ equity						$	12,569.6					$	12,460.2					$	12,355.7					$	12,280.5					$	12,524.9

Page 5 of 23                             

---

SiriusPoint Ltd.

Consolidated Statements of Income (Loss)

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

			Three months ended												Twelve months ended
			December 31, 2025						December 31, 2024						December 31, 2025						December 31, 2024
Revenues
Net earned premium			$	667.4					$	590.3					$	2,593.8					$	2,343.5
Net investment income			68.9						68.9						274.8						303.6
Net realized and unrealized investment losses			(9.5)						(39.9)						(2.9)						(79.0)
Net investment income net realized and unrealized investment losses			59.4						29.0						271.9						224.6
Other revenues			246.9						19.4						339.4						184.2
Loss on settlement and change in fair value of liability-classified capital instruments			—						(25.9)						—						(148.5)
Total revenues			973.7						612.8						3,205.1						2,603.8
Expenses
Loss and loss adjustment expenses incurred, net			372.2						369.1						1,519.5						1,368.5
Acquisition costs, net			173.2						134.6						583.6						516.9
Other underwriting expenses			54.9						53.9						187.9						181.7
Net corporate and other expenses			63.0						58.1						257.0						232.1
Intangible asset amortization			2.4						3.0						10.9						11.9
Interest expense			19.5						19.6						79.7						69.6
Foreign exchange (gains) losses			8.3						(12.9)						25.2						(10.0)
Total expenses			693.5						625.4						2,663.8						2,370.7
Income (loss) before income tax expense			280.2						(12.6)						541.3						233.1
Income tax expense			(36.1)						(4.4)						(81.2)						(30.7)
Net income (loss)			244.1						(17.0)						460.1						202.4
Net income attributable to noncontrolling interests			(0.1)						(0.3)						(0.5)						(2.5)
Net income (loss) available to SiriusPoint			244.0						(17.3)						459.6						199.9
Dividends on Series B preference shares			(4.0)						(4.0)						(16.0)						(16.0)
Net income (loss) available to SiriusPoint common shareholders			$	240.0					$	(21.3)					$	443.6					$	183.9
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾			$	2.05					$	(0.13)					$	3.80					$	1.06
Diluted earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾			$	1.97					$	(0.13)					$	3.64					$	1.04
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic			116,788,646						161,378,360						116,507,940						166,537,394
Diluted			121,838,966						161,378,360						121,648,050						169,470,681

(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 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 6 of 23                             

---

SiriusPoint Ltd.

Consolidated Statements of Income (Loss) - by Quarter

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

			December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Revenues
Net earned premium			$	667.4					$	647.7					$	652.0					$	626.7					$	590.3
Net investment income			68.9						66.5						68.2						71.2						68.9
Net realized and unrealized investment gains (losses)			(9.5)						6.2						0.7						(0.3)						(39.9)
Net investment income and net realized and unrealized investment gains (losses)			59.4						72.7						68.9						70.9						29.0
Other revenues			246.9						35.5						27.3						29.7						19.4
Loss on settlement and change in fair value of liability-classified capital instruments			—						—						—						—						(25.9)
Total revenues			973.7						755.9						748.2						727.3						612.8
Expenses
Loss and loss adjustment expenses incurred, net			372.2						372.9						372.6						401.8						369.1
Acquisition costs, net			173.2						139.8						140.9						129.7						134.6
Other underwriting expenses			54.9						43.6						48.3						41.1						53.9
Net corporate and other expenses			63.0						62.5						70.9						60.6						58.1
Intangible asset amortization			2.4						2.8						2.8						2.9						3.0
Interest expense			19.5						21.0						21.1						18.1						19.6
Foreign exchange (gains) losses			8.3						2.4						16.7						(2.2)						(12.9)
Total expenses			693.5						645.0						673.3						652.0						625.4
Income (loss) before income tax expense			280.2						110.9						74.9						75.3						(12.6)
Income tax expense			(36.1)						(20.2)						(11.6)						(13.3)						(4.4)
Net income (loss)			244.1						90.7						63.3						62.0						(17.0)
Net (income) loss attributable to noncontrolling interests			(0.1)						0.1						(0.1)						(0.4)						(0.3)
Net income (loss) available to SiriusPoint			244.0						90.8						63.2						61.6						(17.3)
Dividends on Series B preference shares			(4.0)						(4.0)						(4.0)						(4.0)						(4.0)
Net income (loss) available to SiriusPoint common shareholders			$	240.0					$	86.8					$	59.2					$	57.6					$	(21.3)
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾			$	2.05					$	0.74					$	0.51					$	0.50					$	(0.13)
Diluted earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾			$	1.97					$	0.73					$	0.50					$	0.49					$	(0.13)
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic			116,788,646						116,726,540						116,523,435						115,975,961						161,378,360
Diluted			121,838,966						118,817,903						118,669,471						118,555,166						161,378,360

(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 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 23                             

---

SiriusPoint Ltd.

Consolidated Statements of Comprehensive Income (Loss) - by Quarter

(expressed in millions of U.S. dollars)

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Comprehensive income (loss)
Net income (loss)						$	244.1					$	90.7					$	63.3					$	62.0					$	(17.0)
Other comprehensive income (loss), net of tax
Change in foreign currency translation adjustments						2.2						(3.3)						3.4						(0.2)						2.6
Unrealized gains (losses) from debt securities held as available for sale investments						6.1						2.2						19.1						32.7						(89.1)
Reclassifications from accumulated other comprehensive income (loss)						1.3						6.9						(2.4)						(2.0)						0.9
Total other comprehensive income (loss)						9.6						5.8						20.1						30.5						(85.6)
Comprehensive income (loss)						253.7						96.5						83.4						92.5						(102.6)
Net (income) loss attributable to noncontrolling interests						(0.1)						0.1						(0.1)						(0.4)						(0.3)
Comprehensive income (loss) available to SiriusPoint						$	253.6					$	96.6					$	83.3					$	92.1					$	(102.9)

Page 8 of 23                             

---

SiriusPoint Ltd.

Segment Reporting - Three months ended December 31, 2025

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

			Insurance & Services						Reinsurance						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross written premium			$	556.0					$	340.9					$	896.9					$	—					$	1.4					$	—					$	898.3
Net written premium			377.1						283.8						660.9						—						(5.8)						—						655.1
Net earned premium			395.0						281.6						676.6						—						(9.2)						—						667.4
Loss and loss adjustment expenses incurred, net			230.5						159.0						389.5						(2.2)						(15.1)						—						372.2
Acquisition costs, net			113.1						75.6						188.7						(26.6)						11.1						—						173.2
Other underwriting expenses			24.9						24.9						49.8						—						5.1						—						54.9
Underwriting income (loss)			26.5						22.1						48.6						28.8						(10.3)						—						67.1
Services revenues			45.7						—						45.7						(22.4)						—						(23.3)						—
Services expenses			41.4						—						41.4						—						—						(41.4)						—
Net services fee income			4.3						—						4.3						(22.4)						—						18.1						—
Services noncontrolling income			(0.1)						—						(0.1)						—						—						0.1						—
Net services income			4.2						—						4.2						(22.4)						—						18.2						—
Segment income (loss)			30.7						22.1						52.8						6.4						(10.3)						18.2						67.1
Net investment income																											68.9						—						68.9
Net realized and unrealized investment losses																											(9.5)						—						(9.5)
Other revenues																											223.6						23.3						246.9
Net corporate and other expenses																											(21.6)						(41.4)						(63.0)
Intangible asset amortization																											(2.4)						—						(2.4)
Interest expense																											(19.5)						—						(19.5)
Foreign exchange losses																											(8.3)						—						(8.3)
Income before income tax expense			$	30.7					$	22.1					52.8						6.4						220.9						0.1						280.2
Income tax expense															—						—						(36.1)						—						(36.1)
Net income															52.8						6.4						184.8						0.1						244.1
Net income attributable to noncontrolling interest															—						—						—						(0.1)						(0.1)
Net income available to SiriusPoint															$	52.8					$	6.4					$	184.8					$	—					$	244.0
Attritional losses			$	238.4					$	159.1					$	397.5					$	(2.2)					$	(8.1)					$	—					$	387.2
Catastrophe losses			2.5						4.5						7.0						—						—						—						7.0
Prior year loss reserve development			(10.4)						(4.6)						(15.0)						—						(7.0)						—						(22.0)
Loss and loss adjustment expenses incurred, net			$	230.5					$	159.0					$	389.5					$	(2.2)					$	(15.1)					$	—					$	372.2
Underwriting Ratios: (1)
Attritional loss ratio			60.4		%				56.5		%				58.8		%																						58.1		%
Catastrophe loss ratio			0.6		%				1.6		%				1.0		%																						1.0		%
Prior year loss development ratio			(2.6)		%				(1.6)		%				(2.2)		%																						(3.3)		%
Loss ratio			58.4		%				56.5		%				57.6		%																						55.8		%
Acquisition cost ratio			28.6		%				26.8		%				27.9		%																						26.0		%
Other underwriting expenses ratio			6.3		%				8.8		%				7.4		%																						8.2		%
Combined ratio			93.3		%				92.1		%				92.9		%																						90.0		%

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

(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.

Page 9 of 23                             

---

SiriusPoint Ltd.

Segment Reporting - Three months ended December 31, 2024

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

			Insurance & Services						Reinsurance						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross written premium			$	450.3					$	312.2					$	762.5					$	—					$	(3.0)					$	—					$	759.5
Net written premium			322.7						237.5						560.2						—						4.8						—						565.0
Net earned premium			315.7						265.9						581.6						—						8.7						—						590.3
Loss and loss adjustment expenses incurred, net			175.3						148.3						323.6						(1.4)						46.9						—						369.1
Acquisition costs, net			77.8						73.1						150.9						(27.6)						11.3						—						134.6
Other underwriting expenses			24.6						26.2						50.8						—						3.1						—						53.9
Underwriting income (loss)			38.0						18.3						56.3						29.0						(52.6)						—						32.7
Services revenues			51.6						—						51.6						(31.4)						—						(20.2)						—
Services expenses			41.2						—						41.2						—						—						(41.2)						—
Net services income			10.4						—						10.4						(31.4)						—						21.0						—
Segment income (loss)			48.4						18.3						66.7						(2.4)						(52.6)						21.0						32.7
Net investment income																											68.9						—						68.9
Net realized and unrealized investment losses																											(39.9)						—						(39.9)
Other revenues																											(0.8)						20.2						19.4
Loss on settlement and change in fair value of liability classified instruments																											(25.9)						—						(25.9)
Net corporate and other expenses																											(16.9)						(41.2)						(58.1)
Intangible asset amortization																											(3.0)						—						(3.0)
Interest expense																											(19.6)						—						(19.6)
Foreign exchange gains																											12.9						—						12.9
Income (loss) before income tax expense			$	48.4					$	18.3					66.7						(2.4)						(76.9)						—						(12.6)
Income tax expense															—						—						(4.4)						—						(4.4)
Net income (loss)															66.7						(2.4)						(81.3)						—						(17.0)
Net income attributable to noncontrolling interest															—						—						(0.3)						—						(0.3)
Net income (loss) available to SiriusPoint															$	66.7					$	(2.4)					$	(81.6)					$	—					$	(17.3)
Attritional losses			$	188.2					$	154.9					$	343.1					$	(1.4)					$	26.1					$	—					$	367.8
Catastrophe losses			3.4						35.2						38.6						—						—						—						38.6
Prior year loss reserve development			(16.3)						(41.8)						(58.1)						—						20.8						—						(37.3)
Loss and loss adjustment expenses incurred, net			$	175.3					$	148.3					$	323.6					$	(1.4)					$	46.9					$	—					$	369.1
Underwriting Ratios: (1)
Attritional loss ratio			59.6		%				58.3		%				59.0		%																						62.3		%
Catastrophe loss ratio			1.1		%				13.2		%				6.6		%																						6.5		%
Prior year loss development ratio			(5.2)		%				(15.7)		%				(10.0)		%																						(6.3)		%
Loss ratio			55.5		%				55.8		%				55.6		%																						62.5		%
Acquisition cost ratio			24.6		%				27.5		%				25.9		%																						22.8		%
Other underwriting expenses ratio			7.8		%				9.9		%				8.7		%																						9.1		%
Combined ratio			87.9		%				93.2		%				90.2		%																						94.4		%

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

(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.

Page 10 of 23                             

---

SiriusPoint Ltd.

Segment Reporting - Year ended December 31, 2025

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

			Insurance & Services						Reinsurance						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross written premium			$	2,313.5					$	1,375.0					$	3,688.5					$	—					$	17.1					$	—					$	3,705.6
Net written premium			1,650.2						1,127.4						2,777.6						—						(4.8)						—						2,772.8
Net earned premium			1,481.6						1,109.9						2,591.5						—						2.3						—						2,593.8
Loss and loss adjustment expenses incurred, net			874.9						656.2						1,531.1						(7.2)						(4.4)						—						1,519.5
Acquisition costs, net			396.6						277.9						674.5						(109.7)						18.8						—						583.6
Other underwriting expenses			86.3						85.3						171.6						—						16.3						—						187.9
Underwriting income (loss)			123.8						90.5						214.3						116.9						(28.4)						—						302.8
Services revenues			224.4						—						224.4						(117.0)						—						(107.4)						—
Services expenses			182.6						—						182.6						—						—						(182.6)						—
Net services fee income			41.8						—						41.8						(117.0)						—						75.2						—
Services noncontrolling loss			0.1						—						0.1						—						—						(0.1)						—
Net services income			41.9						—						41.9						(117.0)						—						75.1						—
Segment income (loss)			165.7						90.5						256.2						(0.1)						(28.4)						75.1						302.8
Net investment income																											274.8						—						274.8
Net realized and unrealized investment losses																											(2.9)						—						(2.9)
Other revenues																											232.0						107.4						339.4
Net corporate and other expenses																											(74.4)						(182.6)						(257.0)
Intangible asset amortization																											(10.9)						—						(10.9)
Interest expense																											(79.7)						—						(79.7)
Foreign exchange losses																											(25.2)						—						(25.2)
Income before income tax expense			$	165.7					$	90.5					256.2						(0.1)						285.3						(0.1)						541.3
Income tax expense															—						—						(81.2)						—						(81.2)
Net income															256.2						(0.1)						204.1						(0.1)						460.1
Net income attributable to noncontrolling interests															—						—						(0.6)						0.1						(0.5)
Net income available to SiriusPoint															$	256.2					$	(0.1)					$	203.5					$	—					$	459.6
Attritional losses			$	899.7					$	629.2					$	1,528.9					$	(7.2)					$	(2.8)					$	—					$	1,518.9
Catastrophe losses			7.3						67.1						74.4						—						—						—						74.4
Prior year loss reserve development			(32.1)						(40.1)						(72.2)						—						(1.6)						—						(73.8)
Loss and loss adjustment expenses incurred, net			$	874.9					$	656.2					$	1,531.1					$	(7.2)					$	(4.4)					$	—					$	1,519.5
Underwriting Ratios: (1)
Attritional loss ratio			60.8		%				56.7		%				59.0		%																						58.5		%
Catastrophe loss ratio			0.5		%				6.0		%				2.9		%																						2.9		%
Prior year loss development ratio			(2.2)		%				(3.6)		%				(2.8)		%																						(2.8)		%
Loss ratio			59.1		%				59.1		%				59.1		%																						58.6		%
Acquisition cost ratio			26.8		%				25.0		%				26.0		%																						22.5		%
Other underwriting expenses ratio			5.8		%				7.7		%				6.6		%																						7.2		%
Combined ratio			91.7		%				91.8		%				91.7		%																						88.3		%

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

(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.

Page 11 of 23                             

---

SiriusPoint Ltd.

Segment Reporting - Year ended December 31, 2024

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

			Insurance & Services						Reinsurance						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross written premium			$	1,840.8					$	1,335.6					$	3,176.4					$	—					$	68.2					$	—					$	3,244.6
Net written premium			1,236.2						1,104.7						2,340.9						—						11.2						—						2,352.1
Net earned premium			1,154.0						1,045.1						2,199.1						—						144.4						—						2,343.5
Loss and loss adjustment expenses incurred, net			714.1						554.3						1,268.4						(5.5)						105.6						—						1,368.5
Acquisition costs, net			284.7						279.9						564.6						(121.4)						73.7						—						516.9
Other underwriting expenses			80.0						86.1						166.1						—						15.6						—						181.7
Underwriting income (loss)			75.2						124.8						200.0						126.9						(50.5)						—						276.4
Services revenues			222.9						—						222.9						(132.8)						—						(90.1)						—
Services expenses			176.2						—						176.2						—						—						(176.2)						—
Net services fee income			46.7						—						46.7						(132.8)						—						86.1						—
Services noncontrolling income			(2.1)						—						(2.1)						—						—						2.1						—
Net services income			44.6						—						44.6						(132.8)						—						88.2						—
Segment income (loss)			119.8						124.8						244.6						(5.9)						(50.5)						88.2						276.4
Net investment income																											303.6						—						303.6
Net realized and unrealized investment losses																											(79.0)						—						(79.0)
Other revenues																											94.1						90.1						184.2
Loss on settlement and change in fair value of liability-classified instruments																											(148.5)						—						(148.5)
Net corporate and other expenses																											(55.9)						(176.2)						(232.1)
Intangible asset amortization																											(11.9)						—						(11.9)
Interest expense																											(69.6)						—						(69.6)
Foreign exchange gains																											10.0						—						10.0
Income (loss) before income tax expense			$	119.8					$	124.8					244.6						(5.9)						(7.7)						2.1						233.1
Income tax expense															—						—						(30.7)						—						(30.7)
Net income (loss)															244.6						(5.9)						(38.4)						2.1						202.4
Net income attributable to noncontrolling interests															—						—						(0.4)						(2.1)						(2.5)
Net income (loss) available to SiriusPoint															$	244.6					$	(5.9)					$	(38.8)					$	—					$	199.9
Attritional losses			$	734.5					$	579.8					$	1,314.3					$	(5.5)					$	112.8					$	—					$	1,421.6
Catastrophe losses			5.3						49.5						54.8						—						—						—						54.8
Prior year loss reserve development			(25.7)						(75.0)						(100.7)						—						(7.2)						—						(107.9)
Loss and loss adjustment expenses incurred, net			$	714.1					$	554.3					$	1,268.4					$	(5.5)					$	105.6					$	—					$	1,368.5
Underwriting Ratios: (1)
Attritional loss ratio			63.6		%				55.5		%				59.8		%																						60.7		%
Catastrophe loss ratio			0.5		%				4.7		%				2.5		%																						2.3		%
Prior year loss development ratio			(2.2)		%				(7.2)		%				(4.6)		%																						(4.6)		%
Loss ratio			61.9		%				53.0		%				57.7		%																						58.4		%
Acquisition cost ratio			24.7		%				26.8		%				25.7		%																						22.1		%
Other underwriting expenses ratio			6.9		%				8.2		%				7.6		%																						7.8		%
Combined ratio			93.5		%				88.0		%				91.0		%																						88.3		%

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

(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.

Page 12 of 23                             

---

SiriusPoint Ltd.

Consolidated Results - by Quarter

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

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Revenues
Gross written premium						$	898.3					$	874.4					$	948.2					$	984.7					$	759.5
Net written premium						655.1						670.3						704.4						743.0						565.0
Net earned premium						667.4						647.7						652.0						626.7						590.3
Expenses
Loss and loss adjustment expenses incurred, net						372.2						372.9						372.6						401.8						369.1
Acquisition costs, net						173.2						139.8						140.9						129.7						134.6
Other underwriting expenses						54.9						43.6						48.3						41.1						53.9
Underwriting income						$	67.1					$	91.4					$	90.2					$	54.1					$	32.7
Attritional losses						$	387.2					$	381.8					$	381.8					$	368.1					$	367.8
Catastrophe losses, net of reinsurance and reinstatement premiums						7.0						—						(0.5)						67.9						38.6
Favorable prior year loss reserve development						$	(22.0)					$	(8.9)					$	(8.7)					$	(34.2)					$	(37.3)
Underwriting Ratios (1):
Loss ratio						55.8		%				57.6		%				57.1		%				64.1		%				62.5		%
Acquisition cost ratio						26.0		%				21.6		%				21.6		%				20.7		%				22.8		%
Other underwriting expenses ratio						8.2		%				6.7		%				7.4		%				6.6		%				9.1		%
Combined ratio						90.0		%				85.9		%				86.1		%				91.4		%				94.4		%

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

Page 13 of 23                             

---

SiriusPoint Ltd.

Core Results - by Quarter (1)

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

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Revenues
Gross written premium						$	896.9					$	871.6					$	930.1					$	989.9					$	762.5
Net written premium						660.9						664.9						699.8						752.0						560.2
Net earned premium						676.6						643.5						645.6						625.8						581.6
Expenses
Loss and loss adjustment expenses incurred, net						389.5						370.8						365.6						405.2						323.6
Acquisition costs, net						188.7						163.0						168.4						154.4						150.9
Other underwriting expenses						49.8						40.1						44.0						37.7						50.8
Underwriting income						48.6						69.6						67.6						28.5						56.3
Services revenues						45.7						58.5						58.1						62.1						51.6
Services expenses						41.4						48.5						49.6						43.1						41.2
Net services fee income						4.3						10.0						8.5						19.0						10.4
Services noncontrolling (income) loss						(0.1)						0.1						0.2						(0.1)						—
Net services income						4.2						10.1						8.7						18.9						10.4
Segment income						$	52.8					$	79.7					$	76.3					$	47.4					$	66.7
Attritional losses						$	397.5					$	379.9					$	379.9					$	371.6					$	343.1
Catastrophe losses, net of reinsurance and reinstatement premiums						7.0						—						(0.5)						67.9						38.6
Favorable prior year loss reserve development						$	(15.0)					$	(9.1)					$	(13.8)					$	(34.3)					$	(58.1)
Underwriting Ratios (2):
Loss ratio						57.6		%				57.6		%				56.6		%				64.7		%				55.6		%
Acquisition cost ratio						27.9		%				25.3		%				26.1		%				24.7		%				25.9		%
Other underwriting expenses ratio						7.4		%				6.2		%				6.8		%				6.0		%				8.7		%
Combined ratio						92.9		%				89.1		%				89.5		%				95.4		%				90.2		%
Accident year loss ratio						59.8		%				59.0		%				58.8		%				70.2		%				65.6		%
Accident year combined ratio						95.0		%				90.6		%				91.7		%				100.9		%				100.3		%
Attritional loss ratio						58.8		%				59.0		%				58.8		%				59.3		%				59.0		%
Attritional combined ratio						94.1		%				90.5		%				91.7		%				90.0		%				93.6		%

(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 earned premium. 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 and attritional combined ratio exclude catastrophe losses from the respective accident year ratios as they are not predictable as to timing and amount.

Page 14 of 23                             

---

SiriusPoint Ltd.

Insurance & Services Segment - by Quarter

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

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Revenues
Gross written premium						$	556.0					$	562.0					$	560.4					$	635.1					$	450.3
Net written premium						377.1						396.8						392.8						483.5						322.7
Net earned premium						395.0						381.2						369.2						336.2						315.7
Expenses
Loss and loss adjustment expenses incurred, net						230.5						225.3						209.2						209.9						175.3
Acquisition costs, net						113.1						98.3						97.9						87.3						77.8
Other underwriting expenses						24.9						19.9						22.6						18.9						24.6
Underwriting income						26.5						37.7						39.5						20.1						38.0
Services revenues						45.7						58.5						58.1						62.1						51.6
Services expenses						41.4						48.5						49.6						43.1						41.2
Net services fee income						4.3						10.0						8.5						19.0						10.4
Services noncontrolling (income) loss						(0.1)						0.1						0.2						(0.1)						—
Net services income						4.2						10.1						8.7						18.9						10.4
Segment income						$	30.7					$	47.8					$	48.2					$	39.0					$	48.4
Attritional losses						$	238.4					$	234.8					$	218.9					$	207.6					$	188.2
Catastrophe losses, net of reinsurance and reinstatement premiums						2.5						—						—						4.8						3.4
Favorable prior year loss reserve development						$	(10.4)					$	(9.5)					$	(9.7)					$	(2.5)					$	(16.3)
Underwriting Ratios (1):
Loss ratio						58.4		%				59.1		%				56.7		%				62.4		%				55.5		%
Acquisition cost ratio						28.6		%				25.8		%				26.5		%				26.0		%				24.6		%
Other underwriting expenses ratio						6.3		%				5.2		%				6.1		%				5.6		%				7.8		%
Combined ratio						93.3		%				90.1		%				89.3		%				94.0		%				87.9		%
Accident year loss ratio						61.0		%				61.6		%				59.3		%				63.2		%				60.7		%
Accident year combined ratio						95.9		%				92.6		%				91.9		%				94.8		%				93.1		%
Attritional loss ratio						60.4		%				61.6		%				59.3		%				61.7		%				59.6		%
Attritional combined ratio						95.3		%				92.6		%				91.9		%				93.3		%				92.0		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium. 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 and attritional combined ratio exclude catastrophe losses from the respective accident year ratios as they are not predictable as to timing and amount.

Page 15 of 23                             

---

SiriusPoint Ltd.

Reinsurance Segment - by Quarter

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

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Revenues
Gross written premium						$	340.9					$	309.6					$	369.7					$	354.8					$	312.2
Net written premium						283.8						268.1						307.0						268.5						237.5
Net earned premium						281.6						262.3						276.4						289.6						265.9
Expenses
Loss and loss adjustment expenses incurred, net						159.0						145.5						156.4						195.3						148.3
Acquisition costs, net						75.6						64.7						70.5						67.1						73.1
Other underwriting expenses						24.9						20.2						21.4						18.8						26.2
Underwriting income						$	22.1					$	31.9					$	28.1					$	8.4					$	18.3
Attritional losses						$	159.1					$	145.1					$	161.0					$	164.0					$	154.9
Catastrophe losses, net of reinsurance and reinstatement premiums						4.5						—						(0.5)						63.1						35.2
(Favorable) adverse prior year loss reserve development						$	(4.6)					$	0.4					$	(4.1)					$	(31.8)					$	(41.8)
Underwriting Ratios (1):
Loss ratio						56.5		%				55.5		%				56.6		%				67.4		%				55.8		%
Acquisition cost ratio						26.8		%				24.7		%				25.5		%				23.2		%				27.5		%
Other underwriting expense ratio						8.8		%				7.7		%				7.7		%				6.5		%				9.9		%
Combined ratio						92.1		%				87.9		%				89.8		%				97.1		%				93.2		%
Accident year loss ratio						58.1		%				55.3		%				58.1		%				78.4		%				71.5		%
Accident year combined ratio						93.8		%				87.7		%				91.3		%				108.1		%				108.8		%
Attritional loss ratio						56.5		%				55.3		%				58.3		%				56.6		%				58.3		%
Attritional combined ratio						92.1		%				87.7		%				91.5		%				86.3		%				95.7		%

(1)Underwriting ratios are calculated by dividing the related expense by net earned premium. 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 and attritional combined ratio exclude catastrophe losses from the respective accident year ratios as they are not predictable as to timing and amount.

Page 16 of 23                             

---

SiriusPoint Ltd.

Investments - by Quarter

(expressed in millions of U.S. dollars)

																					December 31, 2025												September 30, 2025												June 30, 2025												March 31, 2025												December 31, 2024
																					Fair Value						%						Fair Value						%						Fair Value						%						Fair Value						%						Fair Value						%
Asset-backed securities																					$	921.1					16.5		%				$	914.4					16.4		%				$	984.4					18.9		%				$	1,007.8					19.8		%				$	1,149.7					20.1		%
Residential mortgage-backed securities																					963.1						17.2		%				974.4						17.5		%				916.9						17.6		%				931.0						18.2		%				973.8						17.1		%
Commercial mortgage-backed securities																					231.9						4.1		%				204.4						3.7		%				177.6						3.4		%				174.0						3.4		%				224.5						3.9		%
Corporate debt securities																					2,198.2						39.2		%				2,043.0						36.7		%				1,701.3						32.6		%				1,618.3						31.6		%				1,899.9						33.3		%
U.S. government and government agency																					835.7						14.9		%				990.1						17.7		%				936.2						18.0		%				881.4						17.2		%				859.0						15.1		%
Non-U.S. government and government agency																					18.6						0.3		%				19.3						0.2		%				19.5						0.3		%				22.7						0.4		%				24.1						0.4		%
Total debt securities, available for sale																					5,168.6						92.2		%				5,145.6						92.2		%				4,735.9						90.8		%				4,635.2						90.6		%				5,131.0						89.9		%
Asset-backed securities																					5.9						0.1		%				8.6						0.2		%				9.7						0.2		%				19.1						0.4		%				53.1						0.9		%
Residential mortgage-backed securities																					45.0						0.8		%				46.1						0.8		%				47.0						0.9		%				47.9						0.9		%				48.7						0.9		%
Commercial mortgage-backed securities																					31.9						0.6		%				36.1						0.6		%				38.6						0.7		%				42.7						0.8		%				51.8						0.9		%
Corporate debt securities																					3.7						0.1		%				3.7						0.1		%				3.5						0.1		%				3.8						0.1		%				4.6						0.1		%
U.S. government and government agency																					3.8						0.1		%				4.2						0.1		%				4.1						0.1		%				4.1						0.1		%				4.0						0.1		%
Total debt securities, trading																					90.3						1.7		%				98.7						1.8		%				102.9						2.0		%				117.6						2.3		%				162.2						2.9		%
Short-term investments																					28.3						0.5		%				24.6						0.3		%				54.9						1.0		%				48.2						0.9		%				95.8						1.7		%
Other long-term investments																					88.1						1.6		%				93.5						1.7		%				92.2						1.8		%				92.4						1.8		%				89.9						1.6		%
Cost and equity method investments																					69.3						1.2		%				66.8						1.2		%				68.8						1.3		%				65.1						1.3		%				64.7						1.1		%
Investments in funds valued at net asset value																					157.7						2.8		%				158.0						2.8		%				159.1						3.1		%				160.2						3.1		%				161.9						2.8		%
Total investments																					$	5,602.3					100.0		%				$	5,587.2					100.0		%				$	5,213.8					100.0		%				$	5,118.7					100.0		%				$	5,705.5					100.0		%

Page 17 of 23                             

---

SiriusPoint Ltd.

Earnings (Loss) per Share - by Quarter

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

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Weighted-average number of common shares outstanding:
Basic number of common shares outstanding						116,788,646						116,726,540						116,523,435						115,975,961						161,378,360
Dilutive effect of options, restricted share awards, restricted share units						5,050,320						2,091,363						2,146,036						2,579,205						—
Diluted number of common shares outstanding						121,838,966						118,817,903						118,669,471						118,555,166						161,378,360
Basic earnings (loss) per common share:
Net income (loss) available to SiriusPoint common shareholders						$	240.0					$	86.8					$	59.2					$	57.6					$	(21.3)
Net income allocated to SiriusPoint participating common shareholders						(0.1)						(0.1)						(0.1)						(0.1)						—
Net income (loss) allocated to SiriusPoint common shareholders						$	239.9					$	86.7					$	59.1					$	57.5					$	(21.3)
Basic earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾						$	2.05					$	0.74					$	0.51					$	0.50					$	(0.13)
Diluted earnings (loss) per common share:
Net income (loss) available to SiriusPoint common shareholders						$	240.0					$	86.8					$	59.2					$	57.6					$	(21.3)
Net income allocated to SiriusPoint participating common shareholders						(0.1)						(0.1)						(0.1)						(0.1)						—
Net income (loss) allocated to SiriusPoint common shareholders						$	239.9					$	86.7					$	59.1					$	57.5					$	(21.3)
Diluted earnings (loss) per share available to SiriusPoint common shareholders ⁽¹⁾						$	1.97					$	0.73					$	0.50					$	0.49					$	(0.13)

(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 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 23                             

---

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)

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Net income (loss) available to SiriusPoint common shareholders						$	240.0					$	86.8					$	59.2					$	57.6					$	(21.3)
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period						2,009.9						1,905.7						1,825.2						1,737.4						2,494.9
Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period						2,269.8						2,009.9						1,905.7						1,825.2						1,737.4
Average common shareholders’ equity attributable to SiriusPoint common shareholders						$	2,139.9					$	1,957.8					$	1,865.5					$	1,781.3					$	2,116.2
Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders (1)						44.9		%				17.7		%				12.7		%				12.9		%				(4.0)		%

(1)Annualized return on average common shareholders’ equity attributable to SiriusPoint common shareholders is calculated by dividing annualized net income (loss) 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 23                             

---

SiriusPoint Ltd.

Book Value per Share - by Quarter

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

						December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Common shareholders’ equity attributable to SiriusPoint common shareholders						$	2,269.8					$	2,009.9					$	1,905.7					$	1,825.2					$	1,737.4
Accumulated other comprehensive income (loss), net of tax						61.9						52.3						46.5						26.4						(4.1)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI						2,207.9						1,957.6						1,859.2						1,798.8						1,741.5
Intangible assets						121.2						123.6						135.1						137.9						140.8
Tangible common shareholders' equity attributable to SiriusPoint common shareholders						$	2,148.6					$	1,886.3					$	1,770.6					$	1,687.3					$	1,596.6
Common shares outstanding						116,989,799						116,807,497						116,759,539						116,020,526						116,429,057
Effect of dilutive stock options, restricted share units and warrants						4,983,345						2,034,652						2,136,069						2,708,756						2,559,359
Book value per diluted common share denominator						121,973,144						118,842,149						118,895,608						118,729,282						118,988,416
Book value per common share						$	19.40					$	17.21					$	16.32					$	15.73					$	14.92
Book value per diluted common share						$	18.61					$	16.91					$	16.03					$	15.37					$	14.60
Book value per diluted common share ex. AOCI (1)						$	18.10					$	16.47					$	15.64					$	15.15					$	14.64
Tangible book value per diluted common share (1)						$	17.62					$	15.87					$	14.89					$	14.21					$	13.42

(1)Book value per diluted common share excluding AOCI and tangible book value per diluted common share, as presented, are non-GAAP financial measures and the most directly comparable U.S. GAAP measure is book value per diluted common share. Management believes it is useful to exclude AOCI because it may fluctuate significantly between periods based on movements in interest and currency rates. 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 23                             

---

SiriusPoint Ltd.

Net Corporate and Other Expenses - by Quarter

(expressed in millions of U.S. dollars)

			December 31, 2025						September 30, 2025						June 30, 2025						March 31, 2025						December 31, 2024
Net corporate and other expenses			$	63.0					$	62.5					$	70.9					$	60.6					$	58.1
MGA Service expenses			$	41.4					$	48.5					$	49.6					$	43.1					$	41.2
Corporate and other expenses			$	13.9					$	12.8					$	19.0					$	16.9					$	14.4
Salaries, benefits and incentives			2.1						3.4						1.8						3.8						5.5
Professional fees			6.1						6.3						5.6						4.6						2.3
Taxes and regulatory fees			2.5						0.6						5.6						3.3						2.3
Corporate insurance			1.1						1.4						0.9						1.4						1.6
Depreciation			2.1						1.1						1.1						1.2						1.3
Other corporate expenses			—						—						4.0						2.6						1.4
Non-recurring corporate and other expenses			$	7.7					$	1.2					$	2.3					$	0.6					$	2.5
Salaries, benefits and incentives			6.3						0.3						0.3						—						0.4
Professional fees			1.4						0.9						2.0						0.6						2.1

Page 21 of 23                             

---

SiriusPoint Ltd.

Operating Net Income and Operating Earnings per Share

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

			Three months ended												Twelve months ended
			December 31, 2025						December 31, 2024						December 31, 2025						December 31, 2024
Net income (loss) available to SiriusPoint common shareholders			$	240.0					$	(21.3)					$	443.6					$	183.9
Adjustments:
Gain on sale or deconsolidation of consolidated MGAs			(222.4)						—						(222.4)						(96.0)
Losses on strategic and other investments			6.0						34.3						5.4						90.5
MGA & Strategic Investment Rationalization			(216.4)						34.3						(217.0)						(5.5)
Loss on settlement of liability classified financial instruments and deal costs			—						6.7						—						97.4
Change in fair value of liability classified financial instruments			—						19.2						—						51.1
CMIG Instruments & Transactions			—						25.9						—						148.5
Expense related to loss portfolio transfers			7.2						28.9						27.4						44.6
Bermuda corporate income tax enactment			(13.0)						—						(13.0)						—
Foreign exchange (gains) losses			8.3						(12.9)						25.2						(10.0)
COVID-19 favorable reserve development			—						—						—						(19.9)
Other non-recurring items			6.5						—						(4.5)						—
Income tax expense on adjustments (1)			53.2						(11.4)						48.3						(38.1)
Operating net income			$	85.8					$	43.5					$	310.0					$	303.5
Weighted average number of diluted common shares used in the determination of earnings per share			121,838,966						161,378,360						121,648,050						169,470,681
Operating diluted earnings per share prior to participating shareholder adjustments			$	0.70					$	0.27					$	2.55					$	1.79
Effect of above and net income allocated to participating shareholders			—						—						—						(0.08)
Operating diluted earnings per share			$	0.70					$	0.27					$	2.55					$	1.71

(1)    For the three and twelve months ended December 31, 2025 and 2024, an effective tax rate of 19% and 15%, respectively, is applied to the above adjustments to calculate the associated income tax expense, where applicable. Periods may have a different effective tax rate based on the jurisdiction of specific transactions.

Page 22 of 23                             

---

SiriusPoint Ltd.

Operating Return on Average Common Shareholders’ Equity

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

			Three months ended												Twelve months ended
			December 31, 2025						December 31, 2024						December 31, 2025						December 31, 2024
Operating net income			$	85.8					$	43.5					$	310.0					$	303.5
Common shareholders’ equity attributable to SiriusPoint common shareholders - beginning of period			2,009.9						2,494.9						1,737.4						2,313.9
Accumulated other comprehensive income (loss), net of tax - beginning of period			52.3						81.5						(4.1)						3.1
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI - beginning of period			1,957.6						2,413.4						1,741.5						2,310.8
Common shareholders’ equity attributable to SiriusPoint common shareholders - end of period			2,269.8						1,737.4						2,269.8						1,737.4
Adjustments to Net income to arrive at Operating net income			(154.2)						64.8						(133.6)						119.6
Accumulated other comprehensive income (loss), net of tax - end of period			61.9						(4.1)						61.9						(4.1)
Common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI - end of period			2,053.7						1,806.3						2,074.3						1,861.1
Average common shareholders’ equity attributable to SiriusPoint common shareholders ex. AOCI			$	2,005.7					$	2,109.9					$	1,907.9					$	2,086.0
Annualized Operating ROE			17.1		%				8.2		%				16.2		%				14.6		%

Page 23 of 23