| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 93 | 6.0x | 17.8x | Top tier | |
Growth | 56 | 22.6% | 7.1% | Around median | |
Quality | 95 | — | — | Top tier | |
Safety | 24 | — | — | Bottom tier | |
Capital Return | 33 | 0.00% | 2.12% | Bottom tier | |
Momentum | 82 | 26.9% | 2.9% | Top tier | |
Sentiment | 64 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
SiriusPoint Ltd. is a specialty insurance and reinsurance company that builds its portfolio around specialty risks and distribution through managing general agents MGA. The company generates income from insurance and reinsurance premiums, service fees, and returns on its investment portfolio; in Q1 fiscal year 2026, core gross written premiums reached $1 billion, underwriting income was $71 million, net service fee income was $8 million, and net investment income was $66 million. Accident & Health represents about 28% of the premium mix, while the share of property catastrophe reinsurance declined to about 4%, reflecting the deliberate shift toward less volatile specialty insurance business.
According to EDGAR filings, SiriusPoint recorded revenue of $744.1 million, net income of $68.6 million, and earnings per share of $0.58 in Q2 fiscal year 2026, equivalent to a calculated net income margin of about 9.2%. This compares with revenue of $774.6 million, net income of $102.2 million, and earnings per share of $0.82 in Q1 fiscal year 2026, meaning revenue declined by about 3.9% and net income by about 32.9% sequentially. For the twelve months ended in 2026, the latest data showed revenue of about $3.2 billion, net income of $505.6 million, and earnings per share of approximately $4.25, versus revenue of $3.2 billion, net income of $459.6 million, and earnings per share of $3.64 in fiscal year 2025.
The May 8, 2026 call showed that underwriting quality was the most prominent operating driver in Q1 fiscal year 2026; the core combined ratio was 88.9%, the lowest in six quarters, and the company recorded its fourteenth consecutive quarter of underwriting profitability. Operating return on equity was 15.3% and core operating return was 17.9%, while diluted book value per share excluding accumulated other comprehensive income rose 5% sequentially to $18.98. This came with a BSCR ratio of 242%, liquidity exceeding $1 billion, and a debt-to-capital ratio of 22.8%.
Automated analysis for informational purposes only — not investment advice.
The available analyst target is $25, a single target with no dispersion between the high and low ends, and it is below the 52-week range high of $26.48 and above its low of $17.17. The data does not include a rating distribution across buy, hold, and sell, and no published P/E ratio is available; therefore, the stock's valuation is based on the position of the $25 target within the 52-week range and the Q1 fiscal year 2026 book value of $18.98 per share, balancing improved underwriting against the sequential decline in Q2 earnings.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Earnings depend on specialty underwriting, service fees, and returns from the investment portfolio. In Q1 fiscal year 2026, the company generated $71 million in underwriting income, $8 million in net service fee income, and $66 million in net investment income. The decline in the impact of catastrophe losses from 10.9 points to 0.8 points helped bring the core combined ratio to 88.9%. According to the latest EDGAR data, net income was $68.6 million in Q2 fiscal year 2026 and earnings per share were $0.58.
Property catastrophe reinsurance prices declined by about 15% in Q1 fiscal year 2026, so the company declined some risks that did not provide an adequate return. Gross written premiums for this line fell 31%, and it now represents only about 4% of the portfolio. The deliberate reduction in exposure helped reduce catastrophe losses by $63 million year over year. As a result, the Reinsurance combined ratio improved by about 13 points to 84.2%.
SiriusPoint uses MGA agents to access specialty risks and specific markets, while linking incentives to underwriting results. The company selects fewer than 10% of the partners it evaluates, the onboarding process typically takes six to nine months, and the incentives of about 90% of them are linked to underwriting profits. The company added two new relationships in Q1 fiscal year 2026, and Insurance & Services grew 8% on a reported basis and at a double-digit rate after adjusting for nonrecurring items. The service revenue margin was also 14.6%, and net fee income rose 34% during the quarter.
Management expects gross written premium growth of between 5% and 10% in fiscal year 2026, with stronger growth in Insurance & Services and performance weighted toward the second half. Insurance & Services grew 8% in Q1 fiscal year 2026, while Accident & Health increased 9% and now represents about 28% of the premium mix. In contrast, Reinsurance declined 10% due to pricing discipline, particularly in property catastrophe. Therefore, achieving the guidance depends on continued double-digit growth in insurance offsetting the deliberate contraction in reinsurance.
The BSCR solvency ratio was about 242% in Q1 fiscal year 2026, even after the redemption of $200 million of preferred shares. Liquidity exceeded $1 billion, the debt-to-capital ratio declined to 22.8%, and diluted book value per share excluding accumulated other comprehensive income rose 5% to $18.98. Through May 8, 2026, the company had returned more than $240 million of capital, including more than $40 million through common share repurchases. It also increased its repurchase intention from $100 million to the full $174 million authorization.
Pricing pressure should be monitored after property catastrophe prices declined by about 15% and competition intensified in General Liability, D&O, and marine during Q1 fiscal year 2026. Loss-cost inflation also exceeded pricing rates in auto, prompting the company to reduce exposure. The other underwriting expense ratio was 7.2% versus annual guidance of 6.5%–7%, while the discontinued business portfolio, with net reserves of less than $500 million, remained a source of some losses. Q2 fiscal year 2026 data showed net income declining to $68.6 million from $102.2 million in the previous quarter, a trend worth monitoring in subsequent periods.
