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SiriusPoint Ltd

For the period ended Jun 30, 2025. Filed Aug 4, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 4, 2025

SPNT$26.41+0.3%Stored close · as of Nov 9, 2026

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2025

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

Commission File Number 001-36052

(Exact name of registrant as specified in its charter)

Bermuda98-1599372
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

Point Building

3 Waterloo Lane

Pembroke HM 08, Bermuda

+1441 542-3300

(Address of Principal Executive Offices) (Registrant’s Telephone Number, Including Area Code)

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

Title of each classTrading symbol(s)Name of each exchange on which registered
Common Shares, $0.10 par valueSPNTNew York Stock Exchange
8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per shareSPNT PBNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
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.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐

As of July 31, 2025, the registrant had 116,759,539 common shares issued and outstanding.

SiriusPoint Ltd.

INDEX

Page
PART I. FINANCIAL INFORMATION1
Item 1. Financial Statements1
Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 20241
Consolidated Statements of Income for the three and six months ended June 30, 2025 and 2024 (unaudited)2
Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 2024 (unaudited)3
Consolidated Statements of Shareholders' Equity for the three and six months ended June 30, 2025 and 2024 (unaudited)4
Consolidated Statements of Cash Flows for the three and six months ended June 30, 2025 and 2024 (unaudited)5
Notes to the Consolidated Financial Statements
Note 1. Organization6
Note 2. Significant accounting policies6
Note 3. Segment reporting6
Note 4. Cash, cash equivalents, restricted cash and restricted investments13
Note 5. Fair value measurements13
Note 6. Investments19
Note 7. Total net investment income and net realized and unrealized investment gains (losses)23
Note 8. Derivatives24
Note 9. Variable and voting interest entities26
Note 10. Loss and loss adjustment expense reserves28
Note 11. Allowance for expected credit losses29
Note 12. Debt and letter of credit facilities30
Note 13. Income taxes31
Note 14. Shareholders' equity32
Note 15. Earnings per share available to SiriusPoint common shareholders33
Note 16. Related party transactions33
Note 17. Commitments and contingencies34
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations36
Item 3. Quantitative and Qualitative Disclosures About Market Risk59
Item 4. Controls and Procedures61
PART II. OTHER INFORMATION61
Item 1. Legal Proceedings61
Item 1A. Risk Factors61
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities62
Item 3. Defaults Upon Senior Securities62
Item 4. Mine Safety Disclosures62
Item 5. Other Information62
Item 6. Exhibits63
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