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Midas Edge

SiriusPoint Ltd

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

SPNT$27.38+3.7%Stored close · as of Nov 10, 2026

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Contents

Item 15. Exhibits and Financial Statement Schedules

Financial Statements, Financial Statement Schedules and Exhibits

Financial Statements and Financial Statement Schedules

Audited Consolidated Financial StatementsPage
Report of Independent Registered Public Accounting Firm (PCAOB ID 238)F-2
Consolidated Balance Sheets as of December 31, 2025 and 2024F-4
Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023F-5
Consolidated Statements of Comprehensive Income for the years ended December 31, 2025, 2024 and 2023F-6
Consolidated Statements of Shareholders’ Equity for the years ended December 31, 2025, 2024 and 2023F-7
Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023F-8
Financial Statement Schedules
Schedule I - Summary of Investments - Other than Investments in Related Parties as of December 31, 2025F-77
Schedule II - Condensed Financial Information of Registrant as of December 31, 2025 and 2024 and for the years ended December 31, 2025, 2024 and 2023F-78
Schedule III - Supplementary Insurance Information as of and for the years ended December 31, 2025, 2024 and 2023F-82
Schedule IV - Reinsurance for the years ended December 31, 2025, 2024 and 2023F-83
Schedule VI - Supplementary Information for Property-Casualty Insurance Operations as of and for the years ended December 31, 2025, 2024 and 2023F-84

Exhibits

Exhibit NumberDescription
3.1Certificate of Incorporation of Third Point Reinsurance Ltd., issued October 10, 2011, as amended February 26, 2021, to effect a change of name to SiriusPoint Ltd.
3.1.1Memorandum of Association of Third Point Reinsurance Ltd., dated October 6, 2011 (incorporated by reference to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 filed on July 15, 2013).
3.1.2Certificate of Deposit of Memorandum of Increase of Share Capital of Third Point Reinsurance Ltd. issued August 7, 2013.
3.1.3Certificate of Deposit of Memorandum of Increase of Share Capital of Third Point Reinsurance Ltd. issued August 8, 2013 (incorporated by reference to Exhibit 3.1.1 to the Company’s Annual Report on Form 10-K filed on February 28, 2014).
3.2Bye-laws of SiriusPoint Ltd. (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on February 26, 2021).
3.3Series A Preference Shares Certificate of Designation, dated February 26, 2021 (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K filed on February 26, 2021).
3.4Amended and Restated Series B Preference Shares Certificate of Designation, dated March 17, 2021 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on March 18, 2021).
4.1Warrant Agreement, dated February 26, 2021 (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on February 26, 2021).
4.2Investor Rights Agreement, dated February 26, 2021, between SiriusPoint Ltd. and Daniel S. Loeb (incorporated by reference to Exhibit 4.6 to the Company’s Current Report on Form 8-K filed on February 26, 2021).
4.3First Supplemental Indenture, dated May 27, 2021, by and among Sirius International Group, Ltd., SiriusPoint Ltd., The Bank of New York Mellon, as trustee, and The Bank of New York Mellon, London Branch, as paying agent and calculation agent relating to the Subordinated Indenture, dated September 22, 2017 in regards to the Floating Rate Callable Subordinated Notes due 2047 (incorporated by reference to Exhibit 4.6 to the Company’s Current Report on Form 8-K filed on May 27, 2021).
4.4Senior Indenture, dated April 5, 2024, between SiriusPoint Ltd. and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on April 5, 2024).
4.4.1First Supplemental Indenture to Senior Indenture, dated April 5, 2024, between SiriusPoint Ltd. and The Bank of New York Mellon, as trustee (incorporated by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed on April 5, 2024).
4.5Description of SiriusPoint Ltd.’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (February 2026).
10.1Loss Portfolio Transfer Reinsurance Agreement, dated October 29, 2021, by and among SiriusPoint America Insurance Company, SiriusPoint Bermuda Insurance Company Ltd. and Pallas Reinsurance Company Ltd. (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q filed on November 3, 2021).
10.2Amended and Restated Investment Management Agreement, dated February 23, 2022, by among Third Point LLC, SiriusPoint Ltd., SiriusPoint America Insurance Company, SiriusPoint Bermuda Insurance Company Ltd. and SiriusPoint International Insurance Corporation (incorporated by reference to Exhibit 10.44 to the Company’s Annual Report on Form 10-K filed on March 1, 2022).
10.3Fourth Amended and Restated Exempted Limited Partnership Agreement of Third Point Enhanced LP, dated February 23, 2022, by and among Third Point Advisors L.L.C., SiriusPoint Ltd., SiriusPoint Bermuda Insurance Company Ltd. and Sirius Re Holdings, Inc (incorporated by reference to Exhibit 10.43 to the Company’s Annual Report on Form 10-K filed on March 1, 2022).
10.4†Master Agreement, dated March 2, 2023, by and among SiriusPoint International Försäkringsaktiebolag (publ) and Sirius International Managing Agency Limited, in its capacity as the managing agent for Sirius International Syndicate 1945 and Pallas Reinsurance Company Ltd. (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on May 3, 2023).
10.5†Loss Portfolio Transfer Reinsurance and Retrocession Agreement, dated June 30, 2023, by and between SiriusPoint International Försäkringsaktiebolag (publ) and Pallas Reinsurance Company Ltd. (incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q filed on August 2, 2023).
10.6†Loss Portfolio Transfer Reinsurance and Retrocession Agreement, dated June 30, 2023, by and between Sirius International Managing Agency Limited, in its capacity as the managing agent for Sirius International Syndicate 1945 and Pallas Reinsurance Company Ltd. (incorporated by reference to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q filed on August 2, 2023).
10.7†Master Agreement, dated April 30, 2024, by and between SiriusPoint America Insurance Company and Clarendon National Insurance Company (incorporated by reference to Exhibit 4.6 to the Company’s Quarterly Report on Form 10-Q filed on August 1, 2024).
10.8Loss Portfolio Transfer Reinsurance Agreement, dated October 1, 2024, between SiriusPoint America Insurance Company and Clarendon National Insurance Company (incorporated by reference to Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q filed on October 31, 2024).
10.9Amended and Restated Credit Agreement, dated December 19, 2024, by and among the Company, JPMorgan Chase Bank, N.A. as administrative agent, the lenders from time to time party thereto, and the other parties party thereto (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed on December 23, 2024).
10.10*Employment Agreement, dated May 17, 2023, with Scott Egan (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 19, 2023).
10.11*Employment Letter, dated May 21, 2024, with James J. McKinney (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 23, 2024).
10.12*Employment Letter, dated October 31, 2022, with David E. Govrin (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on November 2, 2022).
10.13*Employment Letter, dated December 1, 2022, with Rob Gibbs.
10.14*Employment Letter, dated November 4, 2024, with Anthony Shapella (incorporated by reference to Exhibit 10.36 to the Company’s Annual Report on Form 10-K filed on February 21, 2025).
10.15*Amended and Restated SiriusPoint Ltd. 2013 Omnibus Incentive Plan, as Amended and Restated effective as of February 26, 2021 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on November 3, 2021).
10.15.1*SiriusPoint Ltd. 2013 Omnibus Incentive Plan - Form of Director Restricted Shares Agreement (Special Award) (incorporated by reference to Exhibit 10.12 to the Company’s Quarterly Report on Form 10-Q filed on May 10, 2021).
10.15.2*SiriusPoint Ltd. 2013 Omnibus Incentive Plan - Form of Employee Restricted Shares Agreement (Sign-on Award) (incorporated by reference to Exhibit 10.15 to the Company’s Quarterly Report on Form 10-Q filed on May 10, 2021).
10.15.3*SiriusPoint Ltd. 2013 Omnibus Incentive Plan - Form of Employee Service Restricted Share Unit Agreement (incorporated by reference to Exhibit 10.16 to the Company’s Quarterly Report on Form 10-Q filed on May 10, 2021).
10.15.4*SiriusPoint Ltd. 2013 Omnibus Incentive Plan - Form of Employee Share Option Agreement (incorporated by reference to Exhibit 10.17 to the Company’s Quarterly Report on Form 10-Q filed on May 10, 2021).
10.15.5*SiriusPoint Ltd. 2013 Omnibus Incentive Plan - Form of Employee Service Restricted Shares Agreement (prior performance cycles) (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on August 5, 2021).
10.15.6*SiriusPoint Ltd. 2013 Omnibus Incentive Plan - Form of Employee Service Restricted Share Unit Agreement (time vesting RSUs) (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q filed on August 5, 2021).
10.15.7*Form of Employee Performance Restricted Share Unit Agreement (performance vesting RSUs) (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q filed on August 5, 2021).
10.16*Form of Employee Short-Term Incentive Plan, effective January 1, 2024.
10.17*SiriusPoint Ltd. 2023 Omnibus Incentive Plan (incorporated by reference to Appendix B to the Company’s Definitive Proxy Statement on Schedule 14A filed on April 21, 2023).
10.17.1*SiriusPoint Ltd. 2023 Omnibus Incentive Plan - Form of Director Restricted Shares Agreement. (incorporated by reference to Exhibit 10.7.1 to the Company’s Form 10-K filed on February 29, 2024).
10.17.2*SiriusPoint Ltd. 2023 Omnibus Incentive Plan - Form of Employee Service Restricted Share Unit Agreement.(incorporated by reference to Exhibit 10.7.2 of the Company’s Form 10-K filed on February 29, 2024).
10.17.3*SiriusPoint Ltd. 2023 Omnibus Incentive Plan - Form of Employee Performance Restricted Share Unit Agreement.(incorporated by reference to Exhibit 10.7.3 of the Company’s Form 10-K filed on February 29, 2024).
10.18Form of Director Service Agreement, dated May 20, 2025.
10.19Form of Director and Officer Indemnification Agreement issued in May 2025.
10.20*SiriusPoint Ltd. Executive Severance Plan and Summary Plan Description (incorporated by reference to Exhibit 10.1 of the Company’s Form 8-K filed on August 5, 2025).
19.1Insider Trading Policy, dated as of January 23, 2024 (incorporated by reference to Exhibit 19.1 of the Company’s Annual Report on Form 10-K Filed on February 21, 2025).
21.1List of Subsidiaries as of December 31, 2025.
23.1Consent of PricewaterhouseCoopers LLP.
31.1Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1±Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2±Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
97Clawback Policy (adopted October 2, 2023 and amended January 2024) (incorporated by reference to Exhibit 10.32 of the Company’s 10-K filed on February 29, 2024).
101.INSXBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCHInline XBRL Taxonomy Extension Schema Document.
101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document.
101.LABInline XBRL Taxonomy Extension Labels Linkbase Document.
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document.
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document.
104Cover Page Interactive Data File (formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101).
  • Management contracts or compensatory plans or arrangements

± This certification accompanies the related Form 10-K, is not deemed filed with the SEC and may not be incorporated by reference into any of the Registrant’s Securities Act or Exchange Act filings, regardless of any contrary incorporation language.

† Registrant has omitted portions of the referenced exhibit pursuant to a request for confidential treatment under Rule 406 promulgated under the Securities Act of 1933, as amended.

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