HomeInsuranceSiriusPoint financials take a hit in Q2 and H1

SiriusPoint financials take a hit in Q2 and H1

SiriusPoint’s financial report card is looking a little red, with the global insurer and reinsurer suffering losses in the second quarter and first half of 2022.

According to SiriusPoint, its Q2 net loss available to common shareholders amounted to US$61 million; in H1, a whopping US$278 million. In the same periods in 2021, the corresponding sums were US$65 million and US$233 million, respectively, in net income.

The negative results were mainly driven by SiriusPoint’s net investment losses in both periods, standing at US$142 million in the second quarter and US$347 million in the first six months of the year.

Consolidated underwriting…

Read more at www.insurancebusinessmag.com

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