SiriusPoint’s Q3 CoR improves nearly 20 points to 88% driven by smaller cat exposure
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SiriusPoint’s Q3 CoR improves nearly 20 points to 88% driven by smaller cat exposure

Kyoung-son Song
08 November 2023
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SiriusPoint’s combined ratio declined 19.7 points to 88% from the prior-year quarter, as Q3 cat losses were slashed by 89% to $12mn and favourable net reserves grew by fivefold.

Total cat losses during the quarter contributed two points to the combined ratio, compared to $114.6mn, or 18.7 points, in Q3 2022, driven by Hurricane Ian.

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Kyoung-son Song
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