Fitch Ratings upgraded SiriusPoint Ltd.'s ratings, reflecting improved earnings and reduced risk following strategic portfolio changes.
Quiver AI Summary
Fitch Ratings has upgraded SiriusPoint Ltd.'s ratings, raising the Insurer Financial Strength rating of its operating subsidiaries to 'A' from 'A-', the Long-Term Issuer Default Rating to 'BBB+' from 'BBB', and the senior debt rating to 'BBB' from 'BBB-', with a Stable Rating Outlook. This upgrade reflects SiriusPoint's strong financial performance, improved earnings, and a strategic repositioning of its insurance portfolio, which has reduced its risk profile. Key factors for the upgrade include solid underwriting profitability, favorable reserve development, and improved shareholders' equity. Scott Egan, CEO of SiriusPoint, expressed that this recognition underscores their progress and financial strength, following a successful 2025. SiriusPoint operates as a global underwriter of insurance and reinsurance, headquartered in Bermuda with various international offices and a strong capital base.
Potential Positives
- Fitch Ratings upgraded SiriusPoint's Insurer Financial Strength rating to 'A' (Strong), enhancing the company's credibility in the market.
- The upgrade reflects strong and improved earnings driven by solid underwriting profitability, indicating a successful business strategy.
- SiriusPoint's strengthened capitalization and reduced leverage enhance its financial stability and attractive investment profile.
- The positive endorsement from Fitch, following a strong 2025 performance, positions SiriusPoint for continued momentum and growth in 2026.
Potential Negatives
- None
FAQ
What recent rating changes did SiriusPoint receive from Fitch?
Fitch upgraded SiriusPoint's ratings, including its IFS rating to 'A' from 'A-', and its IDR to 'BBB+' from 'BBB'.
What factors contributed to SiriusPoint's rating upgrade?
The upgrade was driven by improved earnings, solid underwriting profitability, a reduced risk profile, and strengthened capitalization.
Who is the CEO of SiriusPoint and what was his comment on the upgrade?
Scott Egan is the CEO, and he stated that the upgrade is a positive endorsement of their progress and balance sheet strength.
Where is SiriusPoint headquartered?
SiriusPoint is headquartered in Bermuda but has offices in New York, London, Stockholm, and other locations.
What types of insurance does SiriusPoint provide?
SiriusPoint provides solutions in Property & Casualty and Accident & Health insurance and reinsurance globally.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SPNT Hedge Fund Activity
We have seen 113 institutional investors add shares of $SPNT stock to their portfolio, and 126 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DONALD SMITH & CO., INC. added 1,026,284 shares (+13.9%) to their portfolio in Q4 2025, for an estimated $22,465,356
- CAPITAL RESEARCH GLOBAL INVESTORS added 747,968 shares (+11.2%) to their portfolio in Q4 2025, for an estimated $16,373,019
- AMERICAN CENTURY COMPANIES INC removed 724,945 shares (-12.6%) from their portfolio in Q4 2025, for an estimated $15,869,046
- BLACKROCK, INC. removed 713,188 shares (-6.3%) from their portfolio in Q4 2025, for an estimated $15,611,685
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 572,113 shares (-74.5%) from their portfolio in Q4 2025, for an estimated $12,523,553
- BANK OF AMERICA CORP /DE/ added 538,342 shares (+122.7%) to their portfolio in Q4 2025, for an estimated $11,784,306
- MILLENNIUM MANAGEMENT LLC removed 471,288 shares (-80.7%) from their portfolio in Q4 2025, for an estimated $10,316,494
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HAMILTON, Bermuda, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Fitch Ratings (“Fitch”) has today announced that it has upgraded the ratings of SiriusPoint Ltd. (“SiriusPoint” or “the Company”), including the Insurer Financial Strength (IFS) rating of its operating subsidiaries to 'A' (Strong) from 'A-', its Long-Term Issuer Default Rating (IDR) to 'BBB+' from 'BBB', and its senior debt rating to 'BBB' from 'BBB-'. The Rating Outlook is Stable.
Fitch said: “The upgrade of SiriusPoint’s ratings reflects strong and improved earnings in recent years driven by favorable operating results from solid underwriting profitability, with a reduced risk profile following a strategic repositioning of the (re)insurance portfolio and exiting non-core lines to lessen overall volatility.”
Key ratings drivers include SiriusPoint’s strong financial performance, strengthened capitalization and reduced leverage. Fitch also highlighted SiriusPoint’s solid underwriting results over the last three years, favorable reserve development, improved shareholders’ equity, and a combined ratio which reflects “underlying underwriting improvement with improved risk selection.”
Scott Egan, Chief Executive Officer at SiriusPoint, said: “This recognition from Fitch means a great deal to us. The upgrade is a positive endorsement of the progress we’ve made and the strength of our balance sheet. It also follows a strong full-year 2025 performance, which marked another important step forward for SiriusPoint. We have entered 2026 with real momentum.”
Click here for full details in the Fitch press release.
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A (Strong) from Fitch, A- from AM Best and S&P, and A3 from Moody’s. For more information, please visit
https://www.siriuspt.com/
Forward-Looking Statements
We make statements in this press release, and any related oral statements, that are forward-looking statements within the meaning of the U.S. federal securities laws, which we intend to be covered by the safe harbor provisions for such forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those made in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors described in SiriusPoint’s most recent Annual Report on Form 10-K and any other subsequent periodic reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date made and SiriusPoint undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise
Contacts
Investor Relations
Liam Blackledge, SiriusPoint
[email protected]
+44 203 772 3082
Media
Sarah Hills, Rein4ce
[email protected]
+44 7718 882011
