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SiriusPoint results down on investments & Russia losses

May 5, 2022

Global specialty insurer and reinsurer SiriusPoint has reported a decline in results for the first quarter of 2022, mainly due to a large loss on investments, as well as an underwriting hit due to exposures to the war between Russia and Ukraine.

The company reported a net loss of $217.0 million for the quarter, compared to net income of $168.4 million for the same period in the previous year.

The result was largely attributable to a net investment loss of $205.1 million, compared to investment income of $186.5 million last year.

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