Fitch Ratings Upgrades SiriusPoint's Operating Subsidiaries to 'A' (Strong)
MWN-AI** Summary
On February 25, 2026, Fitch Ratings announced a significant upgrade for SiriusPoint Ltd., raising the Insurer Financial Strength (IFS) rating of its operating subsidiaries to 'A' (Strong) from 'A-'. Additionally, the Long-Term Issuer Default Rating (IDR) was improved from 'BBB' to 'BBB+', and the senior debt rating rose from 'BBB-' to 'BBB'. The Rating Outlook was assigned as Stable. This upgrade is influenced by the company's strong earnings growth in recent years, marked by solid underwriting profitability and a strategic move to mitigate risk through a focused repositioning of its (re)insurance portfolio—eliminating non-core lines to enhance stability and reduce volatility.
Fitch highlighted several key factors that contributed to this upgrade, including robust financial performance, bolstered capitalization, and decreased leverage. The rating agency specifically noted SiriusPoint’s commendable underwriting results over the past three years, favorable reserve development, and improved shareholder equity, complemented by a combined ratio reflecting enhanced risk selection and underlying improvements in underwriting practices.
Scott Egan, CEO of SiriusPoint, expressed pride in the recognition from Fitch, viewing the upgrade as a testament to the company's progress and the strength of its balance sheet. He emphasized the positive performance in 2025, characterizing it as a pivotal moment that positioned SiriusPoint with considerable momentum heading into 2026.
Headquartered in Bermuda, SiriusPoint operates globally, providing a wide range of insurance and reinsurance solutions. With over $3 billion in total capital, the company is also rated 'A' by AM Best and S&P, and 'A3' by Moody’s, further solidifying its standing in the sector.
MWN-AI** Analysis
The recent upgrade by Fitch Ratings of SiriusPoint's operating subsidiaries to an 'A' (Strong) rating presents a promising outlook for both investors and stakeholders in the insurance and reinsurance sectors. This positive change is underpinned by SiriusPoint's robust financial performance, which has been characterized by improved profitability and a strategically reduced risk profile.
SiriusPoint's enhancement of its financial strength rating reflects a commendable shift in its operational strategy, particularly its decision to exit non-core lines, thereby mitigating volatility. This strategic repositioning has not only bolstered capital adequacy but also fortified shareholder equity, elements crucial in attracting long-term investment. The company's combined ratio has shown meaningful improvement, indicative of superior risk selection and underwriting practices.
Given Fitch's recognition of SiriusPoint’s sound financial health and strong operational outcomes, this could be an opportune moment for investors to consider engaging with the stock (SPNT). With a current market capitalization exceeding $3 billion and multiple global licenses in the Property & Casualty and Accident & Health domains, SiriusPoint is well-placed for future growth.
Moreover, Scott Egan, the CEO, emphasizes that the upgrade is a validation of the progress made, projecting a forward momentum that might resonate well with potential investors looking for stability amid economic fluctuations. The stable outlook provided by Fitch suggests a level of forecast reliability, which could enhance investor confidence and possibly attract interest from institutional investors seeking strong performers in their portfolios.
In conclusion, considering the recent accreditation, investors would do well to explore SiriusPoint as an investment prospect, taking into account the company's solid fundamentals, strong management team, and strategic growth initiatives that position it favorably in the competitive insurance landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news 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
FAQ**
How does the recent upgrade in ratings for SiriusPoint Ltd Ord SPNT by Fitch reflect its overall financial health and risk profile compared to previous years?
In what ways has SiriusPoint Ltd Ord SPNT improved its underwriting profitability and reduced overall volatility through strategic repositioning of its (re)insurance portfolio?
Could you elaborate on the key factors driving the strong combined ratio and solid underwriting results observed in SiriusPoint Ltd Ord SPNT over the last three years?
What specific initiatives did SiriusPoint Ltd Ord SPNT implement in 2025 that contributed to its strong performance and subsequent ratings upgrade by Fitch?
**MWN-AI FAQ is based on asking OpenAI questions about SiriusPoint Ltd Ord (NYSE: SPNT).
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