SiriusPoint reports eighth consecutive quarter of underwriting profits and seventh consecutive quarter of positive net income
1. SiriusPoint posted Q3 net income of $5 million, impacted by CMIG transaction. 2. Underlying net income rose 69% to $89 million due to underwriting gains. 3. Combined ratio improved to 88.5%, reflecting enhanced underwriting efficiency. 4. Gross premiums written grew 10% for continuing lines, reflecting strong demand. 5. Hurricane Milton losses estimated between $30-$40 million, potentially impacting results.