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SiriusPoint Announces Dividend on Series B Preference Shares

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SiriusPoint Ltd. (NYSE: SPNT) has declared a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B. The dividend will be paid on August 31, 2021, to shareholders on record as of August 16, 2021. SiriusPoint is recognized as a top 20 global insurer and reinsurer, operating in nearly 150 countries with over $3 billion in total capital and a financial strength rating of A- from AM Best, S&P, and Fitch.

Positive
  • Quarterly dividend of $0.50 per share enhances investor returns.
  • Strong financial position with over $3 billion in total capital.
  • A- rating from AM Best, S&P, and Fitch indicates financial stability.
Negative
  • Concerns regarding the integration of Third Point Reinsurance and Sirius International Insurance Group, which may affect operational performance.

HAMILTON, Bermuda, Aug. 6, 2021 /PRNewswire/ -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE: SPNT), an international specialty insurer and reinsurer, has announced that the Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of $0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share payable on August 31, 2021 to Series B shareholders of record as of August 16, 2021.

About SiriusPoint

SiriusPoint Ltd. (SiriusPoint) is a top 20 global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices around the world, we are listed on the New York Stock Exchange (SPNT). We write a global portfolio of Accident and Health, Specialty, Property and Runoff, combining data and creative thinking to underwrite risks with skill and discipline. With over $3 billion total capital, SiriusPoint's operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.

SiriusPoint Contacts

Investor Relations
Clare Kerrigan, SiriusPoint 
clare.kerrigan@siriuspt.com 
+44 7970695959

Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk 
+44 7718882011

Forward-Looking Statements

We make statements in this report that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of SiriusPoint. These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; the costs, expense and difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, regulatory and legal uncertainties and other risk factors described in SiriusPoint's Quarterly Reports on Form 10-Q for the periods . Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this report.

Cision View original content:https://www.prnewswire.com/news-releases/siriuspoint-announces-dividend-on-series-b-preference-shares-301350234.html

SOURCE SiriusPoint Ltd.

FAQ

What is the dividend amount and payment date for SiriusPoint (SPNT)?

SiriusPoint (SPNT) announced a dividend of $0.50 per share, payable on August 31, 2021.

When is the record date for SiriusPoint's dividend?

The record date for SiriusPoint's dividend is August 16, 2021.

How often does SiriusPoint (SPNT) pay dividends?

SiriusPoint typically pays dividends quarterly on its preference shares.

What is SiriusPoint's financial strength rating?

SiriusPoint has a financial strength rating of A- from AM Best, S&P, and Fitch.

SiriusPoint Ltd.

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Insurance - Reinsurance
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