SiriusPoint Ltd. (NYSE:SPNT) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET

Company Participants

Sarah Singh - Vice President Strategy and Investor Relations
Scott Egan - Chief Executive Officer
Jim McKinney - Chief Financial Officer

Conference Call Participants

Operator

Good morning, ladies and gentlemen, and welcome to SiriusPoint Second Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. As a reminder, this conference call is being recorded and a replay is available through 11.59 p.m. Eastern time on August 16th, 2024.

With that, I would like to turn the call over to Sarah Singh, Vice President Strategy and Investor Relations. Please go ahead.

Sarah Singh

Thank you, operator, and good morning, good afternoon to everyone listening. I welcome you to the SiriusPoint earnings call for the 2024 half-year and second quarter results. Last night, we issued our earnings press release and financial supplement, which are available on our website, www.siriuspt.com.

Additionally, a webcast presentation will coincide with today's discussion and is available on our website. With me here today are Scott Egan, our Chief Executive Officer, and Jim McKinney, our Chief Financial Officer.

Before we start, I would like to remind you that today's remarks contain forward-looking statements based on management's current expectations. Actual results may differ. Certain non-GAAP financial measures will also be discussed.

Management uses the non-GAAP financial measures in its internal analysis of results and believes that they may be informative to investors, engaging the quality of our financial performance and identifying trends in our results.

However, these measures should not be considered as a substitute for or superior to the measures of financial performance prepared in accordance with GAAP. Please refer to page two of our investor presentation for additional details and the company's latest public filings.

At this time, I will turn the call over to Scott.

Scott Egan

Thanks, Sarah, and good morning, good afternoon, everyone. Thanks for joining our second quarter and half-year 2024 results call. I'm really pleased to report another strong set of results in the second quarter.

We continue to build a track record of improving and consistent earnings. We believe that our strong focus on underwriting performance and relentless execution is showing through. This is now our seventh consecutive quarter of underwriting profit. We are building important proof points of the progress that we're making.

Starting with premium, we've seen excellent premium growth in our continuing lines whilst retaining our underwriting discipline. Our quarter two discrete core premium growth, excluding the lines exited in 2023, was up 22%, while half-year growth is up 6% year-on-year.