Sirius International Insurance Group, Ltd. (NASDAQ: SG) reported Q1 EPS of $0.74, $0.29 better than the analyst estimate of $0.45. Revenue for the quarter came in at $439.7 million, versus $327.5 million reported last year.

"The first quarter was a strong one from a bottom line perspective, offering up a great start to the year," said Kip Oberting, President and Chief Executive Officer of Sirius Group. "Our property segment benefited from low catastrophe loss activity and our accident and health operations continue to provide a meaningful return on our capital. Our growth in book value was also driven by gains in our investment portfolio, mainly a result of favorable investment markets. We also benefited from gains in the value of investment assets in our strategic investment portfolio."

• Net income attributable to common shareholders for the first quarter of 2019 was $95 million, a return on beginning shareholders' equity of 5.6% for the quarter. Basic earnings per common share was $0.75 and diluted earnings per common share was $0.74. This compares to net income attributable to common shareholders of $41 million and basic and diluted earnings per common share of $0.32 for the first quarter of 2018. The first quarter of 2019 results reflect the $8 million charge related to the increase in redemption value of the Series B preference shares incurred.
• For the first quarter of 2019, Operating income attributable to common shareholders was $13 million compared to $31 million for the first quarter of 2018.

Chief Financial Officer, Ralph Salamone further commented, "After taking increases in the fourth quarter of 2018, our Typhoon Jebi reserves have held up well in the first quarter of 2019 and we are seeing rate increases on loss impacted accounts in Japan. We did see loss increases on recent U.S. Hurricanes, namely Irma and Michael, where assignments of benefits seem to be taking their toll. Still, our Global Property segment performed well with $33 million of underwriting income and a 76% combined ratio in the quarter."

For earnings history and earnings-related data on Sirius International Insurance Group, Ltd. (SG) click here.