Sirius International Insurance Group, Ltd. (SG) Reports Q3 Loss of $0.06

Sirius International Insurance Group, Ltd. (NASDAQ: SG) reported Q3 EPS of ($0.06), versus ($0.23) reported last year. Revenue for the quarter came in at $487.4 million, versus $351.7 thousand reported last year.

"Our 2019 results continued to benefit from strong investment performance, but our underwriting results came up short, primarily due to catastrophe losses, in the third quarter," said Kip Oberting, President and Chief Executive Officer of Sirius Group. "Operationally, we are making progress. During the quarter we globalized our underwriting leadership creating a more unified organization. This organizational change helps us to more holistically and efficiently serve our clients across business lines and geographies, and drive underwriting portfolio enhancements. These changes also allow us to drive in operating improvements to facilitate future growth. Finally, in addition to growing in our reinsurance business organically, we continue to invest in the build out of our new specialty insurance lines."

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

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