2022 Annual Report

For SiriusPoint, 2022 was a challenging year in which difficult decisions were made for the long-term benefit of the Company. The decision to restructure our underwriting platform to support the future shape of our business was not taken lightly. It was the clear next step in a transformation designed to establish SiriusPoint's future path, increase profitability, lower volatility, and strengthen our portfolio, with the aim of delivering greater value to our customers and shareholders.

As part of our full year results, Scott outlined a clear strategy for the onward advancement of SiriusPoint, accompanied by a detailed plan for execution and delivery. He has taken immediate action to improve SiriusPoint's core functions and operations, and appointed new leaders to enhance and strengthen SiriusPoint's executive leadership team. With full Board support, the SiriusPoint management team has, in the last seven months:

• Re-establishedunderwriting as SiriusPoint's core business, reemphasizing that we are an 'underwriting first' company;
• Realigned the structure of the Company to improve accountability and support underwriting profitability, underscoring a 'One SiriusPoint' approach;
• Aligned SiriusPoint's compensation approach with the Company's financial performance and shareholders' interests;
• Revitalized SiriusPoint's employee culture to drive performance with the roll out of renewed Company values and commitments;
• Committed to removing expense from the business with immediate results and a long-term plan to prudently, not frugally, reduce cost and deploy capital; and
• Continued work to reduce the volatility of our investment and reinsurance portfolios, both of which have progressed significantly since 2021.

The challenges of the past year were met with resilience and continued dedication to the success of our business by SiriusPoint employees. The Board thanks the entire team for their hard work and their enthusiastic commitment to executing on our strategy.

Finally, we thank SiriusPoint's partners and clients for their ongoing belief that SiriusPoint is a partner of choice and for trusting us with their business, and our shareholders for entrusting your capital to us and allowing us to pursue value creation over the long term.

As we move forward, the Board's confidence in Scott and his management team and the renewed enthusiasm and recognition of the value we have within the business make this an exciting time for SiriusPoint. We continue to focus on good governance and oversight of the execution of the Company's strategy. We intend to continue to deliver results over the coming year and into the future to earn, build and retain the trust and confidence of our shareholders. Please be assured that creating and delivering value to you remains our top priority.

Sincerely,

Sharon Ludlow

Interim Chair of the SiriusPoint Board of Directors