Andrew Andersen

Anthony Mottolese

Michael Phillips

Randy Binner

- **SiriusPoint** has agreed to **sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group Inc. for $250 million**.  **[1576018_773c2586e968447798db6fa64c04b8ba_0]** 
- Upon completion of the sale, SiriusPoint expects to recognize a **pre-tax gain of $220-230 million** and projects an approximate **10% increase in pro-forma tangible book value**.  **[1576018_773c2586e968447798db6fa64c04b8ba_0]** 
- SiriusPoint will continue its **capacity partnership with ArmadaCare until the end of 2030**.  **[1576018_773c2586e968447798db6fa64c04b8ba_0]** 
- The transaction is anticipated to **close in the fourth quarter** of 2025, subject to customary closing conditions and regulatory approvals.  **[1576018_773c2586e968447798db6fa64c04b8ba_0]**

SiriusPoint (SPNT)