NYSE : SPNT
SiriusPoint Ltd. — Financial statements
Financials · Insurance - Reinsurance · Bermuda
Last price 25.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.01B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 2.59B | 2.59B | 2.34B | 2.43B | 2.32B | 1.72B |
| Total Interest & Dividend Income | 267.30M | 274.80M | 303.60M | 283.70M | 113.30M | 25.40M |
| Gain (Loss) on Sale of Investments | 16.00M | -2.90M | -79.00M | -11.00M | -436.00M | 287.10M |
| Other Revenue | 123.10M | 117.00M | 88.30M | 96.30M | 82.80M | 100.80M |
| Total Revenue | 3.00B | 2.98B | 2.66B | 2.80B | 2.08B | 2.13B |
| Policy Benefits | 1.47B | 1.52B | 1.37B | 1.38B | 1.59B | 1.33B |
| Policy Acquisition & Underwriting Costs | 818.40M | 771.50M | 698.60M | 669.00M | 646.40M | 546.60M |
| Amortization of Goodwill & Intangibles | 10.20M | 10.90M | 11.90M | 11.10M | 8.10M | 5.90M |
| Selling, General & Administrative | 270.40M | 257.00M | 232.10M | 258.20M | 312.80M | 266.60M |
| Total Operating Expenses | 2.57B | 2.56B | 2.31B | 2.32B | 2.56B | 2.15B |
| Operating Income | 435.50M | 423.80M | 345.30M | 475.60M | -477.50M | -15.30M |
| Interest Expense | -76.00M | -79.70M | -69.60M | -64.10M | -38.60M | -34.00M |
| Currency Exchange Gain (Loss) | -10.20M | -25.20M | 10.00M | -34.90M | 66.00M | 44.00M |
| EBT Excluding Unusual Items | 349.30M | 318.90M | 285.70M | 376.60M | -450.10M | -5.30M |
| Gain (Loss) on Sale of Assets | 247.60M | 222.40M | 95.90M | 1.50M | ||
| Other Unusual Items | -148.50M | -59.40M | 27.40M | 50.40M | ||
| Pretax Income | 596.90M | 541.30M | 233.10M | 318.70M | -422.70M | 45.10M |
| Income Tax Expense | 91.30M | 81.20M | 30.70M | -45.00M | -36.70M | -10.70M |
| Earnings From Continuing Ops. | 505.60M | 460.10M | 202.40M | 363.70M | -386.00M | 55.80M |
| Minority Interest in Earnings | -500.00K | -2.50M | -8.90M | -800.00K | 2.30M | |
| Net Income | 505.60M | 459.60M | 199.90M | 354.80M | -386.80M | 58.10M |
| Preferred Dividends & Other Adjustments | 10.90M | 16.30M | 23.70M | 40.30M | 16.00M | 16.90M |
| Net Income to Common | 494.70M | 443.30M | 176.20M | 314.50M | -402.80M | 41.20M |
| Shares Outstanding (Basic) | 116.75M | 116.51M | 166.54M | 163.34M | 160.23M | 148.67M |
| Shares Outstanding (Diluted) | 122.47M | 121.65M | 169.47M | 169.61M | 160.23M | 150.16M |
| EPS (Basic) | 4.24 | 3.80 | 1.06 | 1.93 | -2.51 | 0.28 |
| EPS (Diluted) | 4.04 | 3.64 | 1.04 | 1.85 | -2.51 | 0.27 |
| Operating Margin | 14.51% | 14.21% | 13.00% | 17.02% | -22.98% | -0.72% |
| Profit Margin | 16.49% | 14.86% | 6.63% | 11.25% | -19.38% | 1.93% |
| EBITDA | 445.70M | 434.70M | 357.20M | 486.70M | -469.40M | -9.40M |
| EBITDA Margin | 14.85% | 14.57% | 13.45% | 17.41% | -22.59% | -0.44% |
| D&A For EBITDA | 10.20M | 10.90M | 11.90M | 11.10M | 8.10M | 5.90M |
| EBIT | 435.50M | 423.80M | 345.30M | 475.60M | -477.50M | -15.30M |
| EBIT Margin | 14.51% | 14.21% | 13.00% | 17.02% | -22.98% | -0.72% |
| Effective Tax Rate | 15.30% | 15.00% | 13.17% | |||
| Revenue as Reported | 3.25B | 3.21B | 2.60B | 2.74B | 2.11B | 2.18B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 5.16B | 5.17B | 5.13B | 4.76B | 2.64B | |
| Investments in Equity & Preferred Securities | 110.80M | 99.40M | 92.70M | 176.20M | 189.70M | 251.30M |
| Other Investments | 182.50M | 244.00M | 319.60M | 611.10M | 1.30B | 2.19B |
| Total Investments | 5.51B | 5.60B | 5.71B | 6.08B | 5.65B | 4.53B |
| Cash & Equivalents | 614.80M | 731.20M | 682.00M | 969.20M | 705.30M | 999.80M |
| Reinsurance Recoverable | 2.62B | 2.59B | 2.78B | 2.74B | 1.73B | 1.46B |
| Other Receivables | 2.68B | 2.31B | 2.11B | 2.09B | 1.98B | 2.00B |
| Deferred Policy Acquisition Cost | 408.70M | 384.10M | 327.50M | 308.90M | 294.90M | 218.80M |
| Property, Plant & Equipment | 22.30M | 20.70M | 22.80M | 25.60M | 25.90M | 27.40M |
| Other Intangible Assets | 137.40M | 121.20M | 140.80M | 152.70M | 163.80M | 171.90M |
| Restricted Cash | 131.10M | 171.20M | 212.60M | 132.10M | 208.40M | 948.60M |
| Other Current Assets | 22.40M | 129.60M | 900.00K | 12.30M | 9.00M | 300.00K |
| Long-Term Deferred Tax Assets | 267.40M | 267.70M | 297.00M | 293.60M | 200.30M | 182.00M |
| Long-Term Deferred Charges | 1.40M | |||||
| Other Long-Term Assets | 208.40M | 237.00M | 247.00M | 57.80M | 70.60M | 83.20M |
| Total Assets | 12.65B | 12.57B | 12.52B | 12.87B | 11.04B | 10.62B |
| Accounts Payable | 247.00M | 229.90M | 193.50M | |||
| Accrued Expenses | 23.30M | 5.50M | 18.00M | 6.20M | 6.50M | |
| Unpaid Claims | 5.75B | 5.78B | 5.65B | 5.61B | 5.27B | 4.84B |
| Unearned Premiums | 2.12B | 1.86B | 1.64B | 1.63B | 1.52B | 1.20B |
| Reinsurance Payable | 1.46B | 1.45B | 1.78B | 1.74B | 813.60M | 688.20M |
| Current Portion of Long-Term Debt | 1.70M | |||||
| Current Portion of Leases | 3.50M | 6.10M | ||||
| Short-Term Debt | 18.00M | |||||
| Long-Term Debt | 675.50M | 688.60M | 639.10M | 786.20M | 778.00M | 816.70M |
| Long-Term Leases | 21.90M | 18.50M | 24.50M | 28.40M | 30.30M | 32.50M |
| Long-Term Deferred Tax Liabilities | 73.10M | 73.00M | 76.20M | 68.70M | 59.80M | 95.40M |
| Other Current Liabilities | 29.10M | 9.00M | 14.30M | 1.00M | 33.40M | 3.90M |
| Other Long-Term Liabilities | 217.30M | 212.50M | 730.80M | 201.70M | 200.90M | 238.50M |
| Total Liabilities | 10.38B | 10.10B | 10.59B | 10.34B | 8.95B | 8.12B |
| Total Preferred Equity | 200.00M | 200.00M | 200.00M | 200.00M | 200.00M | |
| Common Stock | 11.60M | 11.70M | 11.60M | 16.80M | 16.20M | 16.20M |
| Additional Paid-In Capital | 888.90M | 967.70M | 945.00M | 1.69B | 1.64B | 1.62B |
| Retained Earnings | 1.40B | 1.23B | 784.90M | 601.00M | 262.20M | 665.00M |
| Comprehensive Income & Other | -21.30M | 61.90M | -4.10M | 3.10M | -45.00M | -200.00K |
| Total Common Equity | 2.28B | 2.27B | 1.74B | 2.31B | 1.87B | 2.30B |
| Minority Interest | 800.00K | 1.10M | 1.40M | 16.70M | 7.90M | -400.00K |
| Shareholders' Equity | 2.28B | 2.47B | 1.94B | 2.53B | 2.08B | 2.50B |
| Total Liabilities & Equity | 12.65B | 12.57B | 12.52B | 12.87B | 11.04B | 10.62B |
| Filing Date Shares Outstanding | 116.17M | 116.99M | 162.23M | 169.80M | 160.67M | 159.77M |
| Total Common Shares Outstanding | 116.07M | 116.99M | 116.43M | 168.12M | 160.47M | 159.34M |
| Total Debt | 700.90M | 713.20M | 663.60M | 816.30M | 826.30M | 849.20M |
| Net Cash (Debt) | -86.10M | 18.00M | 18.40M | 152.90M | -121.00M | 150.60M |
| Net Cash Per Share | -0.70 | 0.15 | 0.11 | 0.90 | -0.76 | 1.00 |
| Book Value Per Share | 19.61 | 19.40 | 14.92 | 13.76 | 11.68 | 14.46 |
| Tangible Book Value | 2.12B | 2.15B | 1.60B | 2.16B | 1.71B | 2.13B |
| Tangible Book Value Per Share | 18.26 | 18.37 | 13.71 | 12.86 | 10.66 | 13.38 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 505.60M | 459.60M | 199.90M | 354.80M | -386.80M | 58.10M |
| Depreciation & Amortization | 10.20M | 10.90M | 11.90M | 11.10M | 8.10M | 5.90M |
| Gain (Loss) on Sale of Assets | -222.40M | -222.40M | -5.80M | |||
| Gain (Loss) on Sale of Investments | -44.50M | -31.70M | 17.80M | -60.20M | 400.90M | -291.50M |
| Stock-Based Compensation | 40.10M | 35.90M | 20.70M | 21.40M | 30.50M | 11.40M |
| Change in Accounts Receivable | -316.50M | -206.70M | -87.90M | -84.30M | -164.70M | -48.30M |
| Change in Accounts Payable | 36.80M | -25.50M | ||||
| Change in Unearned Revenue | 265.70M | 207.70M | -7.50M | 134.10M | 322.70M | 13.60M |
| Change in Deferred Taxes | 23.70M | 22.20M | 11.20M | -84.40M | -53.90M | -44.80M |
| Change in Insurance Reserves / Liabilities | -67.10M | 128.60M | 45.80M | 339.40M | 427.30M | 614.80M |
| Change in Other Net Operating Assets | 185.40M | 38.90M | -155.50M | -1.05B | -322.20M | -388.10M |
| Other Operating Activities | -6.50M | 50.00M | -8.00M | 92.00M | -54.60M | -118.90M |
| Operating Cash Flow | 265.90M | 102.40M | 74.70M | 581.30M | 293.30M | 1.60M |
| Cash Acquisitions | -29.40M | 631.90M | ||||
| Investment in Securities | -329.40M | 208.10M | 337.40M | -337.70M | -1.31B | -521.70M |
| Other Investing Activities | -10.10M | -8.80M | 6.20M | 5.50M | 4.50M | 77.90M |
| Investing Cash Flow | -144.00M | 424.20M | 343.60M | -332.20M | -1.30B | 208.60M |
| Short-Term Debt Issued | 17.60M | |||||
| Long-Term Debt Issued | 393.90M | |||||
| Total Debt Issued | 393.90M | 17.60M | ||||
| Total Debt Repaid | -517.90M | -18.00M | ||||
| Net Debt Issued (Repaid) | -124.00M | -18.00M | 17.60M | |||
| Issuance of Common Stock | 300.00K | 900.00K | 18.40M | 27.80M | 50.80M | |
| Repurchases of Common Stock | -97.70M | -497.10M | -309.50M | -11.50M | -12.10M | -500.00K |
| Preferred Dividends Paid | -10.60M | -16.00M | -16.00M | -16.00M | -16.00M | -12.20M |
| Total Dividends Paid | -10.60M | -16.00M | -16.00M | -16.00M | -16.00M | -12.20M |
| Other Financing Activities | 8.80M | -6.60M | -193.90M | -43.80M | -13.20M | -13.80M |
| Financing Cash Flow | -299.20M | -518.80M | -625.00M | -61.50M | -23.70M | 24.30M |
| Net Cash Flow | -177.30M | 7.80M | -206.70M | 187.60M | -1.03B | 234.50M |
| Levered Free Cash Flow | 204.19M | -3.87B | 617.91M | 2.19B | 1.78B | -478.51M |
| Unlevered Free Cash Flow | 251.69M | -3.82B | 661.41M | 2.23B | 1.81B | -457.26M |
| Cash Interest Paid | 78.00M | 78.00M | 66.40M | 46.10M | 39.20M | 39.30M |
| Cash Income Tax Paid | 81.70M | 81.70M | 50.60M | 49.60M | -2.20M | 14.70M |
| Change in Working Capital | -16.60M | -199.90M | -167.60M | 162.20M | 295.20M | 342.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.02B | 2.56B | 2.65B | 1.94B | 945.64M | 1.29B |
| Enterprise Value | 3.11B | 2.89B | 2.90B | 2.25B | 1.31B | 1.64B |
| PE Ratio | 6.44 | 5.77 | 15.06 | 6.18 | 31.42 | |
| PS Ratio | 1.01 | 0.86 | 1.00 | 0.69 | 0.46 | 0.61 |
| PB Ratio | 1.33 | 1.03 | 1.37 | 0.77 | 0.45 | 0.52 |
| P/OCF Ratio | 11.36 | 24.97 | 35.53 | 3.34 | 3.22 | 809.18 |
| EV/Sales Ratio | 1.04 | 0.97 | 1.09 | 0.81 | 0.63 | 0.77 |
| EV/EBITDA Ratio | 6.97 | 6.64 | 8.12 | 4.63 | ||
| EV/EBIT Ratio | 7.14 | 6.81 | 8.40 | 4.74 | ||
| Debt / Equity Ratio | 0.31 | 0.29 | 0.34 | 0.32 | 0.40 | 0.34 |
| Debt / EBITDA Ratio | 1.54 | 1.60 | 1.81 | 1.64 | 772.00 | |
| Net Debt / Equity Ratio | 0.04 | -0.01 | -0.01 | -0.06 | 0.06 | -0.06 |
| Net Debt / EBITDA Ratio | 0.19 | -0.04 | -0.05 | -0.31 | -0.26 | 16.02 |
| Quick Ratio | 0.35 | 0.63 | 0.33 | 0.43 | 0.66 | 0.89 |
| Current Ratio | 0.66 | 1.22 | 0.66 | 0.74 | 0.91 | 1.24 |
| Asset Turnover | 0.24 | 0.24 | 0.21 | 0.23 | 0.19 | 0.30 |
| Return on Equity (ROE) | 23.07% | 20.87% | 9.06% | 15.77% | -16.83% | 2.74% |
| Return on Assets (ROA) | 2.18% | 2.11% | 1.70% | 2.49% | -2.76% | -0.14% |
| Return on Invested Capital (ROIC) | 12.33% | 12.45% | 10.08% | 15.20% | -15.25% | -0.61% |
| Earnings Yield | 15.54% | 17.97% | 7.53% | 18.25% | -40.90% | 4.49% |
| Payout Ratio | 3.48% | 8.00% | 4.51% | 21.00% | ||
| Buyback Yield / Dilution | 13.31% | 28.22% | 0.08% | -5.85% | -6.71% | -61.53% |