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SPNT

SiriusPoint Ltd.

SPNT

SiriusPoint Ltd. • NYSE
$20.80 ▼ -0.62% (-0.13)
Market Cap $2.43 B
52w High $21.33
52w Low $13.26
Dividend Yield 0%
P/E 12.68
Volume 209.38K
Outstanding Shares 116.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $753.5M ▲ $129.9M ▼ $90.8M ▲ 12.05% ▲ $0.74 ▲ $134.7M ▲
Q2-2025 $731.5M ▲ $143.1M ▲ $63.2M ▲ 8.64% ▲ $0.51 ▲ $98.8M ▲
Q1-2025 $729.4M ▲ $122.7M ▼ $61.6M ▲ 8.445% ▲ $0.5 ▲ $96.3M ▲
Q4-2024 $625.7M ▲ $134.6M ▲ $-17.3M ▼ -2.765% ▼ $-0.13 ▼ $10M ▼
Q3-2024 $559.2M $113.1M $8.5M 1.52% $0.027 $27.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.116B ▼ $12.46B ▲ $10.249B ▲ $2.21B ▲
Q2-2025 $3.318B ▼ $12.356B ▲ $10.249B ▼ $2.106B ▲
Q1-2025 $3.351B ▼ $12.28B ▼ $10.254B ▼ $2.025B ▲
Q4-2024 $3.574B ▲ $12.525B ▼ $10.586B ▲ $1.937B ▼
Q3-2024 $3.421B $12.682B $9.986B $2.695B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $90.8M ▲ $155.1M ▲ $-330.8M ▼ $-6.2M ▲ $-205.5M ▼ $155.1M ▲
Q2-2025 $63.2M ▲ $58.2M ▲ $-45.6M ▼ $-14.6M ▲ $-2M ▼ $58.2M ▲
Q1-2025 $62M ▲ $-88.9M ▼ $610.9M ▲ $-491.4M ▼ $30.6M ▼ $-88.9M ▼
Q4-2024 $-17.3M ▼ $107.7M ▲ $203.2M ▲ $-231.5M ▼ $79.4M ▼ $107.7M ▲
Q3-2024 $8.7M $58.1M $202.1M $-169M $91.2M $58.1M

Revenue by Products

Product Q3-2013Q4-2013
Catastrophe Risk Management
Catastrophe Risk Management
 $10.00M ▲$0 ▼
Property and Casualty Reinsurance
Property and Casualty Reinsurance
 $60.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement SiriusPoint’s revenue has been fairly steady over the past few years, but the big story is the turnaround in profitability after a difficult year in the early 2020s. The company moved from a notable loss to solid profits, helped by tighter underwriting and a more disciplined business mix. Recent earnings are positive and reasonably healthy, though not as elevated as the standout year just before, suggesting a more normal, sustainable level rather than a one‑off spike. Overall, the income statement shows a business that has worked through prior issues and is now focused on more stable, less volatile performance, but results can still swing with insurance cycles and large loss events.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid for an insurer. Total assets have grown over time, and shareholders’ equity has rebuilt after earlier pressure, indicating improved capital strength. Debt is present but appears moderate compared with the size of the business, and it has been nudged down recently rather than increased. Cash balances are healthy, though not excessive, which is typical in a capital‑intensive insurance model where funds are invested in securities rather than left idle. Overall, SiriusPoint appears reasonably well capitalized, with no obvious signs of over‑leverage, but as a reinsurer it still carries meaningful risk exposures that sit largely in its liabilities rather than in visible debt.

Cash Flow

Cash Flow Cash generation has been positive in most years but somewhat uneven, which is common in insurance where claims and investment flows can be lumpy. The company produced strong operating cash flow in the recent past, followed by a quieter but still positive year, suggesting that the cash picture has improved but is not yet consistently strong. Free cash flow effectively mirrors operating cash because capital spending is minimal, reflecting a business that is more about people, risk capital, and systems than heavy physical assets. The key watch point is whether SiriusPoint can turn recent profitability into a steadier, more predictable stream of cash over time, especially through more volatile claim periods.

Competitive Edge

Competitive Edge SiriusPoint has carved out a differentiated position by leaning heavily into partnerships with managing general agents (MGAs) and insurtech‑style distributors. Instead of trying to build every specialty capability in‑house, it supplies capital, underwriting expertise, and a global platform to partners that focus on niche markets. This gives it reach and specialization without a huge internal footprint. Its underwriting‑first culture, global presence in major hubs, and emphasis on reducing volatility all support its competitive standing. However, the model also creates dependence on the quality and behavior of its MGA partners, and it faces intense competition from larger, well‑capitalized reinsurers and insurers that are also targeting attractive specialty and delegated business lines.

Innovation and R&D

Innovation and R&D Innovation at SiriusPoint is more about business model and data than about traditional lab‑style R&D. The company’s key innovation is its MGA “center of excellence” approach, where it incubates and supports tech‑enabled partners that bring advanced analytics, digital distribution, and niche expertise. Internally, it is investing in modernizing core systems, moving to cloud platforms, strengthening data and analytics capabilities, and upgrading cybersecurity. Management is also openly exploring the use of artificial intelligence in underwriting and claims, though this is still early. The main opportunity is to turn these technology investments into better risk selection and lower costs; the main risk is execution—integrating multiple partners and systems while maintaining strong risk controls is complex and can take longer, and cost more, than planned.

Summary

SiriusPoint today looks like a re‑shaped reinsurer and specialty insurer that has moved from a period of losses and volatility to a more disciplined and profitable footing. The income statement shows a meaningful recovery, the balance sheet has been rebuilt to a healthier state, and cash flows, while choppy, are generally positive. Strategically, the company is betting on being the preferred partner to tech‑savvy MGAs, using its capital and global licenses to access specialized, higher‑margin segments. Technology modernization and data‑driven underwriting are central to management’s story and could, if executed well, further reduce volatility and improve returns. At the same time, results will remain sensitive to large losses, market cycles, and the performance of its MGA partners, so the key questions going forward are about consistency: can SiriusPoint sustain underwriting discipline, keep strengthening its balance sheet, and turn its innovation agenda into durable, repeatable profitability over the cycle?

NEWS

November 18, 2025 · 4:15 PM UTC

SiriusPoint announces Maria Tarhanidis as Chief Investment Officer

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October 30, 2025 · 4:15 PM UTC

SiriusPoint Announces Dividend on Series B Preference Shares

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October 21, 2025 · 3:20 AM UTC

SiriusPoint Announces Will Nihan as IMG CEO

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October 16, 2025 · 4:15 PM UTC

SiriusPoint Announces Date for Third Quarter 2025 Earnings Release

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October 6, 2025 · 6:00 AM UTC

SiriusPoint Announces Sale of Arcadian MGA for $139m with Long Term Capacity Deal Until 2031

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