SPNT-PB - SiriusPoint Ltd. Stock Analysis | Stock Taper
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SiriusPoint Ltd.

SPNT-PB

SiriusPoint Ltd. NYSE
$25.48 0.00% (+0.00)

Market Cap $2.18 B
52w High $25.76
52w Low $24.75
Dividend Yield 7.97%
Frequency Quarterly
P/E -12.08
Volume 32.45K
Outstanding Shares 85.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $973.7M $321.3M $244M 25.06% $2.06 $299.7M
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 8.45% $0.5 $96.3M
Q4-2024 $625.7M $134.6M $-17.3M -2.76% $-0.11 $10M

What's going well?

Revenue surged 29% and profits jumped even more, with margins expanding from 32% to 62%. The company is generating much more profit from each sale and overall results are much stronger than last quarter.

What's concerning?

Operating expenses grew even faster than sales, which could be a warning sign if it continues. There's also a slight increase in share count, which can dilute returns for shareholders.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $902.4M $121.2M $-2.15B $2.47B
Q3-2025 $5.86B $12.46B $10.25B $2.21B
Q2-2025 $3.61B $12.36B $10.25B $2.11B
Q1-2025 $3.66B $12.28B $10.25B $2.03B
Q4-2024 $3.81B $12.52B $10.59B $1.94B

What's financially strong about this company?

The company has more than triple the equity compared to debt, a growing cash balance, and no short-term debt. Asset quality is high, with almost no intangibles or goodwill, and customers are prepaying for services.

What are the financial risks or weaknesses?

There was a huge drop in total assets and liabilities, which could signal a major business change or restructuring. Some asset and liability categories are reported as zero or negative, which may point to reporting quirks or unusual transactions.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $243.6M $-28.1M $189.2M $0 $184.7M $-28.1M
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

Q4 2025 Earnings Call Summary

Read Call Summary

5-Year Trend Analysis

A comprehensive look at SiriusPoint Ltd.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Key strengths include a clear financial turnaround from losses to solid profitability, sustained revenue growth, and significantly improved margins. The balance sheet shows positive equity, growing retained earnings, and generally modest leverage, which help underpin resilience. Strategically, SiriusPoint benefits from a focused specialty footprint, a disciplined approach to underwriting, and a differentiated partnership ecosystem with MGAs and insurtechs, all supported by ongoing technology and data‑analytics efforts aimed at reducing volatility and improving risk selection.

! Risks

The main risks center on volatility and data clarity. Earnings and cash flows have been lumpy, with some very strong years followed by sharp slowdowns, which is typical in insurance but still important to recognize. Reported balance sheet figures show extreme swings and unusual zero values in key categories, making it harder to form a clean view of liquidity and asset structure from this dataset alone. Industry‑specific risks—such as large catastrophe events, reserve development, regulatory changes, and intense competition for attractive specialty business—remain material. Execution risk around managing a complex web of MGA relationships and integrating acquisitions and new technologies also adds uncertainty.

Outlook

Looking ahead, SiriusPoint appears positioned as a leaner, more focused, and more disciplined specialty insurer and reinsurer than it was a few years ago, with improved profitability and a strategy geared toward lower volatility and innovation. If underwriting standards hold, specialty and MGA partnerships continue to perform, and technology investments translate into better risk selection, the company could sustain a healthier earnings profile than in the past. However, the inherent cyclicality and shock‑prone nature of reinsurance, combined with the observed financial volatility and reporting quirks, suggest that future results may still fluctuate materially, and stakeholders will likely want to monitor underwriting performance, cash generation, and capital strength through full market and catastrophe cycles.