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SiriusPoint Ltd. provides multi-line reinsurance and insurance products and services worldwide. It operates in four segments: Global P&C Programs, Global Reinsurance, Global Accident & Health, and London Market Specialty. Global P&C Programs segment offers programs space, by further strengthening its offering to clients and distribution partners globally. , Global Reinsurance segment provides casualty, property, and other specialties, such as proportional and excess of loss, treaty and facultative, aviation and space, marine and energy and, credit to insurance and reinsurance companies, government entities, and other risk bearing vehicles. London Market Specialty segment provides London casualty, energy, property, and marine leaders services. It provides accident and health, property and casualty, aviation and space, credit, surety, marine and energy, and mortgage. It offers medical insurance products, trip cancellation programs, medical management services, and 24/7 emergency medical and travel assistance services. The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021. SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.2B | - | $460M | $102M | 20.2% | 21.7% | 129.9% |
| 2024 | $2.6B | - | $200M | $75M | 11.5% | -3.3% | -43.7% |
| 2023 | $2.7B | - | $355M | $581M | 15.3% | 24.4% | -191.7% |
| 2022 | $2.2B | - | $-387M | $293M | -20.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,171.60 | 2,702.40 | 2,613.80 | 3,179.90 |
| Operating Revenue | - | 2,171.60 | 2,702.40 | 2,613.80 | 3,179.90 |
| Total Expenses | - | 2,594.30 | 2,383.70 | 2,380.70 | 2,638.60 |
| EBIT | - | -384.10 | 382.80 | 302.70 | 621 |
| Interest Expense | - | 38.60 | 64.10 | 69.60 | 79.70 |
| Net Interest Income | - | -38.60 | -64.10 | -69.60 | -79.70 |
| Other Income Expense | - | 82.80 | 97.80 | 184.20 | 339.40 |
| Interest Expense Non Operating | - | 38.60 | 64.10 | 69.60 | 79.70 |
| Net Non Operating Interest Income Expense | - | -38.60 | -64.10 | -69.60 | -79.70 |
| Pretax Income | - | -422.70 | 318.70 | 233.10 | 541.30 |
| Tax Provision | - | -36.70 | -45 | 30.70 | 81.20 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -386 | 363.70 | 202.40 | 460.10 |
| Net Income From Continuing And Discontinued Operation | - | -386.80 | 354.80 | 199.90 | 459.60 |
| Net Income From Continuing Operation Net Minority Interest | - | -386.80 | 354.80 | 199.90 | 459.60 |
| Net Income | - | -386.80 | 354.80 | 199.90 | 459.60 |
| Net Income Common Stockholders | - | -402.80 | 314.50 | 176.20 | 443.30 |
| Net Income Including Noncontrolling Interests | - | -386 | 363.70 | 202.40 | 460.10 |
| Normalized Income | - | -386.80 | 354.80 | 199.90 | 459.60 |
| Diluted NI Availto Com Stockholders | - | -402.80 | 314.50 | 176.20 | 443.30 |
| Basic Average Shares | - | 160.23 | 163.34 | 166.54 | 116.51 |
| Diluted Average Shares | - | 160.23 | 169.61 | 169.47 | 121.65 |
| Reconciled Depreciation | - | 8.10 | 11.10 | 11.90 | 10.90 |
| Preferred Stock Dividends | - | 16 | 16 | 16 | 16 |
| Minority Interests | - | -0.80 | -8.90 | -2.50 | -0.50 |
| Depreciation And Amortization In Income Statement | - | 8.10 | 11.10 | 11.90 | 10.90 |
| Other Operating Expenses | - | 312.80 | 258.20 | 232.10 | 257 |
| Otherunder Preferred Stock Dividend | 3.40 | - | 24.30 | 7.70 | 0.30 |
| Amortization | - | 8.10 | 11.10 | 11.90 | 10.90 |
| Loss Adjustment Expense | - | 1,588.40 | 1,381.30 | 1,368.50 | 1,519.50 |
| Net Policyholder Benefits And Claims | - | 1,588.40 | 1,381.30 | 1,368.50 | 1,519.50 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SiriusPoint Ltd.this co. | SPNT | $2.5B | 5.38↓ discount | 1.09 | 20.2% | - |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.16 | 6.06 | 66.2% | 5.35 |
| WaFd, Inc. | WAFD | $2.6B | 11.63 | 0.96 | 8.3% | - |
| Trustmark Corporation | TRMK | $2.6B | 11.51 | 1.22 | 10.6% | - |
| Customers Bancorp, Inc. | CUBI | $2.5B |
| - |
| - |
| - |
| - |
| 11.31 |
| 1.20 |
| 10.6% |
| - |
| First Bancorp | FBNC | $2.5B | 22.27 | 1.49 | 6.7% | - |
| NBT Bancorp Inc. | NBTB | $2.4B | 14.27 | 1.27 | 8.9% | - |
| The Western Union Company | WU | $2.4B | 4.82 | 2.52 | 52.2% | 4.15 |
| Beacon Financial Corporation | BBT | $2.4B | 26.55 | 0.96 | 3.6% | - |
| Peer Median | - | 11.57 | 1.24 | 9.7% | 4.75 | |