Siriuspoint Ltd

Chart & Performance

D1W1MN

Profile

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Insurance & Services segment offers coverage to various product lines comprising accident and health, environmental, workers' compensation, and other lines of business, including a cross section of property and casualty lines. 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.

URL

https://ir.siriusgroup.com/

IPO date

Aug 15, 2013

Employees

1,109

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	2,737,300 4,047.42%	66,000 -97.03%	2,224,700 151.50%
Cost of revenue	228,200	282,800	207,800
Unusual Expense (Income)
NOPBT	2,509,100	(216,800)	2,016,900
NOPBT Margin	91.66%		90.66%
Operating Taxes	(45,000)	(36,700)	(10,700)
Tax Rate
NOPAT	2,554,100	(180,100)	2,027,600
Net income	354,800 -191.92%	(386,000) -764.37%	58,100 -59.60%
Dividends	(16,000)	(16,000)	(12,200)
Dividend yield	0.81%	1.69%	1.00%
Proceeds from repurchase of equity	16,300	(12,100)	50,300
BB yield	-0.83%	1.28%	-4.12%
Debt
Debt current		18,000
Long-term debt	829,600	808,300	849,200
Deferred revenue	27,900		600
Other long-term liabilities	9,430,200	7,849,300	(912,700)
Net debt	(5,488,400)	(8,775,600)	(5,300,200)
Cash flow
Cash from operating activities	581,300	293,300	1,600
CAPEX		(800)
Cash from investing activities	(332,200)	(1,304,300)	208,600
Cash from financing activities	(61,500)	(23,700)	24,300
FCF	3,243,300	6,366,500	(4,680,879)
Balance
Cash	969,200	4,325,400	2,075,600
Long term investments	5,348,800	5,276,500	4,073,800
Excess cash	6,181,135	9,598,600	6,038,165
Stockholders' equity	837,600	441,300	880,600
Invested Capital	11,965,200	10,286,600	9,642,300
ROIC	22.96%		32.32%
ROCE	19.49%		18.99%
EV
Common stock shares outstanding	169,607	160,229	150,156
Price	11.60 96.61%	5.90 -27.43%	8.13 -14.60%
Market cap	1,967,445 108.12%	945,349 -22.56%	1,220,772 37.95%
EV	(3,304,255)	(7,622,351)	(3,879,828)
EBITDA	2,520,200	(202,900)	2,028,900
EV/EBITDA		37.57
Interest	64,100	38,600	34,000
Interest/NOPBT	2.55%		1.69%