SiriusPoint Ltd
Business
SiriusPoint Ltd is a global specialty underwriter of insurance and reinsurance operating through admitted and non-admitted U.S. subsidiaries, a Bermuda Class 4 company, a Lloyd's syndicate, and an internationally licensed Swedish entity. It offers property, casualty, accident & health insurance and reinsurance across primary insurance and assumed reinsurance business lines. The company operates two reportable segments—Insurance & Services and Reinsurance—and distributes primarily through managing general agents (MGAs), reinsurance brokers, and program administrators across North America, Europe, Bermuda, and international markets.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net earned premium | 2,594 | 2,344 | 2,426 | 2,318 | 1,717 | |
| Net investment income | 275 | 304 | 284 | 113 | 25 | |
| Net realized and unrealized investment losses | −3 | −79 | −11 | −226 | −17 | |
| Net investment income and net realized and unrealized investment losses | 272 | 225 | 273 | −323 | 313 | |
| Other revenues | 339 | 184 | 98 | 83 | 151 | |
| Loss on settlement and change in fair value of liability-classified capital instruments | 0 | −149 | −59 | 27 | — | |
| Total revenues | 3,205 | 2,604 | 2,737 | 2,106 | 2,181 | |
| Loss and loss adjustment expenses incurred, net | 1,520 | 1,369 | 1,381 | 1,588 | 1,327 | |
| Acquisition costs, net | 584 | 517 | 473 | 462 | 388 | |
| Other underwriting expenses | 188 | 182 | 196 | 185 | 159 | |
| Net corporate and other expenses | 257 | 232 | 258 | 313 | 267 | |
| Intangible asset amortization | 11 | 12 | 11 | 8 | 6 | |
| Interest expense | 80 | 70 | 64 | 39 | 34 | |
| Foreign exchange (gains) losses | 25 | −10 | 35 | −66 | −44 | |
| Total expenses | 2,664 | 2,371 | 2,419 | 2,528 | 2,136 | |
| Income before income tax (expense) benefit | 541 | 233 | 319 | −423 | 45 | |
| Income tax (expense) benefit | −81 | −31 | 45 | 37 | 11 | |
| Net income | 460 | 202 | 364 | −386 | 56 | |
| Net income attributable to noncontrolling interests | −500,000 | −3 | −9 | −800,000 | 2 | |
| Net income available to SiriusPoint | 460 | 200 | 355 | −387 | 58 | |
| Dividends on Series B preference shares | −16 | −16 | −16 | −16 | −14 | |
| Net income available to SiriusPoint common shareholders, basic | 444 | 184 | 339 | −403 | 45 | |
| Net income available to SiriusPoint common shareholders, diluted | 444 | 184 | 339 | −403 | 45 | |
| Basic earnings per share available to SiriusPoint common shareholders (in dollars per share) | 3.8 | 1.06 | 1.93 | −2.51 | 0.28 | |
| Diluted earnings per share available to SiriusPoint common shareholders (in dollars per share) | 3.64 | 1.04 | 1.85 | −2.51 | 0.27 | |
| Basic (in shares) | 117 | 167 | 163 | 160 | 149 | |
| Diluted (in shares) | 122 | 169 | 170 | 160 | 150 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Debt securities, available for sale, at fair value, net of allowance for credit losses of $0.0 (2024 - $1.1) (cost - $5,118.3; 2024 - $5,143.8) | 5,169 | 5,131 | 4,755 | 2,636 | 0 | |
| Debt securities, trading, at fair value (cost - $114.6; 2024 - $187.3) | 90 | 162 | 535 | 1,526 | 2,086 | |
| Short-term investments, at fair value (cost - $28.4; 2024 - $95.3) | 28 | 96 | 372 | 985 | 1,076 | |
| Other long-term investments, at fair value (cost - $421.9; 2024 - $438.2) (includes related party investments at fair value of $216.1 (2024 - $217.2) | 315 | 317 | 310 | 377 | 456 | |
| Total investments | 5,602 | 5,706 | 6,078 | 5,654 | 4,530 | |
| Cash and cash equivalents | 731 | 682 | 969 | 705 | 1,000 | |
| Restricted cash and cash equivalents | 171 | 213 | 132 | 208 | 949 | |
| Due from brokers | 8 | 11 | 6 | 5 | 16 | |
| Interest and dividends receivable | 47 | 44 | 42 | 27 | 8 | |
| Insurance and reinsurance balances receivable, net | 2,260 | 2,054 | 1,966 | 1,877 | 1,708 | |
| Deferred acquisition costs, net | 384 | 328 | 309 | 295 | 219 | |
| Unearned premiums ceded | 487 | 464 | 449 | 349 | 243 | |
| Loss and loss adjustment expenses recoverable, net | 2,102 | 2,315 | 2,295 | 1,376 | 1,215 | |
| Deferred tax asset | 268 | 297 | 294 | 200 | 182 | |
| Intangible assets | 121 | 141 | 153 | 164 | 172 | |
| Other assets | 272 | 271 | 176 | 158 | 127 | |
| Assets held for sale | 115 | 0 | — | — | — | |
| Total assets | 12,570 | 12,525 | 12,872 | 11,036 | 10,618 | |
| Loss and loss adjustment expense reserves | 5,783 | 5,654 | 5,608 | 5,269 | 4,841 | |
| Unearned premium reserves | 1,855 | 1,639 | 1,627 | 1,521 | 1,198 | |
| Reinsurance balances payable | 1,448 | 1,782 | 1,737 | 814 | 688 | |
| Deferred gain on retroactive reinsurance | 0 | 9 | 28 | 0 | — | |
| Debt | 689 | 639 | 786 | 778 | 817 | |
| Due to brokers | 6 | 18 | 6 | 0 | 7 | |
| Deferred tax liability | 73 | 76 | 69 | 60 | 95 | |
| Share repurchase liability | 0 | 483 | 0 | — | — | |
| Other liabilities | 246 | 287 | — | — | — | |
| Total liabilities | 10,099 | 10,586 | 10,341 | 8,954 | 8,115 | |
| Commitments and contingent liabilities (refer to Note 21) | — | — | — | — | — | |
| Common shares (issued and outstanding: 116,989,799; 2024 - 116,429,057) | 12 | 12 | 17 | 16 | 16 | |
| Additional paid-in capital | 968 | 945 | 1,693 | 1,641 | 1,623 | |
| Retained earnings | 1,229 | 785 | 601 | 262 | 665 | |
| Accumulated other comprehensive income (loss), net of tax | 62 | −4 | 3 | −45 | −200,000 | |
| Shareholders equity attributable to SiriusPoint shareholders | 2,470 | 1,937 | 2,514 | 2,075 | 2,504 | |
| Noncontrolling interests | 1 | 1 | 17 | 8 | −400,000 | |
| Total shareholders equity | 2,471 | 1,939 | 2,531 | 2,083 | 2,503 | |
| Total liabilities, noncontrolling interests and shareholders equity | 12,570 | 12,525 | 12,872 | 11,036 | 10,618 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share compensation | 36 | 21 | 21 | 31 | 11 | |
| Net realized and unrealized loss on investments and derivatives | 3 | 79 | 7 | 208 | 3 | |
| Change in fair value of liability-classified capital instruments | 0 | 32 | 59 | −27 | — | |
| Gain from sale of consolidated subsidiary | −222 | 0 | 0 | — | — | |
| Amortization of premium and accretion of discount, net | −35 | −61 | −67 | −17 | 10 | |
| Other items, net | 50 | −42 | 24 | −28 | −17 | |
| Insurance and reinsurance balances receivable, net | −207 | −88 | −84 | −165 | −48 | |
| Deferred acquisition costs, net | −57 | −19 | −14 | −76 | −2 | |
| Unearned premiums ceded | −24 | −15 | −100 | −106 | −33 | |
| Loss and loss adjustment expenses recoverable, net | 213 | −20 | −919 | −161 | −390 | |
| Deferred tax asset/liability | 22 | 11 | −84 | −54 | −45 | |
| Other assets | −25 | −110 | −29 | −37 | 35 | |
| Interest and dividends receivable | −3 | −2 | −16 | −18 | 600,000 | |
| Loss and loss adjustment expense reserves | 129 | 46 | 339 | 427 | 615 | |
| Unearned premium reserves | 216 | 12 | 106 | 323 | 14 | |
| Deferred gain on retroactive reinsurance | −9 | −19 | 28 | 0 | 0 | |
| Reinsurance balances payable | −334 | 45 | 924 | 125 | 223 | |
| Other liabilities | −7 | −9 | 12 | — | — | |
| Held for sale asset | −115 | 0 | 0 | — | — | |
| Net cash provided by operating activities | 102 | 75 | 581 | 293 | 2 | |
| Purchases of debt securities, available-for-sale | −2,254 | −2,271 | −3,579 | −2,811 | — | |
| Purchases of short-term investments | −123 | −433 | −1,377 | −2,803 | — | |
| Purchases of other investments | −23 | −29 | −6 | −71 | — | |
| Proceeds from sales and maturities of debt securities, available-for-sale | 2,356 | 1,921 | 1,517 | 243 | — | |
| Proceeds from sales and maturities of debt securities, trading and short-term investments | 240 | 1,084 | 3,026 | 4,121 | — | |
| Proceeds from sales and maturities of other investments | 13 | 64 | 82 | 864 | — | |
| Change in due to/from brokers, net | −9 | 6 | 6 | 5 | 78 | |
| Proceeds from sale of consolidated subsidiary, net of cash sold | 225 | 0 | 0 | — | — | |
| Net cash provided by investing activities | 424 | 344 | −332 | −1,304 | 209 | |
| Taxes paid on withholding shares | −6 | −10 | −12 | −7 | −500,000 | |
| Repayment of loans under an agreement to repurchase | 0 | 0 | −18 | 18 | 0 | |
| Cash dividends paid to preference shareholders | −16 | −16 | −16 | −16 | −12 | |
| Payment of redemption of debt | 0 | −518 | 0 | 0 | — | |
| Proceeds from issuance of debt, net of costs | 0 | 394 | 0 | 0 | — | |
| Settlement of liability-classified capital instruments | 0 | −99 | −39 | 0 | 0 | |
| Net proceeds from exercise of options | 900,000 | 18 | 28 | 0 | 0 | |
| Net payments on deposit liability contracts | −6 | −94 | −6 | −14 | −14 | |
| Purchases of SiriusPoint common shares under share repurchase program | −491 | −300 | 0 | −5 | 0 | |
| Change in total noncontrolling interests, net | −800,000 | −300,000 | 800,000 | — | — | |
| Net cash used in financing activities | −519 | −625 | −62 | −24 | 24 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 8 | −207 | 188 | −1,035 | 235 | |
| Interest paid in cash | 78 | 66 | 46 | 39 | 39 | |
| Income taxes paid in cash | 82 | 51 | 50 | −2 | 15 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SiriusPoint Ltd's CIK number?
SiriusPoint Ltd's SEC CIK number is 0001576018 (1576018). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SiriusPoint Ltd's SEC filings?
All of SiriusPoint Ltd's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SiriusPoint Ltd last report earnings?
SiriusPoint Ltd (SPNT) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001576018-26-000064). This is SiriusPoint Ltd's most recent earnings filing of record — not a forecast of its next earnings date.
What is SiriusPoint Ltd's most recent earnings 8-K?
SiriusPoint Ltd's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001576018-26-000064. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SiriusPoint Ltd's latest earnings 8-K →
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