SiriusPoint Ltd. (SPNT) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE WORLD TRADE CENTER
NEW YORK, NY 10007
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,988,6002,477,8003,215,9004,336,0004,335,1004,437,900
Cash and cash equivalents676,200763,600705,300647,300746,600826,100
Short-term investments1,312,4001,714,2002,510,6003,688,7003,588,5003,611,800
Total current assets:1,988,6002,477,8003,215,9004,336,0004,335,1004,437,900
Noncurrent Assets
Operating lease, right-of-use asset22,50024,10025,90019,80022,00024,500
Long-term investments and receivables355,400361,900377,200414,900436,400438,200
Long-term investments355,400361,900377,200414,900436,400438,200
Intangible assets, net (including goodwill)158,500161,900163,800165,900168,000170,000
Intangible assets, net (excluding goodwill)158,500161,900163,800165,900168,000170,000
Deferred income tax assets164,300175,700200,300197,600180,100180,600
Total noncurrent assets:700,700723,600767,200798,200806,500813,300
Other undisclosed assets9,933,5008,605,8007,053,2005,863,9005,699,6005,665,100
TOTAL ASSETS:12,622,80011,807,20011,036,30010,998,10010,841,20010,916,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 11,00020,30018,00017,30017,500 
Total current liabilities: 11,00020,30018,00017,30017,500 
Noncurrent Liabilities
Liabilities, other than long-term debt61,00059,40059,80066,90059,20098,000
Deferred income tax liabilities61,00059,40059,80066,90059,20098,000
Total noncurrent liabilities:61,00059,40059,80066,90059,20098,000
Other undisclosed liabilities10,283,1009,479,5008,875,9008,821,1008,540,4008,530,800
Total liabilities:10,355,1009,559,2008,953,7008,905,3008,617,1008,628,800
Equity
Equity, attributable to parent, including:2,254,8002,236,6002,074,7002,084,5002,223,3002,288,200
Common stock16,30016,20016,20016,20016,20016,200
Additional paid in capital1,645,6001,642,6001,641,3001,633,2001,630,3001,623,400
Accumulated other comprehensive income (loss)(74,200)(23,000)(45,000)(53,700)(10,400)600
Retained earnings467,100400,800262,200288,800387,200448,000
Other undisclosed equity, attributable to parent200,000200,000200,000200,000200,000200,000
Equity, attributable to noncontrolling interest12,90011,4007,9008,300800(700)
Total equity:2,267,7002,248,0002,082,6002,092,8002,224,1002,287,500
TOTAL LIABILITIES AND EQUITY:12,622,80011,807,20011,036,30010,998,10010,841,20010,916,300

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues767,900684,900673,600597,500473,100361,400
Cost of revenue   (40,000)  (12,500)
Provision for loan, lease, and other losses      (12,500)
Gross profit:767,900684,900633,600597,500473,100348,900
Operating expenses(116,500)(116,400)(141,100)(72,900)(74,000)(126,500)
Operating income:651,400568,500492,500524,600399,100222,400
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
(17,400)(100)66,000   
Interest and debt expense(11,700)(10,800)(10,500)(9,400)(9,400)(9,300)
Income from continuing operations before equity method investments, income taxes:622,300557,600548,000515,200389,700213,100
Other undisclosed loss from continuing operations before income taxes(533,200)(386,800)(590,600)(607,900)(473,500)(416,700)
Income (loss) from continuing operations before income taxes:89,100170,800(42,600)(92,700)(83,800)(203,600)
Income tax expense (benefit)(16,800)(25,800)19,600(900)27,700(9,700)
Income (loss) from continuing operations:72,300145,000(23,000)(93,600)(56,100)(213,300)
Loss before gain (loss) on sale of properties:(93,600)(56,100)(213,300)
Net income (loss):72,300145,000(23,000)(93,600)(56,100)(213,300)
Net income (loss) attributable to noncontrolling interest(2,000)(2,400)400(800)(700)300
Net income (loss) attributable to parent:70,300142,600(22,600)(94,400)(56,800)(213,000)
Undistributed earnings (loss) allocated to participating securities, basic(4,800)(10,500)    
Other undisclosed net loss available to common stockholders, basic(4,000)(4,000)(4,000)(4,000)(4,000)(4,000)
Net income (loss) available to common stockholders, diluted:61,500128,100(26,600)(98,400)(60,800)(217,000)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):72,300145,000(23,000)(93,600)(56,100)(213,300)
Other comprehensive income (loss)(51,200)22,0008,700(43,300)(11,000)800
Comprehensive income (loss):21,100167,000(14,300)(136,900)(67,100)(212,500)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,000)(2,400)400(800)(700)300
Comprehensive income (loss), net of tax, attributable to parent:19,100164,600(13,900)(137,700)(67,800)(212,200)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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