Sirius International Insurance Group, Ltd. (SG) financial statements (2021 and earlier)
Company profile
| Business Address |
14 WESLEY STREET, 5TH FLOOR HAMILTON, HM11 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 542 | 499 | ||
| Cash and cash equivalents | 136 | 119 | ||
| Short-term investments | 405 | 380 | ||
| Total current assets: | 542 | 499 | ||
| Noncurrent Assets | ||||
| Long-term investments and receivables | 347 | 365 | ||
| Long-term investments | 347 | 365 | ||
| Intangible assets, net (including goodwill) | 581 | 596 | ||
| Goodwill | 401 | 401 | ||
| Intangible assets, net (excluding goodwill) | 180 | 196 | ||
| Total noncurrent assets: | 927 | 961 | ||
| Other undisclosed assets | 4,945 | 4,547 | ||
| TOTAL ASSETS: | 6,414 | 6,008 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Noncurrent Liabilities | ||||
| Other undisclosed liabilities | 4,548 | 4,069 | ||
| Total liabilities: | 4,548 | 4,069 | ||
| Temporary equity, carrying amount | 223 | 232 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | 1,640 | 1,705 | ||
| Common stock | 1 | 1 | ||
| Additional paid in capital | 1,098 | 1,089 | ||
| Accumulated other comprehensive loss | (238) | (202) | ||
| Retained earnings | 779 | 817 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 2 | ||
| Total stockholders' equity: | 1,643 | 1,706 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,414 | 6,008 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|
| Revenues | 1,720 | 1,458 | |
| Cost of revenue (Policyholder Benefits and Claims Incurred, Net) | (1,170) | (900) | |
| Gross profit: | 550 | 558 | |
| Operating expenses | (264) | (248) | |
| Operating income: | 286 | 310 | |
| Interest and debt expense | (31) | (31) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (289) | (255) | |
| Income (loss) from continuing operations before income taxes: | (34) | 24 | |
| Income tax expense | (12) | (40) | |
| Net loss: | (46) | (17) | |
| Net loss attributable to noncontrolling interest | (2) | (1) | |
| Net loss attributable to parent: | (47) | (18) | |
| Preferred stock dividends and other adjustments | 9 | (25) | |
| Net loss available to common stockholders, basic: | (38) | (43) | |
| Dilutive securities, effect on basic earnings per share | (9) | ||
| Net loss available to common stockholders, diluted: | (47) | (43) | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|
| Net loss: | (46) | (17) | |
| Other comprehensive loss | (35) | (62) | |
| Comprehensive loss: | (81) | (79) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2) | (1) | |
| Comprehensive loss, net of tax, attributable to parent: | (82) | (80) | |
Statements sources
The financial statements are based on the company's filings with the 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.