SiriusPoint Ltd. (SPNT) financial statements (2022 and earlier)

Company profile

Business Address POINT BUILDING
PEMBROKE, HM 08
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,1616277643442,9662,5752,286
Cash and cash equivalents1,00052663910481020
Short-term investments3,1611011252402,9582,5652,265
Total current assets:4,1616277643442,9662,5752,286
Noncurrent Assets
Operating lease, right-of-use asset27  
Long-term investments and receivables456      
Long-term investments456      
Intangible assets, net (including goodwill)172      
Intangible assets, net (excluding goodwill)172      
Deferred income tax assets182  
Total noncurrent assets:837      
Other undisclosed assets5,6203,0982,6752,7421,7051,3211,259
TOTAL ASSETS:10,6183,7263,4403,0864,6723,8963,545
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 114114114143114122
Liability for uncertainty in income taxes 222222
Total current liabilities: 116116115145115124
Noncurrent Liabilities
Liabilities, other than long-term debt95      
Deferred income tax liabilities95  
Total noncurrent liabilities:95      
Other undisclosed liabilities8,0202,0441,9101,7662,7572,3312,025
Total liabilities:8,1152,1602,0261,8822,9022,4462,149
Temporary equity, carrying amount    108  
Stockholders' equity
Stockholders' equity attributable to parent, including:2,5041,5641,4141,2051,6561,4141,380
Common stock161099111111
Treasury stock, value    (48)(7) 
Additional paid in capital1,6239349289191,1001,0951,081
Accumulated other comprehensive loss(0)      
Retained earnings665620477276594316289
Other undisclosed stockholders' equity attributable to parent200      
Stockholders' equity attributable to noncontrolling interest(0)1  53616
Total stockholders' equity:2,5031,5651,4141,2051,6611,4501,396
TOTAL LIABILITIES AND EQUITY:10,6183,7263,4403,0864,6723,8963,545

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,181890983370939689575
Premiums earned, net 611700 
Financial services revenue621547590603
Cost of revenue(1,327)(187)(296)(206)(189)(222)(191)
Policyholder benefits and claims incurred, net(1,327)   
Deferred policy acquisition costs, amortization expense (187)(296)(206)(189)(222)(191)
Gross profit:854703687164750467384
Operating expenses(431)(61)(54)(36)(53)(39)(46)
Other operating expense, net (11)(17)(10)(13)(8)(9)
Other expenses    (13)(8)(9)
Operating income:423631617118684419329
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
 (5)(4)8(12)203
Interest and debt expense(34)(8)(8)(8)(8)(8)(7)
Income from continuing operations before equity method investments, income taxes:389617605117664430325
Other undisclosed loss from continuing operations before income taxes(344)(465)(403)(438)(370)(396)(415)
Income (loss) from continuing operations before income taxes:45152201(321)29434(90)
Income tax expense (benefit)11(8)(1)4(12)(6)3
Net income (loss):56144201(317)28229(87)
Net income (loss) attributable to noncontrolling interest2(0) (0)(4)(1)0
Net income (loss) attributable to parent:58144201(318)27828(87)
Undistributed earnings (loss) allocated to participating securities, basic(3)    
Other undisclosed net loss available to common stockholders, basic(14)(1)(1) (0)(0) 
Net income (loss) available to common stockholders, basic:41142200(318)27828(87)
Other undisclosed net income available to common stockholders, diluted 00 00 
Net income (loss) available to common stockholders, diluted:41142200(318)27828(87)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):56144201(317)28229(87)
Other comprehensive loss(0)      
Comprehensive income (loss):56144201(317)28229(87)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(0) (0)(4)(1)0
Comprehensive income (loss), net of tax, attributable to parent:58144201(318)27828(87)

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.

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