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SiriusPoint (SPNT)
NYSE:SPNT
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.5Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 05, 2021
|% Change Since: 14.08%
|Next Earnings Date:May 10, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted SiriusPoint's strong financial performance with consecutive underwriting profits, premium growth, and robust investment income. However, challenges such as the financial impact of recent hurricanes and a decrease in gross premiums were also noted. Despite these challenges, the positive aspects seem to outweigh the negatives.Company Guidance
In the third quarter 2024 earnings call for SiriusPoint (SPNT), the company reported a combined ratio of 88.5%, marking a 4-point improvement from the previous year, despite challenges like Hurricane Helene. Premiums for continuing lines grew by 10% year-over-year, contributing to an annualized underlying ROE of 14.4%, within the target range of 12% to 15%. The net investment income was $78 million, with the total investment result reaching $93 million for the quarter. Catastrophe losses amounted to $11 million, primarily due to Hurricane Helene, and an estimated $30 to $40 million in losses from Hurricane Milton are anticipated in the fourth quarter. The company highlighted its strategic focus on underwriting, with significant growth in specialty and property segments and disciplined pricing strategies. SiriusPoint also noted strong performance in its MGA distribution strategy, entering into six new partnerships in the quarter. The financial outlook remains robust, with an estimated net investment income for the full year between $295 million and $300 million.Eighth Consecutive Quarter of Underwriting Profit
Achieved a combined ratio of 88.5%, marking a 4-point improvement versus the previous year quarter despite Hurricane Helene.
Premium Growth
Delivered 10% year-over-year growth for continuing lines of business in Q3, with year-to-date growth at 7%.
Improvement in Return on Equity
Annualized underlying ROE at 14.4%, well within the target range of 12% to 15%.
Strong Investment Performance
Net investment income for the quarter was $78 million, contributing to a third quarter investment result of $93 million.
Strategic Partnerships and MGA Growth
Entered into 17 new MGA programs year-to-date, with fee income increasing 18% on the prior year period.
Reduction in Equity Stakes
Reduced equity stakes to 22% from 36% at the start of 2023, indicating a more focused investment strategy.
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SPNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $13.14 | $13.35 | +1.60% |
| Aug 01, 2024 | $14.29 | $14.60 | +2.17% |
| Apr 30, 2024 | $11.78 | $12.10 | +2.72% |
| Feb 20, 2024 | $12.28 | $11.39 | -7.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SiriusPoint (SPNT) report earnings?
SiriusPoint (SPNT) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is SiriusPoint (SPNT) earnings time?
SiriusPoint (SPNT) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPNT EPS forecast?
SPNT EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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