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Siriuspoint Ltd (SPNT)
:SPNT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)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:Feb 18, 2025
|% Change Since: -0.29%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
SiriusPoint's call highlighted significant improvements in underwriting performance, strategic financial restructuring, and premium growth. However, these were somewhat offset by notable one-time losses related to the California wildfires and write-downs of legacy investments. Despite these challenges, the overall strategic direction and financial metrics suggest a positive outlook.Company Guidance
During the SiriusPoint Fourth Quarter 2024 earnings call, the company highlighted significant progress in reshaping its business and improving financial performance. The transaction with CMIG was a key focus, leading to an immediate 4% accretion in book value and a projected 20% increase in earnings per share. The company reported a 14.6% return on equity, at the upper end of its target range, and a 10% growth in continuing lines premium. Operational efficiency was evident in the combined ratio for core business improving to 91%, and an underlying net income increase of 14% year-over-year to approximately $300 million. Despite challenges such as Hurricane Milton and California wildfires, SiriusPoint maintained a low volatility portfolio, with catastrophe losses reduced significantly from previous years. The company also strengthened its MGA strategy, achieving a net service fee income increase of 56% over the prior year. SiriusPoint's investment portfolio remained robust, with net investment income reaching $304 million, slightly exceeding guidance. As the company enters 2025, it is focused on further improving its business performance, leveraging a strengthened balance sheet and simplified corporate governance structure.Improved Underwriting Performance
The company achieved a core combined ratio of 91% for 2024, marking a 2.4-point improvement versus the prior year, despite a 1.9-point increase in catastrophe losses.
Strong Financial Metrics
SiriusPoint reported a 14% improvement in underlying net income to approximately $300 million, and a 14.6% underlying return on equity, which is at the upper end of their target range.
Strategic Repurchases and Restructuring
The repurchase of CMIG's shares and warrants, along with other strategic transactions, increased book value per share by 4% and are expected to increase earnings per share by over 20%.
Continued Premium Growth
The continuing lines gross premiums written grew by 10%, with a 14% increase in insurance and services and a 5% increase in reinsurance.
Investment Income Outperformance
Net investment income for the full year was $304 million, slightly outperforming guidance due to elevated interest rates.
Improved Catastrophe Loss Management
Catastrophe losses were significantly reduced, with SiriusPoint moving from the highest quartile in 2022 to the lowest in 2024 among peers.
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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 |
|---|---|---|---|
| Feb 18, 2025 | $14.02 | $14.01 | -0.07% |
| 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% |
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 Ltd (SPNT) report earnings?
Siriuspoint Ltd (SPNT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Siriuspoint Ltd (SPNT) earnings time?
Siriuspoint Ltd (SPNT) earnings time is at Apr 30, 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 2025 (Q1) is 0.4.
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