SiriusPoint (SPNT) AI Stock Analysis

• Market Cap: $2.18B
• Dividend Yield: N/A
• Average Volume (3M): 796.41K
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.50
• Revenue Growth: -4.56%
• EPS Growth: -55.48%
• Country: US
• Employees: 1,012
• Sector: Financial
• Sector Strength: 72
• Industry: Insurance - Reinsurance
• EPS (TTM): 0.66
• Shares Outstanding: 116,759,540
• 10 Day Avg. Volume: 845,528
• 30 Day Avg. Volume: 796,407
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.52
• Enterprise Value/Revenue: 1.26
• Enterprise Value/Gross Profit: 2.82
• Enterprise Value/Ebitda: 14.84
• 1Y Price Target: $27.50
• Price Target Upside: 49.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 65 Neutral
• Price Target: $20.00 ▲(8.58% Upside)

SiriusPoint's overall stock score reflects a mixed financial performance with strong revenue growth but declining profitability and cash flow challenges. Technical indicators suggest weak momentum, while the earnings call provides a positive outlook with strong financial metrics and strategic growth initiatives.

Positive Factors

Investor Base

The simplification of capital/ownership structure could open SPNT to a larger group of investors over time.

Strategy and Transformation

The company has mostly completed a strategy of de-risking, lowering CAT exposure, reducing exposure to older accident years, simplifying its ownership/capital structures, and shifting more into specialty insurance.

Valuation

Trading at 1.0x P/B, SPNT has meaningfully re-rated compared to 0.8x/0.5x in previous years, with a total shareholder return compound annual growth rate of approximately 30%.

Negative Factors

Financial Leverage

The Hold rating reflects the view that there is less room for the company to extend its financial/operating leverage that would lead to further ROE expansion.

Reserves Confidence

Confidence in results with regard to reserves may take time to prove out, as is customary for newer companies and management teams.

Valuation Concerns

The valuation still does not entirely reflect the shift into insurance, which comprises 60% of gross premiums written.

SiriusPoint Business Overview & Revenue Model

Company Description

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Insurance & Services segment offers coverage to various product lines comprising accident and health, environmental, workers' compensation, and other lines of business, including a cross section of property and casualty lines. The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021. SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.

How the Company Makes Money

SiriusPoint generates revenue primarily through the underwriting of insurance and reinsurance policies. The company's revenue model includes premiums collected from policyholders in exchange for coverage, which is a significant revenue stream. Additionally, it earns income from reinsurance agreements where it takes on risk from other insurers for a fee. Investment income from the management of its insurance reserves also contributes to revenues, as the company invests premium funds in various financial instruments. Strategic partnerships with brokers and other insurance firms enhance its distribution capabilities, while its focus on innovative risk solutions allows it to capture niche market opportunities, further boosting its earnings.

SiriusPoint Financial Statement Overview

Summary

SiriusPoint's financial performance is mixed, with a stable balance sheet but challenges in profitability and cash flow. The absence of debt is a strength, but inconsistent profitability and cash flow performance indicate potential operational challenges.

Income Statement

SiriusPoint has demonstrated a mixed performance in profitability metrics. Recent years show substantial fluctuations in EBIT and EBITDA margins, with TTM results showing zero EBIT and EBITDA, indicating potential operational challenges. The net profit margin has declined from previous highs, while revenue growth has been inconsistent, demonstrating volatility in business performance.

Balance Sheet

The balance sheet reflects a stable financial position with no total debt, contributing to a favorable debt-to-equity ratio. The equity ratio indicates a reasonable level of equity financing. However, the return on equity has shown variability, reflecting inconsistent profitability. Overall, the balance sheet highlights a sound capital structure with manageable liabilities.

Cash Flow

The company’s cash flow position experienced fluctuations, with TTM free cash flow showing a significant decline compared to previous years. Operating cash flow to net income ratio has weakened, indicating potential inefficiencies in converting income to cash. The free cash flow to net income ratio has also decreased, suggesting challenges in maintaining cash-based profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.65B	2.60B	2.70B	2.11B	2.22B	884.57M
Gross Profit	1.18B	2.66B	848.40M	2.08B	2.13B	7.83M
EBITDA	224.20M	314.60M	393.90M	-370.20M	4.64B	160.10M
Net Income	169.70M	199.90M	354.80M	-386.00M	58.10M	143.80M
Balance Sheet
Total Assets	12.36B	12.52B	12.87B	11.04B	10.62B	3.54B
Cash, Cash Equivalents and Short-Term Investments	5.66B	6.03B	6.10B	4.33B	2.08B	525.99M
Total Debt	706.40M	639.10M	786.20M	778.00M	816.70M	114.27M
Total Liabilities	10.25B	10.59B	10.34B	8.95B	8.12B	1.97B
Stockholders Equity	2.11B	1.94B	2.51B	2.07B	2.50B	1.56B
Cash Flow
Free Cash Flow	135.10M	74.70M	581.30M	292.50M	1.60M	73.36M
Operating Cash Flow	135.10M	74.70M	581.30M	293.30M	1.60M	73.36M
Investing Cash Flow	970.60M	343.60M	-332.20M	-1.30B	208.60M	6.11M
Financing Cash Flow	-906.50M	-625.00M	-61.50M	-23.70M	24.30M	-19.48M

SiriusPoint Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.42
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPNT, the sentiment is Positive. The current price of 18.42 is below the 20-day moving average (MA) of 18.72, below the 50-day MA of 19.13, and above the 200-day MA of 16.76, indicating a neutral trend. The MACD of -0.19 indicates Negative momentum. The RSI at 49.11 is Neutral, neither overbought nor oversold. The STOCH value of 57.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPNT.

SiriusPoint Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RNR	84 Outperform	$11.55B	6.32	18.75%	0.64%	23.19%	-22.42%
HG	82 Outperform	$2.40B	6.39	15.86%	―	28.86%	-11.22%
RGA	73 Outperform	$12.79B	16.84	7.07%	1.88%	1.53%	-10.27%
SKWD	73 Outperform	$1.97B	15.37	16.20%	―	22.20%	5.78%
Sector *	68 Neutral	$17.62B	12.00	10.34%	3.77%	9.67%	0.49%
SPNT	65 Neutral	$2.18B	20.82	4.82%	―	-4.56%	-55.48%
GLRE	63 Neutral	$450.73M	12.03	5.82%	―	2.18%	-41.11%

SiriusPoint Corporate Events

SiriusPoint Adopts Executive Severance Plan Effective August 2025

On July 30, 2025, SiriusPoint Ltd. adopted an Executive Severance Plan, effective August 1, 2025, to provide severance payments and benefits to eligible employees in the event of certain employment terminations. The plan outlines specific benefits for executives and other eligible employees, including lump sum payments, full vesting of cash bonuses, and medical benefits. Enhanced benefits are provided if a termination occurs within a year following a change in control, defined by specific criteria such as acquisition of voting securities or board changes.

SiriusPoint Reports Strong Q2 2025 Financial Results

On August 4, 2025, SiriusPoint Ltd. reported its second quarter 2025 financial results, highlighting a significant improvement in its core combined ratio to 89.5%, a 3.8-point improvement from the previous year. The company achieved an 83% year-over-year growth in underwriting income to $68 million and a 10% growth in gross premiums written for its core business. The second quarter return on equity was 12.7%, with underlying earnings per share increasing by 120% from the prior year. SiriusPoint also announced a quarterly cash dividend of $0.50 per share on its Series B preference shares, approved on July 30, 2025. The company was recognized as Program Insurer of the Year in the US, achieved record employee engagement scores, and added new executive leadership members, reinforcing its strategic growth and positioning in the industry.