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SiriusPoint (SPNT)
NYSE:SPNT
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SiriusPoint (SPNT) AI Stock Analysis

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SPNT

SiriusPoint

(NYSE:SPNT)

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Neutral 65 (OpenAI - 4o)
Rating:65Neutral
Price Target:
$19.00
▲(2.65% Upside)
SiriusPoint's strong earnings call performance and stable financial position are offset by technical and valuation challenges. The company shows potential for growth but needs to address profitability and cash flow issues.
Positive Factors
Strong Return on Equity
A strong return on equity indicates efficient use of shareholders' equity to generate profits, enhancing long-term shareholder value.
Continued Premium Growth
Consistent premium growth reflects robust demand for SiriusPoint's offerings, supporting sustained revenue expansion and market presence.
Strategic Asset Sale
The sale of non-core assets like Arcadian Risk Capital strengthens the balance sheet, providing capital for strategic investments and growth.
Negative Factors
Profitability Challenges
Low profitability margins indicate challenges in cost management and operational efficiency, potentially impacting long-term financial health.
Foreign Exchange Losses
Significant foreign exchange losses can erode profitability and highlight exposure to currency fluctuations, affecting financial stability.
Cash Flow Challenges
Negative free cash flow growth suggests difficulties in generating cash, which could constrain investment capacity and operational flexibility.

SiriusPoint (SPNT) vs. SPDR S&P 500 ETF (SPY)

SiriusPoint Business Overview & Revenue Model

Company DescriptionSiriusPoint 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 MoneySiriusPoint 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 Earnings Call Summary

Earnings Call Date:Aug 04, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Positive
The earnings call highlighted SiriusPoint's strong financial performance with improvements in return on equity, combined ratio, and premium growth. The recognition as Program Insurer of the Year and the improved employee engagement further contributed to a positive outlook. However, challenges such as losses in aviation and California wildfires, foreign exchange losses, and decreased net service fee income were noted. The sentiment is primarily positive due to the overall strong performance and strategic growth initiatives.
Q2-2025 Updates
Positive Updates
Strong Return on Equity
SiriusPoint's underlying return on equity for the quarter was 17%, 2 points ahead of the target range of 12% to 15%. Year-to-date, the return on equity is 15.4%, at the upper end of the target range.
Improvement in Combined Ratio
The core combined ratio for the second quarter was 89.5%, a 3.8 point improvement year-over-year, marking the 11th consecutive quarter of underwriting profit.
Continued Premium Growth
Gross written premiums grew by 10%, marking the fifth straight quarter of double-digit growth. Net premium growth increased by 8% in the quarter and 14% in the first half of the year.
New MGA Partnerships
Four new MGA partnerships were entered in the quarter, expanding relationships with existing long-term partners.
Recognition as Program Insurer of the Year
SiriusPoint was awarded Program Insurer of the Year at the Program Manager awards in New York.
Strong Net Investment Income
Net investment income for the quarter was $68 million, tracking in line with the full year guidance of $265 million to $275 million.
Improved Employee Engagement
The annual engagement survey showed significant improvements, with the Net Promoter Score increasing by 16 points year-over-year.
Increase in Book Value Per Share
Book value per diluted share increased by 4% in the quarter and 10% year-to-date.
Negative Updates
Losses in Aviation and California Wildfires
Heightened first half losses were reported in aviation and first quarter losses from California wildfires.
Foreign Exchange Losses
The quarter included $17 million in foreign exchange losses, impacting net income.
Decreased Net Service Fee Income
Net service fee income was $28 million, representing a slight decrease from the prior year period.
Challenges in Casualty Segment
Casualty premiums decreased by 10% as capital was allocated to more attractive opportunities.
Company Guidance
During the SiriusPoint Second Quarter 2025 Earnings Conference Call, the company reported a strong financial performance with several key metrics highlighted. The underlying return on equity for the quarter stood at 17%, surpassing the target range of 12% to 15%, while the year-to-date figure was 15.4%. The core combined ratio improved to 89.5%, marking an 11th consecutive quarter of underwriting profit. Gross written premiums saw a 10% increase, with net premiums up by 8% for the quarter and 14% for the first half of the year. Within the Insurance & Services business, net premium growth reached 15%. SiriusPoint maintained a strong capital position with a BSCR ratio of 223% and reported net investment income of $68 million, aligning with the full-year guidance of $265 million to $275 million. Additionally, the company achieved a Net Promoter Score increase of 16 points year-over-year, reflecting improved employee engagement. Book value per diluted share rose by 4% for the quarter and 10% year-to-date, with underlying earnings per share increasing by over 100% compared to the previous year.

SiriusPoint Financial Statement Overview

Summary
SiriusPoint's financial performance is mixed. Strong revenue growth is offset by declining profitability margins and cash flow challenges. The balance sheet is stable with moderate leverage, but operational efficiency needs improvement.
Income Statement
65
Positive
SiriusPoint's income statement shows a mixed performance. The TTM data indicates a strong revenue growth rate of 18.5%, suggesting a positive trajectory in revenue generation. However, the gross profit margin has decreased significantly from previous years, indicating potential cost management issues. The net profit margin is relatively low at 6.4%, and the EBIT margin is negative, reflecting operational challenges. Despite these issues, the company has shown resilience with a positive EBITDA margin.
Balance Sheet
70
Positive
The balance sheet of SiriusPoint is relatively stable. The debt-to-equity ratio is moderate at 0.34, indicating a balanced approach to leveraging. The return on equity has decreased over the years, currently at 7.7%, which is a concern for profitability. However, the equity ratio remains strong, suggesting a solid capital structure. Overall, the balance sheet reflects a stable financial position with manageable leverage.
Cash Flow
60
Neutral
Cash flow analysis reveals some challenges for SiriusPoint. The free cash flow growth rate is negative, indicating a decline in cash generation capabilities. The operating cash flow to net income ratio is low, suggesting inefficiencies in converting income into cash. However, the free cash flow to net income ratio remains strong at 1.0, showing that the company is effectively managing its cash relative to net income.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.65B2.60B2.70B2.11B2.22B884.57M
Gross Profit1.18B2.66B848.40M2.08B2.13B7.83M
EBITDA224.20M314.60M393.90M-370.20M4.64B160.10M
Net Income169.70M199.90M354.80M-386.00M58.10M143.80M
Balance Sheet
Total Assets12.36B12.52B12.87B11.04B10.62B3.54B
Cash, Cash Equivalents and Short-Term Investments5.66B6.03B6.10B4.33B2.08B525.99M
Total Debt706.40M639.10M786.20M778.00M816.70M114.27M
Total Liabilities10.25B10.59B10.34B8.95B8.12B1.97B
Stockholders Equity2.11B1.94B2.51B2.07B2.50B1.56B
Cash Flow
Free Cash Flow135.10M74.70M581.30M292.50M1.60M73.36M
Operating Cash Flow135.10M74.70M581.30M293.30M1.60M73.36M
Investing Cash Flow970.60M343.60M-332.20M-1.30B208.60M6.11M
Financing Cash Flow-906.50M-625.00M-61.50M-23.70M24.30M-19.48M

SiriusPoint Technical Analysis

Technical Analysis Sentiment
Positive
Last Price18.51
Price Trends
50DMA
18.33
Positive
100DMA
18.77
Negative
200DMA
17.51
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
53.69
Neutral
STOCH
52.54
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 18.51 is above the 20-day moving average (MA) of 18.26, above the 50-day MA of 18.33, and above the 200-day MA of 17.51, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.69 is Neutral, neither overbought nor oversold. The STOCH value of 52.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPNT.

SiriusPoint Risk Analysis

SiriusPoint disclosed 65 risk factors in its most recent earnings report. SiriusPoint reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

SiriusPoint Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$2.46B6.5615.86%28.86%-11.22%
$11.46B6.2118.75%0.66%23.19%-22.42%
$18.00B11.429.92%3.81%9.73%1.22%
$12.52B16.487.07%1.90%1.53%-10.27%
$2.14B20.614.82%-4.56%-55.48%
$417.56M11.165.82%2.18%-41.11%
$13.06M-3.72-58.30%78.09%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SPNT
SiriusPoint
18.51
5.00
37.01%
GLRE
Greenlight Capital Re
12.22
-1.18
-8.81%
RGA
Reinsurance Group
189.46
-18.27
-8.80%
RNR
Renaissancere Holdings
242.27
-24.10
-9.05%
OXBR
Oxbridge Re Holdings
1.62
-1.30
-44.52%
HG
Hamilton Insurance Group, Ltd. Class B
24.65
7.28
41.91%

SiriusPoint Corporate Events

Executive/Board Changes
SiriusPoint Announces Chief Accounting Officer Resignation
Neutral
Oct 15, 2025

On October 13, 2025, SiriusPoint Ltd. announced the resignation of Evan Cabat, the Chief Accounting Officer, effective October 31, 2025, as he pursues another opportunity. The company clarified that his departure is not due to any disagreements regarding financial or operational matters. Jim McKinney, the Chief Financial Officer, will take over Cabat’s responsibilities, ensuring continuity in the company’s financial leadership.

The most recent analyst rating on (SPNT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SiriusPoint stock, see the SPNT Stock Forecast page.

Business Operations and StrategyM&A Transactions
SiriusPoint Sells Stake in Arcadian Risk Capital
Positive
Oct 6, 2025

On October 3, 2025, SiriusPoint Ltd. announced the sale of its 49% equity stake in Arcadian Risk Capital to Lee Equity Partners for $139 million, with the transaction expected to close by the first quarter of 2026. The deal includes an extension of SiriusPoint’s capacity agreement with Arcadian until 2031, and upon completion, SiriusPoint will recognize a pre-tax gain of $25-30 million. This move is part of SiriusPoint’s strategy to strengthen its partnership with Arcadian and support its growth under the leadership of John Boylan.

The most recent analyst rating on (SPNT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SiriusPoint stock, see the SPNT Stock Forecast page.

Business Operations and StrategyM&A Transactions
SiriusPoint Announces Sale of ArmadaCare to Ambac
Positive
Sep 29, 2025

On September 29, 2025, SiriusPoint Ltd. announced an agreement to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group Inc. for $250 million. The transaction, expected to close in the fourth quarter of 2025, will result in a pre-tax gain of $220-230 million for SiriusPoint and an increase in its pro-forma tangible book value by approximately 10%. The sale is part of SiriusPoint’s strategy to unlock off-balance sheet value while continuing its capacity partnership with ArmadaCare until 2030, reflecting its strong position in the Accident & Health segment.

The most recent analyst rating on (SPNT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SiriusPoint stock, see the SPNT Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
SiriusPoint Appoints Martin Hudson to Board
Positive
Sep 3, 2025

On September 3, 2025, SiriusPoint Ltd. announced the appointment of Martin Hudson to its board of directors, effective September 1, 2025. With over 40 years of experience in the (re)insurance industry, Hudson’s leadership spans underwriting, risk management, and executive management across global markets. His appointment is expected to strengthen SiriusPoint’s business and support its growth strategies, delivering long-term value for shareholders and stakeholders.

The most recent analyst rating on (SPNT) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on SiriusPoint stock, see the SPNT Stock Forecast page.

SiriusPoint Ltd’s Earnings Call Highlights Strong Growth
Aug 6, 2025

SiriusPoint Ltd’s recent earnings call painted a picture of a company on a positive trajectory, marked by strong underwriting performance and significant premium growth. The sentiment was buoyed by industry recognition and a series of strategic advancements, despite some challenges such as past losses and foreign exchange impacts. Overall, the tone was optimistic, with highlights outweighing the hurdles faced.

Business Operations and StrategyExecutive/Board Changes
SiriusPoint Adopts Executive Severance Plan Effective August 2025
Neutral
Aug 5, 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.

The most recent analyst rating on (SPNT) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on SiriusPoint stock, see the SPNT Stock Forecast page.

Siriuspoint Ltd Faces Financial Challenges Amid Global Inflation and Tariff Changes
Aug 5, 2025

Siriuspoint Ltd faces significant business risks due to global inflation and the evolving tariff landscape, which could impede its ability to meet business objectives and adversely affect its financial health. Inflation, driven by factors like expansionary monetary policy and supply chain disruptions, can lead to underpricing of insurance risks, necessitating increased loss reserves and reducing net income. Additionally, changing tariffs may slow economic growth, affecting Siriuspoint’s credit and mortgage business, while heightened market volatility could strain its capital and liquidity. Currency fluctuations from inflation may further increase foreign exchange volatility, impacting financial statements.

SiriusPoint Ltd. Reports Strong Q2 2025 Results
Aug 5, 2025

SiriusPoint Ltd. is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with a presence in key markets like New York, London, and Stockholm. The company specializes in Property & Casualty and Accident & Health insurance and reinsurance, supported by strategic partnerships with Managing General Agents and Program Administrators.

Business Operations and StrategyExecutive/Board ChangesDividendsFinancial Disclosures
SiriusPoint Reports Strong Q2 2025 Financial Results
Positive
Aug 4, 2025

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.

The most recent analyst rating on (SPNT) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on SiriusPoint stock, see the SPNT Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025