Unusual bullish options volume at 125x normal drives SPNT's ~4% gain
Globally, SiriusPoint Ltd. delivers a broad spectrum of insurance and reinsurance solutions through its two main divisions: Reinsurance, and Insurance & Services. The Reinsurance segment covers a diverse array of product lines, such as aerospace, liability, event-related risks, credit and bond, marine and energy, mortgage, and property, extending its services to other insurers, reinsurers, governmental bodies, and various risk-bearing vehicles. Concurrently, its Insurance & Services segment offers protection across areas like accident and health, environmental, workers' compensation, and a selection of other property and casualty lines. Established in 2011 and headquartered in Pembroke, Bermuda, the company adopted its current name, SiriusPoint Ltd., in February 2021, having previously operated as Third Point Reinsurance Ltd.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.61B | $2.70B | $2.17B | $2.22B | $884.50M | $979.00M | $377.51M | $926.71M |
| Cost of Revenue | $1.89B | $1.85B | $2.05B | $1.71B | $652.40M | $699.10M | $654.52M | $571.64M |
| Gross Profit | $728.40M | $848.40M | $121.30M | $510.40M | $232.10M | $279.90M | $-277.01M | $355.07M |
| Gross Margin | 27.87% | 31.39% | 5.59% | 22.94% | 26.24% | 28.59% | -73.38% | 38.32% |
| Operating Expenses | $495.30M | $529.70M | $544.00M | $465.30M | $80.20M | $78.60M | $44.47M | $61.33M |
| Operating Income | $233.10M | $318.70M | $-422.70M | $45.10M | $151.90M | $201.30M | $-321.48M | $293.75M |
| Operating Margin | 8.92% | 11.79% | -19.46% | 2.03% | 17.17% | 20.56% | -85.16% | 31.70% |
| Net Income | $199.90M | $354.80M | $-386.80M | $58.10M | $143.80M | $200.60M | $-317.69M | $277.80M |
| Net Margin | 7.65% | 13.13% | -17.81% | 2.61% | 16.26% | 20.49% | -84.15% | 29.98% |
| EPS (Basic) | $1.06 | $1.93 | $-2.51 | $0.28 | $1.54 | $2.18 | $-3.27 | $2.71 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |