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SiriusPoint Ltd (TPRE)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Property and Casualty Reinsurance | | | | | 1,285.0 | 1,136.7 | 1,230.4 | 592.0 |
| Contract Concentration Risk | | | | | 370.0 | 939.0 | 689.0 | 574.8 |
| United States | | | | | 208.7 | 515.5 | 371.4 | 232.2 |
| United Kingdom | | | | | 40.7 | 298.6 | 209.5 | 237.9 |
| Total revenues | 2,105.6 | 2,180.7 | 889.7 | 982.6 | 370.0 | 939.0 | 689.0 | 574.8 |
| Revenue growth | -3.4% | 145.1% | -9.5% | 165.6% | -60.6% | 36.3% | 19.9% | 8.4% |
| Loss and loss adjustment expenses | | 1,326.5 | 465.3 | 403.5 | 438.4 | 370.1 | 395.9 | 415.2 |
| Policy acquisition costs | | | | | 206.5 | 188.9 | 222.2 | 191.2 |
| Other operating expenses | 2,528.3 | 775.1 | 264.3 | 369.6 | 38.3 | 78.1 | 28.2 | 51.5 |
| Research and development | | | | | | | | |
| General and administrative | | | | | 36.2 | 53.1 | 39.4 | 46.0 |
| EBITDA | | 98.3 | | | | | | |
| EBITDA margin | | 4.5% | 18.6% | 21.7% | -86.7% | 30.8% | 9.0% | -13.9% |
| Depreciation | | 6.1 | | | | | | |
| EBITA | -480.6 | 92.2 | 165.3 | 213.1 | -320.8 | 289.7 | 62.2 | -79.9 |
| EBITA margin | -22.8% | 4.2% | 18.6% | 21.7% | -86.7% | 30.8% | 9.0% | -13.9% |
| Amortization of intangibles | 8.1 | 5.9 | | | | | | |
| EBIT | -488.7 | 86.3 | 165.3 | 213.1 | -320.8 | 289.7 | 62.2 | -79.9 |
| EBIT margin | -23.2% | 4.0% | 18.6% | 21.7% | -86.7% | 30.8% | 9.0% | -13.9% |
| Interest and other income (expense), net | -66.0 | | | | | | | |
| Interest income, net [+] | -66.0 | -112.0 | -8.2 | -8.2 | -24.0 | -28.8 | 3.1 | -7.2 |
| Interest expense | | 34.0 | 8.2 | 8.2 | 8.2 | 8.2 | 8.2 | 7.2 |
| Interest income | | -78.0 | | | -15.7 | -20.5 | 11.3 | |
| Pre-tax income | -422.7 | 45.1 | 151.9 | 201.3 | -321.5 | 293.7 | 34.5 | -90.3 |
| Income taxes | -36.7 | -10.7 | 8.1 | 0.7 | -4.0 | 12.0 | 5.6 | -2.9 |
| Tax rate | 8.7% | | 5.3% | 0.3% | 1.2% | 4.1% | 16.2% | 3.2% |
| Minority interest | -0.8 | -2.3 | 0.3 | | 0.2 | 4.0 | 1.2 | 0.0 |
| Net income | -386.0 | 44.6 | 143.5 | 200.6 | -317.7 | 277.8 | 27.6 | -87.4 |
| Net margin | -18.3% | 2.0% | 16.1% | 20.4% | -85.9% | 29.6% | 4.0% | -15.2% |
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| Basic EPS | ($386.80) | $0.30 | $1.55 | $2.18 | ($3.27) | $2.72 | $0.27 | ($0.84) |
| Diluted EPS | ($386.80) | $0.30 | $1.54 | $2.17 | ($3.27) | $2.64 | $0.26 | ($0.84) |
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| Shares outstanding (basic) | 1.0 | 148.7 | 92.5 | 91.8 | 97.1 | 102.3 | 104.1 | 104.0 |
| Shares outstanding (diluted) | 1.0 | 150.2 | 93.0 | 92.7 | 97.1 | 105.2 | 105.6 | 104.0 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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