NYSE$SPNT
Siriuspoint Ltd · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
SiriusPoint experienced a net loss due to significant catastrophe losses, which were partially offset by strong investment returns.
SiriusPoint reported a net loss of $48 million for the third quarter of 2021, driven by catastrophe losses of $287 million. This was partially offset by net investment income of $200 million, including a 16.3% return from the TP Enhanced Fund. The company is focused on managing volatility in its Property business and reallocating capital to its MGA platform within Insurance & Services.
- Net loss of $48 million, or $0.34 per diluted common share.
- Combined ratio of 152% and net underwriting loss of $266 million.
- Catastrophe losses were $287 million, including $132 million for the European floods and $100 million for Hurricane Ida.
- Net investment income of $200 million, including 16.3% return from our investment in the TP Enhanced Fund.
Headline financials
Revenue & EPS history
SiriusPoint · Revenue · Quarterly
$733M
Revenue by segment
SiriusPoint · $151M total across 1 segment · Q3 2021
- Reinsurance GWP$151M—100.0%
Forward guidance
The company is focused on optimizing capital allocation, rebalancing towards insurance, and reducing their risk profile to create a sustainable long-term franchise and profitability.
Tailwinds
- Optimizing capital allocation
- Rebalancing towards insurance
- Reducing risk profile
- Creating a sustainable long-term franchise
- Profitability
Headwinds
- Costs of integrating operations of Sirius Group
- Impact of COVID-19 pandemic
- Fluctuations in results of operations
- Downgrade or withdrawal of financial ratings
- Inadequacy of loss and loss adjustment expense reserves
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.5%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.6%
Avg return
30 days after
67%
38 / 57 earnings
Positive
+10.1%
Q2 2018
Best reaction
-16.0%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | -4.7% | -7.9% | |
| Q4 2025 | +6.6% | +2.8% | -0.9% | |
| Q3 2025 | +4.0% | +6.8% | +14.3% | |
| Q1 2025 | +7.6% | +6.0% | +5.9% | |
| Q4 2024 | -0.1% | +1.6% | +12.4% | |
| Q3 2024 | -2.6% | -5.7% | +12.6% | |
| Q2 2024 | +1.6% | -2.1% | +4.3% | |
| Q1 2024 | +0.7% | +0.7% | +8.6% | |
| Q4 2023 | -6.1% | -3.0% | +3.4% | |
| Q3 2023 | -5.8% | +2.3% | +5.8% | |
| Q2 2023 | +7.1% | +9.8% | +14.8% | |
| Q1 2023 | -1.2% | +3.5% | +5.0% | |
| Q4 2022 | -4.1% | +0.9% | +2.4% | |
| Q3 2022 | -16.0% | -8.7% | +3.6% | |
| Q2 2022 | +4.8% | +7.9% | +10.8% | |
| Q1 2022 | +2.2% | +1.9% | -8.0% | |
| Q4 2021 | -6.5% | -10.5% | -4.1% | |
| Q3 2021 | -0.9% | +2.2% | -21.1% | |
| Q2 2021 | +3.9% | +5.4% | +1.2% | |
| Q4 2020 | -3.6% | -0.7% | -0.5% | |
| Q1 2021 | -3.6% | -0.7% | -0.5% | |
| Q3 2020 | +2.9% | +9.2% | +21.9% | |
| Q4 2019 | +0.3% | -1.5% | -4.5% | |
| Q2 2020 | +8.2% | +8.6% | +4.3% | |
| Q1 2020 | -9.5% | -7.2% | -4.0% | |
| Q3 2019 | -3.2% | -1.6% | -4.0% | |
| Q2 2019 | +5.8% | +3.6% | +3.0% | |
| Q1 2019 | +3.2% | +1.6% | +11.8% | |
| Q4 2018 | -4.5% | -4.2% | -10.3% | |
| Q3 2018 | +4.7% | +1.5% | -11.7% | |
| Q2 2018 | +10.1% | +9.3% | +8.5% | |
| Q1 2018 | -3.2% | -4.7% | -4.7% | |
| Q4 2017 | -1.1% | +2.9% | +0.4% | |
| Q3 2017 | +2.7% | -3.0% | -7.6% | |
| Q2 2017 | +2.7% | +1.7% | -3.1% | |
| Q1 2017 | +1.7% | -0.4% | +1.7% | |
| Q4 2016 | +0.4% | +2.5% | -2.9% | |
| Q3 2016 | +6.2% | +8.8% | +1.3% | |
| Q2 2016 | +1.0% | +1.3% | +1.1% | |
| Q1 2016 | +2.6% | — | — | |
| Q4 2015 | -3.3% | — | — | |
| Q3 2015 | +0.4% | — | — | |
| Q2 2015 | -3.2% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +0.5% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q2 2013 | +0.9% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q3 2012 | +1.5% | — | — | |
| Q3 2013 | +1.5% | — | — | |
| Q4 2012 | +1.5% | — | — |
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