NYSE$SPNT

Siriuspoint Ltd · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

SiriusPoint reported a net loss due to catastrophe losses and net investment losses from strategic investments, offset by underwriting income and favorable prior year loss development.

SiriusPoint's Q4 2021 results showed a net loss of $140 million, or $0.88 per diluted common share. The core loss was $7 million, including underwriting income of $35 million and a Core combined ratio of 93.6%, offset by a Core net services loss of $41 million. Net investment loss was $151 million, including a (7.5)% return from the TP Enhanced Fund.

  • Net loss of $140 million, or $0.88 per diluted common share.
  • Tangible diluted book value per share decreased $0.80, or 5.7%, from the third quarter of 2021 to $13.27.
  • Core loss of $7 million, which includes underwriting income of $35 million and Core combined ratio of 93.6%, offset by a Core net services loss of $41 million.
  • Net investment loss of $151 million, including (7.5)% return from our investment in the TP Enhanced Fund.

Headline financials

Total Revenue

$398M

Previous: $387M+2.9%
EPS (adj)

-$0.88

Previous: $1.44-161.1%
Core Combined Ratio

93.6%

No prior period
Net Income

-$137M

Previous: $134M-201.8%
Operating Income

-$154M

No prior period
Gross Profit

$426M

Previous: $378M+12.4%
Cash & Equivalents

$1B

Previous: $526M+90.1%
Total Assets

$10.6B

Previous: $3.54B+200.4%
Stock-Based Comp

-$5.6M

Previous: $1.96M-386.0%

Revenue & EPS history

SiriusPoint · Revenue · Quarterly

$398M

Q4 2021+2.9%vs Q4 2020
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

SiriusPoint · $348M total across 1 segment · Q4 2021

  • Reinsurance GWP
    $348M

Forward guidance

Going into 2022, our focus remains on pursuing profitable and sustainable growth, and continuing to shift our business mix as we execute our Insurance & Services strategy.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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