← SiriusPoint Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($386.0m) | $363.7m | $202.4m | $460.1m | |
| Net Income (Loss) Attributable to Parent | $27.6m | $277.8m | ($317.7m) | $200.6m | $143.5m | $58.1m | ($386.8m) | $354.8m | $199.9m | $459.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $27.5m | $277.5m | ($317.7m) | $200.0m | $142.4m | $41.2m | ($402.8m) | $314.5m | $176.2m | $443.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $28.9m | $281.8m | ($317.5m) | $200.6m | $143.9m | $55.8m | ($386.0m) | $363.7m | $202.4m | $460.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.2m | $4.0m | $223k | $0 | $341k | ($2.3m) | $800k | $8.9m | $2.5m | $500k | |
| Depreciation and amortization | — | — | — | — | — | $6.1m | $5.8m | $11.1m | $11.9m | $10.9m | |
| Amortization of Intangible Assets | — | — | — | — | — | $5.9m | $8.1m | $11.1m | $11.9m | $10.9m | |
| Deferred Policy Acquisition Costs, Amortization Expense | $222.2m | $188.9m | $206.5m | $295.6m | $187.1m | — | — | — | — | — | |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization | — | — | — | — | — | $387.8m | $461.9m | $472.7m | $516.9m | $583.6m | |
| Amortization Cash Flow | — | — | — | — | — | — | $8.1m | $11.1m | $11.9m | $10.9m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $8.1m | $11.1m | $11.9m | $10.9m | |
| Amortization Of Securities | — | — | — | — | — | — | ($17.2m) | ($67.1m) | ($61.2m) | ($34.6m) | |
| Deferred Income Tax Expense (Benefit) | ($1.2m) | $9.2m | ($10.0m) | $659k | $8.0m | ($34.2m) | ($39.2m) | ($77.3m) | $10.9m | $33.0m | |
| Share-based Payment Arrangement, Noncash Expense | $8.9m | $3.6m | $5.0m | $7.1m | $6.6m | $11.4m | $30.5m | $21.4m | $20.7m | $35.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $74k | $68k | $302k | $500k | $7.1m | $11.5m | $9.8m | $6.3m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $22.6m | $26.8m | $21.4m | $18.3m | $35.9m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $5.8m | $0 | $0 | — | — | |
| Income (Loss) from Equity Method Investments | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $5.6m | $12.0m | ($4.0m) | $713k | $8.1m | ($10.7m) | ($36.7m) | ($45.0m) | $30.7m | $81.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $5.0m | ($7.7m) | $13.5m | $172k | ($3.3m) | ($34.8m) | $36.9m | $28.8m | $110.0m | $25.1m | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | $2.7m | ($10.0m) | ($9.6m) | $3.8m | |
| Debt Securities, Realized Gain (Loss) | — | — | — | — | — | — | — | — | ($800k) | $0 | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | ($100k) | ($2.3m) | $0 | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($2.5m) | $1.8m | ($100k) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $19.5m | ($12.3m) | $7.5m | ($3.6m) | ($5.2m) | $44.0m | $66.0m | ($34.9m) | $10.0m | ($25.2m) | |
| Foreign Currency Transaction Gain (Loss), Realized | ($2.6m) | $6.4m | ($7.3m) | $12.8m | $8.0m | — | — | — | — | — | |
| General and Administrative Expense | $39.4m | $53.1m | $36.2m | $53.8m | $61.4m | — | — | — | — | — | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $395.9m | $370.1m | $438.4m | $403.5m | $465.3m | $1.3b | $1.6b | $1.4b | $1.4b | $1.5b | |
| Proceeds from Contributed Capital | $0 | — | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $5.1m | $1.5m | $0 | $1.9m | — | $2.2m | $0 | $3.0m | $18.4m | $900k | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | ($1.5m) | ($600k) | ($2.2m) | |
| Realized Investment Gains (Losses) | — | — | — | — | — | $30.8m | ($76.1m) | ($40.7m) | ($23.3m) | ($23.1m) | |
| Unrealized Gain (Loss) on Derivatives | ($6.0m) | $29.4m | ($27.4m) | $0 | $0 | — | — | $4.8m | ($1.2m) | ($200k) | |
| Unrealized Gain (Loss) on Investments | $72.1m | $255.0m | — | — | — | ($47.7m) | ($149.4m) | $30.7m | ($65.4m) | $20.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $1.9b | $913.7m | $1.1b | $894.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($23.7m) | ($61.5m) | ($625.0m) | ($518.8m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.3b) | ($332.2m) | $343.6m | $424.2m | |
| Change In Account Payable | — | — | — | — | — | — | $162.1m | $923.6m | $44.9m | ($334.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($36.9m) | ($28.8m) | ($110.0m) | ($140.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | — | $11.5m | ($8.9m) | ($7.2m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($53.9m) | ($56.5m) | ($8.2m) | $13.7m | |
| Change In Payable | — | — | — | — | — | — | $162.1m | $923.6m | $44.9m | ($334.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $162.1m | $923.6m | $44.9m | ($334.0m) | |
| Change In Prepaid Assets | — | — | — | — | — | ($33.3m) | ($106.0m) | ($100.4m) | — | — | |
| Change In Receivables | — | — | — | — | — | — | ($344.0m) | ($1.0b) | ($109.8m) | $3.2m | |
| Change In Working Capital | — | — | — | — | — | — | $295.2m | $162.2m | ($167.6m) | ($199.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($325.6m) | ($1.0b) | ($108.1m) | $6.3m | |
| Changes In Cash | — | — | — | — | — | — | ($1.0b) | $187.6m | ($206.7m) | $7.8m | |
| End Cash Position | — | — | — | — | — | — | $913.7m | $1.1b | $894.6m | $902.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($23.7m) | ($61.5m) | ($625.0m) | ($518.8m) | |
| Free Cash Flow | — | — | — | — | — | — | $293.3m | $581.3m | $74.7m | $102.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $418.1m | $6.9m | $79.0m | $2.9m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | $0 | $0 | ($222.4m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.3b) | ($332.2m) | $343.6m | $424.2m | |
| Issuance Of Capital Stock | — | — | — | — | — | $50.8m | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $0 | $224.9m | |
| Operating Gains Losses | — | — | — | — | — | — | $418.1m | $6.9m | $79.0m | ($219.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($28.0m) | $83.1m | ($10.5m) | $49.5m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($5.0m) | $27.8m | ($281.3m) | ($489.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | ($5.0m) | $0 | — | — | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $0 | $224.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $30.5m | $21.4m | $20.7m | $35.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($27.4m) | $59.4m | $31.9m | — | |
| Gain (Loss) on Investments | — | — | — | — | $69.2m | ($16.9m) | ($225.5m) | ($10.0m) | ($88.7m) | ($2.9m) | |
| Derivative, Gain (Loss) on Derivative, Net | ($9.5m) | $32.6m | $28.0m | $0 | $0 | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | ($9.6m) | ($16.6m) | ($10.6m) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $4.8m | ($78.5m) | $13.4m | $141.1m | $73.4m | $1.6m | $293.3m | $581.3m | $74.7m | $102.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Investments | — | — | — | — | — | $3.4b | $6.2b | $5.0b | — | — | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($1.3b) | ($337.7m) | $337.4m | $208.1m | |
| Purchase Of Investment | — | — | — | — | — | — | ($6.5b) | ($5.0b) | ($2.7b) | ($2.4b) | |
| Sale Of Investment | — | — | — | — | — | — | $5.2b | $4.6b | $3.1b | $2.6b | |
| Net Other Investing Changes | — | — | — | — | — | — | $4.5m | $5.5m | $6.2m | ($8.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($53.3m) | $23.0m | $377.6m | $786.9m | $6.1m | $208.6m | ($1.3b) | ($332.2m) | $343.6m | $424.2m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $0 | — | — | — | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $393.9m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $393.9m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | ($124.0m) | $0 | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | $517.9m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($517.9m) | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | $0 | ($517.9m) | $0 | |
| Proceeds from Issuance of Common Stock | $5.1m | $1.5m | $0 | $1.9m | $0 | $50.8m | $0 | $0 | — | — | |
| Common Stock Issuance | — | — | — | — | — | $50.8m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | $50.8m | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | $7.4m | $40.9m | $138.7m | $0 | $0 | — | $5.0m | $0 | $299.7m | $490.8m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | $0 | ($5.0m) | $0 | — | — | |
| Proceeds from Noncontrolling Interests | $0 | — | — | — | — | $200k | $800k | $800k | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | $18.3m | $74.0m | ($98.0m) | $0 | $1.0m | — | — | — | — | ($800k) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($16.0m) | ($16.0m) | ($16.0m) | ($16.0m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($16.0m) | ($16.0m) | ($16.0m) | ($16.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($20.3m) | ($55.3m) | ($203.7m) | ($12.9m) | |
| Net Cash Provided by (Used in) Financing Activities | $38.1m | $53.7m | ($226.9m) | $12.7m | ($19.5m) | $24.3m | ($23.7m) | ($61.5m) | ($625.0m) | ($518.8m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $164.0m | $940.6m | $60.0m | $234.5m | ($1.0b) | $187.6m | ($206.7m) | $7.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $713.3m | $1.7b | $1.7b | $1.9b | $913.7m | $1.1b | $894.6m | $902.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.0b) | $187.6m | ($206.7m) | $7.8m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $25.6m | $8.1m | $8.3m | $39.3m | $39.2m | $46.1m | $66.4m | $78.0m | |
| Income Taxes Paid, Net | — | — | — | — | — | $14.7m | ($2.2m) | $49.6m | $50.6m | $81.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.