SiriusPoint (SPNT) FY2012 results: revenue $233 million

SiriusPoint Ltd. (SPNT) reported revenue of $233 million for fiscal 2012, the year ended 31 December 2012. Net income was $99 million, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.

Revenue

$233 million

FY2011FY2012

Operating margin

43.0%

FY2011FY2012

Net income

$99 million

FY2011FY2012

Diluted EPS

$1.26

FY2011FY2012

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ million	FY2012	FY2011
Revenue	233	0.0
Operating income	100	-1.1
Operating margin	43.0%	n/a
Pre-tax income	101	n/a
Income tax	0.0	n/a
Effective tax rate	0.0%	n/a
Net income	99.4	-1.1
Net margin	42.7%	n/a
Diluted EPS	$1.26	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2012	FY2011	On the year
Operating cash flow	-30.9	-1.6
Cash from investing	-806	0.0
Cash from financing	267	605	-55.9%
Share-based compensation	6.4	n/a
Diluted shares, weighted	79m	n/a
Shares outstanding at period end	78m	n/a

Balance sheet

$ million	FY2012	FY2011	On the year
Shareholders' equity	928	585	+58.6%
Non-controlling interest	59.8	n/a
Other liabilities	414	n/a
Total liabilities and equity	1,402	n/a
Cash and equivalents	34.0	604	-94.4%
Other assets	1,368	n/a
Total assets	1,402	n/a

10-K for the year ended 31 December 2012, filed 28 February 2014: the filing.