SiriusPoint (SPNT) FY2017 results: revenue $939 million, up 36.3% on the year
SiriusPoint Ltd. (SPNT) reported revenue of $939 million for fiscal 2017, the year ended 31 December 2017, up 36.3% on the year before. Net income was $278 million, up 905.2%, and diluted earnings per share $2.64. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$939 million
+36.3% on the year
FY2011FY2017
Operating margin
31.3%
5.0% a year earlier
FY2011FY2017
Net income
$278 million
+905.2% on the year
FY2011FY2017
Diluted EPS
$2.64
+915.4% on the year
FY2011FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
939
689
575
+36.3%
Operating income
294
34.5
-90.3
+752.2%
Operating margin
31.3%
5.0%
-15.7%
Interest expense
8.2
8.2
7.2
-0.1%
Pre-tax income
294
34.5
-90.3
+752.2%
Income tax
12.0
5.6
-2.9
+114.1%
Effective tax rate
4.1%
16.2%
n/a
Net income
278
27.6
-87.4
+905.2%
Net margin
29.6%
4.0%
-15.2%
Diluted EPS
$2.64
$0.26
-$0.84
+915.4%
$ million except per share. Read moreFree 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
-78.5
4.8
188
Cash from investing
265
-85.3
-164
Cash from financing
53.7
38.1
-32.2
+41.2%
Share-based compensation
3.6
8.9
10.9
-59.7%
Buybacks
40.9
7.4
n/a
+452.7%
Diluted shares, weighted
105m
106m
104m
-0.3%
Shares outstanding at period end
103m
107m
105m
-3.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,656
1,414
1,380
+17.1%
Non-controlling interest
5.4
35.7
16.2
-84.8%
Redeemable equity
108
0.0
n/a
Other liabilities
2,902
2,446
2,149
+18.6%
Total liabilities and equity
4,672
3,896
3,545
+19.9%
Cash and equivalents
8.2
10.0
20.4
-17.6%
Other assets
4,664
3,886
3,525
+20.0%
Total assets
4,672
3,896
3,545
+19.9%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.