SiriusPoint (SPNT) FY2018 results: revenue $370 million, down 60.6% on the year
SiriusPoint Ltd. (SPNT) reported revenue of $370 million for fiscal 2018, the year ended 31 December 2018, down 60.6% on the year before. Net income was -$318 million, and diluted earnings per share $-3.27. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$370 million
-60.6% on the year
FY2011FY2018
Operating margin
-86.9%
31.3% a year earlier
FY2011FY2018
Net income
-$318 million
FY2011FY2018
Diluted EPS
-$3.27
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
370
939
689
-60.6%
Operating income
-321
294
34.5
Operating margin
-86.9%
31.3%
5.0%
Interest expense
8.2
8.2
8.2
+0.0%
Pre-tax income
-321
294
34.5
Income tax
-4.0
12.0
5.6
Effective tax rate
n/a
4.1%
16.2%
Net income
-318
278
27.6
Net margin
-85.9%
29.6%
4.0%
Diluted EPS
-$3.27
$2.64
$0.26
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
13.4
-78.5
4.8
Cash from investing
378
265
-85.3
+42.3%
Cash from financing
-227
53.7
38.1
Share-based compensation
5.0
3.6
8.9
+37.7%
Buybacks
139
40.9
7.4
+239.1%
Diluted shares, weighted
97m
105m
106m
-7.8%
Shares outstanding at period end
94m
103m
107m
-9.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,205
1,656
1,414
-27.3%
Non-controlling interest
0.0
5.4
35.7
Redeemable equity
0.0
108
0.0
Other liabilities
1,882
2,902
2,446
-35.2%
Total liabilities and equity
3,086
4,672
3,896
-33.9%
Cash and equivalents
104
8.2
10.0
+1,171.0%
Other assets
2,982
4,664
3,886
-36.1%
Total assets
3,086
4,672
3,896
-33.9%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.