SiriusPoint (SPNT) FY2019 results: revenue $983 million, up 165.6% on the year
SiriusPoint Ltd. (SPNT) reported revenue of $983 million for fiscal 2019, the year ended 31 December 2019, up 165.6% on the year before. Net income was $201 million, and diluted earnings per share $2.16. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$983 million
+165.6% on the year
FY2012FY2019
Operating margin
20.5%
-86.9% a year earlier
FY2012FY2019
Net income
$201 million
FY2012FY2019
Diluted EPS
$2.16
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
983
370
939
+165.6%
Operating income
201
-321
294
Operating margin
20.5%
-86.9%
31.3%
Interest expense
8.2
8.2
8.2
-0.3%
Pre-tax income
201
-321
294
Income tax
0.7
-4.0
12.0
Effective tax rate
0.3%
n/a
4.1%
Net income
201
-318
278
Net margin
20.4%
-85.9%
29.6%
Diluted EPS
$2.16
-$3.27
$2.64
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
141
13.4
-78.5
+954.1%
Cash from investing
787
378
265
+108.4%
Cash from financing
12.6
-227
53.7
Share-based compensation
7.0
5.0
3.6
+41.2%
Buybacks
0.0
139
40.9
Diluted shares, weighted
93m
97m
105m
-4.5%
Shares outstanding at period end
94m
94m
103m
+0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,414
1,205
1,656
+17.4%
Non-controlling interest
0.0
0.0
5.4
Redeemable equity
n/a
0.0
108
Other liabilities
1,832
1,882
2,902
-2.7%
Total liabilities and equity
3,246
3,086
4,672
+5.2%
Cash and equivalents
639
104
8.2
+513.7%
Other assets
2,606
2,982
4,664
-12.6%
Total assets
3,246
3,086
4,672
+5.2%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.