SiriusPoint (SPNT) FY2020 results: revenue $890 million, down 9.5% on the year
SiriusPoint Ltd. (SPNT) reported revenue of $890 million for fiscal 2020, the year ended 31 December 2020, down 9.5% on the year before. Net income was $144 million, down 28.5%, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2021.
Revenue
$890 million
-9.5% on the year
FY2013FY2020
Operating margin
17.1%
20.5% a year earlier
FY2013FY2020
Net income
$144 million
-28.5% on the year
FY2013FY2020
Diluted EPS
$1.53
-29.2% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
890
983
370
-9.5%
Operating income
152
201
-321
-24.5%
Operating margin
17.1%
20.5%
-86.9%
Interest expense
8.2
8.2
8.2
0.0%
Pre-tax income
152
201
-321
-24.5%
Income tax
8.1
0.7
-4.0
+1,058.3%
Effective tax rate
5.3%
0.3%
n/a
Net income
144
201
-318
-28.5%
Net margin
16.1%
20.4%
-85.9%
Diluted EPS
$1.53
$2.16
-$3.27
-29.2%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
73.4
141
13.4
-48.0%
Cash from investing
6.0
787
378
-99.2%
Cash from financing
-19.4
12.6
-227
Share-based compensation
6.6
7.0
5.0
-5.7%
Buybacks
0.0
0.0
139
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
93m
93m
97m
+0.3%
Shares outstanding at period end
96m
94m
94m
+1.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,564
1,414
1,205
+10.6%
Non-controlling interest
1.4
0.0
0.0
Redeemable equity
n/a
n/a
0.0
Debt
114
n/a
n/a
Other liabilities
1,856
1,832
1,882
+1.3%
Total liabilities and equity
3,535
3,246
3,086
+8.9%
Intangible assets
0.0
n/a
n/a
Cash and equivalents
526
639
104
-17.7%
Other assets
3,009
2,606
2,982
+15.5%
Total assets
3,535
3,246
3,086
+8.9%
10-K for the year ended 31 December 2020, filed 23 February 2021: the filing.