SiriusPoint (SPNT) FY2023 results: revenue $2.7 billion, up 30.0% on the year
SiriusPoint Ltd. (SPNT) reported revenue of $2.7 billion for fiscal 2023, the year ended 31 December 2023, up 30.0% on the year before. Net income was $355 million, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2024.
Revenue
$2.7 billion
+30.0% on the year
FY2016FY2023
Operating margin
11.6%
-20.1% a year earlier
FY2016FY2023
Net income
$355 million
FY2016FY2023
Diluted EPS
$1.85
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
581
293
1.6
+98.2%
Cash from investing
-332
-1,304
209
Cash from financing
-61.5
-23.7
24.3
Share-based compensation
21.4
30.5
11.4
-29.8%
Buybacks
0.0
5.0
0.0
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
170m
160m
150m
+5.9%
Shares outstanding at period end
168m
162m
162m
+3.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,514
2,075
2,504
+21.2%
Non-controlling interest
16.7
7.9
-0.4
+111.4%
Debt
786
778
817
+1.1%
Other liabilities
9,555
8,176
7,298
+16.9%
Total liabilities and equity
12,872
11,036
10,618
+16.6%
Intangible assets
153
164
172
-6.8%
Securities held for sale or to maturity
4,755
2,636
0.0
+80.4%
Cash and equivalents
969
705
1,000
+37.4%
Other assets
6,994
7,532
9,447
-7.1%
Total assets
12,872
11,036
10,618
+16.6%
10-K for the year ended 31 December 2023, filed 29 February 2024: the filing.