SPNTSiriusPoint Ltd
Fire, Marine & Casualty Insurance
- Revenue
- $3.2B
- 23% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $61M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired22% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired479% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $2.7B | $2.6B | $3.2B | 23% |
| Net income | $58M | −$387M | $355M | $200M | $460M | 130% |
| Operating cash flow | $2M | $293M | $581M | $75M | $102M | 37% |
| Stock-based comp | $11M | $31M | $21M | $21M | $36M | 73% |
| Buybacks | $0 | $5M | $0 | $300M | $491M | 64% |
| Dividends | $0 | $0 | $0 | $0 | $0 |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 230 | 233 |
| FY2024 | — | — | 172 | 213 |
| FY2023 | — | — | 122 | 159 |
| FY2022 | — | — | 62 | 140 |
| FY2021 | — | — | 85 | 122 |