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Bermuda-based specialty insurer and reinsurer writing property, casualty and accident/health risks globally.
Bermuda-based specialty insurer and reinsurer writing property, casualty and accident/health risks globally.
Takes risk from insurers that pass it a share of their policies, and from specialty programs written through managing general agents, firms that source and price business on its behalf. Premiums are invested until claims are paid, so investment income matters too. It was formed in 2021 when Third Point Re combined with Sirius International.
Moat: none (scale). Reinsurance/specialty underwriting is largely commoditized and cyclical, with limited pricing power.
Headquarters: Hamilton, Bermuda · Founded: 2020 · Employees: 1,099
Size SiriusPoint (SPNT) is a United States Financials company (Property/Casualty Insurance) with a market value of $3.06B, the 1540th largest of 3,117 United States companies the cockpit tracks. Shares closed at $26.33 on 6 Nov 2026.
Performance Over six months the shares gained 12.3%, against +18.1% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 22.6% over the last twelve months (peer median +5.5%); the operating margin is 21.0% (peer median 17.8%).
Valuation It trades at 1.34× book value against a peer median of 1.78× (5th cheapest of 21).
Price implies The share price implies a return on equity of about 9.5%; SiriusPoint delivers 23.1%, so the price asks less than the business earns today.
Credit SiriusPoint has 1 bond outstanding ($400M), rated BBB by the agencies and trading like BB at a weighted spread of 134 bp.
Short interest Short interest is 4.8% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.25B | $3.21B | $2.60B | $2.74B | $2.11B |
| Revenue growth | — | +23% | -5% | +30% | — |
| Net income | $506M | $460M | $200M | $355M | -$387M |
| Free cash flow | $242M | $96.1M | $64.9M | $581M | $286M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $701M | $713M | $1.15B | $815M | $826M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SiriusPoint SPNT | $3.06B | +12% | +23% | 23% | 1.34× | 9.5% |
| RenaissanceRe RNR | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% |
| Everest EG | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SPNT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | +7.7% | 9th lowest of 21 |
| 6-month return | +12.3% | +18.1% | 8th lowest of 21 |
| Return on equity | 23.1% | 15.4% | 6th highest of 20 |
| Price / book | 1.34× | 1.78× | 5th cheapest of 21 |
| Trailing P/E | 6.4× | 11.9× | 3rd cheapest of 18 |
| ROE the price implies | 9.5% | 9.6% | 11th least demanding of 21 |
| ROE delivered | 23.1% | 17.1% | 6th highest of 19 |
| Bond spread | 134 bp | 125 bp | 3rd widest of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SiriusPoint SPNT | United States | $3.06B | +12% | +23% | 23% | 1.34× | 9.5% | 23.1% |
| NMI NMIH | United States | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% | 15.4% |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| Palomar PLMR | United States | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% | 22.2% |
| Porch PRCH | United States | $2.26B | +80% | +20% | n/a | 345.11× | 5,821.2% | n/a |
| Lancashire LRE.L | United Kingdom | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% | 21.8% |
| Protector Forsikring PROT.OL | Norway | $4.19B | +4% | +12% | 35% | 5.34× | 18.1% | 35.2% |
| Accelerant ARX | United States | $4.32B | +19% | +55% | -380% | 6.01× | 23.2% | -380.1% |
| Horace Mann Educators HMN | United States | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% | n/a |
| Mercury General MCY | United States | $4.58B | -17% | +5% | 26% | 1.63× | 13.7% | 25.5% |
| Kemper KMPR | United States | $1.97B | +10% | -4% | -19% | 0.90× | 9.4% | -19.3% |
| MGIC Investment MTG | United States | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% | 13.9% |
| Selective Insurance SIGI | United States | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% | 14.7% |
| Safety Insurance SAFT | United States | $1.53B | +46% | +7% | 8% | 1.75× | 8.9% | 7.8% |
| Hagerty HGTY | United States | $6.18B | +79% | +1% | 5% | 8.42× | 53.7% | 4.6% |
| Shinkong Insurance 2850.TW | Taiwan | $1.51B | +21% | +22% | 24% | 2.27× | 6.6% | 24.0% |
| Definity Financial DFY.TO | Canada | $6.47B | +14% | +35% | 12% | 2.13× | 7.6% | 11.7% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |
| Universal Insurance UVE | United States | $1.29B | +19% | +6% | 41% | 2.00× | 13.1% | 40.8% |
SiriusPoint has 1 bond outstanding with $400M face value. The agencies rate it BBB; its bonds trade like BB. Weighted yield 5.88%, a spread of 134 bp over government bonds.