The company maintains a conservative financial profile with a debt-to-equity ratio of 0.28, providing a stable buffer against the volatility of its $2.3 billion equity base.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Assets | 12.48B | 12.57B | 12.52B | 12.87B | 11.04B | 10.62B | 3.54B | 3.44B | 3.09B | 4.67B | 3.9B | 3.55B | 2.85B | 2.16B | 1.4B | 605.26M |
| Asset Growth % | -2.95% | 0.36% | -2.69% | 16.63% | 3.94% | 200.36% | 2.78% | 11.45% | -33.94% | 19.92% | 9.89% | 24.28% | 32.07% | 54.06% | 131.64% | - |
| Total Investment Assets | 4M | 5.6B | 5.71B | 6.08B | 8.77B | 4.53B | 1.16B | 989.7M | 1.52B | 2.96B | 2.56B | 2.27B | 1.75B | 1.4B | 883.13M | 1.31M |
| Long-Term Investments | 13.39B | 2.98B | 2.58B | 6.08B | 5.15B | 1.37B | 105.3M | 125.07M | 1.52B | 2.96B | 2.56B | 2.27B | 1.75B | 1.4B | 883.13M | 0 |
| Short-Term Investments | 4.89B | 2.62B | 3.12B | 2.72B | 3.62B | 1.08B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 8.37B | 8.43B | 0 | 969.2M | 5.26B | 8.55B | 0 | 0 | 711.39M | 11.76M | 16.46M | 30.78M | 31.34M | 34.24M | 252.16M | 603.84M |
| Cash & Equivalents | 1.01B | 731.2M | 682M | 969.2M | 705.3M | 999.8M | 526M | 639.41M | 104.18M | 8.2M | 9.95M | 20.41M | 28.73M | 31.63M | 34.01M | 603.84M |
| Receivables | 15.99B | 4.42B | 4.42B | 4.31B | 3.3B | 3.2B | 552.1M | 603.82M | 0 | 0 | 6.5M | 0 | 2.6M | 2.62M | 218.15M | 0 |
| Other Current Assets | 0 | 171.2M | -8.69B | 5.3B | 3.62B | 3.04B | -1.1B | -1.26B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 1.68B | 505.3M | 468.3M | 152.7M | 163.8M | 390.7M | 0 | 0 | 203.84M | 258.79M | 221.62M | 197.09M | 155.9M | 91.19M | 45.38M | 0 |
| Goodwill | 18.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 139.8M | 505.3M | 468.3M | 152.7M | 163.8M | 390.7M | 0 | 0 | 203.84M | 258.79M | 221.62M | 197.09M | 155.9M | 91.19M | 45.38M | 0 |
| PP&E (Net) | 0 | 0 | 0 | 25.6M | 25.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.18M | 0 |
| Other Assets | -5.31B | 387.3M | 9.47B | -435.2M | -5.17B | 308.7M | -105.3M | -125.07M | -203.84M | -258.79M | -221.62M | -197.09M | -155.9M | -91.19M | -884.31M | 0 |
| Total Liabilities | 10.18B | 10.1B | 10.59B | 10.34B | 8.95B | 8.12B | 1.97B | 2.03B | 1.88B | 2.9B | 2.45B | 2.15B | 1.3B | 649.49M | 473.7M | 19.84M |
| Total Debt | 702.9M | 688.6M | 639.1M | 786.2M | 778M | 816.7M | 114.3M | 114.09M | 113.91M | 113.73M | 113.56M | 113.38M | 569.65M | 441.42M | 0 | 0 |
| Net Debt | -307.8M | -42.6M | -42.9M | -183M | 72.7M | -183.1M | -411.7M | -525.33M | 9.73M | 105.54M | 103.6M | 92.97M | 540.91M | 409.8M | -34.01M | -603.84M |
| Long-Term Debt | 679.6M | 688.6M | 639.1M | 786.2M | 778M | 816.7M | 114.3M | 114.09M | 113.91M | 113.73M | 113.56M | 113.38M | 0 | 0 | 0 | 0 |
| Short-Term Debt | 5.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 5.32B | 5.94B | 6.2M | 4.89B | 4.34B | 0 | 0 | 76.96M | 846.45M | 113.56M | 611.05M | 349.73M | 63.41M | 71.37M | 19.32M |
| Accounts Payable | 0 | 1.45B | 1.8B | 2.02B | 1.08B | 924.6M | 95.7M | 99.76M | 76.96M | 846.45M | 953.09M | 611.05M | 349.73M | 63.41M | 71.39M | 19.32M |
| Deferred Revenue | 0 | 1.86B | 0 | 0 | -18M | 0 | 0 | 0 | 0 | 816.83M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -5.1M | 2.01B | 4.15B | -2.01B | 3.83B | 3.42B | -98.78M | -102.81M | -79.26M | -1.66B | -956.54M | -611.05M | -349.73M | -63.41M | -72.64M | -19.32M |
| Deferred Taxes | 314.5M | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 |
| Other Liabilities | 6.81B | 4.02B | 3.92B | 9.45B | 3.23B | 2.86B | -115.3M | -114.26M | 0 | 827.79M | 2.33B | 950.87M | 0 | 0 | 0 | 0 |
| Total Equity | 2.3B | 2.47B | 1.94B | 2.53B | 2.08B | 2.5B | 1.57B | 1.41B | 4.46B | 1.77B | 1.45B | 1.4B | 1.55B | 1.51B | 928.32M | 585.42M |
| Equity Growth % | 0.96% | 27.44% | -23.39% | 21.51% | -16.81% | 59.92% | 10.69% | -68.32% | 152.19% | 22.07% | 3.86% | -10.06% | 2.76% | 62.7% | 58.57% | - |
| Shareholders Equity | 2.3B | 2.47B | 1.94B | 2.51B | 2.07B | 2.5B | 1.56B | 1.41B | 1.2B | 1.66B | 1.41B | 1.38B | 1.45B | 1.39B | 868.54M | 585.42M |
| Minority Interest | 1M | 1.1M | 1.4M | 16.7M | 7.9M | -400K | 1.4M | 0 | 3.26B | 113.63M | 35.67M | 16.16M | 100.14M | 118.73M | 59.78M | 0 |
| Retained Earnings | 1.33B | 1.23B | 784.9M | 601M | 262.2M | 665M | 620.4M | 476.95M | 276.33M | 594.02M | 316.22M | 288.59M | 375.98M | 325.58M | 98.27M | -1.13M |
| Common Stock | 11.6M | 11.7M | 11.6M | 16.8M | 16.2M | 16.2M | 9.6M | 9.42M | 9.36M | 10.72M | 10.65M | 10.55M | 10.45M | 10.39M | 7.84M | 7.84M |
| Accumulated OCI | 6.3M | 61.9M | -4.1M | 3.1M | -45M | -200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Equity (ROE) | 22.01% | 20.84% | 8.95% | 15.38% | -16.87% | 2.86% | 9.65% | 6.83% | -10.19% | 17.26% | 1.94% | -5.93% | 3.29% | 18.64% | 13.13% | -0.19% |
| Return on Assets (ROA) | 4.01% | 3.66% | 1.57% | 2.97% | -3.57% | 0.82% | 4.12% | 6.15% | -8.19% | 6.49% | 0.74% | -2.73% | 2.01% | 12.76% | 9.9% | -0.19% |
| Equity / Assets | 18.45% | 19.66% | 15.48% | 19.66% | 18.87% | 23.58% | 44.28% | 41.11% | 144.61% | 37.88% | 37.21% | 39.37% | 54.41% | 69.93% | 66.21% | 96.72% |
| Debt / Equity | 0.31x | 0.28x | 0.33x | 0.31x | 0.37x | 0.33x | 0.07x | 0.08x | 0.03x | 0.06x | 0.08x | 0.08x | 0.37x | 0.29x | - | - |
| Book Value per Share | 18.91 | 20.31 | 11.44 | 14.92 | 13.00 | 16.67 | 16.84 | 15.26 | 45.99 | 16.82 | 13.73 | 13.42 | 14.59 | 16.98 | 9.23 | 5.82 |
| Tangible BV per Share | 17.61 | 16.16 | 8.68 | 14.02 | 11.98 | 14.07 | 16.84 | 15.26 | 43.89 | 14.36 | 11.63 | 11.53 | 13.12 | 15.95 | 8.78 | 5.82 |
Casualty reserve development volatility
As reported in recent financial statements, SiriusPoint's equity base has fluctuated between $1.9 billion and $2.7 billion over the last ten quarters, suggesting that the company's ongoing portfolio remediation and aggressive capital return strategy are creating a volatile trajectory for its net asset value.
The oscillation in equity levels appears to be a direct consequence of balancing underwriting profitability with significant share repurchases. Investors should monitor whether this capital management approach limits the firm's capacity to absorb potential future underwriting shocks as it pivots toward specialty lines.
Based on historical data, loss reserves have shown significant variance, peaking at $531.5 million in 2025Q1 before moderating to $362.9 million in 2026Q1, which indicates that the company is still navigating the tail-end risks of its legacy casualty book while attempting to stabilize its current underwriting results.
The wide range in quarterly loss figures suggests that prior-year reserve adjustments remain a primary driver of earnings volatility. This pattern warrants further investigation into whether the current reserve levels are sufficiently conservative to withstand potential social inflation impacts on long-tail casualty exposures.
According to recent balance sheet disclosures, the company maintains a debt-to-equity ratio of 0.28, which appears to provide a substantial buffer against market volatility and supports the firm's ability to navigate the cyclical nature of the global reinsurance market without immediate reliance on external financing.
This low leverage profile suggests a deliberate strategy to maintain a fortress-like balance sheet while the company executes its turnaround. However, the reliance on equity-method investments in MGAs may obscure the true capital intensity of the business, requiring careful scrutiny of the underlying asset quality.
As indicated by the company's strategic focus, the integration of equity stakes in Managing General Agents creates a unique risk profile, where the balance sheet is exposed to the enterprise value of distribution partners rather than just traditional insurance underwriting risks, warranting further investigation into valuation transparency.
While this model may provide proprietary data flows, it also introduces a layer of non-insurance risk that could complicate the company's solvency profile during market downturns. Investors should consider whether the potential for fee-stream stability is adequately offset by the concentration risk inherent in these strategic partnerships.
Quick answers to the most common questions about buying SPNT stock.
As of 2025, SiriusPoint Ltd. (SPNT) had total assets of $12.57B including $8.43B in current assets.
SiriusPoint Ltd. (SPNT) carries total debt of $688.6M, offset by $3.35B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SiriusPoint Ltd. (SPNT) has total shareholders' equity (book value) of $2.47B ($20.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SiriusPoint Ltd. (SPNT) reported a current ratio of 1.59x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.