SPNT Earnings Prediction
The chart below shows how SPNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SPNT sees a +0.21% change in stock price 10 days leading up to the earnings, and a +6.66% change 10 days following the report. On the earnings day itself, the stock moves by -1.92%. This data can give you a slight idea of what to expect for the next quarter's release.
SPNT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
680.20M
-4.75%
-12.75%
Gross Margin
--
--
--
Operating Margin
21.45%
41.03%
-9.42%
Net Margin
1.28%
-85.67%
-91.31%
EPS
0.03
-90.63%
-94.74%
No Data Available
SPNT Earnings Analysis
SiriusPoint Ltd. Corporation (SPNT.N) Earnings Conference Call
Positive
Strong Quarter Performance: This has been another strong quarter of delivery for Sirius Point.
Underwriting Profit Achievement: This will now be our eighth consecutive quarter of underwriting profit, delivering a combined ratio of 88.5%, despite the impact of Hurricane Helene.
Quarterly Improvement Highlight: This marks a 4-point improvement versus the previous year quarter, which is significant.
ROE Performance Update: Our annualized underlying ROE at nine months 2024 is 14.4% and well within our stated target range of 12% to 15%.
Year-over-Year Growth: We delivered 10% year-over-year growth for our continuing lines of business.
Negative
Quarterly Net Loss: The company reported a net loss of $11 million for the quarter, primarily related to Hurricane Helene.
Catastrophe Loss Comparison: Catastrophe losses for the quarter were $11 million compared to $7 million in the prior year quarter.
Hurricane Milton Financial Impact: The estimated losses related to Hurricane Milton are expected to be between $30 million to $40 million, impacting future financial results.
Revenue Decline Analysis: The net service fee income related to Arcadian remains unchanged, but the overall revenue has decreased quarter-over-quarter due to the consolidation of Arcadian.
Liability Impact Analysis: The company experienced a significant impact from liability classified capital instruments, amounting to $117 million.
SPNT FAQs
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SPNT Earning Call Sentiment
SiriusPoint Ltd. (SPNT) Q3 2024 Earnings Call Transcript
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SPNT.N
0.62%Positive
The earnings call highlights several positive aspects: a strong combined ratio improvement, premium growth, successful MGA partnerships, and a solid investment income outlook. Despite some risks such as catastrophe losses and market pressures, the company's strategic initiatives and financial health appear robust. The share repurchase program also adds to shareholder value. Given the market cap of $2.1 billion, the positive factors are likely to lead to a moderate stock price increase over the next two weeks, hence a 'Positive' sentiment rating is appropriate.
