SiriusPoint Ltd
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
SPNT$27.38+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(expressed in millions of U.S. dollars, except per share and share amounts)
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| September 30, 2024 | September 30, 2023 | September 30, 2024 | September 30, 2023 | |
| Revenues | ||||
| Net premiums earned | $568.9 | $613.0 | $1,753.2 | $1,848.2 |
| Net investment income | 77.7 | 75.1 | 234.7 | 205.3 |
| Net realized and unrealized investment gains (losses) | 6.9 | (7.1) | (48.0) | 2.4 |
| Net realized and unrealized investment gains from related party investment funds | 7.9 | 0.1 | 8.9 | — |
| Net investment income and net realized and unrealized investment gains (losses) | 92.5 | 68.1 | 195.6 | 207.7 |
| Other revenues | 18.1 | 21.8 | 164.8 | 80.0 |
| Loss on settlement and change in fair value of liability-classified capital instruments | (117.3) | (0.3) | (122.6) | (44.4) |
| Total revenues | 562.2 | 702.6 | 1,991.0 | 2,091.5 |
| Expenses | ||||
| Loss and loss adjustment expenses incurred, net | 317.5 | 373.1 | 999.4 | 1,015.9 |
| Acquisition costs, net | 117.5 | 129.5 | 382.3 | 361.0 |
| Other underwriting expenses | 44.9 | 36.6 | 127.8 | 132.1 |
| Net corporate and other expenses | 51.4 | 63.4 | 174.0 | 193.7 |
| Intangible asset amortization | 3.0 | 2.9 | 8.9 | 8.2 |
| Interest expense | 13.8 | 19.8 | 50.0 | 44.3 |
| Foreign exchange (gains) losses | 3.0 | (1.8) | 2.9 | 15.7 |
| Total expenses | 551.1 | 623.5 | 1,745.3 | 1,770.9 |
| Income before income tax expense | 11.1 | 79.1 | 245.7 | 320.6 |
| Income tax expense | (2.4) | (15.3) | (26.3) | (56.6) |
| Net income | 8.7 | 63.8 | 219.4 | 264.0 |
| Net income attributable to noncontrolling interests | (0.2) | (2.3) | (2.2) | (6.7) |
| Net income available to SiriusPoint | 8.5 | 61.5 | 217.2 | 257.3 |
| Dividends on Series B preference shares | (4.0) | (4.0) | (12.0) | (12.0) |
| Net income available to SiriusPoint common shareholders | $4.5 | $57.5 | $205.2 | $245.3 |
| Earnings per share available to SiriusPoint common shareholders | ||||
| Basic earnings per share available to SiriusPoint common shareholders | $0.03 | $0.33 | $1.15 | $1.40 |
| Diluted earnings per share available to SiriusPoint common shareholders | $0.03 | $0.32 | $1.11 | $1.36 |
| Weighted average number of common shares used in the determination of earnings per share | ||||
| Basic | 165,659,401 | 163,738,528 | 168,275,970 | 162,233,695 |
| Diluted | 172,803,298 | 168,516,508 | 174,261,326 | 166,920,744 |
| The accompanying Notes to the Consolidated Financial Statements arean integral part of the Consolidated Financial Statements. | ||||
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