SiriusPoint Ltd
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
As of September 30, 2024 and December 31, 2023
(expressed in millions of U.S. dollars, except per share and share amounts)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Debt securities, available for sale, at fair value, net of allowance for credit losses of $0.0 (2023 - $0.0) (cost - $5,316.3; 2023 - $4,754.6) | $5,411.8 | $4,755.4 |
| Debt securities, trading, at fair value (cost - $250.3; 2023 - $568.1) | 233.1 | 534.9 |
| Short-term investments, at fair value (cost - $52.2; 2023 - $370.8) | 52.4 | 371.6 |
| Investments in related party investment funds, at fair value | 114.5 | 105.6 |
| Other long-term investments, at fair value (cost - $329.8; 2023 - $358.1) (includes related party investments at fair value of $146.5 (2023 - $173.7)) | 236.1 | 310.1 |
| Total investments | 6,047.9 | 6,077.6 |
| Cash and cash equivalents | 640.7 | 969.2 |
| Restricted cash and cash equivalents | 174.5 | 132.1 |
| Redemption receivable from related party investment fund | — | 3.0 |
| Due from brokers | 13.9 | 5.6 |
| Interest and dividends receivable | 49.4 | 42.3 |
| Insurance and reinsurance balances receivable, net | 2,069.1 | 1,966.3 |
| Deferred acquisition costs, net | 330.0 | 308.9 |
| Unearned premiums ceded | 467.2 | 449.2 |
| Loss and loss adjustment expenses recoverable, net | 2,198.7 | 2,295.1 |
| Deferred tax asset | 249.2 | 293.6 |
| Intangible assets | 143.8 | 152.7 |
| Other assets | 298.1 | 175.9 |
| Total assets | $12,682.5 | $12,871.5 |
| Liabilities | ||
| Loss and loss adjustment expense reserves | $5,702.1 | $5,608.1 |
| Unearned premium reserves | 1,684.0 | 1,627.3 |
| Reinsurance balances payable | 1,509.6 | 1,736.7 |
| Deposit liabilities | 20.2 | 134.4 |
| Deferred gain on retroactive reinsurance | 21.7 | 27.9 |
| Debt | 660.5 | 786.2 |
| Due to brokers | 23.1 | 6.2 |
| Deferred tax liability | 38.9 | 68.7 |
| Liability-classified capital instruments | 58.4 | 67.3 |
| Accounts payable, accrued expenses and other liabilities | 267.5 | 278.1 |
| Total liabilities | 9,986.0 | 10,340.9 |
| Commitments and contingent liabilities | ||
| Shareholders’ equity | ||
| Series B preference shares (par value $0.10; authorized and issued: 8,000,000) | 200.0 | 200.0 |
| Common shares (issued and outstanding: 161,866,867; 2023 - 168,120,022) | 16.2 | 16.8 |
| Additional paid-in capital | 1,591.0 | 1,693.0 |
| Retained earnings | 806.2 | 601.0 |
| Accumulated other comprehensive income, net of tax | 81.5 | 3.1 |
| Shareholders’ equity attributable to SiriusPoint shareholders | 2,694.9 | 2,513.9 |
| Noncontrolling interests | 1.6 | 16.7 |
| Total shareholders’ equity | 2,696.5 | 2,530.6 |
| Total liabilities, noncontrolling interests and shareholders’ equity | $12,682.5 | $12,871.5 |
| The accompanying Notes to the Consolidated Financial Statements arean integral part of the Consolidated Financial Statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.