SiriusPoint Ltd (SPNT) stock analysis

SPNTNYSEFire, Marine & Casualty InsuranceFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 13/3013% below fair value

$27.05−0.33 (-1.21%)

Close on Nov 11, 2026Market cap $3.14BP/E 6.8Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Mixed13 of 30 checks passed

SiriusPoint passes 13 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation: 5/6
Growth: 3/6
Past performance: 5/6
Financial health: 0/6
Dividend: 0/6

What stands out

Trading below fair value
The share price of $27.05 is below our fair value estimate of $31.19.
Earnings grew over 5 years
Net income grew 26.2% a year on average over the last five fiscal years.
Revenue growing 10%+ a year
Revenue grew 15.0% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 153% over the last twelve months, against a 5-year average of 26.2% a year.

What to watch

Margin of safety under 20%
The price is 13.3% below fair value, less than the 20% cushion we look for.
Return on equity under 15%
Return on equity was 22.6% over the last twelve months and averaged 6.3% over five years; we look for 15% on both.
No dividend
SiriusPoint has not paid a dividend in the last twelve months.

Valuation5/6

P/E below its 5-year median
SiriusPoint's P/E of 6.8 is below its own 5-year median of 9.1.
P/E below the industry
SiriusPoint's P/E of 6.8 is below the Fire, Marine, and Casualty Insurance median of 10.4.
P/S below the industry
SiriusPoint's price-to-sales of 0.94 is below the Fire, Marine, and Casualty Insurance median of 1.28.
P/B below the industry
SiriusPoint's price-to-book of 1.41 is below the Fire, Marine, and Casualty Insurance median of 1.62.
Trading below fair value
The share price of $27.05 is below our fair value estimate of $31.19.
Margin of safety under 20%
The price is 13.3% below fair value, less than the 20% cushion we look for.

Growth3/6

Revenue growing 10%+ a year
Revenue grew 15.0% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings growth accelerating
Net income grew 153% over the last twelve months, against a 5-year average of 26.2% a year.
Growing faster than the industry
Revenue grew 18.1% over the last twelve months; the Fire, Marine, and Casualty Insurance median is 5.0%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
Banks and insurers do not report gross profit.

Past performance5/6

Return on equity under 15%
Return on equity was 22.6% over the last twelve months and averaged 6.3% over five years; we look for 15% on both.
Return on assets over 1%
Return on assets was 4.0%; for a bank or insurer, 1% or more is considered good.
Return on equity above the industry
SiriusPoint's return on equity of 22.6% is above the Fire, Marine, and Casualty Insurance median of 15.9%.
Earnings grew over 5 years
Net income grew 26.2% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 14.9% over the last twelve months, against a 5-year average of 3.9%.
Net margin above the industry
SiriusPoint's net margin of 14.9% is above the Fire, Marine, and Casualty Insurance median of 12.0%.

Financial health0/6

Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest coverage
Interest expense is not reported separately.
Short-term liquidity
Insurers do not split assets into current and non-current.
Bankruptcy risk (Altman Z)
The Altman model does not apply to insurers.

Dividend0/6

No dividend
SiriusPoint has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$31.19

The share price is 13% below this estimate.

20%+ below

Near fair value

20%+ above

$27.05Price$31.19Fair value

Method	Multiple used	Own 5Y median	Industry median	Value per share	Weight
P/E	9.8×	9.1×	10.4×	$38.84	50%
P/B	1.2×	0.8×	1.6×	$23.55	50%
Fair value				$31.19	100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

P/E at month end
Own 5-year median 9.1
Fire, Marine, and Casualty Insurance median 10.4

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day: $22.90M
Value traded per 1% price move: $21.32M

Downside

Low risk

Typical loss in a bad month: 11.3%
Volatility (annualized): 27%
Sharpe ratio, 1 year: 1.10
Beta to the S&P 500 (5Y): 0.62

Typical bad-month loss, week by week

Margins

Share of revenue, fiscal years 2011 to 2025

Net margin

14.3%−1.8 pts over 5 years

Per year	1 year	3 years	5 years	10 years
Revenue	+23.1%	+15.0%	+29.2%	+18.8%
Net income	+129.9%	–	+26.2%	–
EPS, diluted	+250.0%	–	+18.9%	–

Measure	FY2016	FY2020	FY2025
Return on equity	2.0%	9.6%	20.9%
Return on assets	0.7%	4.1%	3.7%
Diluted shares	106M	93M	122M

DuPont analysis

Return on equity split into margin, efficiency and leverage

Net margin14.3%

Asset turnover0.26×

Equity multiplier5.69×

Return on equity, FY202520.9%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	14.3%	0.26×	5.69×	20.9%
FY2024	7.7%	0.21×	5.71×	9.0%
FY2023	13.0%	0.23×	5.21×	15.5%
FY2022	-18.4%	0.19×	4.73×	-16.9%
FY2021	2.7%	0.31×	3.48×	2.9%
FY2020	16.1%	0.26×	2.34×	9.6%
FY2019	20.4%	0.30×	2.49×	15.3%
FY2018	-85.9%	0.10×	2.71×	-22.2%
FY2017	29.6%	0.22×	2.79×	18.1%
FY2016	4.0%	0.19×	2.66×	2.0%