SiriusPoint Ltd. Common Shares (SPNT)

FairStock Score: 85/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the balance sheet and the price. SiriusPoint is a small, diversified reinsurer. In fiscal Q2 2026, the quarter ended 2026-06-30, it earned $68.6M on $744.1M of revenue, or $0.58 per diluted share, up from $63.2M and $0.50 in fiscal Q2 2025. Fiscal Q1 2026, the quarter ended 2026-03-31, was stronger: $102.2M net income and $0.82 diluted EPS on $774.6M of revenue. For FY2025 ended 2025-12-31, net income was $459.6M and diluted EPS $3.64, versus FY2024 net income of $199.9M and $1.04. That recovery is why FairStock labels it TURNAROUND: returned to profit after a loss within the last three years. At the 2026-10-13 close of $25.24, FairStock shows a P/E of 6.22, P/B of 1.29, ROE of 23.07%, D/E of 0.31, and PEG of 0.73. On those numbers, the price looks inexpensive if earnings are durable. But reinsurance has no wide moat; it is a commodity business driven by underwriting discipline, pricing, and luck with catastrophes. The Piotroski F-Score of 2/9 warns that reported quality is not clean, and revenue growth is only 1.97%. The data lacks the combined ratio, CET1, and NIM, which are essential for judging underwriting and capital strength. I would need consistent book value growth and low reserve surprises before trusting the high ROE. Cheap can be a trap in insurance when reserves are wrong.

In plain English: SiriusPoint is a worldwide insurance and reinsurance company. It is currently profitable, and its profit looks strong compared with the money shareholders have in the business, but sales are almost flat and its financial report card is weak. At $25.24, the shares look cheap compared with recent earnings and only a little above what its net assets are worth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer