SPNT (SiriusPoint) Retained Earnings : $806 Mil (As of Sep. 2024)

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What is SiriusPoint Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SiriusPoint's retained earnings for the quarter that ended in Sep. 2024 was $806 Mil.

SiriusPoint's quarterly retained earnings increased from Mar. 2024 ($692 Mil) to Jun. 2024 ($802 Mil) and increased from Jun. 2024 ($802 Mil) to Sep. 2024 ($806 Mil).

SiriusPoint's annual retained earnings declined from Dec. 2021 ($665 Mil) to Dec. 2022 ($262 Mil) but then increased from Dec. 2022 ($262 Mil) to Dec. 2023 ($601 Mil).

SiriusPoint Retained Earnings Historical Data

The historical data trend for SiriusPoint's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SiriusPoint Retained Earnings Chart

SiriusPoint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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476.95

620.40

665.00

262.20

601.00

SiriusPoint Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															507.50	601.00	691.80	801.70	806.20

SiriusPoint Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

SiriusPoint (NYSE:SPNT) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

SiriusPoint Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SiriusPoint Ltd (NYSE:SPNT) » Definitions » Retained Earnings

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SPNTpB.PFD:USA 3XPA:Germany

Address

3 Waterloo Lane, Point Building, Pembroke, BMU, HM 08

Website

https://www.siriuspt.com

SiriusPoint Ltd provides property and casualty reinsurance coverage to insurance and reinsurance companies in the United States, Canada, Bermuda, the United Kingdom, and Europe. The company operates through two operating segments: Reinsurance and Insurance & Services. The company's product portfolio consists of reinsurance contracts for property insurance including both residential and commercial properties, workers' compensation, personal automobile, businesses' general liability insurance, professional liability insurance to protect professional advisors and service providers, agriculture insurance, and mortgage insurance. The majority of the revenue is generated from its Insurance & Services segment.

Executives

Wei Han Tan	director	SUITE 1307, BEA TOWER, 66 HUA YUAN SHI QIAO ROAD, SHANGHAI F4 200120
De La Gueronniere Rafe	director	THE WATERFRONT, CHESNEY HOUSE, 96 PITTS BAY ROAD, PEMBROKE D0 HM 08
Mehdi Mahmud	director	1345 AVENUES OF AMERICAS, 48TH FLOOR, NEW YORK NY 10105
Daniel S Loeb	director	THIRD POINT LLC, 390 PARK AVENUE, NEW YORK NY 10022
Bronislaw Edmund Masojada	director	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Robin Gibbs	officer: CEO, SiriusPoint International	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Gretchen A. Hayes	director	POINT HOUSE, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Stephen Yendall	officer: Chief Financial Officer	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Scott Egan	director, officer: Chief Executive Officer	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Jason Robart	director	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Andreas Kull	officer: Chief Risk Officer	POINT BUILDING, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Daniel V. Malloy	officer: EVP, Underwriting	THE WATERFRONT, CHESNEY HOUSE, 96 PITTS BAY ROAD, PEMBROKE D0 HM 08
Anthony L Lehan	officer: Chief Accounting Officer	POINT HOUSE, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Ming Zhang	officer: Chief Investment Officer	POINT HOUSE, 3 WATERLOO LANE, PEMBROKE D0 HM 08
Franklin Iv Montross	director	POINT HOUSE, 3 WATERLOO LANE, PEMBROKE D0 HM 08