Filing Flows › SiriusPoint (SPNT) › Q1 2025
SiriusPoint (SPNT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
SiriusPoint (SPNT) reported revenue of $727M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +19% from the quarter before. Operating margin was 10.4%, net earnings $61.6M (8.5% of revenue).
SiriusPoint, Q1 2025: revenue $727M (+6% year over year), operating margin 10.4%, net earnings $61.6M, operating cash flow −$88.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $727M | +19% | +6% |
| Operating profit | $75.3M | — | -29% |
| Net earnings | $61.6M | — | -35% |
| Operating cash flow | −$88.9M | — | — |
What changed
Revenue was $727.3M in Q1 2025, up 6% year over year and up 19% from the previous quarter.
Operating profit was $75.3M, a 10.4% margin (down 5.1 points year over year). Operating profit fell $30.3M even though revenue rose $41.8M versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 6%. Net earnings were $61.6M, down 35% year over year. The effective tax rate was 17.7%.
Operating cash flow was −$88.9M. Non-cash charges added back $7.6M of share-based compensation. Working capital and other items used $158.5M.
Questions
What was SiriusPoint's revenue in the first quarter 2025?
SiriusPoint (SPNT) reported revenue of $727M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +19% from the quarter before.
Was SiriusPoint profitable in the first quarter 2025?
Operating profit was $75.3M (10.4% of revenue) and net earnings $61.6M.
Source: SiriusPoint 10-Q on SEC EDGAR.