Filing Flows › SiriusPoint (SPNT) › Q1 2026
SiriusPoint (SPNT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
SiriusPoint (SPNT) reported revenue of $775M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -20% from the quarter before. Operating margin was 15.7%, net earnings $102M (13.2% of revenue).
SiriusPoint, Q1 2026: revenue $775M (+6% year over year), operating margin 15.7%, net earnings $102M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $775M | -20% | +7% |
| Operating profit | $122M | -57% | +61% |
| Net earnings | $102M | -58% | +65% |
| Operating cash flow | $142M | — | — |
What changed
Revenue was $774.6M in Q1 2026, up 7% year over year and down 20% from the previous quarter.
Operating profit was $121.5M, a 15.7% margin (up 5.3 points year over year). Of the extra revenue versus Q1 2025, 98% reached operating profit, above the 10% margin then. Total costs grew 0% against revenue growth of 7%. Net earnings were $102.2M, up 66% year over year. The effective tax rate was 15.8%.
Operating cash flow was $141.9M, 139% of net earnings. Non-cash charges added back $10.5M of share-based compensation. Working capital and other items added $29.1M.
Questions
What was SiriusPoint's revenue in the first quarter 2026?
SiriusPoint (SPNT) reported revenue of $775M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -20% from the quarter before.
Was SiriusPoint profitable in the first quarter 2026?
Operating profit was $122M (15.7% of revenue) and net earnings $102M.
Source: SiriusPoint 10-Q on SEC EDGAR.