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SiriusPoint (SiriusPoint) Sloan Ratio % : 1.50% (As of Mar. 2024)


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What is SiriusPoint Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

SiriusPoint's Sloan Ratio for the quarter that ended in Mar. 2024 was 1.50%.

As of Mar. 2024, SiriusPoint has a Sloan Ratio of 1.50%, indicating the company is in the safe zone and there is no funny business with accruals.


SiriusPoint Sloan Ratio % Historical Data

The historical data trend for SiriusPoint's Sloan Ratio % 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.

* Premium members only.

SiriusPoint Sloan Ratio % Chart

SiriusPoint Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.15 1.82 -1.43 5.66 0.82

SiriusPoint Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.31 5.00 1.31 0.90 1.50

Competitive Comparison of SiriusPoint's Sloan Ratio %

For the Insurance - Reinsurance subindustry, SiriusPoint's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SiriusPoint's Sloan Ratio % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, SiriusPoint's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where SiriusPoint's Sloan Ratio % falls into.



SiriusPoint Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

SiriusPoint's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(354.8-581.3
--332.2)/12871.5
=0.82%

SiriusPoint's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2024 )
=(324.1-542.9
--416.1)/13135.8
=1.50%

SiriusPoint's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 70.3 (Jun. 2023 ) + 61.5 (Sep. 2023 ) + 97.5 (Dec. 2023 ) + 94.8 (Mar. 2024 ) = $324 Mil.
SiriusPoint's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 112.1 (Jun. 2023 ) + 161.6 (Sep. 2023 ) + 213.4 (Dec. 2023 ) + 55.8 (Mar. 2024 ) = $543 Mil.
SiriusPoint's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -303.6 (Jun. 2023 ) + -97.8 (Sep. 2023 ) + 63.1 (Dec. 2023 ) + -77.8 (Mar. 2024 ) = $-416 Mil.

* 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.


SiriusPoint  (NYSE:SPNT) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Mar. 2024, SiriusPoint has a Sloan Ratio of 1.50%, indicating the company is in the safe zone and there is no funny business with accruals.


SiriusPoint Sloan Ratio % Related Terms

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SiriusPoint (SiriusPoint) Business Description

Traded in Other Exchanges
Address
3 Waterloo Lane, Point Building, Pembroke, BMU, HM 08
SiriusPoint Ltd provides property and casualty reinsurance coverage to insurance and reinsurance companies in the United States, 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.
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

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