SiriusPoint Ltd. Cost of Revenue

Cost of Revenue of SPNT for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending March 31, 2022 was $449 Million (a -0.11% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue increased by 24.37%
  • Annual Cost of Revenue for 2021 was $1.71 Billion (a 162.77% increase from previous year)
  • Annual Cost of Revenue for 2020 was $652 Million (a -6.68% decrease from previous year)
  • Annual Cost of Revenue for 2019 was $699 Million (a 8.4% increase from previous year)
  • Twelve month Cost of Revenue ending March 31, 2022 was $1.95 Billion (a 13.57% increase compared to previous quarter)
  • Twelve month trailing Cost of Revenue increased by 103.0% year-over-year
Trailing Cost of Revenue for the last four month:
31 Mar '22 31 Dec '21 30 Sep '21 30 Jun '21
$1.95 Billion $1.71 Billion $1.48 Billion $959 Million
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Historical Cost of Revenue of SiriusPoint Ltd.

Most recent Cost of Revenueof SPNT including historical data for past 10 years.

Interactive Chart of Cost of Revenue of SiriusPoint Ltd.

SiriusPoint Ltd. Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2022 $448.6
2021 $449.1 $688.6 $360.7 $215.9 $1,714.3
2020 $217.2 $165.3 $132.8 $137.1 $652.4
2019 $202.22 $203.97 $140.34 $152.57 $699.1
2018 $229.76 $129.55 $141.58 $144.03 $644.91
2017 $131.35 $111.25 $176.02 $140.35 $558.96
2016 $198.96 $130.14 $152.61 $136.36 $618.08
2015 $137.41 $209.05 $123.55 $136.4 $606.41
2014 $176.24 $98.43 $73.99 $71.69 $420.35
2013 $54.97 $60.47 $60.61 $31.71 $207.76
2012 $35.57 $104.91

Business Profile of SiriusPoint Ltd.

Sector: Financial Services
Industry: Insurance Reinsurance
SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Insurance & Services segment offers coverage to various product lines comprising accident and health, environmental, workers' compensation, and other lines of business, including a cross section of property and casualty lines. The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021. SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.