What is SiriusPoint's redemption of preferred stock?

SiriusPoint (SPNT) reported redemption of preferred stock of $200M in Q1 2026.

What does redemption of preferred stock mean?

Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

SiriusPoint SPNT Redemption of preferred stock

Redemption of preferred stock at other companies

Ondas, Inc. ONDS

$817K+554%

Delek Logistics PartnersDKL

$0-100%

AZZAZZ

$0—

WesBancoWSBC

$36.12M—

OPENLANE, IncOPLN

$139.83M—

Genesis EnergyGEL

$137.2M-47.7%

Other financials

Income statement

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Revenue$774.6M+6.5%

Net income$102.2M+65.9%

EPS (diluted)$0.82+67.3%

Balance sheet

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Cash & equivalents$1.0B+9.2%

Total debt$702.9M+2.2%

Total equity$2.3B+13.7%

Total assets$12.5B+1.6%

Cash flow

See full

Operating cash flow$141.9M+260%

Valuation

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Market cap$2.78B+25.6%

Enterprise value$2.47B+25.1%

P/E5.6×-6.5×

P/S0.9×0.0×

Profitability

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Net margin15.4%+8.4pp

Returns & leverage

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Return on equity23.1%+15.2pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by SiriusPoint in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfRedeemablePreferredStock.

The official record: SiriusPoint’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SiriusPoint's redemption of preferred stock?: SiriusPoint (SPNT) reported redemption of preferred stock of $200M in Q1 2026.
What does redemption of preferred stock mean?: Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.