SiriusPoint is a holding company. Through its reinsurance subsidiaries, Co. provides property and casualty reinsurance products to insurance and reinsurance companies. Co. has one segment: Property and Casualty Reinsurance. Co.'s Property and Casualty Reinsurance segment products include: property catastrophe, which is comprised of excess of loss and/or proportional coverages to insurance and reinsurance companies and provides protection to an insured for losses from a single catastrophic event or series of events; other property, which consists of exposure to homeowners' and commercial lines insurance coverage; and auto, which consists of personal and commercial automobile insurance. We show 13 historical shares outstanding datapoints in our SPNT shares outstanding history coverage, used to compute SPNT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SPNT market cap history over the course of time is important for investors
interested in comparing SPNT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SPNT versus a peer is one thing; comparing
SPNT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SPNT can fluctuate over the course of history.
With this page we aim to empower investors researching SPNT by allowing them to research the SPNT market cap history. |
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Video: The Importance of Market Cap
