COMP <GO>

SPNT vs HCI // EV/EBITDA & P/E VALUATION

SiriusPoint Ltd. (NYSE) VS. HCI Group Inc. (NYSE) • 15-METRIC TALLY: SPNT 4 — HCI 5

■ METRIC PARITY

LAST: $25.95 (+2.69%) • MKT CAP: $3.01B

valuation

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LAST: $198.23 (+1.53%) • MKT CAP: $2.47B

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (SPNT VS. HCI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	SPNT	HCI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	18.60%	30.80%	-12.20	HCI	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	3.40%	17.88%	-14.48	HCI	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	14.40%	35.60%	-21.20	HCI	/net-margins <GO>
Revenue Growth (YoY)	23.10%	20.10%	+3.00	SPNT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.78%	-0.78	HCI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	6/9	-1.00	HCI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	60.0	55.2	+4.84	SPNT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	5.5x	6.5x	-1.00	SPNT	/forward-pe <GO>
Enterprise Scale & Market Cap	$3.01B	$2.47B	$548.7M	SPNT	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	SPNT REV	HCI REV	SPNT GROSS %	HCI GROSS %	SPNT FCF	HCI FCF
FY 2025	$3.21B	$900.9M	—	—	$102.4M	$440.8M
FY 2024	$2.60B	$750.1M	—	—	$74.7M	$327.8M
FY 2023	$2.74B	$550.7M	—	—	$581.3M	$230.7M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

SPNT // BETA —

HCI // BETA —