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Change in accounting policy (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract] |
Schedule of the retrospective impact from the change in accounting policy | The following tables provide a summary of the retrospective impact from the change in accounting policy on the Company’s consolidated financial statements: Consolidated balance sheet
|  | December 31, 2020
|  | As previously reported |  | Adjustment |  | As adjusted
Insurance and reinsurance balances receivable, net |  | $ | 559,388 |  |  | $ | (117,453) |  |  | $ | 441,935 |
Deferred acquisition costs, net |  | 134,308 |  |  | (65,758) |  |  | 68,550 |
Unearned premiums ceded |  | 27,659 |  |  | (7,195) |  |  | 20,464 |
Total assets |  | 3,725,594 |  |  | (190,406) |  |  | 3,535,188 |
Reinsurance balances payable |  | 80,408 |  |  | (2,293) |  |  | 78,115 |
Unearned premium reserves |  | 472,948 |  |  | (188,113) |  |  | 284,835 |
Total liabilities |  | 2,160,308 |  |  | (190,406) |  |  | 1,969,902 |
Shareholders’ equity attributable to SiriusPoint common shareholders |  | $ | 1,563,925 |  |  | $ | — |  |  | $ | 1,563,925 |
|  | December 31, 2019
|  | As previously reported |  | Adjustment |  | As adjusted
Insurance and reinsurance balances receivable, net |  | $ | 596,120 |  |  | $ | (117,668) |  |  | $ | 478,452 |
Deferred acquisition costs, net |  | 154,717 |  |  | (62,553) |  |  | 92,164 |
Unearned premiums ceded |  | 16,945 |  |  | (13,822) |  |  | 3,123 |
Total assets |  | 3,439,694 |  |  | (194,043) |  |  | 3,245,651 |
Reinsurance balances payable |  | 81,941 |  |  | (5,425) |  |  | 76,516 |
Unearned premium reserves |  | 524,768 |  |  | (188,618) |  |  | 336,150 |
Total liabilities |  | 2,025,620 |  |  | (194,043) |  |  | 1,831,577 |
Shareholders’ equity attributable to SiriusPoint common shareholders |  | $ | 1,414,074 |  |  | $ | — |  |  | $ | 1,414,074 |
Consolidated statement of income (loss)
|  |  |  | Year ended December 31, 2020
|  |  |  |  |  |  |  | As previously reported |  | Adjustment |  | As adjusted
Gross premiums written |  |  |  |  |  |  |  | $ | 588,035 |  |  | $ | 505 |  |  | $ | 588,540 |
Gross premiums ceded |  |  |  |  |  |  |  | (39,717) |  |  | (6,627) |  |  | (46,344) |
Net premiums written |  |  |  |  |  |  |  | 548,318 |  |  | (6,122) |  |  | 542,196 |
Change in net unearned premium reserves |  |  |  |  |  |  |  | 62,534 |  |  | 6,122 |  |  | 68,656 |
Net premiums earned |  |  |  |  |  |  |  | $ | 610,852 |  |  | $ | — |  |  | $ | 610,852 |
Net income available to SiriusPoint common shareholders |  |  |  |  |  |  |  | $ | 143,517 |  |  | $ | — |  |  | $ | 143,517 |
|  |  |  | Year ended December 31, 2019
|  |  |  |  |  |  |  | As previously reported |  | Adjustment |  | As adjusted
Gross premiums written |  |  |  |  |  |  |  | $ | 631,846 |  |  | $ | 36,568 |  |  | $ | 668,414 |
Gross premiums ceded |  |  |  |  |  |  |  | (9,265) |  |  | (2,111) |  |  | (11,376) |
Net premiums written |  |  |  |  |  |  |  | 622,581 |  |  | 34,457 |  |  | 657,038 |
Change in net unearned premium reserves |  |  |  |  |  |  |  | 77,561 |  |  | (34,457) |  |  | 43,104 |
Net premiums earned |  |  |  |  |  |  |  | $ | 700,142 |  |  | $ | — |  |  | $ | 700,142 |
Net income available to SiriusPoint common shareholders |  |  |  |  |  |  |  | $ | 200,619 |  |  | $ | — |  |  | $ | 200,619 |
|  |  |  | Year ended December 31, 2018
|  |  |  |  |  |  |  | As previously reported |  | Adjustment |  | As adjusted
Gross premiums written |  |  |  |  |  |  |  | $ | 578,252 |  |  | $ | 71,935 |  |  | $ | 650,187 |
Gross premiums ceded |  |  |  |  |  |  |  | (19,895) |  |  | 15,726 |  |  | (4,169) |
Net premiums written |  |  |  |  |  |  |  | 558,357 |  |  | 87,661 |  |  | 646,018 |
Change in net unearned premium reserves |  |  |  |  |  |  |  | 63,085 |  |  | (87,661) |  |  | (24,576) |
Net premiums earned |  |  |  |  |  |  |  | $ | 621,442 |  |  | $ | — |  |  | $ | 621,442 |
Net loss attributable to SiriusPoint common shareholders |  |  |  |  |  |  |  | $ | (317,692) |  |  | $ | — |  |  | $ | (317,692) |
Consolidated statement of cash flows
|  |  |  | Year ended December 31, 2020
|  |  |  |  |  |  |  | As previously reported |  | Adjustment |  | As adjusted
Insurance and reinsurance balances receivable |  |  |  |  |  |  |  | $ | 38,825 |  |  | $ | (215) |  |  | $ | 38,610 |
Deferred acquisition costs, net |  |  |  |  |  |  |  | 20,409 |  |  | 3,205 |  |  | 23,614 |
Unearned premiums ceded |  |  |  |  |  |  |  | (10,714) |  |  | (6,627) |  |  | (17,341) |
Unearned premium reserves |  |  |  |  |  |  |  | (51,820) |  |  | 505 |  |  | (51,315) |
Reinsurance balances payable |  |  |  |  |  |  |  | (1,352) |  |  | 3,132 |  |  | 1,780 |
Net cash provided by operating activities |  |  |  |  |  |  |  | $ | 73,356 |  |  | $ | — |  |  | $ | 73,356 |
|  |  |  | Year ended December 31, 2019
|  |  |  |  |  |  |  | As previously reported |  | Adjustment |  | As adjusted
Insurance and reinsurance balances receivable |  |  |  |  |  |  |  | $ | 30,039 |  |  | $ | (9,684) |  |  | 20,355 |
Deferred acquisition costs, net |  |  |  |  |  |  |  | 49,125 |  |  | (24,343) |  |  | 24,782 |
Unearned premiums ceded |  |  |  |  |  |  |  | 607 |  |  | (2,111) |  |  | (1,504) |
Unearned premium reserves |  |  |  |  |  |  |  | (78,168) |  |  | 36,568 |  |  | (41,600) |
Reinsurance balances payable |  |  |  |  |  |  |  | 11,964 |  |  | (430) |  |  | 11,534 |
Net cash provided by operating activities |  |  |  |  |  |  |  | $ | 141,112 |  |  | $ | — |  |  | $ | 141,112 |
|  |  |  | Year ended December 31, 2018
|  |  |  |  |  |  |  | As previously reported |  | Adjustment |  | As adjusted
Insurance and reinsurance balances receivable |  |  |  |  |  |  |  | $ | (120,620) |  |  | $ | (36,594) |  |  | $ | (157,214) |
Deferred acquisition costs, net |  |  |  |  |  |  |  | 54,951 |  |  | (46,205) |  |  | 8,746 |
Unearned premiums ceded |  |  |  |  |  |  |  | (16,503) |  |  | 15,726 |  |  | (777) |
Unearned premium reserves |  |  |  |  |  |  |  | (46,582) |  |  | 71,935 |  |  | 25,353 |
Reinsurance balances payable |  |  |  |  |  |  |  | 28,728 |  |  | (4,862) |  |  | 23,866 |
Net cash provided by operating activities |  |  |  |  |  |  |  | $ | 13,387 |  |  | $ | — |  |  | $ | 13,387 |

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