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Quarterly Financial Results (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of quarterly financial results |
| Three months ended
| December 31, 2020 |  | September 30, 2020 |  | June 30, 2020 |  | March 31, 2020
Revenues |  |  |  |  |  |  |
Gross premiums written | $ | 190,358 |  |  | $ | 124,737 |  |  | $ | 147,740 |  |  | $ | 125,705 |
Gross premiums ceded | (17,090) |  |  | (8,286) |  |  | (18,423) |  |  | (2,545) |
Net premiums written | 173,268 |  |  | 116,451 |  |  | 129,317 |  |  | 123,160 |
Change in net unearned premium reserves | 8,747 |  |  | 25,261 |  |  | 11,493 |  |  | 23,155 |
Net premiums earned | 182,015 |  |  | 141,712 |  |  | 140,810 |  |  | 146,315 |
Net investment income (loss) | 204,798 |  |  | 121,956 |  |  | 137,211 |  |  | (185,027) |
Total revenues | 386,813 |  |  | 263,668 |  |  | 278,021 |  |  | (38,712) |
Expenses |  |  |  |  |  |  |
Loss and loss adjustment expenses incurred, net | 177,919 |  |  | 110,487 |  |  | 89,106 |  |  | 87,786 |
Acquisition costs, net | 39,321 |  |  | 54,817 |  |  | 43,671 |  |  | 49,253 |
Other underwriting expenses | 9,714 |  |  | 6,072 |  |  | 7,793 |  |  | 7,221 |
Net corporate and other expenses | 10,957 |  |  | 14,965 |  |  | 8,878 |  |  | 6,415 |
Interest expense | 2,068 |  |  | 2,068 |  |  | 2,046 |  |  | 2,048 |
Foreign exchange (gains) losses | 8,348 |  |  | 5,885 |  |  | (797) |  |  | (8,217) |
Total expenses | 248,327 |  |  | 194,294 |  |  | 150,697 |  |  | 144,506 |
Income (loss) before income tax expense | 138,486 |  |  | 69,374 |  |  | 127,324 |  |  | (183,218) |
Income tax expense | (3,728) |  |  | (652) |  |  | (3,309) |  |  | (419) |
Net income (loss) | 134,758 |  |  | 68,722 |  |  | 124,015 |  |  | (183,637) |
Net (income) loss attributable to noncontrolling interests | (362) |  |  | 21 |  |  | — |  |  | — |
Net income (loss) available to SiriusPoint common shareholders | $ | 134,396 |  |  | $ | 68,743 |  |  | $ | 124,015 |  |  | $ | (183,637) |
Earnings (loss) per share available to SiriusPoint common shareholders |  |  |  |  |  |  |
Basic earnings (loss) per share available to SiriusPoint common shareholders | $ | 1.43 |  |  | $ | 0.74 |  |  | $ | 1.33 |  |  | $ | (1.99) |
Diluted earnings (loss) per share available to SiriusPoint common shareholders | $ | 1.43 |  |  | $ | 0.73 |  |  | $ | 1.33 |  |  | $ | (1.99) |
Weighted average number of common shares used in the determination of earnings (loss) per share |  |  |  |  |  |  |
Basic | 92,638,978 |  |  | 92,613,393 |  |  | 92,593,599 |  |  | 92,191,837 |
Diluted | 93,165,559 |  |  | 92,969,646 |  |  | 92,738,293 |  |  | 92,191,837 |
| Three months ended
| December 31, 2019 |  | September 30, 2019 |  | June 30, 2019 |  | March 31, 2019
Revenues |  |  |  |  |  |  |
Gross premiums written | $ | 191,203 |  |  | $ | 184,856 |  |  | $ | 149,035 |  |  | $ | 143,320 |
Gross premiums ceded | (4,459) |  |  | (1,928) |  |  | (2,744) |  |  | (2,245) |
Net premiums written | 186,744 |  |  | 182,928 |  |  | 146,291 |  |  | 141,075 |
Change in net unearned premium reserves | 11,648 |  |  | 20,320 |  |  | (839) |  |  | 11,975 |
Net premiums earned | 198,392 |  |  | 203,248 |  |  | 145,452 |  |  | 153,050 |
Net investment income (loss) | 61,614 |  |  | (3,138) |  |  | 69,131 |  |  | 154,953 |
Total revenues | 260,006 |  |  | 200,110 |  |  | 214,583 |  |  | 308,003 |
Expenses |  |  |  |  |  |  |
Loss and loss adjustment expenses incurred, net | 140,394 |  |  | 85,703 |  |  | 82,334 |  |  | 95,068 |
Acquisition costs, net | 61,851 |  |  | 118,271 |  |  | 58,006 |  |  | 57,498 |
Other underwriting expenses | 8,336 |  |  | 7,286 |  |  | 9,636 |  |  | 8,839 |
Net corporate and other expenses | 8,033 |  |  | 7,009 |  |  | 13,825 |  |  | 7,418 |
Interest expense | 2,074 |  |  | 2,074 |  |  | 2,051 |  |  | 2,029 |
Foreign exchange (gains) losses | 10,298 |  |  | (4,921) |  |  | (4,260) |  |  | 2,518 |
Total expenses | 230,986 |  |  | 215,422 |  |  | 161,592 |  |  | 173,370 |
Income (loss) before income tax (expense) benefit | 29,020 |  |  | (15,312) |  |  | 52,991 |  |  | 134,633 |
Income tax (expense) benefit | 718 |  |  | 213 |  |  | 74 |  |  | (1,718) |
Net income (loss) | 29,738 |  |  | (15,099) |  |  | 53,065 |  |  | 132,915 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |
Net income (loss) available to SiriusPoint common shareholders | $ | 29,738 |  |  | $ | (15,099) |  |  | $ | 53,065 |  |  | $ | 132,915 |
Earnings (loss) per share available to SiriusPoint common shareholders |  |  |  |  |  |  |
Basic earnings (loss) per share available to SiriusPoint common shareholders | $ | 0.32 |  |  | $ | (0.16) |  |  | $ | 0.58 |  |  | $ | 1.45 |
Diluted earnings (loss) per share available to SiriusPoint common shareholders | $ | 0.32 |  |  | $ | (0.16) |  |  | $ | 0.57 |  |  | $ | 1.43 |
Weighted average number of common shares used in the determination of earnings (loss) per share |  |  |  |  |  |  |
Basic | 91,989,469 |  |  | 91,903,556 |  |  | 91,776,870 |  |  | 91,669,810 |
Diluted | 92,696,491 |  |  | 91,903,556 |  |  | 92,801,799 |  |  | 92,578,933 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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