XML 123 R114.htm IDEA: XBRL DOCUMENT v3.21.1
Quarterly Financial Results (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues                      
Gross premiums written $ 190,358 $ 124,737 $ 147,740 $ 125,705 $ 191,203 $ 184,856 $ 149,035 $ 143,320 $ 588,540 $ 668,414 $ 650,187
Gross premiums ceded (17,090) (8,286) (18,423) (2,545) (4,459) (1,928) (2,744) (2,245) (46,344) (11,376) (4,169)
Net premiums written 173,268 116,451 129,317 123,160 186,744 182,928 146,291 141,075 542,196 657,038 646,018
Change in net unearned premium reserves 8,747 25,261 11,493 23,155 11,648 20,320 (839) 11,975 68,656 43,104 (24,576)
Net premiums earned 182,015 141,712 140,810 146,315 198,392 203,248 145,452 153,050 610,852 700,142 621,442
Net investment income (loss) 204,798 121,956 137,211 (185,027) 61,614 (3,138) 69,131 154,953 278,938 282,560 (251,433)
Total revenues 386,813 263,668 278,021 (38,712) 260,006 200,110 214,583 308,003 889,790 982,702 370,009
Expenses                      
Loss and loss adjustment expenses incurred, net 177,919 110,487 89,106 87,786 140,394 85,703 82,334 95,068 465,298 403,499 438,414
Acquisition costs, net 39,321 54,817 43,671 49,253 61,851 118,271 58,006 57,498 187,062 295,626 206,498
Other underwriting expenses 9,714 6,072 7,793 7,221 8,336 7,286 9,636 8,839 30,800 34,097 29,667
Net corporate and other expenses 10,957 14,965 8,878 6,415 8,033 7,009 13,825 7,418 41,215 36,285 16,184
Interest expense 2,068 2,068 2,046 2,048 2,074 2,074 2,051 2,029 8,230 8,228 8,228
Foreign exchange (gains) losses 8,348 5,885 (797) (8,217) 10,298 (4,921) (4,260) 2,518 5,219 3,635 (7,503)
Total expenses 248,327 194,294 150,697 144,506 230,986 215,422 161,592 173,370 737,824 781,370 691,488
Income (loss) before income tax (expense) benefit 138,486 69,374 127,324 (183,218) 29,020 (15,312) 52,991 134,633 151,966 201,332 (321,479)
Income tax (expense) benefit (3,728) (652) (3,309) (419) 718 213 74 (1,718) (8,108) (713) 4,010
Net income (loss) 134,758 68,722 124,015 (183,637) 29,738 (15,099) 53,065 132,915 143,858 200,619 (317,469)
Net income attributable to noncontrolling interests (362) 21 0 0 0 0 0 0 (341) 0 (223)
Net income (loss) available to SiriusPoint common shareholders $ 134,396 $ 68,743 $ 124,015 $ (183,637) $ 29,738 $ (15,099) $ 53,065 $ 132,915 $ 143,517 $ 200,619 $ (317,692)
Earnings (loss) per share available to SiriusPoint common shareholders                      
Basic earnings (loss) per share available to SiriusPoint common shareholders (in dollars per share) $ 1.43 $ 0.74 $ 1.33 $ (1.99) $ 0.32 $ (0.16) $ 0.58 $ 1.45 $ 1.54 $ 2.18 $ (3.27)
Diluted earnings (loss) per share available to SiriusPoint common shareholders (in dollars per share) $ 1.43 $ 0.73 $ 1.33 $ (1.99) $ 0.32 $ (0.16) $ 0.57 $ 1.43 $ 1.53 $ 2.16 $ (3.27)
Weighted average number of common shares used in the determination of earnings (loss) per share                      
Basic (in shares) 92,638,978 92,613,393 92,593,599 92,191,837 91,989,469 91,903,556 91,776,870 91,669,810 92,510,090 91,835,990 97,054,315
Diluted (in shares) 93,165,559 92,969,646 92,738,293 92,191,837 92,696,491 91,903,556 92,801,799 92,578,933 92,957,799 92,652,316 97,054,315