Quarterly Financial Results (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

26. Quarterly financial results (UNAUDITED) (as adjusted - see Note 3)


	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