Debt and letter of credit facilities (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of debt obligations

The following table represents a summary of the Company’s debt obligations on its consolidated balance sheets as of December 31, 2021 and 2020:

	December 31, 2021				December 31, 2020
	Amount		Effective rate (1)		Amount		Effective rate (1)
2017 SEK Subordinated Notes, at face value (2)	$	303.1	4.1	%	n/a		n/a
Unamortized discount	(6.8)				n/a
2017 SEK Subordinated Notes, carrying value	296.3				n/a
2016 Senior Notes, at face value (2)	400.0		4.5	%	n/a		n/a
Unamortized premium	6.0				n/a
2016 Senior Notes, carrying value	406.0				n/a
2015 Senior Notes, at face value	115.0		7.0	%	115.0		7.0	%
Unamortized issuance costs	(0.6)				(0.7)
2015 Senior Notes, carrying value	114.4				114.3
Total debt	$	816.7			$	114.3

(1)Effective rate considers the effect of the debt issuance costs, discount, and premium.

(2)In connection with the acquisition of Sirius Group, SiriusPoint assumed the outstanding debt of Sirius Group.

Schedule of letter of credit facilities

As of December 31, 2021, the Company had entered into the following letter of credit facilities:

	Letters of Credit				Collateral
	Committed Capacity		Issued		Cash and Cash Equivalents		Debt securities
Committed - Secured letters of credit facilities	$	330.0	$	208.5	$	40.9	$	99.0
Uncommitted - Secured letters of credit facilities	n/a		908.5		459.3		667.6
			$	1,117.0	$	500.2	$	766.6