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Statutory requirements (Tables)

12 Months Ended

Dec. 31, 2021

The following is a summary of the statutory net income for the Bermuda based insurance subsidiaries for the year ended December 31, 2021:


	2021
SiriusPoint Bermuda	$	149.1
Alstead Re	$	(0.4)

The following is a summary of estimated actual and required statutory capital and surplus of the U.S. based insurance and reinsurance subsidiaries as of December 31, 2021:


	December 31, 2021
Actual statutory capital and surplus
SiriusPoint America	$	581.5
SiriusPoint Specialty	55.2
Oakwood	39.7
Required statutory capital and surplus
SiriusPoint America (1)	112.4
SiriusPoint Specialty	47.0
Oakwood	$	7.5

(1)Equals the authorized control level of the NAIC risk-based capital.

The following is a summary of the statutory net income (loss) for the U.S. based insurance and reinsurance subsidiaries for the year ended December 31, 2021:


	2021
SiriusPoint America	$	28.9
SiriusPoint Specialty	(7.1)
Oakwood	$	(0.4)

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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