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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Net earned insurance and reinsurance premiums $ 370.7 $ 308.9 $ 682.6 $ 593.4
Net investment income 24.4 19.2 44.5 30.0
Net realized investment gains 15.6 7.8 24.6 4.1
Net unrealized investment gains 15.5 24.7 89.5 40.7
Net foreign exchange (losses) gains (0.6) 25.6 4.5 22.1
Other revenue 15.4 55.6 35.0 79.0
Total revenues 441.0 441.8 880.7 769.3
Expenses        
Loss and loss adjustment expenses 278.0 151.4 461.9 292.4
Insurance and reinsurance acquisition expenses 77.0 66.8 140.3 129.8
Other underwriting expenses 35.5 38.2 70.8 81.4
General and administrative expenses 28.2 24.2 52.6 38.5
Intangible asset amortization expenses 4.0 4.0 7.9 7.9
Interest expense on debt 8.0 7.8 15.6 15.5
Total expenses 430.7 292.4 749.1 565.5
Pre-tax income 10.3 149.4 131.6 203.8
Income tax expense (2.1) (51.2) (19.3) (62.3)
Net income 8.2 98.2 112.3 141.5
Income attributable to non-controlling interests (0.8) (0.4) (1.2) (0.6)
Income attributable to Sirius Group 7.4 97.8 111.1 140.9
Change in carrying value of Series B preference shares (0.8)   (9.2)  
Accrued dividends on Series A redeemable preference shares       (2.6)
Net income attributable to Sirius Group's common shareholders $ 6.6 $ 97.8 $ 101.9 $ 138.3
Net income per common share and common share equivalent        
Basic earnings per common share and common share equivalent $ 0.05 $ 0.78 $ 0.80 $ 1.11
Diluted earnings per common share and common share equivalent $ 0.05 $ 0.78 $ 0.80 $ 1.11
Weighted average number of common shares and common share equivalents outstanding:        
Basic weighted average number of common shares and common share equivalents outstanding 115,243,685 120,000,000 115,212,772 120,000,000
Diluted weighted average number of common shares and common share equivalents outstanding 115,796,367 120,000,000 127,542,402 120,000,000