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Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Net earned insurance and reinsurance premiums $ 369.8 $ 370.7 $ 804.5 $ 682.6
Net investment income 14.8 24.4 28.3 44.5
Net realized investment gains 7.1 15.6 27.4 24.6
Net unrealized investment gains (losses) 8.7 15.5 (35.1) 89.5
Net foreign exchange (losses) gains (16.1) (0.6) 2.4 4.5
Other revenue 10.2 15.4 14.5 35.0
Total revenues 394.5 441.0 842.0 880.7
Expenses        
Loss and loss adjustment expenses 240.3 278.0 667.4 461.9
Insurance and reinsurance acquisition expenses 78.1 77.0 152.8 140.3
Other underwriting expenses 36.3 35.5 74.3 70.8
General and administrative expenses 23.9 28.2 56.0 52.6
Intangible asset amortization expenses 4.0 4.0 7.9 7.9
Interest expense on debt 7.9 8.0 15.7 15.6
Total expenses 390.5 430.7 974.1 749.1
Pre-tax income (loss) 4.0 10.3 (132.1) 131.6
Income tax (expense) benefit (11.2) (2.1) 3.6 (19.3)
Net (loss) income (7.2) 8.2 (128.5) 112.3
Loss (income) attributable to non-controlling interests 0.2 (0.8) 0.0 (1.2)
(Loss) income attributable to Sirius Group (7.0) 7.4 (128.5) 111.1
Change in carrying value of Series B preference shares (6.6) (0.8) 16.8 (9.2)
Net (loss) income attributable to Sirius Group's common shareholders $ (13.6) $ 6.6 $ (111.7) $ 101.9
Net (loss) income per common share and common share equivalent        
Basic earnings per common share and common share equivalent (in dollars per share) $ (0.12) $ 0.05 $ (0.97) $ 0.80
Diluted earnings per common share and common share equivalent (in dollars per share) $ (0.12) $ 0.05 $ (1.01) $ 0.80
Weighted average number of common shares and common share equivalents outstanding:        
Basic weighted average number of common shares and common share equivalents outstanding (in shares) 115,278,176 115,243,685 115,269,720 115,212,772
Diluted weighted average number of common shares and common share equivalents outstanding (in shares) 115,278,176 115,796,367 127,171,390 127,542,402