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Consolidated Statements of (Loss) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues                      
Net earned insurance and reinsurance premiums                 $ 1,441.6 $ 1,262.3 $ 1,035.3
Net investment income                 84.7 71.4 56.8
Net realized investment gains (losses)                 56.7 2.3 (27.2)
Net unrealized investment gains (losses)                 80.6 (23.2) (10.5)
Net foreign exchange gains                 7.7 22.7 9.2
Revaluation of contingent consideration                 (6.3) 9.6 48.8
Other revenue                 55.1 112.7 21.7
Total revenues $ 352.0 $ 487.4 $ 441.0 $ 439.7 $ 336.8 $ 351.7 $ 441.8 $ 327.5 1,720.1 1,457.8 1,134.1
Expenses                      
Loss and loss adjustment expenses                 1,170.3 900.0 811.2
Insurance and reinsurance acquisition expenses                 288.7 255.4 197.2
Other underwriting expenses                 138.2 146.2 106.1
General and administrative expenses                 109.8 77.9 91.9
Intangible asset amortization expenses                 15.8 15.8 10.2
Impairment of intangible assets                 0.0 8.0 5.0
Interest expense on debt                 31.0 30.8 22.4
Total expenses 506.0 498.7 430.7 318.4 482.3 386.3 292.4 273.1 1,753.8 1,434.1 1,244.0
Pre-tax (loss) income                 (33.7) 23.7 (109.9)
Income tax (expense)                 (11.9) (40.4) (26.4)
Net (loss)                 (45.6) (16.7) (136.3)
Less: Income attributable to non-controlling interests                 (1.7) (1.4) (13.7)
Net (loss) attributable to Sirius Group                 (47.3) (18.1) (150.0)
Change in carrying value of Series B preference shares                 9.2 (36.4) 0.0
Add: Redemption of Series A redeemable preference shares                 0.0 13.8 0.0
Less: Accrued dividends on Series A redeemable preference shares                 0.0 (2.6) (6.1)
Net (loss) attributable to Sirius Group's common shareholders $ (137.3) $ (2.7) $ 6.6 $ 95.3 $ (153.6) $ (28.0) $ 97.8 $ 40.5 $ (38.1) $ (43.3) $ (156.1)
Net (loss) per common share and common share equivalent                      
Basic earnings per common share and common share equivalent (in dollars per share) $ (1.19) $ (0.02) $ 0.05 $ 0.75 $ (1.31) $ (0.23) $ 0.78 $ 0.32 $ (0.33) $ (0.36) $ (1.30)
Diluted earnings per common share and common share equivalent (in dollars per share) $ (1.19) $ (0.06) $ 0.05 $ 0.74 $ (1.31) $ (0.23) $ 0.78 $ 0.32 $ (0.37) $ (0.36) $ (1.30)
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)                 115,234,105 119,253,924 120,000,000
Diluted weighted average number of common shares and common share equivalents outstanding (in shares)                 127,135,775 119,253,924 120,000,000