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Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Net earned insurance and reinsurance premiums $ 372.6 $ 374.2 $ 1,177.1 $ 1,056.8
Net investment income 1.7 22.8 30.0 67.3
Net realized investment (losses) gains (3.8) 15.3 23.6 39.9
Net unrealized investment gains (losses) 31.2 53.9 (3.9) 143.4
Net foreign exchange (losses) gains (21.3) 4.9 (18.9) 9.4
Other revenue 15.8 16.3 30.3 51.3
Total revenues 396.2 487.4 1,238.2 1,368.1
Expenses        
Loss and loss adjustment expenses 305.4 348.6 972.8 810.5
Insurance and reinsurance acquisition expenses 83.6 75.1 236.4 215.4
Other underwriting expenses 41.3 35.4 115.6 106.2
General and administrative expenses 34.4 28.0 90.4 80.6
Intangible asset amortization expenses 3.9 3.9 11.8 11.8
Interest expense on debt 8.1 7.7 23.8 23.3
Total expenses 476.7 498.7 1,450.8 1,247.8
Pre-tax income (loss) (80.5) (11.3) (212.6) 120.3
Income tax (expense) benefit (23.5) 3.7 (19.9) (15.6)
Net (loss) income (104.0) (7.6) (232.5) 104.7
Loss (income) attributable to non-controlling interests (0.2) (0.4) (0.2) (1.6)
(Loss) income attributable to Sirius Group (104.2) (8.0) (232.7) 103.1
Change in carrying value of Series B preference shares 8.7 5.3 25.5 (3.9)
Net (loss) income attributable to Sirius Group's common shareholders $ (95.5) $ (2.7) $ (207.2) $ 99.2
Net (loss) income per common share and common share equivalent        
Basic earnings per common share and common share equivalent (in dollars per share) $ (0.83) $ (0.02) $ (1.80) $ 0.78
Diluted earnings per common share and common share equivalent (in dollars per share) $ (0.83) $ (0.06) $ (1.83) $ 0.78
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) 115,297,945 115,251,853 115,279,197 115,225,942
Diluted weighted average number of common shares and common share equivalents outstanding (in shares) 115,297,945 127,153,523 127,180,867 115,619,222