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Consolidated Statements of (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Net earned insurance and reinsurance premiums $ 1,542.5 $ 1,441.6 $ 1,262.3
Net investment income 35.4 84.7 71.4
Net realized investment gains 50.3 56.7 2.3
Net unrealized investment (losses) gains 3.5 80.6 (23.2)
Net foreign exchange (losses) gains (49.2) 7.7 22.7
Revaluation of contingent consideration (0.9) (6.3) 9.6
Other revenue 42.7 55.1 112.7
Total revenues 1,624.3 1,720.1 1,457.8
Expenses      
Loss and loss adjustment expenses 1,289.7 1,170.3 900.0
Insurance and reinsurance acquisition expenses 305.1 288.7 255.4
Other underwriting expenses 158.0 138.2 146.2
General and administrative expenses 119.0 109.8 77.9
Intangible asset amortization expenses 15.8 15.8 15.8
Impairment of intangible assets 0.0 0.0 8.0
Interest expense on debt 31.8 31.0 30.8
Total expenses 1,919.4 1,753.8 1,434.1
Pre-tax (loss) income (295.1) (33.7) 23.7
Income tax (expense) (24.3) (11.9) (40.4)
Net (loss) (319.4) (45.6) (16.7)
Less: Income attributable to non-controlling interests (0.1) (1.7) (1.4)
Net (loss) attributable to Sirius Group (319.5) (47.3) (18.1)
Change in carrying value of Series B preference shares 24.7 9.2 (36.4)
Add: Redemption of Series A redeemable preference shares 0.0 0.0 13.8
Less: Accrued dividends on Series A redeemable preference shares 0.0 0.0 (2.6)
Net (loss) attributable to Sirius Group's common shareholders $ (294.8) $ (38.1) $ (43.3)
Net (loss) per common share and common share equivalent      
Basic earnings per common share and common share equivalent (in dollars per share) $ (2.56) $ (0.33) $ (0.36)
Diluted earnings per common share and common share equivalent (in dollars per share) $ (2.56) $ (0.37) $ (0.36)
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) 115,284,260 115,234,105 119,253,924
Diluted weighted average number of common shares and common share equivalents outstanding (in shares) 115,284,260 127,135,775 119,253,924