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☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to

Bermuda						98-1599372
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Shares, $0.10 par value			SPNT			New York Stock Exchange
8.00% Resettable Fixed Rate Preference Shares,  Series B, $0.10 par value, $25.00 liquidation preference per share			SPNT PB			New York Stock Exchange

Large accelerated filer			☒			Accelerated filer			☐
Non-accelerated filer			☐			Smaller reporting company			☐
						Emerging growth company			☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

As of October 31, 2022, the registrant had 162,168,711 common shares issued and outstanding.

			Page
PART I. FINANCIAL INFORMATION			1
Item 1. Financial Statements			1
Consolidated Balance Sheets as of September 30, 2022 (unaudited) and December 31, 2021			1
Consolidated Statements of Income (Loss) for the three and nine months ended September 30, 2022 and 2021 (unaudited)			2
Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2022 and 2021 (unaudited)			3
Consolidated Statements of Shareholders' Equity for the three and nine months ended September 30, 2022 and 2021 (unaudited)			4
Consolidated Statements of Cash Flows for the three and nine months ended September 30, 2022 and 2021 (unaudited)			5
Notes to the Consolidated Financial Statements
Note 1. Organization			6
Note 2. Significant accounting policies			6
Note 3. Acquisition of Sirius Group			7
Note 4. Segment reporting			9
Note 5. Cash, cash equivalents, restricted cash and restricted investments			15
Note 6. Fair value measurements			15
Note 7. Investments			22
Note 8. Total realized and unrealized investment gains (losses) and net investment income			28
Note 9. Investments in unconsolidated entities			29
Note 10. Derivatives			30
Note 11. Variable interest entities			32
Note 12. Loss and loss adjustment expense reserves			36
Note 13. Allowance for expected credit losses			36
Note 14. Debt and letter of credit facilities			37
Note 15. Income taxes			38
Note 16. Shareholders' equity			39
Note 17. Earnings (loss) per share available to SiriusPoint common shareholders			40
Note 18. Related party transactions			40
Note 19. Commitments and contingencies			43
Note 20. Subsequent event			44
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			45
Item 3. Quantitative and Qualitative Disclosures About Market Risk			72
Item 4. Controls and Procedures			73
PART II. OTHER INFORMATION			73
Item 1. Legal Proceedings			74
Item 1A. Risk Factors			74
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			74
Item 3. Defaults Upon Senior Securities			75
Item 4. Mine Safety Disclosures			75
Item 5. Other Information			75
Item 6. Exhibits			76

			September 30, 2022						December 31, 2021
Assets
Debt securities, trading, at fair value (cost - $1,811.5; 2021 - $2,099.3)			$	1,697.1					$	2,085.6
Debt securities, available for sale, at fair value, net of allowance for credit losses of $0.0 (2021 - N/A) (cost - $1,371.8; 2021 - N/A)			1,324.0						—
Short-term investments, at fair value (cost - $2,009.9; 2021 - $1,076.0)			1,991.6						1,075.8
Investments in related party investment funds, at fair value			309.0						909.6
Other long-term investments, at fair value (cost - $407.8; 2021 - $443.0) (includes affiliated investments at fair value of $242.1 (2021 - $258.2))			414.9						456.1
Equity securities, trading, at fair value (cost - $1.7; 2021 - $4.5)			1.4						2.8
Total investments			5,738.0						4,529.9
Cash and cash equivalents			647.3						999.8
Restricted cash and cash equivalents			144.2						948.6
Redemption receivable from related party investment fund			—						250.0
Due from brokers			20.2						15.9
Interest and dividends receivable			17.0						8.3
Insurance and reinsurance balances receivable, net			1,952.7						1,708.2
Deferred acquisition costs and value of business acquired, net			278.6						218.8
Unearned premiums ceded			379.1						242.8
Loss and loss adjustment expenses recoverable, net			1,309.2						1,215.3
Deferred tax asset			197.6						182.0
Intangible assets			165.9						171.9
Assets held for sale			20.9						—
Other assets			127.4						126.8
Total assets			$	10,998.1					$	10,618.3
Liabilities
Loss and loss adjustment expense reserves			$	5,200.5					$	4,841.4
Unearned premium reserves			1,572.8						1,198.4
Reinsurance balances payable			793.9						688.3
Deposit liabilities			138.9						150.7
Securities sold, not yet purchased, at fair value			41.7						—
Securities sold under an agreement to repurchase			17.3						—
Due to brokers			16.6						6.5
Accounts payable, accrued expenses and other liabilities			245.8						229.8
Deferred tax liability			66.9						95.4
Liability-classified capital instruments			48.9						87.8
Debt			762.0						816.7
Total liabilities			8,905.3						8,115.0
Commitments and contingent liabilities
Shareholders’ equity
Series B preference shares (par value $0.10; authorized and issued: 8,000,000)			200.0						200.0
Common shares (issued and outstanding: 162,312,938; 2021 - 161,929,777)			16.2						16.2
Additional paid-in capital			1,633.2						1,622.7
Retained earnings			288.8						665.0
Accumulated other comprehensive loss, net of tax			(53.7)						(0.2)
Shareholders’ equity attributable to SiriusPoint shareholders			2,084.5						2,503.7
Noncontrolling interests			8.3						(0.4)
Total shareholders’ equity			2,092.8						2,503.3
Total liabilities, noncontrolling interests and shareholders’ equity			$	10,998.1					$	10,618.3
The accompanying Notes to the Consolidated Financial Statements are an integral part of the Consolidated Financial Statements.

			Three months ended												Nine months ended
			September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
Revenues
Net premiums earned			$	612.6					$	499.6					$	1,710.7					$	1,197.1
Net realized and unrealized investment gains (losses)			(56.1)						(11.7)						(236.4)						43.7
Net realized and unrealized investment gains (losses) from related party investment funds			(8.3)						202.4						(199.8)						401.2
Net investment income			36.2						9.1						61.4						18.8
Total realized and unrealized investment gains (losses) and net investment income			(28.2)						199.8						(374.8)						463.7
Other revenues			13.1						33.2						96.1						121.9
Total revenues			597.5						732.6						1,432.0						1,782.7
Expenses
Loss and loss adjustment expenses incurred, net			497.9						577.3						1,198.3						975.1
Acquisition costs, net			116.8						106.9						348.9						281.5
Other underwriting expenses			44.8						53.3						138.1						120.6
Net corporate and other expenses			70.8						59.9						220.2						194.5
Intangible asset amortization			2.1						2.0						6.0						4.1
Interest expense			9.4						9.7						28.1						24.4
Foreign exchange gains			(51.6)						(16.1)						(127.5)						(16.5)
Total expenses			690.2						793.0						1,812.1						1,583.7
Income (loss) before income tax (expense) benefit			(92.7)						(60.4)						(380.1)						199.0
Income tax (expense) benefit			(0.9)						13.0						17.1						(6.4)
Net income (loss)			(93.6)						(47.4)						(363.0)						192.6
Net (income) loss attributable to noncontrolling interests			(0.8)						3.4						(1.2)						1.8
Net income (loss) available to SiriusPoint			(94.4)						(44.0)						(364.2)						194.4
Dividends on Series B preference shares			(4.0)						(4.0)						(12.0)						(9.5)
Net income (loss) available to SiriusPoint common shareholders			$	(98.4)					$	(48.0)					$	(376.2)					$	184.9
Earnings (loss) per share available to SiriusPoint common shareholders
Basic earnings (loss) per share available to SiriusPoint common shareholders			$	(0.61)					$	(0.30)					$	(2.35)					$	1.18
Diluted earnings (loss) per share available to SiriusPoint common shareholders			$	(0.61)					$	(0.34)					$	(2.35)					$	1.17
Weighted average number of common shares used in the determination of earnings (loss) per share
Basic			160,321,270						159,225,772						160,150,911						145,095,270
Diluted			160,321,270						160,240,888						160,150,911						147,597,964
The accompanying Notes to the Consolidated Financial Statements are an integral part of the Consolidated Financial Statements.

1

			Three months ended												Nine months ended
			September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
Comprehensive income (loss)
Net income (loss)			$	(93.6)					$	(47.4)					$	(363.0)					$	192.6
Other comprehensive loss, net of tax
Change in foreign currency translation			(3.6)						(1.8)						(4.0)						(0.3)
Unrealized losses from debt securities held as available for sale investments			(39.7)						—						(49.5)						—
Total other comprehensive loss			(43.3)						(1.8)						(53.5)						(0.3)
Comprehensive income (loss)			(136.9)						(49.2)						(416.5)						192.3
Net (income) loss attributable to noncontrolling interests			(0.8)						3.4						(1.2)						1.8
Comprehensive income (loss) available to SiriusPoint			$	(137.7)					$	(45.8)					$	(417.7)					$	194.1
The accompanying Notes to the Consolidated Financial Statements are an integral part of the Consolidated Financial Statements.

			Three months ended												Nine months ended
			September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
Series B preference shares
Balance, beginning of period			$	200.0					$	200.0					$	200.0					$	—
Issuance of preference shares, net			—						—						—						200.0
Balance, end of period			200.0						200.0						200.0						200.0
Common shares
Balance, beginning of period			16.2						16.2						16.2						9.6
Issuance of common shares, net			—						—						0.1						0.2
Issuance of common shares for Sirius Group acquisition			—						—						—						5.8
Issuance of common shares to related party			—						—						—						0.6
Common shares repurchased and retired			—						—						(0.1)						—
Balance, end of period			16.2						16.2						16.2						16.2
Additional paid-in capital
Balance, beginning of period			1,630.3						1,609.1						1,622.7						933.9
Issuance of common shares, net			—						(0.1)						—						2.7
Acquisition of Sirius Group			—						—						—						589.7
Issuance of common shares to related party			—						—						—						48.0
Share compensation			2.9						7.8						15.4						42.5
Common shares repurchased and retired			—						—						(4.9)						—
Balance, end of period			1,633.2						1,616.8						1,633.2						1,616.8
Retained earnings
Balance, beginning of period			387.2						853.3						665.0						620.4
Net income (loss)			(93.6)						(47.4)						(363.0)						192.6
Net (income) loss attributable to noncontrolling interests			(0.8)						3.4						(1.2)						1.8
Dividends on preference shares			(4.0)						(4.0)						(12.0)						(9.5)
Balance, end of period			288.8						805.3						288.8						805.3
Accumulated other comprehensive loss, net of tax
Balance, beginning of period			(10.4)						1.5						(0.2)						—
Net change in foreign currency translation adjustment
Balance, beginning of period			(0.6)						1.5						(0.2)						—
Net change in foreign currency translation adjustment			(3.6)						(1.8)						(4.0)						(0.3)
Balance, end of period			(4.2)						(0.3)						(4.2)						(0.3)
Unrealized losses from debt securities held as available for sale investments
Balance, beginning of period			(9.8)						—						—						—
Unrealized losses from debt securities held as available for sale investments			(39.7)						—						(49.5)						—
Balance, end of period			(49.5)						—						(49.5)						—
Balance, end of period			(53.7)						(0.3)						(53.7)						(0.3)
Shareholders’ equity attributable to SiriusPoint shareholders			2,084.5						2,638.0						2,084.5						2,638.0
Noncontrolling interests			8.3						—						8.3						—
Total shareholders’ equity			$	2,092.8					$	2,638.0					$	2,092.8					$	2,638.0
The accompanying Notes to the Consolidated Financial Statements are an integral part of the Consolidated Financial Statements.

			2022						2021
Operating activities
Net income (loss)			$	(363.0)					$	192.6
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Share compensation			22.2						17.0
Net interest expense on deposit liabilities			0.4						3.9
Net realized and unrealized (gain) loss on investments and derivatives			205.3						(52.9)
Net realized and unrealized (gain) loss on investment in related party investment funds			199.8						(401.2)
Other revenues			(39.0)						(84.6)
Gain from sale of consolidated subsidiary			—						(5.8)
Amortization of premium and accretion of discount, net			(1.7)						9.4
Amortization of intangible assets			6.0						4.1
Depreciation and other amortization			4.1						4.5
Other items, net			(54.0)						(16.5)
Changes in assets and liabilities:
Insurance and reinsurance balances receivable, net			(242.4)						27.4
Deferred acquisition costs and value of business acquired, net			(59.8)						(3.7)
Unearned premiums ceded			(136.3)						(38.8)
Loss and loss adjustment expenses recoverable, net			(93.9)						(368.4)
Deferred tax asset/liability			(44.1)						(0.2)
Other assets			(4.7)						63.6
Interest and dividends receivable			(8.7)						0.3
Loss and loss adjustment expense reserves			359.1						626.1
Unearned premium reserves			374.4						30.6
Reinsurance balances payable			105.6						130.1
Accounts payable, accrued expenses and other liabilities			16.0						(110.9)
Net cash provided by operating activities			245.3						26.6
Investing activities
Proceeds from redemptions from related party investment funds			654.8						—
Contributions to related party investment funds			(4.0)						—
Purchases of investments			(4,648.5)						(2,282.9)
Proceeds from sales and maturities of investments			2,628.0						1,995.0
Change in due to/from brokers, net			5.8						45.5
Acquisition of Sirius Group, net (cash and restricted cash acquired of $740.3)			—						631.9
Proceeds from sale of consolidated subsidiary, net of cash sold			—						20.5
Net cash provided by (used in) investing activities			(1,363.9)						410.0
Financing activities
Proceeds from issuance of SiriusPoint common shares, net of costs			—						50.8
Taxes paid on withholding shares			(6.9)						(0.3)
Purchases of SiriusPoint common shares under share repurchase program			(5.0)						—
Proceeds from loans under an agreement to repurchase			17.5						—
Cash dividends paid to preference shareholders			(12.0)						(8.2)
Net payments on deposit liability contracts			(12.7)						(9.4)
Change in total noncontrolling interests, net			0.8						0.1
Net cash provided by (used in) financing activities			(18.3)						33.0
Net increase (decrease) in cash, cash equivalents and restricted cash			(1,136.9)						469.6
Cash, cash equivalents and restricted cash at beginning of period			1,948.4						1,713.9
Change in cash of assets held for sale			(20.0)						—
Cash, cash equivalents and restricted cash at end of period			$	791.5					$	2,183.5
The accompanying Notes to the Consolidated Financial Statements are  an integral part of the Consolidated Financial Statements.

SiriusPoint Ltd. (together with its consolidated subsidiaries, “SiriusPoint” or the “Company”) was incorporated under the laws of Bermuda on October 6, 2011. Through its subsidiaries, the Company is a provider of global multi-line reinsurance and insurance products and services. 

On February 26, 2021, the Company completed the acquisition of Sirius International Insurance Group, Ltd. (“Sirius Group”) and changed its name from Third Point Reinsurance Ltd. to SiriusPoint Ltd. The results of operations and cash flows of Sirius Group are included from the acquisition date of February 26, 2021 forward. All references to SiriusPoint throughout this Quarterly Report on Form 10-Q (“Form 10-Q”) for periods prior to the acquisition date refer to legacy Third Point Reinsurance Ltd., unless otherwise indicated. See Note 3 for additional information.

We recognized a bargain purchase gain of $50.4 million, which represents the excess of the fair value of the underlying net assets acquired and liabilities assumed over the purchase price. The gain from bargain purchase is included in other revenues in the consolidated statements of income for the three and nine months ended September 30, 2021. The bargain purchase determination is consistent with the fact that Sirius Group’s shares traded at a discount to book value and the need for Sirius Group to quickly diversify its ownership base. Refer to the 2021 Form 10-K for additional information on this acquisition.

On February 26, 2021, certain holders of Sirius Group shares elected to receive Series A preference shares, par value $0.10 per share (“Series A Preference Shares”), with respect to the consideration price of the Sirius Group acquisition. The Company issued 11,720,987 Series A Preference Shares. The Series A Preference Shares rank pari passu with the Company’s common shares with respect to the payment of dividends or distributions. Each Series A Preference Share has voting power equal to the number of Company shares into which it is convertible, and the Series A Preference Shares and Company shares shall vote together as a single class with respect to any and all matters.

During the nine months ended September 30, 2022, the Company did not declare or pay dividends to holders of Series A Preference Shares.

Series A Preference Shares are recorded at fair value in the liability-classified capital instruments line of the consolidated balance sheets. During the three and nine months ended September 30, 2022, the Company recorded gains of $0.6 million and $20.0 million, respectively, from the change in fair value of the Series A Preference Shares. As of September 30, 2022, the fair value of the Series A Preference Shares is $0.4 million.

On February 26, 2021, the Company issued certain warrants with respect to the consideration price of the Sirius Group acquisition (the “Merger warrants”). As of September 30, 2022, the Company had reserved for issuance common shares underlying warrants to purchase, in the aggregate, up to 21,009,324 common shares, to previous Sirius Group common shareholders.

The Merger warrants are recorded at fair value in the liability-classified capital instruments line of the consolidated balance sheets. During the three and nine months ended September 30, 2022, the Company recorded gains of $2.8 million and $25.6 million, respectively, from the change in fair value of the Merger warrants. As of September 30, 2022, the estimated fair value of the Merger warrants is $6.9 million.

The Private warrants are recorded at fair value in the liability-classified capital instruments line of the consolidated balance sheets. During the three months ended September 30, 2022, there was no change in the fair value of the Private warrants. During the nine months ended September 30, 2022, the Company recorded a gain of $3.2 million from the change in fair value of the Private warrants. The Private warrants have no estimated fair value as of September 30, 2022.

The Sirius Group Public Warrants are recorded at fair value in the liability-classified capital instruments line of the consolidated balance sheets. During the three months ended September 30, 2022, there was no change in the fair value of the Sirius Group Public Warrants. During the nine months ended September 30, 2022, the Company recorded a gain of $1.1 million from the change in fair value of the Sirius Group Public Warrants. The Sirius Group Public Warrants have no estimated fair value as of September 30, 2022.

On February 26, 2021, the Company entered into a contingent value rights agreement with respect to the consideration price of the Sirius Group acquisition. The contingent value rights (“CVRs”) are recorded at fair value in the liability-classified capital instruments line of the consolidated balance sheets. During the three and nine months ended September 30, 2022, the Company recorded losses of $1.5 million and $10.9 million, respectively, from the change in fair value of the CVRs. As of September 30, 2022, the fair value of the CVRs is $41.5 million. The CVRs became publicly traded on the OTCQX Best Market during the quarter ended June 30, 2021.

The following table summarizes the results of Sirius Group that have been included in the Company's consolidated statement of income for the nine months ended September 30, 2021:

			For the period from February 26, 2021 to September 30, 2021
Total revenues			$	933.4
Net loss			$	(161.5)

									Three months ended												Nine months ended
									September 30, 2021												September 30, 2021
Total revenues									$	732.6											$	1,958.8
Net income (loss)									$	(47.8)											$	187.7

Reinsurance

			Three months ended September 30, 2022
			Reinsurance						Insurance & Services						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross premiums written			$	318.4					$	524.9					$	843.3					$	—					$	0.5					$	—					$	843.8
Net premiums written			267.1						366.7						633.8						—						0.6						—						634.4
Net premiums earned			304.5						305.4						609.9						—						2.7						—						612.6
Loss and loss adjustment expenses incurred, net			286.3						217.8						504.1						(1.5)						(4.7)						—						497.9
Acquisition costs, net			69.8						81.0						150.8						(34.0)						—						—						116.8
Other underwriting expenses			28.0						15.3						43.3						—						1.5						—						44.8
Underwriting income (loss)			(79.6)						(8.7)						(88.3)						35.5						5.9						—						(46.9)
Services revenue			3.4						52.5						55.9						(35.4)						—						(20.5)						—
Services expenses			—						47.2						47.2						—						—						(47.2)						—
Net services fee income			3.4						5.3						8.7						(35.4)						—						26.7						—
Services noncontrolling loss			—						0.5						0.5						—						—						(0.5)						—
Net investment gains from Strategic Investments			0.3						3.4						3.7						—						—						(3.7)						—
Net services income			3.7						9.2						12.9						(35.4)						—						22.5						—
Segment income (loss)			(75.9)						0.5						(75.4)						0.1						5.9						22.5						(46.9)
Net realized and unrealized investment gains (losses)																											(59.8)						3.7						(56.1)
Net realized and unrealized investment losses from related party investment funds																											(8.3)						—						(8.3)
Net investment income																											36.2						—						36.2
Other revenues																											(7.4)						20.5						13.1
Net corporate and other expenses																											(23.6)						(47.2)						(70.8)
Intangible asset amortization																											(2.1)						—						(2.1)
Interest expense																											(9.4)						—						(9.4)
Foreign exchange gains																											51.6						—						51.6
Income (loss) before income tax expense			$	(75.9)					$	0.5					(75.4)						0.1						(16.9)						(0.5)						(92.7)
Income tax expense															—						—						(0.9)						—						(0.9)
Net loss															(75.4)						0.1						(17.8)						(0.5)						(93.6)
Net income attributable to noncontrolling interest															—						—						(1.3)						0.5						(0.8)
Net loss attributable to SiriusPoint															$	(75.4)					$	0.1					$	(19.1)					$	—					$	(94.4)
Underwriting Ratios: (1)
Loss ratio			94.0		%				71.3		%				82.7		%																						81.3		%
Acquisition cost ratio			22.9		%				26.5		%				24.7		%																						19.1		%
Other underwriting expenses ratio			9.2		%				5.0		%				7.1		%																						7.3		%
Combined ratio			126.1		%				102.8		%				114.5		%																						107.7		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

			Three months ended September 30, 2021
			Reinsurance						Insurance & Services						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross premiums written			$	395.3					$	240.6					$	635.9					$	—					$	5.3					$	—					$	641.2
Net premiums written			289.6						183.9						473.5						—						5.3						—						478.8
Net premiums earned			326.4						160.6						487.0						—						12.6						—						499.6
Loss and loss adjustment expenses incurred, net			471.5						91.0						562.5						(0.8)						15.6						—						577.3
Acquisition costs, net			85.4						41.8						127.2						(21.4)						1.1						—						106.9
Other underwriting expenses			32.1						9.8						41.9						—						11.4						—						53.3
Underwriting income (loss)			(262.6)						18.0						(244.6)						22.2						(15.5)						—						(237.9)
Services revenue			—						37.8						37.8						(25.3)						—						(12.5)						—
Services expenses			—						40.4						40.4						—						—						(40.4)						—
Net services fee loss			—						(2.6)						(2.6)						(25.3)						—						27.9						—
Services noncontrolling loss			—						3.4						3.4						—						—						(3.4)						—
Net services income			—						0.8						0.8						(25.3)						—						24.5						—
Segment income (loss)			(262.6)						18.8						(243.8)						(3.1)						(15.5)						24.5						(237.9)
Net realized and unrealized investment losses																											(11.7)						—						(11.7)
Net realized and unrealized investment gains from related party investment funds																											202.4						—						202.4
Net investment income																											9.1						—						9.1
Other revenues																											20.7						12.5						33.2
Net corporate and other expenses																											(19.5)						(40.4)						(59.9)
Intangible asset amortization																											(2.0)						—						(2.0)
Interest expense																											(9.7)						—						(9.7)
Foreign exchange gains																											16.1						—						16.1
Income (loss) before income tax benefit			$	(262.6)					$	18.8					(243.8)						(3.1)						189.9						(3.4)						(60.4)
Income tax benefit															—						—						13.0						—						13.0
Net income (loss)															(243.8)						(3.1)						202.9						(3.4)						(47.4)
Net loss attributable to noncontrolling interest															—						—						—						3.4						3.4
Net income (loss) available to SiriusPoint															$	(243.8)					$	(3.1)					$	202.9					$	—					$	(44.0)
Underwriting Ratios: (1)
Loss ratio			144.5		%				56.7		%				115.5		%																						115.6		%
Acquisition cost ratio			26.2		%				26.0		%				26.1		%																						21.4		%
Other underwriting expenses ratio			9.8		%				6.1		%				8.6		%																						10.7		%
Combined ratio			180.5		%				88.8		%				150.2		%																						147.7		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

			Nine months ended September 30, 2022
			Reinsurance						Insurance & Services						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross premiums written			$	1,220.9					$	1,442.3					$	2,663.2					$	—					$	2.9					$	—					$	2,666.1
Net premiums written			963.5						1,005.6						1,969.1						—						2.2						—						1,971.3
Net premiums earned			931.6						762.5						1,694.1						—						16.6						—						1,710.7
Loss and loss adjustment expenses incurred, net			685.5						506.6						1,192.1						(3.8)						10.0						—						1,198.3
Acquisition costs, net			236.0						198.4						434.4						(86.4)						0.9						—						348.9
Other underwriting expenses			86.8						46.8						133.6						—						4.5						—						138.1
Underwriting income (loss)			(76.7)						10.7						(66.0)						90.2						1.2						—						25.4
Services revenue			3.4						165.9						169.3						(102.9)						—						(66.4)						—
Services expenses			—						135.3						135.3						—						—						(135.3)						—
Net services fee income			3.4						30.6						34.0						(102.9)						—						68.9						—
Services noncontrolling loss			—						0.6						0.6						—						—						(0.6)						—
Net investment gains from Strategic Investments			0.3						2.6						2.9						—						—						(2.9)						—
Net services income			3.7						33.8						37.5						(102.9)						—						65.4						—
Segment income (loss)			(73.0)						44.5						(28.5)						(12.7)						1.2						65.4						25.4
Net realized and unrealized investment gains (losses)																											(239.3)						2.9						(236.4)
Net realized and unrealized investment losses from related party investment funds																											(199.8)						—						(199.8)
Net investment income																											61.4						—						61.4
Other revenues																											29.7						66.4						96.1
Net corporate and other expenses																											(84.9)						(135.3)						(220.2)
Intangible asset amortization																											(6.0)						—						(6.0)
Interest expense																											(28.1)						—						(28.1)
Foreign exchange gains																											127.5						—						127.5
Income (loss) before income tax benefit			$	(73.0)					$	44.5					(28.5)						(12.7)						(338.3)						(0.6)						(380.1)
Income tax benefit															—						—						17.1						—						17.1
Net loss															(28.5)						(12.7)						(321.2)						(0.6)						(363.0)
Net income attributable to noncontrolling interests															—						—						(1.8)						0.6						(1.2)
Net loss attributable to SiriusPoint															$	(28.5)					$	(12.7)					$	(323.0)					$	—					$	(364.2)
Underwriting Ratios: (1)
Loss ratio			73.6		%				66.4		%				70.4		%																						70.0		%
Acquisition cost ratio			25.3		%				26.0		%				25.6		%																						20.4		%
Other underwriting expenses ratio			9.3		%				6.1		%				7.9		%																						8.1		%
Combined ratio			108.2		%				98.5		%				103.9		%																						98.5		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

			Nine months ended September 30, 2021
			Reinsurance						Insurance & Services						Core						Eliminations (2)						Corporate						Segment Measure Reclass						Total
Gross premiums written			$	931.6					$	628.0					$	1,559.6					$	—					$	(13.9)					$	—					$	1,545.7
Net premiums written			773.8						468.5						1,242.3						—						(19.0)						—						1,223.3
Net premiums earned			862.8						334.7						1,197.5						—						(0.4)						—						1,197.1
Loss and loss adjustment expenses incurred, net			773.7						198.6						972.3						(1.7)						4.5						—						975.1
Acquisition costs, net			224.1						97.6						321.7						(42.5)						2.3						—						281.5
Other underwriting expenses			82.6						19.0						101.6						—						19.0						—						120.6
Underwriting income (loss)			(217.6)						19.5						(198.1)						44.2						(26.2)						—						(180.1)
Services revenue			—						89.9						89.9						(52.6)						—						(37.3)						—
Services expenses			—						81.0						81.0						—						—						(81.0)						—
Net services fee income			—						8.9						8.9						(52.6)						—						43.7						—
Services noncontrolling loss			—						1.8						1.8						—						—						(1.8)						—
Net investment gains from Strategic Investments			0.3						41.3						41.6						—						—						(41.6)						—
Net services income			0.3						52.0						52.3						(52.6)						—						0.3						—
Segment income (loss)			(217.3)						71.5						(145.8)						(8.4)						(26.2)						0.3						(180.1)
Net realized and unrealized investment gains																											2.1						41.6						43.7
Net realized and unrealized investment gains from related party investment funds																											401.2						—						401.2
Net investment income																											18.8						—						18.8
Other revenues																											84.6						37.3						121.9
Net corporate and other expenses																											(113.5)						(81.0)						(194.5)
Intangible asset amortization																											(4.1)						—						(4.1)
Interest expense																											(24.4)						—						(24.4)
Foreign exchange gains																											16.5						—						16.5
Income (loss) before income tax expense			$	(217.3)					$	71.5					(145.8)						(8.4)						355.0						(1.8)						199.0
Income tax expense															—						—						(6.4)						—						(6.4)
Net income (loss)															(145.8)						(8.4)						348.6						(1.8)						192.6
Net loss attributable to noncontrolling interests															—						—						—						1.8						1.8
Net income (loss) available to SiriusPoint															$	(145.8)					$	(8.4)					$	348.6					$	—					$	194.4
Underwriting Ratios: (1)
Loss ratio			89.7		%				59.3		%				81.2		%																						81.5		%
Acquisition cost ratio			26.0		%				29.2		%				26.9		%																						23.5		%
Other underwriting expenses ratio			9.6		%				5.7		%				8.5		%																						10.1		%
Combined ratio			125.3		%				94.2		%				116.6		%																						115.1		%

(1)Underwriting ratios are calculated by dividing the related expense by net premiums earned.

(2)Insurance & Services MGAs recognize fees for service using revenue from contracts with customers accounting standards, whereas insurance companies recognize acquisition expenses using insurance contract accounting standards. While ultimate revenues and expenses recognized will match, there will be recognition timing differences based on the different accounting standards.

			September 30, 2022						December 31, 2021
Cash and cash equivalents			$	647.3					$	999.8
Restricted cash securing letter of credit facilities (1)			66.9						500.2
Restricted cash securing reinsurance contracts (2)			55.7						431.8
Restricted cash held by managing general underwriters			21.6						16.6
Total cash, cash equivalents and restricted cash (3)			791.5						1,948.4
Restricted investments securing reinsurance contracts and letter of credit facilities (1) (2) (4)			2,076.8						1,107.0
Total cash, cash equivalents, restricted cash and restricted investments			$	2,868.3					$	3,055.4