v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 125.3 $ 210.7
Adjustments to reconcile net income to net cash used in operating activities:    
Share compensation 12.2 11.0
Net realized and unrealized (gain) loss on investments and derivatives (0.4) 67.6
Change in fair value of liability-classified capital instruments 0.0 5.3
Amortization of premium and accretion of discount, net (19.8) (34.8)
Amortization of intangible assets 5.7 5.9
Other items, net 32.5 (43.9)
Changes in assets and liabilities:    
Insurance and reinsurance balances receivable, net (236.6) (153.9)
Deferred acquisition costs, net (52.0) (33.0)
Unearned premiums ceded (20.1) (46.9)
Loss and loss adjustment expenses recoverable, net 51.4 103.6
Deferred tax asset/liability 10.2 (4.1)
Other assets (54.5) (111.0)
Interest and dividends receivable 1.5 (8.4)
Loss and loss adjustment expense reserves 163.5 (2.1)
Unearned premium reserves 214.8 142.4
Deferred gain on retroactive reinsurance (8.5) (4.9)
Reinsurance balances payable (241.7) (192.2)
Other liabilities (10.3) (2.4)
Net cash used in operating activities (26.8) (91.1)
Investing activities    
Purchases of debt securities, available-for-sale (811.2) (1,423.8)
Purchases of short-term investments (89.2) (368.2)
Purchases of other investments (9.7) (22.2)
Proceeds from sales and maturities of debt securities, available-for-sale 1,282.2 821.3
Proceeds from sales and maturities of debt securities, trading and short-term investments 191.0 876.7
Proceeds from sales and maturities of other investments 8.7 43.5
Change in due to/from brokers, net (6.0) 11.0
Net cash provided by (used in) investing activities 565.8 (61.7)
Financing activities    
Payment of redemption of debt 0.0 (517.9)
Proceeds from issuance of debt, net of costs 0.0 393.9
Purchases of SiriusPoint common shares under share repurchase program (490.8) 0.0
Net payments on deposit liability contracts (7.3) (102.1)
Net proceeds from exercise of options 0.6 16.3
Cash dividends paid to preference shareholders (8.0) (8.0)
Taxes paid on withholding shares (4.1) (6.9)
Change in total noncontrolling interests, net (0.8) 0.2
Net cash used in financing activities (510.4) (224.5)
Net increase (decrease) in cash, cash equivalents and restricted cash 28.6 (377.3)
Cash, cash equivalents and restricted cash at beginning of period 894.6 1,101.3
Cash, cash equivalents and restricted cash at end of period $ 923.2 $ 724.0