Debt and letter of credit facilities (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of debt obligations

The following table represents a summary of the Company’s debt obligations on its condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020:

	September 30, 2021				December 31, 2020
	Amount		Effective rate (1)		Amount		Effective rate (1)
2017 SEK Subordinated Notes, at face value (2)	$	313.4	4.2	%	n/a		n/a
Unamortized discount	(7.1)				n/a
2017 SEK Subordinated Notes, carrying value	306.3				n/a
2016 SIG Senior Notes, at face value (2)	400.0		4.5	%	n/a		n/a
Unamortized premium	6.3				n/a
2016 SIG Senior Notes, carrying value	406.3				n/a
2015 TPRUSA Senior Notes, at face value	115.0		7.0	%	115.0		7.0	%
Unamortized issuance costs	(0.6)				(0.7)
2015 TPRUSA Senior Notes, carrying value	114.4				114.3
Total debt	$	827.0			$	114.3

(1)Effective rate considers the effect of the debt issuance costs, discount, and premium.

(2)In connection with the acquisition of Sirius Group, SiriusPoint assumed the outstanding debt of Sirius Group.

Schedule of letter of credit facilities

As of September 30, 2021, the Company had entered into the following letter of credit facilities:

	Letters of Credit				Collateral
	Committed Capacity		Issued		Cash and Cash Equivalents		Debt securities
Committed - Secured letters of credit facilities	$	330.0	$	199.3	$	105.0	$	—
Uncommitted - Secured letters of credit facilities	n/a		854.7		472.1		597.0
			$	1,054.0	$	577.1	$	597.0