Earnings (loss) per share available to SiriusPoint common shareholders

9 Months Ended

Sep. 30, 2022

Earnings (loss) per share available to SiriusPoint common shareholders

17. Earnings (loss) per share available to SiriusPoint common shareholders

The following sets forth the computation of basic and diluted earnings (loss) per share available to SiriusPoint common shareholders for the three and nine months ended September 30, 2022 and 2021:


		Three months ended				Nine months ended
		September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Weighted-average number of common shares outstanding:
	Basic number of common shares outstanding	160,321,270		159,225,772		160,150,911		145,095,270
	Dilutive effect of options	—		—		—		196,414
	Dilutive effect of warrants	—		—		—		38,525


	Dilutive effect of restricted share units	—		—		—		1,252,639
	Dilutive effect of Series A preference shares	—		1,015,116		—		1,015,116
	Diluted number of common shares outstanding	160,321,270		160,240,888		160,150,911		147,597,964
Basic earnings (loss) per common share:
	Net income (loss) available to SiriusPoint common shareholders	$	(98.4)	$	(48.0)	$	(376.2)	$	184.9
	Net income allocated to SiriusPoint participating common shareholders	—		—		—		(13.7)
	Net income (loss) allocated to SiriusPoint common shareholders	$	(98.4)	$	(48.0)	$	(376.2)	$	171.2
	Basic earnings (loss) per share available to SiriusPoint common shareholders	$	(0.61)	$	(0.30)	$	(2.35)	$	1.18
Diluted earnings (loss) per common share:
	Net income (loss) available to SiriusPoint common shareholders	$	(98.4)	$	(48.0)	$	(376.2)	$	184.9
	Net income allocated to SiriusPoint participating common shareholders	—		—		—		(2.8)
	Change in carrying value of Series A preference shares	—		(7.2)		—		(9.6)
	Net income (loss) allocated to SiriusPoint common shareholders	$	(98.4)	$	(55.2)	$	(376.2)	$	172.5
	Diluted earnings (loss) per share available to SiriusPoint common shareholders	$	(0.61)	$	(0.34)	$	(2.35)	$	1.17

For the three and nine months ended September 30, 2022, options of 3,684,094 and 4,030,922, respectively, and warrants of 31,123,755 and 31,123,755, respectively, were excluded from the computation of diluted loss per share available to SiriusPoint common shareholders.

For the three and nine months ended September 30, 2021, options of 10,808,025 and 4,487,807, respectively, warrants of 34,618,734 and 31,123,755, respectively, and Upside Rights of 10,000,000 and 10,000,000, respectively, were excluded from the computation of diluted earnings per share available to SiriusPoint common shareholders.