| 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.
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