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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Earned insurance and reinsurance premiums $ 537.3 $ 503.4 $ 1,031.6 $ 997.0
Net investment income 23.8 29.6 47.1 54.3
Net realized and unrealized investment (losses) gains (61.1) 113.9 42.3 177.7
Other revenue 87.5 6.4 123.3 3.0
Total revenues 587.5 653.3 1,244.3 1,232.0
Expenses:        
Loss and loss adjustment expenses 288.3 282.7 553.7 512.0
Insurance and Reinsurance Acquisition Expenses 105.3 98.9 200.9 194.0
Other Underwriting Expense 80.7 81.9 162.2 163.3
General and administrative expenses 108.1 70.3 224.5 120.6
Interest expense 10.9 10.0 22.0 20.1
Total expenses 593.3 543.8 1,163.3 1,010.0
Pre-tax income from continuing operations (5.8) 109.5 81.0 222.0
Income tax benefit (expense) 2.7 (24.5) (22.3) (55.4)
Net income from continuing operations (3.1) 85.0 58.7 166.6
Net (loss) income from sale of discontinued operations (0.1) 2.7 7.9 2.7
Net loss from discontinued operations, net of tax (0.2) (0.1) (0.3) (0.6)
Income before equity in earnings of unconsolidated affiliates (3.4) 87.6 66.3 168.7
Equity in earnings of unconsolidated affiliates, net of tax 6.8 12.5 14.1 26.3
Net income 3.4 100.1 80.4 195.0
Net loss (income) attributable to non-controlling interests 0.9 (4.6) 8.2 (4.0)
Net income attributable to White Mountains’s common shareholders 4.3 95.5 88.6 191.0
Other comprehensive (loss) income, net of tax:        
Change in equity in net unrealized (losses) gains from investments in Symetra common shares, net of tax (61.8) 32.9 (32.9) 69.4
Change in foreign currency translation, pension liability and other 44.2 (27.9) (43.4) (35.7)
Comprehensive income (13.3) 100.5 12.3 224.7
Comprehensive income attributable to non-controlling interests 0.0 0.0 0.0 0.0
Comprehensive income attributable to White Mountains’s common shareholders $ (13.3) $ 100.5 $ 12.3 $ 224.7
Basic income per share        
Continuing operations $ 0.76 $ 15.08 $ 13.53 $ 30.61
Discontinued operations (0.04) 0.43 1.27 0.34
Total consolidated operations 0.72 15.51 14.80 30.95
Diluted income per share        
Continuing operations 0.76 15.08 13.53 30.61
Discontinued operations (0.04) 0.43 1.27 0.34
Total consolidated operations 0.72 15.51 14.80 30.95
Dividends declared per White Mountains’s common share $ 1.00 $ 1.00 $ 1.00 $ 1.00