CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets
Fixed maturity investments, at fair value	$ 4,250.2	$ 2,630.2
Short-term investments, at amortized cost (which approximates fair value)	287.0	211.2
Common equity securities, at fair value	474.3	1,113.9
Other long-term investments	323.3	315.8
Total investments	5,334.8	4,271.1
Cash (restricted $0.0 and $5.8)	149.8	173.0
Reinsurance recoverable on unpaid losses	172.9	186.0
Reinsurance recoverable on paid losses	6.6	7.5
Insurance premiums receivable	229.9	220.3
Deferred acquisition costs	106.9	107.6
Deferred Income Tax Assets	126.7	112.8
Ceded unearned insurance premiums	44.2	29.5
Accrued investment income	26.1	13.9
Accounts receivable on unsettled investment sales	6.2	41.9
Goodwill and intangible assets	55.9	55.4
Other assets	274.6	273.2
Assets held for sale	10.1	4,790.4
Total assets	6,544.7	10,282.6
Liabilities
Loss and loss adjustment expense reserves	1,365.6	1,389.8
Unearned insurance premiums	658.0	610.5
Debt	285.9	337.6
Accrued incentive compensation	140.0	140.7
Funds held under insurance contracts	153.0	137.8
Other liabilities	199.9	250.8
Liabilities held for sale	5.1	3,047.4
Total liabilities	2,807.5	5,914.6
White Mountains’s common shareholders’ equity
White Mountains’s common shares at $1 par value per share—authorized 50,000,000 shares; issued and outstanding 4,563,814 and 5,623,735 shares	4.6	5.6
Paid-in surplus	806.1	972.6
Retained earnings	2,797.2	3,084.9
Accumulated other comprehensive loss, after-tax:
Net unrealized foreign currency translation losses	(1.4)	(145.6)
Pension liability and other	(3.2)	(4.3)
Total White Mountains’s common shareholders’ equity	3,603.3	3,913.2
Non-controlling interests
Non-controlling interests	133.9	454.8
Total equity	3,737.2	4,368.0
Total liabilities and equity	$ 6,544.7	$ 10,282.6