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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quartely Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA
(Unaudited)
 
Selected quarterly financial data for 2016 and 2015 is shown in the following table. The quarterly financial data includes, in the opinion of management, all recurring adjustments necessary for a fair presentation of the results of operations for the interim periods. As a result of the sale of Tranzact, Sirius, and Esurance and the Runoff Business, the results of operations for Tranzact, Sirius, Esurance and the Runoff Business have been classified as discontinued operations and are now presented, net of related income taxes, as such in the statement of comprehensive income. Prior year amounts have been reclassified to conform to the current period’s presentation. See Note 22 — “Held for Sale and Discontinued Operations”.
 
 
2016 Three Months Ended
 
2015 Three Months Ended
Millions, except per share amounts
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Revenues
 
$
268.2

 
$
365.0

 
$
358.2

 
$
369.3

 
$
602.6

 
$
296.1

 
$
368.7

 
$
354.3

Expenses
 
335.0

 
345.0

 
360.3

 
360.8

 
356.3

 
383.0

 
373.8

 
351.3

Pre-tax (loss) income
 
(66.8
)
 
20.0

 
(2.1
)
 
8.5

 
246.3

 
(86.9
)
 
(5.1
)
 
3.0

Tax benefit (expense)
 
23.0

 
6.7

 
6.0

 
9.7

 
1.0

 
1.6

 
2.2

 
(4.6
)
(Loss) income from continuing operations
 
(43.8
)
 
26.7

 
3.9

 
18.2

 
247.3

 
(85.3
)
 
(2.9
)
 
(1.6
)
(Loss) income from discontinued operations, net of tax
 
(6.8
)
 
61.9

 
358.6

 
1.1

 
19.6

 
6.5

 
(.5
)
 
71.3

Non-controlling interest in consolidated subsidiaries
 
17.3

 
3.1

 
(21.4
)
 
(6.3
)
 
(6.1
)
 
16.0

 
.9

 
7.3

Equity in earnings of unconsolidated affiliates
 
—

 
—

 
—

 
—

 
7.1

 
3.9

 
6.8

 
7.3

(Loss) income attributable to White Mountains’s common shareholders
 
$
(33.3
)
 
$
91.7

 
$
341.1

 
$
13.0

 
$
267.9

 
$
(58.9
)
 
$
4.3

 
$
84.3

(Loss) income attributable to White Mountains’s common shareholders per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
(5.81
)
 
$
6.12

 
$
(3.44
)
 
$
2.51

 
$
43.82

 
$
(11.10
)
 
$
0.80

 
$
1.76

Discontinued operations
 
(1.49
)
 
12.72

 
70.37

 
(.17
)
 
3.46

 
1.09

 
(.08
)
 
12.33

Total consolidated operations
 
$
(7.30
)
 
$
18.84

 
$
66.93

 
$
2.34

 
$
47.28

 
$
(10.01
)
 
$
0.72

 
$
14.09

Diluted
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
 
$
(5.81
)
 
$
6.11

 
$
(3.43
)
 
$
2.51

 
$
43.79

 
$
(11.10
)
 
$
0.80

 
$
1.76

Discontinued operations
 
(1.49
)
 
12.69

 
70.22

 
(.17
)
 
3.46

 
1.09

 
(.08
)
 
12.33

Total consolidated operations
 
$
(7.30
)
 
$
18.80

 
$
66.79

 
$
2.34

 
$
47.25

 
$
(10.01
)
 
$
0.72

 
$
14.09