SCHEDULE I SUMMARY OF INVESTMENTS-OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2016

WHITE MOUNTAINS INSURANCE GROUP, LTD.

SUMMARY OF INVESTMENTS—OTHER THAN

INVESTMENTS IN RELATED PARTIES

At December 31, 2016



Millions	Cost		Carrying Value		Fair Value
Fixed maturity investments:
Bonds:
U.S. Government and government agencies and authorities	$	281.7	$	278.3	$	278.3
Debt securities issued by corporations	1,512.6		1,509.4		1,509.4
States, municipalities and political subdivisions	308.8		309.0		309.0
Mortgage and asset-backed securities	2,141.7		2,132.9		2,132.9
Foreign governments	12.9		13.2		13.2
Preferred stocks	8.3		14.0		14.0
Total fixed maturity investments ⁽¹⁾	4,266.0		4,256.8		4,256.8
Short-term investments ⁽¹⁾	287.1		287.1		287.1
Common equity securities:
Exchange traded funds	316.4		321.6		321.6
Banks, trust and insurance companies	11.2		11.6		11.6
Public utilities	—		—		—
Industrial, miscellaneous and other	113.2		141.1		141.1
Total common equity securities	440.8		474.3		474.3
Other long-term investments ⁽²⁾	314.9		323.3		323.3
Total investments	$	5,308.8	$	5,341.5	$	5,341.5


⁽¹⁾	Includes carrying value of $6.6 in fixed maturity investments and $0.1 in short-term investments that are classified as assets held for sale related to SSIE.


⁽²⁾	Includes carrying value of $3.5 associated with other long-term investment limited partnerships accounted for using the equity method, $(1.2) related to foreign currency forward contracts, and $12.3 for the carrying value of tax advantaged federal affordable housing development fund accounted for using the proportional amortization method.

Schedules of the Registrant should be read in conjunction with the Consolidated Financial Statements and Notes.