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

12 Months Ended

Dec. 31, 2017

WHITE MOUNTAINS INSURANCE GROUP, LTD.

SUMMARY OF INVESTMENTS—OTHER THAN

INVESTMENTS IN RELATED PARTIES

At December 31, 2017



Millions	Cost		Carrying Value		Fair Value
Fixed maturity investments:
U.S. Government and government agencies and authorities	$	297.8	$	296.5	$	296.5
Debt securities issued by corporations	867.6		880.9		880.9
Mortgage and asset-backed securities	697.2		694.7		694.7
States, municipalities and political subdivisions	252.0		254.9		254.9
Foreign governments	2.6		2.7		2.7
Total fixed maturity investments	2,117.2		2,129.7		2,129.7
Short-term investments	176.1		176.1		176.1
Common equity securities:
Exchange traded funds	512.5		569.7		569.7
Banks, trust and insurance companies	12.8		16.3		16.3
Industrial, miscellaneous and other	214.4		280.1		280.1
Total common equity securities	739.7		866.1		866.1
Other long-term investments ⁽¹⁾	246.6		208.8		208.8
Total investments	$	3,279.6	$	3,380.7	$	3,380.7


⁽¹⁾	Includes carrying value of $(3.7) related to foreign currency forward contracts.

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