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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Earned insurance premiums $ 3.4 $ 2.2 $ 6.4 $ 5.2
Net investment income 11.8 14.7 31.5 27.5
Net realized and unrealized investment gains 10.5 33.7 (43.2) 70.0
Advertising and commission revenues 95.4 31.3 166.4 65.1
Other revenue 1.2 1.6 3.3 4.5
Total revenues 122.3 83.5 164.4 172.3
Expenses:        
Loss and loss adjustment expenses       1.1
Insurance acquisition expenses 1.3 0.9 2.7 2.1
Other underwriting expenses 0.1 0.1 0.2 0.2
Cost of sales 61.0 26.8 119.1 55.6
General and administrative expenses 61.1 54.9 106.1 113.3
Broker commission expense 6.6   6.6  
Amortization of other intangible assets 2.6 2.5 5.5 4.9
Interest expense 2.0 0.5 2.6 0.9
Total expenses 134.7 85.7 242.8 178.1
Pre-tax income (loss) from continuing operations (12.4) (2.2) (78.4) (5.8)
Income tax benefit (2.5) 1.0 (3.2) 1.3
Net income (loss) from continuing operations (14.9) (1.2) (81.6) (4.5)
(Loss) gain from sale of discontinued operations, net of tax 0.0 (0.6) 0.1 (1.6)
Net (loss) income from discontinued operations, net of tax 0.0 3.4 0.0 35.7
Net income (14.9) 1.6 (81.5) 29.6
Net loss (income) attributable to non-controlling interests 18.4 12.0 37.0 13.0
Net income (loss) attributable to White Mountains’s common shareholders 3.5 13.6 (44.5) 42.6
HG Global-BAM | HG Global-BAM        
Revenues:        
Earned insurance premiums 3.4 2.2 6.4 4.2
Net investment income 4.0 3.0 7.7 5.6
Net realized and unrealized investment gains (2.4) 1.1 (10.3) 2.4
Advertising and commission revenues 0.0 0.0 0.0 0.0
Other revenue 0.4 0.2 0.6 0.6
Total revenues 5.4 6.5 4.4 12.8
Expenses:        
Loss and loss adjustment expenses       0.0
Insurance acquisition expenses 1.3 0.9 2.7 2.1
Other underwriting expenses 0.1 0.1 0.2 0.2
Cost of sales   0.0 0.0 0.0
General and administrative expenses 13.4 10.3 25.2 20.9
Broker commission expense 0.0   0.0  
Amortization of other intangible assets 0.0 0.0 0.0  
Interest expense   0.0 0.0 0.0
Total expenses 14.8 11.3 28.1 23.2
Pre-tax income (loss) from continuing operations (9.4) (4.8) (23.7) (10.4)
NSM Holding Co LLC | NSM Holding Co LLC        
Revenues:        
Earned insurance premiums 0.0   0.0  
Net investment income 0.0   0.0  
Net realized and unrealized investment gains 0.0   0.0  
Commission revenues 22.6 0.0 22.6 0.0
Other revenue 0.9 0.0 0.9 0.0
Total revenues 23.5 0.0 23.5 0.0
Expenses:        
Insurance acquisition expenses 0.0   0.0  
Other underwriting expenses 0.0   0.0  
Cost of sales 0.0   0.0  
General and administrative expenses 12.1 0.0 12.1 0.0
Broker commission expense 6.6 0.0 6.6 0.0
Amortization of other intangible assets 0.0   0.0  
Interest expense 1.6 0.0 1.6 0.0
Total expenses 20.3 0.0 20.3 0.0
Pre-tax income (loss) from continuing operations 3.2   3.2  
MediaAlpha | MediaAlpha        
Revenues:        
Earned insurance premiums   0.0 0.0 0.0
Net investment income   0.0 0.0 0.0
Net realized and unrealized investment gains   0.0 0.0 0.0
Advertising and commission revenues 71.8 30.8 141.9 63.3
Other revenue 0.0 0.0 1.6 0.0
Total revenues 71.8 30.8 143.5 63.3
Expenses:        
Loss and loss adjustment expenses       0.0
Insurance acquisition expenses     0.0 0.0
Other underwriting expenses   0.0 0.0 0.0
Cost of sales 59.9 26.1 117.3 53.8
General and administrative expenses 4.6 3.7 15.8 6.9
Broker commission expense 0.0   0.0  
Amortization of other intangible assets 2.5 2.5 5.4 4.9
Interest expense 0.3 0.3 0.7 0.5
Total expenses 67.3 32.6 139.2 66.1
Pre-tax income (loss) from continuing operations 4.5 (1.8) 4.3 (2.8)
Other | Other Segment        
Revenues:        
Earned insurance premiums 0.0 0.0 0.0 1.0
Net investment income 7.8 11.7 23.8 21.9
Net realized and unrealized investment gains 12.9 32.6 (32.9) 67.6
Advertising and commission revenues 1.0 0.5 1.9 1.8
Other revenue (0.1) 1.4 0.2 3.9
Total revenues 21.6 46.2 (7.0) 96.2
Expenses:        
Loss and loss adjustment expenses 0.0 0.0 0.0 1.1
Insurance acquisition expenses 0.0 0.0 0.0 0.0
Other underwriting expenses 0.0 0.0 0.0 0.0
Cost of sales 1.1 0.7 1.8 1.8
General and administrative expenses 31.0 40.9 53.0 85.5
Broker commission expense 0.0   0.0  
Amortization of other intangible assets 0.1 0.0 0.1 0.0
Interest expense 0.1 0.2 0.3 0.4
Total expenses 32.3 41.8 55.2 88.8
Pre-tax income (loss) from continuing operations $ (10.7) $ 4.4 $ (62.2) $ 7.4