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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quartely Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA
(Unaudited)
 
The following table presents selected quarterly financial data for 2018 and 2017. 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 OneBeacon, Sirius Group and Tranzact transactions, the results of operations for OneBeacon, Tranzact and Sirius Group have been classified as discontinued operations and are now presented, net of related income taxes, as such in the statement of comprehensive income. See Note 19 — “Held for Sale and Discontinued Operations”.
Prior year amounts have been reclassified to conform to the current period’s presentation. Prior year amounts have also been adjusted for the impact of White Mountains’s financial statement revisions.
 
 
2018 Three Months Ended
 
2017 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
 
$
6.0

 
$
198.7

 
$
122.3

 
$
42.1

 
$
114.0

 
$
87.5

 
$
83.5

 
$
88.8

Expenses
 
150.1

 
154.4

 
134.7

 
108.1

 
108.8

 
79.1

 
85.7

 
92.4

Pre-tax income (loss)
 
(144.1
)
 
44.3

 
(12.4
)
 
(66.0
)
 
5.2

 
8.4

 
(2.2
)
 
(3.6
)
Tax benefit (expense)
 
3.6

 
3.6

 
(2.5
)
 
(.7
)
 
2.5

 
4.0

 
1.0

 
0.3

Income (loss) from continuing operations
 
(140.5
)
 
47.9

 
(14.9
)
 
(66.7
)
 
7.7

 
12.4

 
(1.2
)
 
(3.3
)
Income (loss) from discontinued operations, net of tax
 
—

 
(17.3
)
 
—

 
.1

 
4.3

 
539.1

 
2.8

 
31.3

Non-controlling interest in consolidated subsidiaries
 
3.0

 
10.2

 
18.4

 
18.6

 
10.5

 
10.6

 
12.0

 
1.0

Income (loss) attributable to White Mountains’s common shareholders
 
$
(137.5
)
 
$
40.8

 
$
3.5

 
$
(48.0
)
 
$
22.5

 
$
562.1

 
$
13.6

 
$
29.0

Income (loss) attributable to White Mountains’s common shareholders per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
(43.24
)
 
$
18.27

 
$
1.02

 
$
(12.85
)
 
$
4.85

 
$
5.36

 
$
2.36

 
$
(0.52
)
Discontinued operations
 
—

 
(5.44
)
 
—

 
.03

 
1.15

 
125.45

 
.61

 
6.86

Total consolidated operations
 
$
(43.24
)
 
$
12.83

 
$
1.02

 
$
(12.82
)
 
$
6.00

 
$
130.81

 
$
2.97

 
$
6.34

Diluted
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
 
$
(43.24
)
 
$
18.27

 
$
1.02

 
$
(12.85
)
 
$
4.85

 
$
5.36

 
$
2.36

 
$
(0.52
)
Discontinued operations
 
—

 
(5.44
)
 
—

 
.03

 
1.15

 
125.45

 
.61

 
6.86

Total consolidated operations
 
$
(43.24
)
 
$
12.83

 
$
1.02

 
$
(12.82
)
 
$
6.00

 
$
130.81

 
$
2.97

 
$
6.34