CONSOLIDATED BALANCE SHEETS CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets
Goodwill and other intangible assets	$ 667.6	$ 537.5
Total assets	3,752.2	3,362.6
Liabilities
Debt	230.5	192.7
Total liabilities	744.3	644.4
White Mountains’s common shareholders’ equity
White Mountains’s common shares at $1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,185,353 and 3,173,115 shares	3.2	3.2
Paid-in surplus	587.3	580.8
Retained earnings	2,562.8	2,264.9
Accumulated other comprehensive loss, after tax:
Net unrealized foreign currency translation losses and interest rate swap	(9.0)	(5.8)
Total White Mountains’s common shareholders’ equity	3,144.3	2,843.1
Non-controlling interests
Non-controlling interests	(136.4)	(124.9)
Total equity	3,007.9	2,718.2
Total liabilities and equity	3,752.2	3,362.6
HG Global-BAM
Assets
Fixed maturity investments, at fair value	762.9	701.4
Short-term investments, at fair value	34.8	66.9
Total investments	797.7	768.3
Cash (restricted $88.8 and $50.0)	10.3	12.5
Insurance premiums receivable	6.6	6.4
Deferred acquisition costs	20.5	19.0
Accrued investment income	5.3	4.9
Accounts receivable on unsettled investment sales	8.0	0.0
Other assets	16.1	5.1
Total assets	864.5	816.2
Liabilities
Unearned insurance premiums	187.8	176.0
Accrued incentive compensation	14.5	20.4
Accounts payable on unsettled investment purchases	0.0	2.2
Other liabilities	27.4	13.9
Total liabilities	229.7	212.5
NSM Holding Co LLC
Assets
Short-term investments, at fair value	0.2	1.7
Cash (restricted $88.8 and $50.0)	119.7	66.2
Insurance premiums receivable	57.6	44.0
Goodwill and other intangible assets	636.8	486.2
Other assets	36.8	28.9
Total assets	851.1	627.0
Liabilities
Debt	219.7	178.5
Premiums payable	118.7	77.2
Contingent consideration earnout liabilities	30.9	20.2
Other liabilities	56.1	38.9
Total liabilities	425.4	314.8
Non-controlling interests
Non-controlling interests	15.1	13.6
Kudu Investment Management, LLC
Assets
Short-term investments, at fair value	0.1	0.0
Other long-term investments	142.2	0.0
Cash (restricted $88.8 and $50.0)	2.7	0.0
Accrued investment income	2.7	0.0
Goodwill and other intangible assets	9.8	0.0
Other assets	2.9	0.0
Total assets	160.4	0.0
Liabilities
Other liabilities	3.5	0.0
Total liabilities	3.5	0.0
Non-controlling interests
Non-controlling interests	1.6	0.0
MediaAlpha
Assets
Cash (restricted $88.8 and $50.0)	0.0	5.7
Goodwill and other intangible assets	0.0	43.4
Accounts receivable from publishers and advertisers	0.0	37.0
Other assets	0.0	2.3
Total assets	0.0	88.4
Liabilities
Debt	0.0	14.2
Amounts due to publishers and advertisers	0.0	27.0
Other liabilities	0.0	5.7
Total liabilities	0.0	46.9
Non-controlling interests
Non-controlling interests	0.0	16.2
Other Segment
Assets
Fixed maturity investments, at fair value	346.5	376.1
Short-term investments, at fair value	152.0	145.6
Common equity securities, at fair value	709.2	925.6
Other long-term investments	522.2	325.6
Total investments	1,729.9	1,772.9
Cash (restricted $88.8 and $50.0)	17.6	25.9
Accrued investment income	5.4	5.5
Accounts receivable on unsettled investment sales	72.8	0.0
Goodwill and other intangible assets	21.0	7.9
Other assets	26.7	15.5
Assets held for sale	2.8	3.3
Total assets	1,876.2	1,831.0
Liabilities
Debt	10.8	0.0
Accrued incentive compensation	36.8	38.9
Accounts payable on unsettled investment purchases	0.0	5.0
Other liabilities	38.1	26.3
Total liabilities	$ 85.7	$ 70.2