Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lease, Cost

The following table summarizes net lease expense recognized in White Mountains’s consolidated statement of operations for the three and six months ended June 30, 2019:

Millions Lease Cost	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Lease cost	$	1.8	$	3.5
Less: sublease income	.1		.2
Net lease cost	$	1.7	$	3.3

Lessee, Operating Lease, Liability, Maturity

The following table presents the contractual maturities of the lease liabilities associated with White Mountains’s operating lease agreements as of June 30, 2019:

Millions	As of June 30, 2019
Remainder of 2019	$	5.1
2020	5.5
2021	4.5
2022	4.1
2023	3.5
Thereafter	6.3
Total undiscounted lease payments	29.0
Less: present value adjustment	4.9
Operating lease liability	$	24.1

Schedule of Right-of-Use Assets and Lease Liabilities

The following table presents lease related assets and liabilities by reportable segment as of June 30, 2019:

	As of June 30, 2019
Millions	HG/BAM		NSM		Kudu		Other Operations		Total		Weighted Average Incremental Borrowing Rate (1)
ROU lease asset	$	11.3	$	5.0	$	2.4	$	5.1	$	23.8	4.6%
Lease liability	$	11.3	$	5.0	$	2.4	$	5.4	$	24.1

⁽¹⁾ The present value of the remaining lease payments were determined by discounting the lease payments using the incremental borrowing rate.