Investments in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Equity Method Investments [Line Items]

Investments in and Advances to Affiliates

The following table presents the carrying values of White Mountains’s equity method eligible investments recorded within other long-term investments as of September 30, 2019 and December 31, 2018:



Millions	September 30, 2019		December 31, 2018
Equity method eligible investments, at fair value	$	673.2	$	269.7
Other ⁽¹⁾	100.5		55.9
Total other long-term investments	$	773.7	$	325.6

⁽¹⁾Consists of other long-term investments that are not equity method eligible.

Affiliated Entity

Schedule of Equity Method Investments [Line Items]

Equity Method Investments

The following table presents White Mountains’s significant equity method eligible investments as of September 30, 2019 and December 31, 2018:



	Basic Ownership Interest
Investee	September 30, 2019	December 31, 2018	Instrument Held
PassportCard/DavidShield	50.0%	50.0%	Common shares
MediaAlpha ⁽¹⁾	48.3%	n/a	Units
durchblicker	45.0%	45.0%	Common shares
Elementum Holdings, L.P.	30.0%	n/a	Limited partnership interest
Tuckerman Capital Funds ⁽²⁾	18.8 - 62.4%	18.5 - 62.3%	Limited and general partnership interests
Compare.com	18.4%	18.4%	Common shares
JAM Partners L.P.	11.1%	12.3%	Limited partnership interest
Enlightenment Capital Funds	10.0 - 36.5%	10.3 - 36.5%	Limited and general partnership interests
Kudu investments ⁽³⁾	3.2 - 30.0%	n/a	Revenue and earnings participations
Kudu ⁽³⁾	n/a	49.5%	Units

⁽¹⁾ As of December 31, 2018, MediaAlpha was a majority-owned consolidated subsidiary of White Mountains. See Note 2 — “Significant Transactions”

⁽²⁾ Includes White Mountains’s direct investment in Galvanic Applied Sciences.

⁽³⁾ As of September 30, 2019 White Mountains consolidates Kudu. See Note 2 — “Significant Transactions”.