Investments in Unconsolidated Entities (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019:



Millions	June 30, 2020		December 31, 2019
Equity method eligible investments, at fair value	$	815.3	$	761.7
Other, at fair value ⁽¹⁾	82.8		94.6
Total other long-term investments	$	898.1	$	856.3

⁽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 June 30, 2020 and December 31, 2019:



	Basic Ownership Interest
Investee	June 30, 2020	December 31, 2019	Instrument Held
PassportCard/DavidShield ⁽¹⁾	53.8%	50.0%	Common shares
MediaAlpha	48.3%	48.3%	Units
durchblicker	45.0%	45.0%	Common shares
Elementum	30.0%	30.0%	Limited partnership interest
Tuckerman Capital Funds	14.3 - 62.3%	17.5 - 62.4%	Limited and general partnership interests
Enlightenment Capital Funds	9.4 - 36.5%	10.0 - 38.4%	Limited and general partnership interests
JAM Partners L.P.	—	11.1%	Limited partnership interest
Kudu Participation Contracts	3.2 - 35.0%	3.2 - 30.0%	Revenue and earnings participation contracts

⁽¹⁾During the three months ending June 30, 2020, White Mountains made an additional $15 investment in PassportCard/DavidShield. See Note 2 — “Significant Transactions”.

MediaAlpha, Kudu and Tuckerman

Schedule of Equity Method Investments [Line Items]

Equity Method Investments



Millions	June 30, 2020		December 31, 2019
Balance sheet data ⁽¹⁾:
Total assets	$	420.5	$	457.0
Total liabilities	$	200.2	$	199.0

⁽¹⁾Financial data for Tuckerman IV Fund, L.P. and Kudu Participation Contracts is reported on a one-quarter lag.



	Three Months Ended					Six Months Ended
	June 30,					June 30,
Millions	2020			2019		2020		2019
Income statement data ⁽¹⁾:
Total revenues	$	118.7		$	93.7	$	307.2	$	178.4
Total expenses	$	131.9		$	83.6	$	273.8	$	171.1
Net income (loss)	$	(21.8	)	$	10.1	$	21.8	$	7.3