CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Investments
Other long-term investments	$ 1,171.2	$ 856.3
Goodwill and other intangible assets	776.3	654.7
Total assets	4,383.4	3,983.2
Liabilities
Debt	359.4	283.5
Total liabilities	1,074.2	838.5
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 3,102,011 and 3,185,353 shares and paid-in surplus	592.1	596.3
Retained earnings	2,822.1	2,672.4
Accumulated other comprehensive loss, after-tax:
Net unrealized foreign currency translation and interest rate swap losses	(6.5)	(7.2)
Total White Mountains’s common shareholders’ equity	3,407.7	3,261.5
Non-controlling interests	(98.5)	(116.8)
Total equity	3,309.2	3,144.7
Total liabilities and equity	4,383.4	3,983.2
Financial Guarantee (HG Global/BAM)
Investments
Fixed maturity investments, at fair value	831.8	799.3
Short-term investments, at fair value	56.1	46.3
Total investments	887.9	845.6
Cash	49.9	24.2
Insurance premiums receivable	7.2	6.7
Deferred acquisition costs	26.1	22.1
Accrued investment income	5.2	5.4
Accounts receivable on unsettled investment sales	0.0	3.9
Other assets	15.0	16.1
Total assets	991.3	924.0
Liabilities
Unearned insurance premiums	226.9	198.4
Accrued incentive compensation	19.4	21.7
Accounts payable on unsettled investment purchases	6.4	0.0
Other liabilities	27.8	26.7
Total liabilities	280.5	246.8
Specialty Insurance Distribution (NSM)
Investments
Cash	125.0	89.7
Premiums and commissions receivable	67.7	70.8
Goodwill and other intangible assets	730.3	623.0
Other assets	57.2	41.7
Total assets	980.2	825.2
Liabilities
Debt	270.2	219.2
Premiums payable	116.9	102.3
Contingent consideration earnout liabilities	11.8	20.6
Other liabilities	77.5	59.0
Total liabilities	476.4	401.1
Asset Management (Kudu)
Investments
Short-term investments, at fair value	0.1	0.1
Other long-term investments	325.5	266.5
Total investments	325.6	266.6
Cash	8.4	5.8
Accrued investment income	6.2	5.8
Goodwill and other intangible assets	9.3	9.6
Other assets	2.4	2.7
Total assets	351.9	290.5
Liabilities
Debt	71.0	53.6
Other liabilities	10.2	3.4
Total liabilities	81.2	57.0
Other Operations
Investments
Fixed maturity investments, at fair value	389.7	406.5
Short-term investments, at fair value	515.6	154.8
Common equity securities, at fair value	140.7	683.9
Other long-term investments	845.7	589.8
Total investments	1,891.7	1,835.0
Cash	31.5	41.3
Accrued investment income	2.8	5.7
Accounts receivable on unsettled investment sales	54.7	5.1
Goodwill and other intangible assets	36.7	22.1
Other assets	41.9	31.3
Assets held for sale	0.7	3.0
Total assets	2,060.0	1,943.5
Liabilities
Debt	18.2	10.7
Accrued incentive compensation	41.9	55.1
Other liabilities	176.0	67.8
Total liabilities	$ 236.1	$ 133.6