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Equity-Method Eligible Investments (Tables)
 9 Months Ended
Sep. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table presents White Mountains’s significant equity method eligible investments as of September 30, 2020 and December 31, 2019:
 
 
Basic Ownership Interest
 
 
Investee
 
September 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
 
14.5 - 62.2%
 
17.5 - 62.4%
 
Limited and general partnership interests
Enlightenment Capital Funds
 
9.6 - 66.7%
 
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 nine months ending September 30, 2020, White Mountains made an additional $15 million investment in PassportCard/DavidShield. See Note 2 — “Significant Transactions”.

The following tables present summarized financial information for MediaAlpha which is considered a significant subsidiary for the nine months ending September 30, 2020:
Millions
 
September 30, 2020
 
December 31, 2019
Balance sheet data:
 
 
 
 
Total assets
 
$
135.7

 
$
105.4

Total liabilities
 
$
460.8

 
$
144.9


 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
Millions
 
2020
 
2019
 
2020
 
2019
Income statement data:
 
 
 
 
 
 
 
 
Total revenues
 
$
151.5

 
$
110.4

 
$
394.6

 
$
281.9

Total expenses
 
$
(144.1
)
 
$
(102.6
)
 
$
(368.2
)
 
$
(274.5
)
Net income
 
$
7.4

 
$
7.8

 
$
26.4

 
$
7.4


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, 2020 and December 31, 2019:
Millions
 
September 30, 2020
 
December 31, 2019
Equity method eligible investments, at fair value
 
$
1,087.0

 
$
761.7

Other, at fair value (1)
 
84.2

 
94.6

     Total other long-term investments
 
$
1,171.2

 
$
856.3

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