Equity-Method Eligible Investments (Tables)

9 Months Ended

Sep. 30, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

The following table presents the basic ownership interests and carrying values of White Mountains’s equity method eligible investments as of September 30, 2021 and December 31, 2020:

	September 30, 2021				December 31, 2020
Millions	Basic Ownership Interest		Carrying Value		Basic Ownership Interest		Carrying Value
Kudu Participation Contracts	3.2 - 32.7%		604.7		3.2 - 35.0%		400.6
Investment in MediaAlpha	28.4	%	$	316.4	35.0	%	$	802.2
PassportCard/DavidShield	53.8	%	105.0		53.8	%	95.0
Elementum Holdings, L.P.	29.7	%	56.7		28.9	%	55.1
Other equity method eligible investments, at fair value	Under 50.0%		95.6		Under 50.0%		132.2
Other equity method eligible investments, at fair value	50.0% and over		17.2		50.0% and over		15.2

The following tables present summarized financial information for MediaAlpha as of September 30, 2021 and December 31, 2020 and for the three and nine months ended September 30, 2021 and 2020:

Millions	September 30, 2021		December 31, 2020
Balance sheet data:
Total assets	$	245.5	$	210.3
Total liabilities	$	318.4	$	315.5

	Three Months Ended September 30,				Nine Months Ended September 30,
Millions	2021		2020		2021		2020
Income statement data:
Total revenues	$	152.7	$	151.5	$	483.7	$	394.6
Total expenses	$	157.0	$	146.7	$	488.2	$	370.8
Net (loss) income	$	(4.3)	$	4.8	$	(4.5)	$	23.8