XML 199 R100.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information - Financial Information for White Mountain's Segments (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Segment Reporting Information [Line Items]    
Earned insurance premiums $ 202.8 $ 111.0
Net investment income 20.6 20.6
Net realized and unrealized investment gains (losses) (8.4) 1.1
Commission revenues 73.0 61.9
Other revenues 42.1 25.3
Total revenues 348.9 178.2
Loss and loss adjustment expenses 122.0 66.0
Insurance and reinsurance acquisition expenses 52.9 38.6
Cost of sales 21.4 4.0
General and administrative expenses 125.0 138.4
Broker commission expenses 20.6 18.9
Change in fair value of contingent consideration 0.1  
Amortization of other intangible assets 10.1 9.2
Loss on assets held for sale 0.0 28.7
Interest expense 9.0 13.1
Total expenses 361.1 316.9
Pre-tax income (loss) from continuing operations (12.2) (138.7)
Marketing Technology (MediaAlpha)    
Segment Reporting Information [Line Items]    
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 18.8 (41.7)
Financial Guarantee (HG Global/BAM)    
Segment Reporting Information [Line Items]    
Earned insurance premiums 8.4 6.4
Net investment income 4.6 4.5
Net realized and unrealized investment gains (losses) (45.1) (17.9)
Commission revenues 0.0 0.0
Other revenues 0.8 0.3
Total revenues (31.3) (6.7)
Loss and loss adjustment expenses 0.0 0.0
Insurance and reinsurance acquisition expenses 3.0 1.9
Cost of sales 0.0 0.0
General and administrative expenses 16.3 16.4
Broker commission expenses 0.0 0.0
Change in fair value of contingent consideration 0.0  
Amortization of other intangible assets 0.0 0.0
Loss on assets held for sale 0.0 0.0
Interest expense 0.0 0.0
Total expenses 19.3 18.3
Pre-tax income (loss) from continuing operations (50.6) (25.0)
Financial Guarantee (HG Global/BAM) | Marketing Technology (MediaAlpha)    
Segment Reporting Information [Line Items]    
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0
Ark    
Segment Reporting Information [Line Items]    
Earned insurance premiums 194.4 104.6
Net investment income 1.6 0.8
Net realized and unrealized investment gains (losses) (17.5) 1.1
Commission revenues 0.0 0.0
Other revenues (2.8) 2.6
Total revenues 175.7 109.1
Loss and loss adjustment expenses 122.0 66.0
Insurance and reinsurance acquisition expenses 49.9 36.7
Cost of sales 0.0 0.0
General and administrative expenses 23.1 37.8
Broker commission expenses 0.0 0.0
Change in fair value of contingent consideration 0.0  
Amortization of other intangible assets 0.0 0.0
Loss on assets held for sale 0.0 0.0
Interest expense 3.8 1.1
Total expenses 198.8 141.6
Pre-tax income (loss) from continuing operations (23.1) (32.5)
Ark | Marketing Technology (MediaAlpha)    
Segment Reporting Information [Line Items]    
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0
NSM Insurance Group [Member]    
Segment Reporting Information [Line Items]    
Earned insurance premiums 0.0 0.0
Net investment income 0.0 0.0
Net realized and unrealized investment gains (losses) 0.0 0.0
Commission revenues 70.1 59.6
Other revenues 18.4 15.2
Total revenues 88.5 74.8
Loss and loss adjustment expenses 0.0 0.0
Insurance and reinsurance acquisition expenses 0.0 0.0
Cost of sales 0.0 0.0
General and administrative expenses 54.0 46.0
Broker commission expenses 20.6 18.9
Change in fair value of contingent consideration 0.1 0.0
Amortization of other intangible assets 9.1 8.6
Loss on assets held for sale 0.0 28.7
Interest expense 2.1 5.9
Total expenses 85.9 108.1
Pre-tax income (loss) from continuing operations 2.6 (33.3)
NSM Insurance Group [Member] | Marketing Technology (MediaAlpha)    
Segment Reporting Information [Line Items]    
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0
Asset Management (Kudu)    
Segment Reporting Information [Line Items]    
Earned insurance premiums 0.0 0.0
Net investment income 12.6 8.2
Net realized and unrealized investment gains (losses) 22.3 15.8
Commission revenues 0.0 0.0
Other revenues 0.0 0.1
Total revenues 34.9 24.1
Loss and loss adjustment expenses 0.0 0.0
Insurance and reinsurance acquisition expenses 0.0 0.0
Cost of sales 0.0 0.0
General and administrative expenses 2.7 2.5
Broker commission expenses 0.0 0.0
Change in fair value of contingent consideration 0.0  
Amortization of other intangible assets 0.1 0.1
Loss on assets held for sale 0.0 0.0
Interest expense 2.8 5.8
Total expenses 5.6 8.4
Pre-tax income (loss) from continuing operations 29.3 15.7
Asset Management (Kudu) | Marketing Technology (MediaAlpha)    
Segment Reporting Information [Line Items]    
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0
Other Operations    
Segment Reporting Information [Line Items]    
Earned insurance premiums 0.0 0.0
Net investment income 1.8 7.1
Net realized and unrealized investment gains (losses) 31.9 2.1
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 18.8 (41.7)
Commission revenues 2.9 2.3
Other revenues 25.7 7.1
Total revenues 81.1 (23.1)
Loss and loss adjustment expenses 0.0 0.0
Insurance and reinsurance acquisition expenses 0.0 0.0
Cost of sales 21.4 4.0
General and administrative expenses 28.9 35.7
Broker commission expenses 0.0 0.0
Change in fair value of contingent consideration 0.0  
Amortization of other intangible assets 0.9 0.5
Loss on assets held for sale 0.0 0.0
Interest expense 0.3 0.3
Total expenses 51.5 40.5
Pre-tax income (loss) from continuing operations $ 29.6 $ (63.6)