CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Investments
Other long-term investments	$ 1,468.7	$ 1,377.8
Total assets	7,660.9	7,000.7
Liabilities
Loss and loss adjustment expense reserves	1,022.1	894.7
Debt	618.1	420.9
Total liabilities	4,168.9	3,296.0
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 2,942,877 and 3,017,772 shares	2.9	3.0
Paid-in surplus	600.3	585.9
Retained earnings	2,725.1	2,957.5
Accumulated other comprehensive income (loss), after-tax:
Net unrealized gains (losses) from foreign currency translation and interest rate swap	(5.0)	1.7
Total White Mountains’s common shareholders’ equity	3,323.3	3,548.1
Non-controlling interests	168.7	156.6
Total equity	3,492.0	3,704.7
Total liabilities and equity	7,660.9	7,000.7
Financial Guarantee (HG Global/BAM)
Investments
Fixed maturity investments, at fair value	884.4	934.1
Short-term investments, at fair value	55.3	32.4
Total investments	939.7	966.5
Cash	21.6	19.8
Insurance premiums receivable	6.9	6.9
Deferred acquisition costs	33.9	33.1
Other assets	19.7	18.5
Total assets	1,021.8	1,044.8
Liabilities
Unearned insurance premiums	274.0	266.3
Debt	146.3	0.0
Accrued incentive compensation	16.5	24.7
Other liabilities	32.7	30.9
Total liabilities	469.5	321.9
P&C Insurance and Reinsurance (Ark)
Investments
Fixed maturity investments, at fair value	739.3	688.6
Common equity securities, at fair value	278.6	251.1
Short-term investments, at fair value	101.2	296.2
Other long-term investments	330.0	326.2
Total investments	1,449.1	1,562.1
Cash	214.6	67.8
Reinsurance recoverables	398.7	448.4
Insurance premiums receivable	894.8	416.0
Ceded unearned premiums	105.4	67.1
Deferred acquisition costs	192.4	108.2
Goodwill and other intangible assets	292.5	292.5
Other assets	67.9	64.9
Total assets	3,615.4	3,027.0
Liabilities
Loss and loss adjustment expense reserves	1,022.1	894.7
Unearned insurance premiums	1,020.6	495.9
Debt	183.5	185.9
Reinsurance payable	418.8	424.1
Contingent consideration	30.2	28.0
Other liabilities	105.1	93.8
Total liabilities	2,780.3	2,122.4
Asset Management (Kudu)
Investments
Other long-term investments	727.0	669.5
Cash	124.1	21.4
Accrued investment income	11.2	16.9
Goodwill and other intangible assets	8.7	8.9
Other assets	10.4	10.4
Total assets	881.4	727.1
Liabilities
Debt	253.3	218.2
Other liabilities	45.3	42.8
Total liabilities	298.6	261.0
Other Operations
Investments
Fixed maturity investments, at fair value	243.0	286.2
Short-term investments, at fair value	88.6	129.5
Investment in MediaAlpha, at fair value	166.9	261.6
Other long-term investments	411.7	382.1
Total investments	910.2	1,059.4
Cash	23.1	38.7
Goodwill and other intangible assets	96.8	39.1
Other assets	114.4	59.5
Assets held for sale - NSM	997.8	989.0
Assets held for sale - Other	0.0	16.1
Total assets	2,142.3	2,201.8
Liabilities
Debt	35.0	16.8
Accrued incentive compensation	51.1	48.5
Other liabilities	30.0	30.1
Liabilities held for sale - NSM Group	504.4	495.3
Total liabilities	$ 620.5	$ 590.7