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Equity-Method Eligible Investments (Tables)
 6 Months Ended
Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table presents the ownership interests and carrying values of White Mountains’s equity method eligible investments as of June 30, 2022 and December 31, 2021:
June 30, 2022December 31, 2021
MillionsOwnership InterestCarrying ValueOwnership InterestCarrying Value
Kudu Participation Contracts (1)
3.2 - 33.4%
$727.0 
3.2 - 32.0%
$669.5 
Investment in MediaAlpha27.6 %166.9 28.0 %261.6 
PassportCard/DavidShield53.8 %132.0 53.8 %120.0 
Elementum Holdings, L.P.29.7 %45.0 29.7 %45.0 
Other equity method eligible investments, at fair valueUnder 50.0%106.5 Under 50.0%109.3 
Other equity method eligible investments, at fair value50.0% and over27.7 50.0% and over17.8 
(1) Ownership interest generally references basic ownership interest with the exception of Kudu’s Participation Contracts, which are non-controlling equity interests in the form of revenue and earnings participation contracts.
The following tables present summarized financial information for MediaAlpha as of June 30, 2022 and December 31, 2021 and for the three and six months ended June 30, 2022 and 2021:
MillionsJune 30, 2022December 31, 2021
Balance sheet data:
Total assets$285.9 $289.8 
Total liabilities$345.4 $351.4 
Three Months Ended June 30,Six Months Ended June 30,
Millions2022202120222021
Income statement data:
Total revenues$103.4 $157.4 $246.0 $330.9 
Total expenses$116.4 $157.8 $268.9 $331.1 
Net income (loss)$(13.0)$(.4)$(22.9)$(.2)