CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Investments
Other long-term investments	$ 1,622.7	$ 1,377.8
Total assets	7,545.0	7,000.7
Liabilities
Loss and loss adjustment expense reserves	1,329.4	894.7
Debt	615.5	420.9
Total liabilities	3,678.7	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 2,576,232 and 3,017,772 shares	2.6	3.0
Paid-in surplus	532.7	585.9
Retained earnings	3,175.9	2,957.5
Accumulated other comprehensive income (loss), after-tax:
Net unrealized gains (losses) from foreign currency translation and interest rate swap	(3.2)	1.7
Total White Mountains’s common shareholders’ equity	3,708.0	3,548.1
Non-controlling interests	158.3	156.6
Total equity	3,866.3	3,704.7
Total liabilities and equity	7,545.0	7,000.7
Financial Guarantee (HG Global/BAM)
Investments
Fixed maturity investments, at fair value	874.4	934.1
Short-term investments, at fair value	62.3	32.4
Total investments	936.7	966.5
Cash	17.3	19.8
Insurance premiums receivable	6.6	6.9
Deferred acquisition costs	34.9	33.1
Other assets	22.3	18.5
Total assets	1,017.8	1,044.8
Liabilities
Unearned insurance premiums	286.7	266.3
Debt	146.4	0.0
Accrued incentive compensation	21.6	24.7
Other liabilities	29.5	30.9
Total liabilities	484.2	321.9
P&C Insurance and Reinsurance (Ark)
Investments
Fixed maturity investments, at fair value	741.8	688.6
Common equity securities, at fair value	286.4	251.1
Short-term investments, at fair value	309.4	296.2
Other long-term investments	329.7	326.2
Total investments	1,667.3	1,562.1
Cash	123.4	67.8
Reinsurance recoverables	550.9	448.4
Insurance premiums receivable	698.6	416.0
Ceded unearned premiums	59.7	67.1
Deferred acquisition costs	151.4	108.2
Goodwill and other intangible assets	292.5	292.5
Other assets	62.9	64.9
Total assets	3,606.7	3,027.0
Liabilities
Loss and loss adjustment expense reserves	1,329.4	894.7
Unearned insurance premiums	781.3	495.9
Debt	180.0	185.9
Reinsurance payable	312.7	424.1
Contingent consideration	32.9	28.0
Other liabilities	107.6	93.8
Total liabilities	2,743.9	2,122.4
Asset Management (Kudu)
Investments
Other long-term investments	813.2	669.5
Cash	76.6	21.4
Accrued investment income	12.5	16.9
Goodwill and other intangible assets	8.7	8.9
Other assets	9.7	10.4
Total assets	920.7	727.1
Liabilities
Debt	253.5	218.2
Other liabilities	59.7	42.8
Total liabilities	313.2	261.0
Other Operations
Investments
Fixed maturity investments, at fair value	238.1	286.2
Common equity securities, at fair value	46.4	0.0
Short-term investments, at fair value	824.7	129.5
Investment in MediaAlpha, at fair value	148.2	261.6
Other long-term investments	479.8	382.1
Total investments	1,737.2	1,059.4
Cash	28.4	38.7
Goodwill and other intangible assets	92.0	39.1
Other assets	142.2	59.5
Assets held for sale - NSM	0.0	989.0
Assets held for sale - Other	0.0	16.1
Total assets	1,999.8	2,201.8
Liabilities
Debt	35.6	16.8
Accrued incentive compensation	67.2	48.5
Other liabilities	34.6	30.1
Liabilities held for sale - NSM Group	0.0	495.3
Total liabilities	$ 137.4	$ 590.7