Non-controlling Interests

9 Months Ended

Sep. 30, 2022

Noncontrolling Interest [Abstract]

Non-controlling Interests

Non-controlling Interests

Non-controlling interests consist of the ownership interests of non-controlling shareholders in consolidated entities and are presented separately on the balance sheet.

The following table presents the balance of non-controlling interests included in White Mountains’s total equity and the ownership interests held by non-controlling shareholders as of September 30, 2022 and December 31, 2021:

	September 30, 2022				December 31, 2021
$ in Millions	Non-controlling Percentage (1)		Non-controlling Equity		Non-controlling Percentage (1)		Non-controlling Equity
Non-controlling interests, excluding BAM
HG Global	3.1	%	$	(.3)	3.1	%	$	8.9
Ark	28.0	%	217.1		28.0	%	230.7
Kudu	10.7	%	80.8		.7	%	12.4
NSM (2)	—	%	—		3.5	%	16.7
Other	various		20.8		various		11.9
Total, excluding BAM			318.4				280.6
BAM	100.0	%	(160.1)		100.0	%	(124.0)
Total non-controlling interests			$	158.3			$	156.6

(1) The non-controlling percentage represents the basic ownership interests held by non-controlling shareholders with the exception of HG Global, for which the non-controlling percentage represents the preferred share ownership held by non-controlling shareholders.

(2) As a result of the NSM Transaction, NSM has been classified as discontinued operations through the closing of the transaction. See Note 19 — “Held for Sale and Discontinued Operations.”