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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Earned insurance premiums $ 1,076.7 $ 664.2 $ 22.8
Net investment income 124.4 82.5 131.0
Net realized and unrealized investment gains (losses) (98.5) 134.2 30.8
Net realized and unrealized investment gains (losses) from investment in MediaAlpha (93.0) (380.3) 686.0
Commission revenues 11.5 9.6 8.3
Other revenues 136.8 104.2 16.7
Total revenues 1,157.9 614.4 895.6
Expenses:      
Loss and loss adjustment expenses 536.4 314.8  
Insurance acquisition expenses 250.6 186.3 7.0
Cost of sales 98.6 69.3 11.3
General and administrative expenses 376.2 292.5 207.9
Amortization of other intangible assets 5.2 4.6 1.6
Interest expense 40.3 20.5 7.4
Total expenses 1,307.3 888.0 235.2
Pre-tax income (loss) from continuing operations (149.4) (273.6) 660.4
Income tax (expense) benefit (41.4) (44.4) 14.8
Net income (loss) from continuing operations (190.8) (318.0) 675.2
Net income (loss) from discontinued operations, net of tax - NSM Group 16.4 (22.6) (9.5)
Net income (loss) 712.4 (321.9) 663.4
Net (income) loss attributable to non-controlling interests 80.4 46.5 45.3
Net income (loss) attributable to White Mountains’s common shareholders 792.8 (275.4) 708.7
Sirius Group      
Expenses:      
Net gain (loss) from sale of discontinued operations, net of tax 0.0 18.7 (2.3)
NSM      
Expenses:      
Net income (loss) from discontinued operations, net of tax - NSM Group 16.4 (22.6) (9.5)
Net gain (loss) from sale of discontinued operations, net of tax 886.8 0.0 0.0
HG Global-BAM      
Revenues:      
Earned insurance premiums 33.3 26.9 22.8
Net investment income 21.5 17.5 19.5
Net realized and unrealized investment gains (losses) (105.8) (22.9) 23.7
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0 0.0
Commission revenues 0.0 0.0 0.0
Other revenues 4.6 1.5 2.5
Total revenues (46.4) 23.0 68.5
Expenses:      
Loss and loss adjustment expenses 0.0 0.0  
Insurance acquisition expenses 11.2 8.3 7.0
Cost of sales 0.0 0.0 0.0
General and administrative expenses 69.1 57.1 56.8
Amortization of other intangible assets 0.0 0.0 0.0
Interest expense 8.3 0.0 0.0
Total expenses 88.6 65.4 63.8
Pre-tax income (loss) from continuing operations (135.0) (42.4) 4.7
Ark      
Revenues:      
Earned insurance premiums 1,043.4 637.3 0.0
Net investment income 16.3 2.9 0.0
Net realized and unrealized investment gains (losses) (55.2) 16.5 0.0
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0  
Commission revenues 0.0 0.0  
Other revenues 5.0 11.8 0.0
Total revenues 1,009.5 668.5 0.0
Expenses:      
Loss and loss adjustment expenses 536.4 314.8 0.0
Insurance acquisition expenses 239.4 178.0 0.0
Cost of sales 0.0 0.0  
General and administrative expenses 123.5 115.5 0.0
Amortization of other intangible assets 0.0 0.0  
Interest expense 15.1 7.3 0.0
Total expenses 914.4 615.6 0.0
Pre-tax income (loss) from continuing operations 95.1 52.9  
Kudu      
Revenues:      
Earned insurance premiums 0.0 0.0 0.0
Net investment income 54.4 43.9 29.5
Net realized and unrealized investment gains (losses) 64.1 89.9 15.9
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0 0.0
Commission revenues 0.0 0.0 0.0
Other revenues 0.0 0.2 0.3
Total revenues 118.5 134.0 45.7
Expenses:      
Loss and loss adjustment expenses 0.0  
Insurance acquisition expenses 0.0 0.0 0.0
Cost of sales 0.0 0.0 0.0
General and administrative expenses 14.4 14.5 11.8
Amortization of other intangible assets 0.3 0.3 0.3
Interest expense 15.0 11.7 6.0
Total expenses 29.7 26.5 18.1
Pre-tax income (loss) from continuing operations 88.8 107.5 27.6
Other Operations      
Revenues:      
Earned insurance premiums 0.0 0.0 0.0
Net investment income 32.2 18.2 82.0
Net realized and unrealized investment gains (losses) (1.6) 50.7 (8.8)
Net realized and unrealized investment gains (losses) from investment in MediaAlpha (93.0) (380.3) 686.0
Commission revenues 11.5 9.6 8.3
Other revenues 127.2 90.7 13.9
Total revenues 76.3 (211.1) 781.4
Expenses:      
Loss and loss adjustment expenses 0.0 0.0  
Insurance acquisition expenses 0.0 0.0 0.0
Cost of sales 98.6 69.3 11.3
General and administrative expenses 169.2 105.4 139.3
Amortization of other intangible assets 4.9 4.3 1.3
Interest expense 1.9 1.5 1.4
Total expenses 274.6 180.5 153.3
Pre-tax income (loss) from continuing operations $ (198.3) $ (391.6) $ 628.1