XML 67 R51.htm IDEA: XBRL DOCUMENT v3.22.4
Equity Method Eligible Investments (Tables)
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of equity method eligible investments
The following table presents the ownership interests and carrying values of equity method eligible investments as of December 31, 2022 and 2021:
December 31, 2022December 31, 2021
$ in MillionsOwnership InterestCarrying ValueOwnership InterestCarrying Value
Kudu Participation Contracts (1)
4.1 - 30.0%
$695.9 
3.2 - 32.0%
$669.5 
Investment in MediaAlpha27.1 %168.6 28.0 %261.6 
PassportCard/DavidShield53.8 %135.0 53.8 %120.0 
Elementum Holdings, L.P.29.7 %30.0 29.7 %45.0 
Other equity method eligible investments, at fair valueUnder 50.0%84.4 Under 50.0%109.3 
Other equity method eligible investments, at fair value50.0% and over— 50.0% and over17.8 
Schedule of significant equity method eligible investments
December 31,
Millions20222021
Balance sheet data:
Total assets$170.1 $289.8 
Total liabilities$256.2 $351.4 

Year Ended December 31,
Millions202220212020
Income statement data:
Total revenues$459.1 $645.3 $584.8 
Total expenses$531.5 $653.8 $574.2 
Net income (loss)$(72.4)$(8.5)$10.6 

The following tables present aggregated summarized financial information for White Mountains’s investments in equity method eligible unconsolidated entities, excluding MediaAlpha:

December 31,
Millions20222021
Balance sheet data(1):
Total assets$2,252.5 $1,845.7 
Total liabilities$526.9 $373.4 
(1) Financial data for White Mountains’s equity method eligible investees is generally reported on a one-quarter lag.
Year Ended December 31,
Millions202220212020
Income statement data(1):
Total revenues$735.3 $987.4 $526.5 
Total expenses$515.9 $418.7 $325.9 
Net income (loss)$219.4 $568.7 $200.6 
(1) Financial data for White Mountains’s equity method eligible investees is generally reported on a one-quarter lag.