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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Earned insurance premiums $ 1,440.9 $ 1,076.7 $ 664.2
Net investment income 194.2 124.4 82.5
Net realized and unrealized investment gains (losses) 434.2 (191.5) (246.1)
Commission revenues 13.2 11.5 9.6
Other revenues 84.2 136.8 104.2
Total revenues 2,166.7 1,157.9 614.4
Expenses:      
Loss and loss adjustment expenses 726.8 536.4 314.8
Acquisition expenses 290.1 250.6 186.3
Cost of sales 40.4 98.6 69.3
General and administrative expenses 432.6 364.1 291.6
Change in fair value of contingent consideration 48.7 17.3 5.5
Interest expense 62.7 40.3 20.5
Total expenses 1,601.3 1,307.3 888.0
Pre-tax income (loss) from continuing operations 565.4 (149.4) (273.6)
Income tax (expense) benefit 15.5 (41.4) (44.4)
Net income (loss) from continuing operations 580.9 (190.8) (318.0)
Net income (loss) from discontinued operations, net of tax - NSM Group 0.0 16.4 (22.6)
Net income (loss) 580.9 712.4 (321.9)
Net (income) loss attributable to noncontrolling interests (71.7) 80.4 46.5
Net income (loss) attributable to White Mountains’s common shareholders 509.2 792.8 (275.4)
NSM Group      
Expenses:      
Net gain (loss) from sale of discontinued operations, net of tax 0.0 886.8 0.0
Sirius Group      
Expenses:      
Net gain (loss) from sale of discontinued operations, net of tax 0.0 0.0 18.7
Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 407.1 (98.5) 134.2
MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 27.1 (93.0) (380.3)
Other Operations      
Revenues:      
Earned insurance premiums 0.0 0.0 0.0
Net investment income 30.1 32.2 18.2
Commission revenues 13.2 11.5 9.6
Other revenues 80.5 127.2 90.7
Total revenues 339.4 76.3 (211.1)
Expenses:      
Loss and loss adjustment expenses 0.0 0.0 0.0
Acquisition expenses 0.0 0.0 0.0
Cost of sales 40.4 98.6 69.3
General and administrative expenses 182.3 174.1 109.7
Change in fair value of contingent consideration 0.0 0.0 0.0
Interest expense 3.7 1.9 1.5
Total expenses 226.4 274.6 180.5
Pre-tax income (loss) from continuing operations 113.0 (198.3) (391.6)
Other Operations | Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 188.5 (1.6) 50.7
Other Operations | MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 27.1 (93.0) (380.3)
HG Global/BAM - Segment      
Revenues:      
Earned insurance premiums 31.2 33.3 26.9
HG Global/BAM - Segment | Operating Segments      
Revenues:      
Earned insurance premiums 31.2 33.3 26.9
Net investment income 31.7 21.5 17.5
Net realized and unrealized investment gains (losses) 26.6 (105.8) (22.9)
Other revenues 2.9 4.6 1.5
Total revenues 92.4 (46.4) 23.0
Expenses:      
Acquisition expenses 8.6 11.2 8.3
General and administrative expenses 68.9 69.1 57.1
Interest expense 16.5 8.3 0.0
Total expenses 94.0 88.6 65.4
Ark/WM Outrigger      
Revenues:      
Earned insurance premiums 1,409.7 1,043.4 637.3
Expenses:      
Loss and loss adjustment expenses 726.8 536.4 314.8
Ark/WM Outrigger | Operating Segments      
Revenues:      
Earned insurance premiums 1,409.7 1,043.4 637.3
Net investment income 61.4 16.3 2.9
Net realized and unrealized investment gains (losses) 85.9 (55.2) 16.5
Other revenues 0.8 5.0 11.8
Total revenues 1,557.8 1,009.5 668.5
Expenses:      
Loss and loss adjustment expenses 726.8 536.4 314.8
Acquisition expenses 281.5 239.4 178.0
General and administrative expenses 162.0 106.2 110.0
Change in fair value of contingent consideration 48.7 17.3 5.5
Interest expense 21.3 15.1 7.3
Total expenses 1,240.3 914.4 615.6
Kudu | Operating Segments      
Revenues:      
Earned insurance premiums 0.0 0.0 0.0
Net investment income 71.0 54.4 43.9
Net realized and unrealized investment gains (losses) 106.1 64.1 89.9
Commission revenues 0.0 0.0 0.0
Other revenues 0.0 0.0 0.2
Total revenues 177.1 118.5 134.0
Expenses:      
Loss and loss adjustment expenses 0.0 0.0 0.0
Acquisition expenses 0.0 0.0 0.0
Cost of sales 0.0 0.0 0.0
General and administrative expenses 19.4 14.7 14.8
Change in fair value of contingent consideration 0.0 0.0 0.0
Interest expense 21.2 15.0 11.7
Total expenses 40.6 29.7 26.5
Pre-tax income (loss) from continuing operations 136.5 88.8 107.5
Kudu | Operating Segments | Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 106.1 64.1 89.9
Kudu | Operating Segments | MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) $ 0.0 $ 0.0 $ 0.0