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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Common equity securities, at fair value $ 561.5 $ 538.4
Other long-term investments 1,991.9 1,998.2
Goodwill and other intangible assets 736.6 370.6
Total assets 9,590.3 8,385.9
Liabilities    
Debt 532.1 534.6
Total liabilities 4,699.7 3,824.3
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 2,565,733 and 2,560,452 shares 2.6 2.6
Paid-in surplus 551.9 548.7
Retained earnings 3,917.7 3,690.8
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax (1.8) (1.6)
Accumulated other comprehensive income (loss), after-tax:    
Total White Mountains’s common shareholders’ equity 4,470.4 4,240.5
Noncontrolling interests 420.2 321.1
Total equity 4,890.6 4,561.6
Total liabilities and equity 9,590.3 8,385.9
Other Operations    
Assets    
Fixed maturity investments, at fair value 267.4 230.2
Common equity securities, at fair value 151.6 137.8
Investment in MediaAlpha, at fair value 465.6 254.9
Short-term investments, at fair value 126.1 425.2
Other long-term investments 617.0 661.0
Total investments 1,627.7 1,709.1
Cash 23.0 23.8
Goodwill and other intangible assets 68.7 69.8
Other assets 81.7 73.2
Total assets 1,801.1 1,875.9
Liabilities    
Debt 25.9 28.4
Accrued incentive compensation 47.6 87.7
Other liabilities 41.8 25.0
Total liabilities 115.3 141.1
P&C Insurance and Reinsurance (Ark/WM Outrigger)    
Liabilities    
Loss and loss adjustment expense reserves 1,744.5 1,605.1
P&C Insurance and Reinsurance (Ark/WM Outrigger) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 946.9 866.8
Common equity securities, at fair value 409.9 400.6
Short-term investments, at fair value 835.3 962.8
Other long-term investments 485.0 440.9
Total investments 2,677.1 2,671.1
Cash 129.1 90.5
Reinsurance recoverables 695.0 442.0
Insurance premiums receivable 1,001.5 612.2
Deferred acquisition costs 213.3 145.3
Goodwill and other intangible assets 292.5 292.5
Other assets 140.9 125.0
Total assets 5,149.4 4,378.6
Liabilities    
Loss and loss adjustment expense reserves 1,744.5 1,605.1
Unearned insurance premiums 1,234.7 743.6
Debt 155.4 185.5
Reinsurance payable 262.5 81.1
Contingent consideration 94.0 94.0
Other liabilities 190.1 166.8
Total liabilities 3,681.2 2,876.1
Financial Guarantee (HG Global/BAM) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 1,015.7 1,012.3
Short-term investments, at fair value 54.7 70.6
Total investments 1,070.4 1,082.9
Cash 4.7 6.7
Insurance premiums receivable 5.8 5.5
Deferred acquisition costs 40.9 40.1
Other assets 36.8 36.8
Total assets 1,158.6 1,172.0
Liabilities    
Unearned insurance premiums 328.5 325.8
Debt 147.0 146.9
Accrued incentive compensation 11.9 27.2
Other liabilities 31.9 31.8
Total liabilities 519.3 531.7
Asset Management (Kudu) | Operating Segments    
Assets    
Short-term investments, at fair value 19.8 29.3
Other long-term investments 889.9 896.3
Total investments 909.7 925.6
Cash 6.5 1.4
Accrued investment income 22.1 17.6
Goodwill and other intangible assets 8.2 8.3
Other assets 6.6 6.5
Total assets 953.1 959.4
Liabilities    
Debt 203.8 203.8
Other liabilities 61.8 71.6
Total liabilities 265.6 275.4
P&C Insurance Distribution (Bamboo) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 24.6 0.0
Short-term investments, at fair value 18.6 0.0
Total investments 43.2 0.0
Cash 62.0 0.0
Premiums, commissions and fees receivable 43.3 0.0
Goodwill and other intangible assets 367.2 0.0
Other assets 12.4 0.0
Total assets 528.1 0.0
Liabilities    
Loss and loss adjustment expense reserves 12.3 0.0
Unearned insurance premiums 25.7 0.0
Premiums and commissions payable 61.7 0.0
Other liabilities 18.6 0.0
Total liabilities $ 118.3 $ 0.0