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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Earned insurance premiums $ 319.0 $ 262.8
Net investment income 57.0 39.0
Net realized and unrealized investment gains (losses) 226.8 198.1
Commission revenues 25.5 3.3
Other revenues 19.0 28.7
Total revenues 647.3 531.9
Expenses:    
Loss and loss adjustment expenses 185.8 147.8
Acquisition expenses 71.6 62.5
Cost of sales 7.6 13.9
General and administrative expenses 125.2 96.0
Broker commission expenses 9.3  
Change in fair value of contingent consideration 0.0 (2.4)
Interest expense 15.2 15.0
Total expenses 414.7 332.8
Pre-tax income (loss) 232.6 199.1
Income tax (expense) benefit (10.8) (11.9)
Net income (loss) 221.8 187.2
Net (income) loss attributable to noncontrolling interests 14.6 (7.7)
Net income (loss) attributable to White Mountains’s common shareholders 236.4 179.5
Other Operations    
Revenues:    
Earned insurance premiums 0.0 0.0
Net investment income 9.9 7.0
Commission revenues 3.6 3.3
Other revenues 14.4 30.6
Total revenues 260.8 167.9
Expenses:    
Loss and loss adjustment expenses 0.0 0.0
Acquisition expenses 0.0 0.0
Cost of sales 7.6 13.9
General and administrative expenses 50.3 39.7
Broker commission expenses 0.0  
Change in fair value of contingent consideration 0.0 0.0
Interest expense 0.7 0.8
Total expenses 58.6 54.4
Pre-tax income (loss) 202.2 113.5
Investments, Excluding MediaAlpha    
Revenues:    
Net realized and unrealized investment gains (losses) 16.1 112.9
Investments, Excluding MediaAlpha | Other Operations    
Revenues:    
Net realized and unrealized investment gains (losses) 22.2 41.8
MediaAlpha    
Revenues:    
Net realized and unrealized investment gains (losses) 210.7 85.2
MediaAlpha | Other Operations    
Revenues:    
Net realized and unrealized investment gains (losses) 210.7 85.2
P&C Insurance and Reinsurance (Ark/WM Outrigger)    
Expenses:    
Loss and loss adjustment expenses 180.0 147.8
P&C Insurance and Reinsurance (Ark/WM Outrigger) | Operating Segments    
Revenues:    
Earned insurance premiums 302.8 255.1
Net investment income 19.9 10.6
Net realized and unrealized investment gains (losses) 10.6 24.5
Other revenues 3.5 (2.7)
Total revenues 336.8 287.5
Expenses:    
Loss and loss adjustment expenses 180.0 147.8
Acquisition expenses 66.3 59.8
General and administrative expenses 42.2 35.2
Change in fair value of contingent consideration 0.0 (2.4)
Interest expense 5.4 5.0
Total expenses 293.9 245.4
Financial Guarantee (HG Global/BAM) | Operating Segments    
Revenues:    
Earned insurance premiums 7.8 7.7
Net investment income 9.7 7.2
Net realized and unrealized investment gains (losses) (10.1) 17.0
Other revenues 0.5 0.8
Total revenues 7.9 32.7
Expenses:    
Acquisition expenses 2.2 2.7
General and administrative expenses 17.3 17.3
Interest expense 3.5 4.5
Total expenses 23.0 24.5
Asset Management (Kudu) | Operating Segments    
Revenues:    
Earned insurance premiums 0.0 0.0
Net investment income 17.2 14.2
Net realized and unrealized investment gains (losses) (6.5) 29.6
Commission revenues 0.0 0.0
Other revenues 0.0 0.0
Total revenues 10.7 43.8
Expenses:    
Loss and loss adjustment expenses 0.0 0.0
Acquisition expenses 0.0 0.0
Cost of sales 0.0 0.0
General and administrative expenses 3.4 3.8
Broker commission expenses 0.0  
Change in fair value of contingent consideration 0.0 0.0
Interest expense 5.6 4.7
Total expenses 9.0 8.5
Pre-tax income (loss) 1.7 35.3
Asset Management (Kudu) | Investments, Excluding MediaAlpha | Operating Segments    
Revenues:    
Net realized and unrealized investment gains (losses) (6.5) 29.6
Asset Management (Kudu) | MediaAlpha | Operating Segments    
Revenues:    
Net realized and unrealized investment gains (losses) 0.0 0.0
P&C Insurance Distribution (Bamboo) | Operating Segments    
Revenues:    
Earned insurance premiums 8.4 0.0
Net investment income 0.3  
Commission revenues 21.9 0.0
Other revenues 0.8 0.0
Total revenues 31.1 0.0
Expenses:    
Loss and loss adjustment expenses 5.8 0.0
Acquisition expenses 3.1 0.0
Cost of sales 0.0  
General and administrative expenses 12.0 0.0
Broker commission expenses 9.3 0.0
Change in fair value of contingent consideration 0.0  
Interest expense 0.0  
Total expenses 30.2 $ 0.0
Pre-tax income (loss) 0.9  
P&C Insurance Distribution (Bamboo) | Investments, Excluding MediaAlpha | Operating Segments    
Revenues:    
Net realized and unrealized investment gains (losses) (0.1)  
P&C Insurance Distribution (Bamboo) | MediaAlpha | Operating Segments    
Revenues:    
Net realized and unrealized investment gains (losses) $ 0.0