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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Common equity securities, at fair value $ 630.8 $ 538.4
Other long-term investments 2,022.4 1,998.2
Goodwill and other intangible assets 731.0 370.6
Total assets 10,166.9 8,385.9
Liabilities    
Debt 530.2 564.6
Total liabilities 5,294.7 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 2,568,283 and 2,560,452 shares 2.6 2.6
Paid-in surplus 558.7 548.7
Retained earnings 3,863.1 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 4,422.6 4,240.5
Noncontrolling interests 449.6 321.1
Total equity 4,872.2 4,561.6
Total liabilities and equity 10,166.9 8,385.9
Other Operations    
Assets    
Fixed maturity investments, at fair value 266.7 230.2
Common equity securities, at fair value 208.5 137.8
Investment in MediaAlpha, at fair value 235.2 254.9
Short-term investments, at fair value 192.3 425.2
Other long-term investments 624.0 661.0
Total investments 1,526.7 1,709.1
Cash 23.9 23.8
Insurance premiums receivable 21.7 0.0
Goodwill and other intangible assets 67.4 69.8
Other assets 77.1 73.2
Total assets 1,716.8 1,875.9
Liabilities    
Loss and loss adjustment expense reserves 3.9 0.0
Unearned insurance premiums 22.6 0.0
Debt 24.7 28.4
Accrued incentive compensation 58.5 87.7
Other liabilities 31.1 25.0
Total liabilities 140.8 141.1
P&C Insurance and Reinsurance (Ark/WM Outrigger)    
Liabilities    
Loss and loss adjustment expense reserves 1,890.1 1,605.1
P&C Insurance and Reinsurance (Ark/WM Outrigger) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 1,005.5 866.8
Common equity securities, at fair value 422.3 400.6
Short-term investments, at fair value 904.5 962.8
Other long-term investments 491.3 440.9
Total investments 2,823.6 2,671.1
Cash 156.3 90.5
Reinsurance recoverables 863.8 442.0
Insurance premiums receivable 1,175.4 612.2
Deferred acquisition costs 245.3 145.3
Goodwill and other intangible assets 292.5 292.5
Other assets 147.0 125.0
Total assets 5,703.9 4,378.6
Liabilities    
Loss and loss adjustment expense reserves 1,890.1 1,605.1
Unearned insurance premiums 1,526.1 743.6
Debt 155.0 185.5
Reinsurance payable 367.3 81.1
Contingent consideration 107.3 94.0
Other liabilities 157.2 166.8
Total liabilities 4,203.0 2,876.1
Financial Guarantee (HG Global/BAM) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 1,039.4 1,012.3
Short-term investments, at fair value 51.3 70.6
Total investments 1,090.7 1,082.9
Cash 5.0 6.7
Insurance premiums receivable 6.4 5.5
Deferred acquisition costs 41.7 40.1
Other assets 36.3 36.8
Total assets 1,180.1 1,172.0
Liabilities    
Unearned insurance premiums 333.2 325.8
Debt 147.2 146.9
Accrued incentive compensation 17.3 27.2
Other liabilities 34.8 31.8
Total liabilities 532.5 531.7
Asset Management (Kudu) | Operating Segments    
Assets    
Short-term investments, at fair value 37.6 29.3
Other long-term investments 907.1 896.3
Total investments 944.7 925.6
Cash 1.1 1.4
Accrued investment income 15.1 17.6
Goodwill and other intangible assets 8.1 8.3
Other assets 35.4 6.5
Total assets 1,004.4 959.4
Liabilities    
Debt 203.3 203.8
Other liabilities 67.9 71.6
Total liabilities 271.2 275.4
P&C Insurance Distribution (Bamboo) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 33.2 0.0
Short-term investments, at fair value 19.8 0.0
Total investments 53.0 0.0
Cash 68.9 0.0
Premiums, commissions and fees receivable 58.0 0.0
Goodwill and other intangible assets 363.0 0.0
Other assets 18.8 0.0
Total assets 561.7 0.0
Liabilities    
Loss and loss adjustment expense reserves 16.6 0.0
Unearned insurance premiums 23.6 0.0
Premiums and commissions payable 78.8 0.0
Other liabilities 28.2 0.0
Total liabilities $ 147.2 $ 0.0