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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Common equity securities, at fair value $ 655.4 $ 538.4
Other long-term investments 2,071.1 1,998.2
Goodwill and other intangible assets 725.7 370.6
Total assets 10,337.5 8,385.9
Liabilities    
Debt 544.9 564.6
Total liabilities 5,077.7 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 2,568,148 and 2,560,452 shares 2.6 2.6
Paid-in surplus 560.7 548.7
Retained earnings 4,048.3 3,690.8
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax (1.0) (1.6)
Accumulated other comprehensive income (loss), after-tax:    
Total White Mountains’s common shareholders’ equity 4,610.6 4,240.5
Noncontrolling interests 649.2 321.1
Total equity 5,259.8 4,561.6
Total liabilities and equity 10,337.5 8,385.9
Other Operations    
Assets    
Fixed maturity investments, at fair value 286.1 230.2
Common equity securities, at fair value 219.8 137.8
Investment in MediaAlpha, at fair value 323.4 254.9
Short-term investments, at fair value 241.7 425.2
Other long-term investments 589.5 661.0
Total investments 1,660.5 1,709.1
Cash 28.2 23.8
Insurance premiums receivable 34.3 0.0
Goodwill and other intangible assets 66.2 69.8
Other assets 74.2 73.2
Total assets 1,863.4 1,875.9
Liabilities    
Loss and loss adjustment expense reserves 8.1 0.0
Unearned insurance premiums 28.5 0.0
Debt 22.3 28.4
Accrued incentive compensation 64.5 87.7
Other liabilities 33.8 25.0
Total liabilities 157.2 141.1
P&C Insurance and Reinsurance (Ark/WM Outrigger)    
Liabilities    
Loss and loss adjustment expense reserves 2,133.0 1,605.1
P&C Insurance and Reinsurance (Ark/WM Outrigger) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 1,461.2 866.8
Common equity securities, at fair value 435.6 400.6
Short-term investments, at fair value 579.1 962.8
Other long-term investments 544.8 440.9
Total investments 3,020.7 2,671.1
Cash 148.8 90.5
Reinsurance recoverables 748.0 442.0
Insurance premiums receivable 993.0 612.2
Deferred acquisition costs 199.7 145.3
Goodwill and other intangible assets 292.5 292.5
Other assets 175.8 125.0
Total assets 5,578.5 4,378.6
Liabilities    
Loss and loss adjustment expense reserves 2,133.0 1,605.1
Unearned insurance premiums 1,149.8 743.6
Debt 156.8 185.5
Reinsurance payable 230.2 81.1
Contingent consideration 141.5 94.0
Other liabilities 188.9 166.8
Total liabilities 4,000.2 2,876.1
Financial Guarantee (HG Global) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 636.1 1,012.3
Short-term investments, at fair value 34.6 70.6
Total investments 670.7 1,082.9
Cash 1.2 6.7
BAM Surplus Notes, at fair value 411.1 0.0
Insurance premiums receivable 7.9 5.5
Deferred acquisition costs 83.2 40.1
Other assets 27.8 36.8
Total assets 1,201.9 1,172.0
Liabilities    
Unearned insurance premiums 287.0 325.8
Debt 147.3 146.9
Other liabilities 19.6 59.0
Total liabilities 453.9 531.7
Asset Management (Kudu) | Operating Segments    
Assets    
Short-term investments, at fair value 20.3 29.3
Other long-term investments 936.8 896.3
Total investments 957.1 925.6
Cash 76.7 1.4
Accrued investment income 15.7 17.6
Goodwill and other intangible assets 8.0 8.3
Other assets 36.6 6.5
Total assets 1,094.1 959.4
Liabilities    
Debt 218.5 203.8
Other liabilities 75.9 71.6
Total liabilities 294.4 275.4
P&C Insurance Distribution (Bamboo) | Operating Segments    
Assets    
Fixed maturity investments, at fair value 38.9 0.0
Short-term investments, at fair value 14.6 0.0
Total investments 53.5 0.0
Cash 91.1 0.0
Premiums, commissions and fees receivable 72.7 0.0
Goodwill and other intangible assets 359.0 0.0
Other assets 23.3 0.0
Total assets 599.6 0.0
Liabilities    
Loss and loss adjustment expense reserves 17.7 0.0
Unearned insurance premiums 29.9 0.0
Premiums and commissions payable 93.7 0.0
Other liabilities 30.7 0.0
Total liabilities $ 172.0 $ 0.0