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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Earned insurance premiums $ 1,691.6 $ 1,440.9 $ 1,076.7
Net investment income 227.4 194.2 124.4
Net realized and unrealized investment gains (losses) 184.9 434.2 (191.5)
Interest income from BAM Surplus Notes 15.8 0.0 0.0
Change in fair value of BAM Surplus Notes 0.5 0.0 0.0
Unrealized loss on deconsolidation of BAM (114.5) 0.0 0.0
Commission and fees revenues 149.4 13.2 11.5
Other revenues 84.7 84.2 136.8
Total revenues 2,239.8 2,166.7 1,157.9
Expenses:      
Broker commission expense 51.3    
Loss and loss adjustment expenses 888.5 726.8 536.4
Acquisition expenses 341.5 290.1 250.6
Cost of sales 29.6 40.4 98.6
General and administrative expenses 490.1 432.6 364.1
Change in fair value of contingent consideration 61.3 48.7 17.3
Interest expense 60.8 62.7 40.3
Total expenses 1,923.1 1,601.3 1,307.3
Pre-tax income (loss) from continuing operations 316.7 565.4 (149.4)
Income tax (expense) benefit (32.6) 15.5 (41.4)
Net income (loss) from continuing operations 284.1 580.9 (190.8)
Net income (loss) from discontinued operations, net of tax - NSM Group 0.0 0.0 16.4
Net income (loss) 284.1 580.9 712.4
Net (income) loss attributable to noncontrolling interests (53.7) (71.7) 80.4
Net income (loss) attributable to White Mountains’s common shareholders 230.4 509.2 792.8
NSM Group      
Expenses:      
Net income (loss) from discontinued operations, net of tax - NSM Group 0.0 0.0 16.4
Net gain (loss) from sale of discontinued operations, net of tax - NSM Group 0.0 0.0 886.8
Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 146.9 407.1 (98.5)
MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 38.0 27.1 (93.0)
Other Operations      
Revenues:      
Earned insurance premiums 32.7 0.0 0.0
Net investment income 35.6 30.1 32.2
Interest income from BAM Surplus Notes 0.0 0.0 0.0
Change in fair value of BAM Surplus Notes 0.0    
Unrealized loss on deconsolidation of BAM 0.0    
Commission and fees revenues 14.8 13.2 11.5
Other revenues 56.8 80.5 127.2
Total revenues 234.9 339.4 76.3
Expenses:      
Broker commission expense 0.0    
Loss and loss adjustment expenses 12.1 0.0 0.0
Acquisition expenses 12.1 0.0 0.0
Cost of sales 29.6 40.4 98.6
General and administrative expenses 169.5 182.3 174.1
Change in fair value of contingent consideration 0.0 0.0 0.0
Interest expense 2.5 3.7 1.9
Total expenses 225.8 226.4 274.6
Pre-tax income (loss) from continuing operations 9.1 113.0 (198.3)
Other Operations | Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 57.0 188.5 (1.6)
Other Operations | MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 38.0 27.1 (93.0)
P&C Insurance and Reinsurance (Ark/WM Outrigger)      
Revenues:      
Earned insurance premiums 1,587.8 1,409.7 1,043.4
Expenses:      
Loss and loss adjustment expenses 855.8 726.8 536.4
P&C Insurance and Reinsurance (Ark/WM Outrigger) | Operating Segments      
Revenues:      
Earned insurance premiums 1,587.8 1,409.7 1,043.4
Net investment income 90.7 61.4 16.3
Net realized and unrealized investment gains (losses) 50.1 85.9 (55.2)
Other revenues 22.3 0.8 5.0
Total revenues 1,750.9 1,557.8 1,009.5
Expenses:      
Loss and loss adjustment expenses 855.8 726.8 536.4
Acquisition expenses 307.1 281.5 239.4
General and administrative expenses 208.4 162.0 106.2
Change in fair value of contingent consideration 61.3 48.7 17.3
Interest expense 19.5 21.3 15.1
Total expenses 1,452.1 1,240.3 914.4
Financial Guarantee (HG Global)      
Revenues:      
Earned insurance premiums 31.7 31.2 33.3
Financial Guarantee (HG Global) | Operating Segments      
Revenues:      
Earned insurance premiums 31.7 31.2 33.3
Net investment income 32.2 31.7 21.5
Net realized and unrealized investment gains (losses) (11.5) 26.6 (105.8)
Interest income from BAM Surplus Notes 15.8 0.0 0.0
Change in fair value of BAM Surplus Notes 0.5 0.0 0.0
Unrealized loss on deconsolidation of BAM (114.5) 0.0 0.0
Other revenues 1.2 2.9 4.6
Total revenues (44.6) 92.4 (46.4)
Expenses:      
Broker commission expense 0.0    
Acquisition expenses 8.2 8.6 11.2
General and administrative expenses 35.7 68.9 69.1
Interest expense 16.7 16.5 8.3
Total expenses 60.6 94.0 88.6
Asset Management (Kudu) | Operating Segments      
Revenues:      
Earned insurance premiums 0.0 0.0 0.0
Net investment income 66.7 71.0 54.4
Net realized and unrealized investment gains (losses) 51.3 106.1 64.1
Interest income from BAM Surplus Notes 0.0 0.0 0.0
Change in fair value of BAM Surplus Notes 0.0    
Unrealized loss on deconsolidation of BAM 0.0    
Commission and fees revenues 0.0 0.0 0.0
Other revenues 0.8 0.0 0.0
Total revenues 118.8 177.1 118.5
Expenses:      
Broker commission expense 0.0    
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 15.4 19.4 14.7
Change in fair value of contingent consideration 0.0 0.0 0.0
Interest expense 22.1 21.2 15.0
Total expenses 37.5 40.6 29.7
Pre-tax income (loss) from continuing operations 81.3 136.5 88.8
Asset Management (Kudu) | Operating Segments | Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 51.3 106.1 64.1
Asset Management (Kudu) | Operating Segments | MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 0.0 0.0 0.0
P&C Insurance Distribution (Bamboo)      
Expenses:      
Loss and loss adjustment expenses 20.6    
P&C Insurance Distribution (Bamboo) | Operating Segments      
Revenues:      
Earned insurance premiums 39.4 0.0 0.0
Net investment income 2.2    
Interest income from BAM Surplus Notes 0.0    
Change in fair value of BAM Surplus Notes 0.0    
Unrealized loss on deconsolidation of BAM 0.0    
Commission and fees revenues 134.6 0.0 0.0
Other revenues 5.8 0.0 0.0
Total revenues 179.8 0.0 0.0
Expenses:      
Broker commission expense 51.3 0.0 0.0
Loss and loss adjustment expenses 20.6 0.0 0.0
Acquisition expenses 14.1 0.0 0.0
Cost of sales 0.0    
General and administrative expenses 61.1 0.0 0.0
Change in fair value of contingent consideration 0.0    
Interest expense 0.0    
Total expenses 147.1 $ 0.0 $ 0.0
Pre-tax income (loss) from continuing operations 32.7    
P&C Insurance Distribution (Bamboo) | Operating Segments | Investments, Excluding MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) 0.0    
P&C Insurance Distribution (Bamboo) | Operating Segments | MediaAlpha      
Revenues:      
Net realized and unrealized investment gains (losses) $ 0.0