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Segment Information (Tables)
6 Months Ended
Jun. 30, 2011
Segment Information  
Financial information for White Mountains' segments

 

 

 

 

 

 

White

 

Other

 

 

 

Millions

 

OneBeacon

 

Mountains Re

 

Operations

 

Total

 

Three months ended June 30, 2011

 

 

 

 

 

 

 

 

 

Earned insurance and reinsurance premiums

 

$

265.0

 

$

230.8

 

$

 

$

495.8

 

Net investment income

 

18.7

 

22.7

 

4.4

 

45.8

 

Net realized and unrealized investment gains

 

11.0

 

45.5

 

.8

 

57.3

 

Other revenue

 

(11.5

)

(24.0

)

7.7

 

(27.8

)

Total revenues

 

283.2

 

275.0

 

12.9

 

571.1

 

Losses and loss adjustment expenses

 

151.8

 

140.6

 

 

292.4

 

Insurance and reinsurance acquisition expenses

 

55.4

 

45.0

 

 

100.4

 

Other underwriting expenses

 

47.5

 

27.3

 

 

74.8

 

General and administrative expenses

 

2.6

 

9.2

 

44.4

 

56.2

 

Interest expense on debt

 

6.0

 

6.6

 

.3

 

12.9

 

Total expenses

 

263.3

 

228.7

 

44.7

 

536.7

 

Pre-tax income (loss)

 

$

19.9

 

$

46.3

 

$

(31.8

)

$

34.4

 

 

 

 

 

 

White

 

Other

 

 

 

Millions

 

OneBeacon

 

Mountains Re

 

Operations

 

Total

 

Three months ended June 30, 2010

 

 

 

 

 

 

 

 

 

Earned insurance and reinsurance premiums

 

$

428.3

 

$

221.1

 

$

 

$

649.4

 

Net investment income

 

25.0

 

24.2

 

3.5

 

52.7

 

Net realized and unrealized investment (losses) gains

 

(14.4

)

25.8

 

(.3

)

11.1

 

Other revenue

 

(10.0

)

(13.3

)

(.3

)

(23.6

)

Total revenues

 

428.9

 

257.8

 

2.9

 

689.6

 

Losses and loss adjustment expenses

 

261.9

 

140.2

 

 

402.1

 

Insurance and reinsurance acquisition expenses

 

91.3

 

43.3

 

 

134.6

 

Other underwriting expenses

 

58.5

 

23.4

 

 

81.9

 

General and administrative expenses

 

3.0

 

9.0

 

40.3

 

52.3

 

Interest expense on debt

 

7.9

 

6.5

 

.3

 

14.7

 

Total expenses

 

422.6

 

222.4

 

40.6

 

685.6

 

Pre-tax income (loss)

 

$

6.3

 

$

35.4

 

$

(37.7

)

$

4.0

 

 

 

 

 

 

White

 

Other

 

 

 

Millions

 

OneBeacon

 

Mountains Re

 

Operations

 

Total

 

Six months ended June 30, 2011

 

 

 

 

 

 

 

 

 

Earned insurance and reinsurance premiums

 

$

528.5

 

$

453.5

 

$

 

$

982.0

 

Net investment income

 

39.7

 

46.2

 

9.4

 

95.3

 

Net realized and unrealized investment gains

 

34.1

 

37.9

 

4.6

 

76.6

 

Other revenue

 

(10.7

)

(27.6

)

3.5

 

(34.8

)

Total revenues

 

591.6

 

510.0

 

17.5

 

1,119.1

 

Losses and loss adjustment expenses

 

296.4

 

368.6

 

 

665.0

 

Insurance and reinsurance acquisition expenses

 

106.4

 

86.7

 

 

193.1

 

Other underwriting expenses

 

99.9

 

51.1

 

 

151.0

 

General and administrative expenses

 

4.9

 

15.9

 

63.4

 

84.2

 

Interest expense on debt

 

12.3

 

13.1

 

.6

 

26.0

 

Total expenses

 

519.9

 

535.4

 

64.0

 

1,119.3

 

Pre-tax income (loss)

 

$

71.7

 

$

(25.4

)

$

(46.5

)

$

(.2

)

 

 

 

 

 

White

 

Other

 

 

 

Millions

 

OneBeacon

 

Mountains Re

 

Operations

 

Total

 

Six months ended June 30, 2010

 

 

 

 

 

 

 

 

 

Earned insurance and reinsurance premiums

 

$

881.5

 

$

433.7

 

$

 

$

1,315.2

 

Net investment income

 

53.3

 

48.3

 

6.9

 

108.5

 

Net realized and unrealized investment gains (losses)

 

28.0

 

65.5

 

(.4

)

93.1

 

Other revenue

 

(10.8

)

(6.9

)

4.2

 

(13.5

)

Total revenues

 

952.0

 

540.6

 

10.7

 

1,503.3

 

Losses and loss adjustment expenses

 

595.6

 

358.4

 

 

954.0

 

Insurance and reinsurance acquisition expenses

 

188.8

 

84.8

 

 

273.6

 

Other underwriting expenses

 

132.7

 

44.8

 

 

177.5

 

General and administrative expenses

 

7.3

 

18.4

 

61.7

 

87.4

 

Interest expense on debt

 

17.0

 

13.4

 

.6

 

31.0

 

Total expenses

 

941.4

 

519.8

 

62.3

 

1,523.5

 

Pre-tax income (loss)

 

$

10.6

 

$

20.8

 

$

(51.6

)

$

(20.2

)