Subsequent Event

9 Months Ended

Sep. 30, 2011

Subsequent Event

Subsequent Event

Note 15. Subsequent Event

Sale of Esurance

On October 7, 2011, White Mountains completed the sale of Esurance Insurance and AFI to The Allstate Corporation for a cash payment of $1.01 billion, which was equal to $700 million plus the estimated pro forma tangible book value at closing of the legal entities sold of approximately $310 million.  The final purchase price is subject to true-up of estimated tangible book value of the entities sold through the date of the closing.  As a result of the transaction, the Esurance Disposal Group is reported as discontinued operations.