XML 79 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Selected Quartely Financial Data
SELECTED QUARTERLY FINANCIAL DATA
(Unaudited)
 
Selected quarterly financial data for 2012 and 2011 is shown in the following table. The quarterly financial data includes, in the opinion of management, all recurring adjustments necessary for a fair presentation of the results of operations for the interim periods. As a result of the Esurance Sale and AutoOne Sale, the results of operations for Esurance and AutoOne have been classified as discontinued operations and are now presented, net of related income taxes, as such in the statement of comprehensive income. Prior year amounts have been reclassified to conform to the current period’s presentation (see Note 20).
 
 
2012 Three Months Ended
 
2011 Three Months Ended
Millions, except per share amounts
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Revenues
 
$
566.4

 
$
697.4

 
$
542.3

 
$
629.7

 
$
593.4

 
$
501.7

 
$
552.4

 
$
525.6

Expenses
 
617.2

 
562.3

 
504.7

 
488.8

 
495.0

 
500.5

 
516.6

 
563.0

Pre-tax income (loss)
 
(50.8
)
 
135.1

 
37.6

 
140.9

 
98.4

 
1.2

 
35.8

 
(37.4
)
Tax benefit (expense)
 
101.0

 
(47.8
)
 
(6.4
)
 
(31.1
)
 
110.9

 
0.6

 
(8.8
)
 
7.3

Income (loss) from continuing operations
 
50.2

 
87.3

 
31.2

 
109.8

 
209.3

 
1.8

 
27.0

 
(30.1
)
Income (loss) from discontinued operations, net of tax
 
0.5

 
(106.8
)
 
0.5

 
(9.2
)
 
647.6

 
(30.1
)
 
(2.4
)
 
6.5

Non-controlling interest in consolidated subsidiaries
 
12.0

 
30.9

 
(12.1
)
 
(16.8
)
 
(20.3
)
 
11.0

 
(20.8
)
 
(11.4
)
Equity in (loss) earnings of unconsolidated affiliates
 
5.5

 
7.7

 
6.5

 
10.2

 
(36.4
)
 
1.5

 
7.9

 
6.8

Income (loss) attributable to White Mountains’ common shareholders
 
$
68.2

 
$
19.1

 
$
26.1

 
$
94.0

 
$
800.2

 
$
(15.8
)
 
$
11.7

 
$
(28.2
)
Income (loss) attributable to White Mountains’ common shareholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
10.36

 
$
19.11

 
$
3.85

 
$
13.85

 
$
20.03

 
$
1.80

 
$
1.78

 
$
(4.33
)
Discontinued operations
 
0.07

 
(16.21
)
 
0.07

 
(1.24
)
 
85.01

 
(3.80
)
 
(0.30
)
 
0.82

Total consolidated operations
 
10.43

 
2.90

 
3.92

 
12.61

 
105.04

 
(2.00
)
 
1.48

 
(3.51
)
Diluted
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
 
$
10.36

 
$
19.11

 
$
3.85

 
$
13.85

 
$
20.03

 
$
1.80

 
$
1.78

 
$
(4.33
)
Discontinued operations
 
0.07

 
(16.21
)
 
0.07

 
(1.24
)
 
85.01

 
(3.80
)
 
(0.30
)
 
0.82

Total consolidated operations
 
10.43

 
2.90

 
3.92

 
12.61

 
105.04

 
(2.00
)
 
1.48

 
(3.51
)
Adjusted book value per share
 
$
587.63

 
$
573.66

 
$
564.77

 
$
565.38

 
$
542.11

 
$
436.18

 
$
542.11

 
$
446.70