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Derivatives (Variable Annuity Reinsurance Liabilities and Derivative Instruments (Details) (White Mountains Life Re, USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Variable Annuity Reinsurance [Line Items]      
Change in fair value of variable annuity death benefit liabilities, included in other general and administrative expenses $ 5.6 $ 8.8  
Changes in derivative instruments      
Beginning balance 98.3    
Realized and unrealized gains (losses) 181.8 206.5  
Ending balance 75.8    
Collateral cash and investments 229.8 390.9 393.6
Fair Value
     
Changes in derivative instruments      
Beginning balance 98.3 290.4  
Purchases 36.1 6.1  
Realized and unrealized gains (losses) (181.8) (206.5)  
Transfers in 0 0  
Sales/settlements 123.2 84.3  
Ending balance 75.8 174.3  
Level 3 Inputs
     
Changes in variable annuity liabilities      
Beginning balance (441.5) (768.5)  
Purchases 0 0  
Realized and unrealized gains (losses) 189.9 [1] 220.0 [1]  
Transfers in 0 0  
Sales/settlements    0  
Ending balance (251.6) (548.5)  
Changes in derivative instruments      
Beginning balance 140.5 [2] 247.1 [2]  
Purchases 36.1 [2] 6.1 [2]  
Realized and unrealized gains (losses) (49.2) [2] (60.3) [2]  
Transfers in 0 [2] 0 [2]  
Sales/settlements    [2] (9.1) [2]  
Ending balance 127.4 [2] 183.8 [2]  
Level 2 Inputs
     
Changes in derivative instruments      
Beginning balance (20.5) [2],[3] 39.2 [2],[3]  
Purchases 0 [2],[3] 0 [2],[3]  
Realized and unrealized gains (losses) (85.5) [2],[3] (98.2) [2],[3]  
Transfers in 0 [2],[3] 0 [2],[3]  
Sales/settlements 63.1 [2],[3] 58.9 [2],[3]  
Ending balance (42.9) [2],[3] (0.1) [2],[3]  
Level 1 Inputs
     
Changes in derivative instruments      
Beginning balance (21.7) [4] 4.1 [4]  
Purchases 0 [4] 0 [4]  
Realized and unrealized gains (losses) (47.1) [4] (48.0) [4]  
Transfers in 0 [4] 0 [4]  
Sales/settlements 60.1 [4] 34.5 [4]  
Ending balance $ (8.7) [4] $ (9.4) [4]  
[1] Includes $5.6 and $8.8 for the three months ended March 31, 2013 and 2012, respectively, related to the increase in the fair value of variable annuity death benefit liabilities, which are included in other general and administrative expenses.
[2] Consists of over-the-counter instruments.
[3] Consists of interest rate swaps, total return swaps, foreign currency forward contracts, and bond forwards. Fair value measurement based upon bid/ask pricing quotes for similar instruments that are actively traded, where available. Swaps for which an active market does not exist have been priced using observable inputs including the swap curve and the underlying bond index.
[4] Consists of exchange traded equity index, foreign currency and interest rate futures. Fair value measurements based upon quoted prices for identical instruments that are actively traded.