CONSOLIDATED BALANCE SHEET (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Assets
Fixed maturity investments, at fair value	$ 4,931.9	$ 5,196.2
Short-term investments, at amortized cost (which approximates fair value)	606.8	630.6
Common equity securities, at fair value	1,029.5	1,029.7
Convertible fixed maturity investments, at fair value	74.1	127.4
Other long-term investments	303.3	294.2
Total investments	6,945.6	7,278.1
Cash (restricted: $61.2 and $249.8)	348.3	462.4
Reinsurance recoverable on unpaid losses	388.6	429.1
Reinsurance recoverable on paid losses	16.1	17.9
Insurance and reinsurance premiums receivable	706.7	556.3
Funds held by ceding companies	98.2	127.4
Investments in unconsolidated affiliates	331.9	387.9
Deferred acquisition costs	180.6	195.3
Deferred tax asset	540.5	569.6
Ceded unearned insurance and reinsurance premiums	137.0	91.8
Accrued investment income	45.9	45.9
Accounts receivable on unsettled investment sales	14.0	3.9
Other assets	483.3	503.0
Assets held for sale	2,047.0	2,226.8
Total assets	12,283.7	12,895.4
Liabilities
Loss and loss adjustment expense reserves	3,057.9	3,168.9
Unearned insurance and reinsurance premiums	1,015.0	924.1
Variable annuity benefit guarantee	194.1	441.5
Debt	676.3	751.2
Deferred tax liability	317.5	341.3
Accrued incentive compensation	125.9	159.0
Ceded reinsurance payable	156.9	116.5
Funds held under reinsurance treaties	75.5	43.7
Accounts payable on unsettled investment purchases	55.7	11.4
Other liabilities	371.5	452.8
Liabilities held for sale	2,047.0	2,226.8
Total liabilities	8,093.3	8,637.2
White Mountains’ common shareholders’ equity
White Mountains’ common shares	6.2	6.3
Paid-in surplus	1,036.2	1,050.9
Retained earnings	2,627.2	2,542.7
Accumulated other comprehensive income, after tax:
Equity in net unrealized (losses) gains from investments in unconsolidated affiliates	(16.3)	57.7
Net unrealized foreign currency translation gains	47.2	85.7
Pension liability and other	(11.3)	(11.5)
Total White Mountains’ common shareholders’ equity	3,689.2	3,731.8
Non-controlling interests
Non-controlling interest - OneBeacon Ltd.	258.4	251.4
Non-controlling interest - SIG Preference Shares	250.0	250.0
Non-controlling interest - HG Global	16.6	16.6
Non-controlling interest - BAM	(71.7)	(36.0)
Non-controlling interest - other	47.9	44.4
Total non-controlling interests	501.2	526.4
Total equity	4,190.4	4,258.2
Total liabilities and equity	$ 12,283.7	$ 12,895.4