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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Earned insurance and reinsurance premiums $ 497.5 $ 510.5 $ 992.9 $ 1,008.5
Net investment income 28.7 40.4 57.2 82.2
Net realized and unrealized investment (losses) gains (37.3) (8.1) 37.9 50.5
Other revenue 0.4 (0.5) 28.7 30.7
Total revenues 489.3 542.3 1,116.7 1,171.9
Expenses:        
Loss and loss adjustment expenses 274.6 263.9 518.9 513.7
Insurance and reinsurance acquisition expenses 76.1 109.5 174.3 218.6
Other underwriting expenses 84.5 78.3 163.6 151.8
General and administrative expenses 40.2 42.1 84.0 87.6
Interest expense on debt 10.3 10.9 20.5 21.8
Total expenses 485.7 504.7 961.3 993.5
Pre-tax income from continuing operations 3.6 37.6 155.4 178.4
Income tax benefit (expense) 0.6 (6.4) (41.0) (37.5)
Net income from continuing operations 4.2 31.2 114.4 140.9
Net gain (loss) income from discontinued operations, net of tax 3.9 0.5 4.4 (8.8)
Income before equity in earnings of unconsolidated affiliates 8.1 31.7 118.8 132.1
Equity in earnings of unconsolidated affiliates, net of tax 7.1 6.5 16.3 16.7
Net income 15.2 38.2 135.1 148.8
Net loss (income) attributable to non-controlling interests 11.1 (12.1) 11.6 (28.9)
Net income attributable to White Mountains’ common shareholders 26.3 26.1 146.7 119.9
Other comprehensive income, net of tax:        
Change in equity in net unrealized (losses) gains from investments in unconsolidated affiliates (66.0) 28.2 (74.0) 27.0
Change in foreign currency translation and other (34.6) (29.8) (38.3) (6.3)
Comprehensive (loss) income (74.3) 24.5 34.4 140.6
Comprehensive income attributable to non-controlling interests 0 0 0 0
Comprehensive (loss) income attributable to White Mountains’ common shareholders $ (74.3) $ 24.5 $ 34.4 $ 140.6
Basic income (loss) per share        
Continuing operations $ 3.62 $ 3.85 $ 22.84 $ 18.28
Discontinued operations $ 0.64 $ 0.07 $ 0.71 $ (1.25)
Total consolidated operations $ 4.26 $ 3.92 $ 23.55 $ 17.03
Diluted income (loss) per share        
Continuing operations $ 3.62 $ 3.85 $ 22.84 $ 18.28
Discontinued operations $ 0.64 $ 0.07 $ 0.71 $ (1.25)
Total consolidated operations $ 4.26 $ 3.92 $ 23.55 $ 17.03
Dividends declared per White Mountains’ common share $ 0 $ 0 $ 1 $ 1