Significant intercompany transactions among White Mountains’ segments have been eliminated herein. Financial information for White Mountains’ segments follows:



						HG Global/BAM
Millions	OneBeacon		Sirius Group			HG		BAM			Other Operations			Total
Three Months Ended September 30, 2013
Earned insurance and reinsurance premiums	$	278.9	$	221.4		$	.1	$	—		$	—		$	500.4
Net investment income	10.1		13.5			.2		1.1			2.4			27.3
Net investment income (loss) - surplus note interest	—		—			10.1		(10.1		)	—			—
Net realized and unrealized investment gains (losses)	17.0		(24.7		)	.5		2.4			33.0			28.2
Other revenue	5.5		16.8			—		.2			(4.3		)	18.2
Total revenues	311.5		227.0			10.9		(6.4		)	31.1			574.1
Losses and loss adjustment expenses	167.8		110.5			—		—			—			278.3
Insurance and reinsurance acquisition expenses	53.6		52.5			.1		.5			—			106.7
Other underwriting expenses	46.8		33.5			—		.1			—			80.4
General and administrative expenses	4.1		7.5			.3		8.1			21.5			41.5
Interest expense on debt	3.3		6.6			—		—			2.0			11.9
Total expenses	275.6		210.6			.4		8.7			23.5			518.8
Pre-tax income (loss)	$	35.9	$	16.4		$	10.5	$	(15.1	)	$	7.6		$	55.3



						HG Global/BAM
Millions	OneBeacon		Sirius Group			HG			BAM			Other Operations		Total
Nine Months Ended September 30, 2013
Earned insurance and reinsurance premiums	$	846.2	$	646.9		$	.2		$	—		$	—	$	1,493.3
Net investment income	30.9		38.0			.7			3.3			11.6		84.5
Net investment income (loss) - surplus note interest	—		—			30.2			(30.2		)	—		—
Net realized and unrealized investment gains (losses)	19.9		(4.9		)	(1.7		)	(8.1		)	60.9		66.1
Other revenue	30.1		11.3			—			.3			5.2		46.9
Total revenues	927.1		691.3			29.4			(34.7		)	77.7		1,690.8
Losses and loss adjustment expenses	473.7		323.5			—			—			—		797.2
Insurance and reinsurance acquisition expenses	160.9		119.0			.1			1.0			—		281.0
Other underwriting expenses	150.7		93.0			—			.3			—		244.0
General and administrative expenses	11.0		23.0			1.1			24.2			66.2		125.5
Interest expense on debt	9.8		19.7			—			—			2.9		32.4
Total expenses	806.1		578.2			1.2			25.5			69.1		1,480.1
Pre-tax income (loss)	$	121.0	$	113.1		$	28.2		$	(60.2	)	$	8.6	$	210.7



							HG Global/BAM
Millions	OneBeacon			Sirius Group			HG		BAM			Other Operations		Total
Three Months Ended September 30, 2012
Earned insurance and reinsurance premiums	$	293.9		$	242.9		$	—	$	—		$	—	$	536.8
Net investment income	12.8			16.7			.1		.6			7.4		37.6
Net investment income (loss) - surplus note interest	—			—			8.3		(8.3		)	—		—
Net realized and unrealized investment gains (losses)	40.0			(8.9		)	.2		1.0			40.4		72.7
Other revenue	(.4		)	48.2			—		—			2.5		50.3
Total revenues	346.3			298.9			8.6		(6.7		)	50.3		697.4
Losses and loss adjustment expenses	164.7			143.4			—		—			—		308.1
Insurance and reinsurance acquisition expenses	66.6			41.0			—		—			—		107.6
Other underwriting expenses	47.4			29.1			—		.1			—		76.6
General and administrative expenses	4.4			10.2			3.8		11.2			29.1		58.7
Interest expense on debt	4.1			6.5			—		—			.7		11.3
Total expenses	287.2			230.2			3.8		11.3			29.8		562.3
Pre-tax income (loss)	$	59.1		$	68.7		$	4.8	$	(18.0	)	$	20.5	$	135.1



						HG Global/BAM
Millions	OneBeacon			Sirius Group		HG		BAM			Other Operations		Total
Nine Months Ended September 30, 2012
Earned insurance and reinsurance premiums	$	846.0		$	699.3	$	—	$	—		$	—	$	1,545.3
Net investment income	41.5			50.9		.1		.6			26.7		119.8
Net investment income (loss) - surplus note interest	—			—		8.3		(8.3		)	—		—
Net realized and unrealized investment gains	57.9			22.9		.2		1.0			41.2		123.2
Other revenue	(.1		)	48.9		—		—			32.2		81.0
Total revenues	945.3			822.0		8.6		(6.7		)	100.1		1,869.3
Losses and loss adjustment expenses	452.5			369.2		—		—			—		821.7
Insurance and reinsurance acquisition expenses	185.6			140.6		—		—			—		326.2
Other underwriting expenses	146.2			82.1		—		.1			—		228.4
General and administrative expenses	9.6			35.4		3.8		11.2			86.3		146.3
Interest expense on debt	12.2			19.6		—		—			1.3		33.1
Total expenses	806.1			646.9		3.8		11.3			87.6		1,555.7
Pre-tax income (loss)	$	139.2		$	175.1	$	4.8	$	(18.0	)	$	12.5	$	313.6