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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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Earned insurance and reinsurance premiums $ 500.4 $ 536.8 $ 1,493.3 $ 1,545.3
Net investment income 27.3 37.6 84.5 119.8
Net realized and unrealized investment gains 28.2 72.7 66.1 123.2
Other revenue 18.2 50.3 46.9 81.0
Total revenues 574.1 697.4 1,690.8 1,869.3
Expenses:        
Loss and loss adjustment expenses 278.3 308.1 797.2 821.7
Insurance and reinsurance acquisition expenses 106.7 107.6 281.0 326.2
Other underwriting expenses 80.4 76.6 244.0 228.4
General and administrative expenses 41.5 58.7 125.5 146.3
Interest expense on debt 11.9 11.3 32.4 33.1
Total expenses 518.8 562.3 1,480.1 1,555.7
Pre-tax income from continuing operations 55.3 135.1 210.7 313.6
Income tax expense (8.2) (47.8) (49.2) (85.3)
Net income from continuing operations 47.1 87.3 161.5 228.3
Loss from sale of discontinued operations 0 (91.0) 0 (91.0)
Net income (loss) from discontinued operations, net of tax 0.4 (15.8) 4.8 (24.5)
Income (loss) before equity in earnings of unconsolidated affiliates 47.5 (19.5) 166.3 112.8
Equity in earnings of unconsolidated affiliates, net of tax 8.6 7.7 24.9 24.4
Net income 56.1 (11.8) 191.2 137.2
Net loss attributable to non-controlling interests 1.1 30.9 12.7 2.0
Net income attributable to White Mountains’ common shareholders 57.2 19.1 203.9 139.2
Other comprehensive income, net of tax:        
Change in equity in net unrealized (losses) gains from investments in unconsolidated affiliates (7.2) 32.3 (81.2) 59.3
Change in foreign currency translation and other 46.6 39.6 8.4 33.3
Comprehensive income 96.6 91.0 131.1 231.8
Comprehensive (income) loss attributable to non-controlling interests (0.1) 0.4 (0.1) 0.4
Comprehensive income attributable to White Mountains’ common shareholders $ 96.5 $ 91.4 $ 131.0 $ 232.2
Basic income (loss) per share        
Continuing operations $ 9.20 $ 19.11 $ 32.05 $ 36.96
Discontinued operations $ 0.06 $ (16.21) $ 0.78 $ (16.77)
Total consolidated operations $ 9.26 $ 2.90 $ 32.83 $ 20.19
Diluted income (loss) per share        
Continuing operations $ 9.20 $ 19.11 $ 32.05 $ 36.96
Discontinued operations $ 0.06 $ (16.21) $ 0.78 $ (16.77)
Total consolidated operations $ 9.26 $ 2.90 $ 32.83 $ 20.19
Dividends declared per White Mountains’ common share $ 0 $ 0 $ 1 $ 1