XML 92 R53.htm IDEA: XBRL DOCUMENT v2.4.0.8
Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Selected quarterly financial data for 2013 and 2012 is shown in the following table. The quarterly financial data includes, in the opinion of management, all recurring adjustments necessary for a fair presentation of the results of operations for the interim periods. As a result of the Esurance Sale, AutoOne Sale and the Runoff Business sale, the results of operations for Esurance, AutoOne and the Runoff Business have been classified as discontinued operations and are now presented, net of related income taxes, as such in the statement of comprehensive income. Prior year amounts have been reclassified to conform to the current period’s presentation (see Note 21).
 
 
2013 Three Months Ended
 
2012 Three Months Ended
Millions, except per share amounts
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Revenues
 
$
626.6

 
$
574.1

 
$
489.3

 
$
627.4

 
$
566.4

 
$
697.4

 
$
542.3

 
$
629.7

Expenses
 
492.4

 
518.8

 
485.7

 
475.6

 
617.2

 
562.3

 
504.7

 
488.8

Pre-tax income (loss)
 
134.2

 
55.3

 
3.6

 
151.8

 
(50.8
)
 
135.1

 
37.6

 
140.9

Tax benefit (expense)
 
(27.4
)
 
(8.2
)
 
.6

 
(41.6
)
 
101.0

 
(47.8
)
 
(6.4
)
 
(31.1
)
Income (loss) from continuing operations
 
106.8

 
47.1

 
4.2

 
110.2

 
50.2

 
87.3

 
31.2

 
109.8

Income (loss) from discontinued operations, net of tax
 
(.3
)
 
.4

 
3.9

 
.5

 
.5

 
(106.8
)
 
.5

 
(9.2
)
Non-controlling interest in consolidated subsidiaries
 
(.3
)
 
1.1

 
11.1

 
.5

 
12.0

 
30.9

 
(12.1
)
 
(16.8
)
Equity in (loss) earnings of unconsolidated affiliates
 
11.7

 
8.6

 
7.1

 
9.2

 
5.5

 
7.7

 
6.5

 
10.2

Income (loss) attributable to White Mountains’ common shareholders
 
$
117.9

 
$
57.2

 
$
26.3

 
$
120.4

 
$
68.2

 
$
19.1

 
$
26.1

 
$
94.0

Income (loss) attributable to White Mountains’ common shareholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
19.14

 
$
9.20

 
$
3.62

 
$
19.10

 
$
10.36

 
$
19.11

 
$
3.85

 
$
13.85

Discontinued operations
 
(.05
)
 
.06

 
.64

 
.07

 
.07

 
(16.21
)
 
.07

 
(1.24
)
Total consolidated operations
 
$
19.09

 
$
9.26

 
$
4.26

 
$
19.17

 
$
10.43

 
$
2.90

 
$
3.92

 
$
12.61

Diluted
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
 
$
19.14

 
$
9.20

 
$
3.62

 
$
19.10

 
$
10.36

 
$
19.11

 
$
3.85

 
$
13.85

Discontinued operations
 
(.05
)
 
.06

 
.64

 
.07

 
.07

 
(16.21
)
 
.07

 
(1.24
)
Total consolidated operations
 
$
19.09

 
$
9.26

 
$
4.26

 
$
19.17

 
$
10.43

 
$
2.90

 
$
3.92

 
$
12.61

Adjusted book value per share
 
$
642.27

 
$
621.56

 
$
604.75

 
$
606.20

 
$
587.63

 
$
573.66

 
$
564.77

 
$
565.38