Employee Share-Based Incentive Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The following table summarizes performance share activity for the three and nine months ended September 30, 2014 and 2013 for performance shares granted under the WTM Incentive Plan:



	Three Months Ended September 30,									Nine Months Ended September 30,
	2014				2013					2014					2013
Millions, except share amounts	Target Performance Shares Outstanding	Accrued Expense			Target Performance Shares Outstanding		Accrued Expense			Target Performance Shares Outstanding		Accrued Expense			Target Performance Shares Outstanding		Accrued Expense
Beginning of period	127,537	$	50.5		118,976		$	34.9		119,220		$	60.2		119,357		$	29.4
Shares paid or expired⁽¹⁾	—	—			—		—			(37,130	)	(26.7		)	(47,310	)	(11.0		)
New grants	—	—			250		—			45,660		—			47,170		—
Assumed forfeitures and cancellations⁽²⁾	—	(.2		)	(6	)	(.2		)	(213	)	—			3		(.2		)
Expense recognized	—	6.8			—		7.1			—		23.6			—		23.6
Ending of period	127,537	$	57.1		119,220		$	41.8		127,537		$	57.1		119,220		$	41.8

⁽¹⁾WTM performance share payments in 2014 for the 2011-2013 performance cycle ranged from 88% to 131.5% of target. WTM performance share payments in 2013 for the 2010-2012 performance cycle ranged from 33% to 98% of target.

⁽²⁾Amounts include changes in assumed forfeitures, as required under GAAP.

Summary of performance shares outstanding and accrued expense for performance shares awarded under the WTM Incentive Plan

The following table summarizes performance shares outstanding and accrued expense for performance shares awarded under the WTM Incentive Plan at September 30, 2014 for each performance cycle:



Millions, except share amounts	Target Performance Shares Outstanding		Accrued Expense
Performance cycle:
2014 – 2016	45,660		$	7.2
2013 – 2015	47,170		21.6
2012 – 2014	37,977		29.8
Sub-total	130,807		58.6
Assumed forfeitures	(3,270	)	(1.5		)
Total at September 30, 2014	127,537		$	57.1

Summary of restricted share activity

The following table summarizes the unrecognized compensation cost associated with the outstanding restricted share awards for the three and nine months ended September 30, 2014 and 2013:



	Three Months Ended September 30,								Nine Months Ended September 30,
	2014				2013				2014					2013
Millions, except share amounts	Restricted Shares	Unamortized Issue Date Fair Value			Restricted Shares	Unamortized Issue Date Fair Value			Restricted Shares		Unamortized Issue Date Fair Value			Restricted Shares	Unamortized Issue Date Fair Value
Non-vested,
Beginning of period	81,325	$	20.9		95,380	$	24.5		94,130		$	17.0		69,910	$	16.8
Issued	—	—			250	.1			20,400		11.8			25,720	14.4
Vested	—	—			—	—			(33,205	)	—			—	—
Forfeited	—	—			—	—			—		—			—	—
Expense recognized	—	(3.3		)	—	(3.8		)	—		(11.2		)	—	(10.4		)
Non-vested at September 30,	81,325	$	17.6		95,630	$	20.8		81,325		$	17.6		95,630	$	20.8

Summary of performance share activity for OneBeacon performance shares granted under OneBeacon Incentive Plan

The following table summarizes performance share activity for the three and nine months ended September 30, 2014 and 2013 for OneBeacon performance shares granted under the OneBeacon Incentive Plan:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014					2013
Millions, except share amounts	Target Performance Shares Outstanding	Accrued Expense		Target Performance Shares Outstanding	Accrued Expense		Target Performance Shares Outstanding		Accrued Expense			Target Performance Shares Outstanding		Accrued Expense
Beginning of period	512,938	$	4.4	489,867	$	2.4	493,421		$	4.0		563,190		$	1.2
Shares paid or expired⁽¹⁾	—	—		—	—		(142,138	)	(1.0		)	(238,658	)	—
New grants	—	—		—	—		165,800		—			179,000		—
Assumed forfeitures and cancellations⁽²⁾	—	—		—	—		(4,145	)	—			(13,665	)	(.1		)
Expense recognized	—	1.1		—	.1		—		2.5			—		1.4
Ending of period	512,938	$	5.5	489,867	$	2.5	512,938		$	5.5		489,867		$	2.5

⁽¹⁾ OneBeacon performance share payments in 2014 for the 2011-2013 performance cycle were at 37.1% of target. No payments were made in 2013 for the 2010-2012 OneBeacon performance cycle as the performance factor was zero.

⁽²⁾ Amounts include changes in assumed forfeitures, as required under GAAP.

Summary of OneBeacon performance shares outstanding and accrued expense for OneBeacon performance shares awarded under the OneBeacon Incentive Plan

The following table summarizes OneBeacon performance shares outstanding awarded under the OneBeacon Incentive Plan at September 30, 2014 for each performance cycle:



Millions, except share amounts	Target Performance Shares Outstanding		Accrued Expense
Performance cycle:
2014 – 2016	165,800		$	.6
2013 – 2015	179,000		2.2
2012 – 2014	181,290		2.8
Sub-total	526,090		5.6
Assumed forfeitures	(13,152	)	(.1		)
Total at September 30, 2014	512,938		$	5.5

Summary of OneBeacon restricted shares activity

The following table summarizes the unrecognized compensation cost associated with the outstanding OneBeacon restricted stock awards for the three and nine months ended September 30, 2014 and 2013:



	Three Months Ended September 30,									Nine Months Ended September 30,
	2014				2013					2014					2013
Millions, except share amounts	Restricted Shares	Unamortized Issue Date Fair Value			Restricted Shares		Unamortized Issue Date Fair Value			Restricted Shares		Unamortized Issue Date Fair Value			Restricted Shares		Unamortized Issue Date Fair Value
Non-vested,
Beginning of period	612,500	$	4.9		918,000		$	8.0		915,000		$	6.5		927,000		$	9.6
Issued	—	—			—		—			—		—			—		—
Vested	—	—			—		—			(300,000	)	—			(9,000	)	—
Forfeited	—	—			(3,000	)	—			(2,500	)	—			(3,000	)	—
Expense recognized	—	(.7		)	—		(.7		)	—		(2.3		)	—		(2.3		)
Non-vested at September 30,	612,500	$	4.2		915,000		$	7.3		612,500		$	4.2		915,000		$	7.3