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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Earned insurance and reinsurance premiums $ 536.8 $ 491.1 $ 1,545.3 $ 1,433.5
Net investment income 37.6 42.8 119.8 138.1
Net realized and unrealized investment gains (losses) 72.7 2.9 123.2 36.4
Other revenue 50.3 (35.0) 81.0 (28.3)
Total revenues 697.4 501.8 1,869.3 1,579.7
Expenses:        
Loss and loss adjustment expenses 308.1 280.2 821.7 920.4
Insurance and reinsurance acquisition expenses 107.6 107.0 326.2 296.6
Other underwriting expenses 76.6 64.3 228.4 203.9
General and administrative expenses 58.7 36.2 146.3 120.4
Interest expense on debt 11.3 12.8 33.1 38.8
Total expenses 562.3 500.5 1,555.7 1,580.1
Pre-tax income (loss) from continuing operations 135.1 1.3 313.6 (0.4)
Income tax (expense) benefit (47.8) 0.6 (85.3) (0.8)
Net income (loss) from continuing operations 87.3 1.9 228.3 (1.2)
Gain (loss) on sale of discontinued operation, net of tax (91.0) (18.2) (91.0) (18.2)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (15.8) (12.0) (24.5) (7.8)
Income (loss) before equity in earnings of unconsolidated affiliates (19.5) (28.3) 112.8 (27.2)
Equity in earnings of unconsolidated affiliates 7.7 1.5 24.4 16.1
Net income (loss) (11.8) (26.8) 137.2 (11.1)
Net (Income) Loss Attributable to Noncontrolling Interest 30.9 11.0 2.0 (21.2)
Net income (loss) attributable to White Mountains' common shareholders 19.1 (15.8) 139.2 (32.3)
Comprehensive income (loss), net of tax:        
Change in equity in net unrealized losses from investments in unconsolidated affiliates 32.3 55.1 59.3 77.2
Other Comprehensive Income (Loss) Foreign Currency Translation and Other 39.6 (81.8) 33.3 (25.3)
Comprehensive income 91.0 (42.5) 231.8 19.6
Comprehensive income attributable to noncontrolling interests 0.4 0 0.4 0
Comprehensive income attributable to White Mountains’ common shareholders 91.4 (42.5) 232.2 19.6
Basic income (loss) per share        
Continuing operations (in dollars per share) $ 19.11 $ 1.81 $ 36.96 $ (0.80)
Discontinued operations (in dollars per share) $ (16.21) $ (3.81) $ (16.77) $ (3.26)
Total consolidated operations (in dollars per share) $ 2.90 $ (2.00) $ 20.19 $ (4.06)
Diluted income (loss) per share        
Continuing operations (in dollars per share) $ 19.11 $ 1.81 $ 36.96 $ (0.80)
Discontinued operations (in dollars per share) $ (16.21) $ (3.81) $ (16.77) $ (3.26)
Total consolidated operations (in dollars per share) $ 2.90 $ (2.00) $ 20.19 $ (4.06)
Dividends declared per White Mountains' common share (in dollars per share) $ 0.00 $ 0.00 $ 1.00 $ 1.00
Segment, Discontinued Operations [Member]
       
Revenues:        
Earned insurance and reinsurance premiums (0.4) 233.3 10.0 701.9
Net investment income 0 3.8 0 11.8
Net realized and unrealized investment gains (losses) 0 (6.4) 0 1.4
Other revenue 0 17.5 0 54.0
Total revenues (0.4) 248.2 10.0 769.1
Expenses:        
Loss and loss adjustment expenses 27.7 177.4 48.4 512.3
Insurance and reinsurance acquisition expenses (0.8) 51.4 (1.3) 154.1
Other underwriting expenses (1.1) 35.0 1.1 83.9
General and administrative expenses 0 1.7 0 37.5
Total expenses 25.8 265.5 48.2 787.8
Gain (loss) on sale of discontinued operation, net of tax (91.0) (18.2) (91.0) 18.2
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (15.8) (12.0) (24.5) (7.8)
Net income (loss) attributable to White Mountains' common shareholders $ (105.3) [1] $ (29.9) [1] $ (114.0) [1] $ (25.8) [1]
[1] (2) Net loss attributable to White Mountains’ common shareholders, net of restricted share amounts, is equal to undistributed loss for the three and nine months ended September 30, 2012 and 2011.