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CONSOLIDATED STATEMENTS OF COMMON SHAREHOLDERS' EQUITY (USD $) In Millions, unless otherwise specified | Total | White Mountains' Common Shareholders' Equity | Common shares and paid-in surplus | Retained earnings | Accum. other comprehensive income (loss), after-tax | Noncontrolling interest
--- | --- | --- | --- | --- | --- | ---
Balances at Dec. 31, 2008 |  | $ 2,898.8 | $ 1,428.2 | $ 1,751.9 | $ (281.3) | $ 613.7
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Cumulative effect adjustment (Symetra FAS115-2) |  |  |  | 2.9 | (2.9) |
Net income | 579.5 | 470.0 |  | 470.0 |  | 109.5
Net change in unrealized gains (losses) from investments in unconsolidated affiliates | 192.4 | 192.4 |  |  | 192.4 |
Net change in foreign currency translation | 73.0 | 73.0 |  |  | 73.0 |
Net change in pension liability and other accumulated comprehensive items | 19.1 | 15.3 |  |  | 15.3 | 3.7
Dividends declared on common shares | (8.9) | (8.9) |  | (8.9) |  |
Dividends/distributions to noncontrolling interests |  |  |  |  |  | (38.4)
Issuances of common shares |  | 0.9 | 0.9 |  |  |
Repurchase and retirement of common shares |  | (0.4) | (0.4) |  |  |
Distributions to noncontrolling interests in limited partnerships |  |  |  |  |  | (5.0)
Contributions from noncontrolling interests in OneBeacon |  |  |  |  |  | 0.3
Amortization of restricted share and option awards |  | 16.3 | 16.3 |  |  | 0.3
Balances at Dec. 31, 2009 |  | 3,657.4 | 1,445.0 | 2,215.9 | (3.5) | 684.1
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Cumulative effect adjustment (ASU 2009-17) |  | (0.4) |  | (0.4) |  | (22.8)
Tax basis change due to intercompany transfer |  | (10.4) |  | (4.4) | (6.0) |
Net income | 139.5 | 86.5 |  | 86.5 |  | 53.0
Net change in unrealized gains (losses) from investments in unconsolidated affiliates | 73.5 | 73.5 |  |  | 73.5 |
Net change in foreign currency translation | 49.8 | 49.8 |  |  | 49.8 |
Net change in pension liability and other accumulated comprehensive items | 6.3 | 4.6 |  |  | 4.6 | 1.7
Dividends declared on common shares | (8.8) | (8.8) |  | (8.8) |  |
Dividends/distributions to noncontrolling interests |  |  |  |  |  | (94.7)
Issuances of common shares |  | 0.7 | 0.7 |  |  |
Repurchase and retirement of common shares | (222.0) | (225.6) | (112.4) | (113.2) |  |
Distributions to noncontrolling interests in limited partnerships |  |  |  |  |  | (13.6)
Amortization of restricted share and option awards |  | 25.7 | 25.7 |  |  | 0.1
Balances at Dec. 31, 2010 | 4,260.8 | 3,653.0 | 1,359.0 | 2,175.6 | 118.4 | 607.8
Increase (Decrease) in Shareholders' Equity |  |  |  |  |  |
Net income | 809.4 | 767.9 |  | 767.9 |  | 41.5
Net change in unrealized gains (losses) from investments in unconsolidated affiliates | (58.5) | (58.5) |  |  | (58.5) |
Net change in foreign currency translation | (15.2) | (15.2) |  |  | (15.2) |
Net change in pension liability and other accumulated comprehensive items | (10.8) | (8.0) |  |  | (8.0) | (2.8)
Dividends declared on common shares |  | (8.0) |  | (8.0) |  |
Dividends/distributions to noncontrolling interests |  |  |  |  |  | (61.5)
Issuances of common shares |  | 0.9 | 0.9 |  |  |
Repurchase and retirement of common shares | (114.2) | (253.0) | (107.2) | (145.8) |  |
Distributions to noncontrolling interests in limited partnerships |  |  |  |  |  | (8.6)
Amortization of restricted share and option awards |  | 12.0 | 12.0 |  |  | 0.4
Noncontrolling interest attributable to intercompany sale of subsidiary |  | (3.4) | (3.4) |  |  | 3.4
Balances at Dec. 31, 2011 | $ 4,667.9 | $ 4,087.7 | $ 1,261.3 | $ 2,789.7 | $ 36.7 | $ 580.2

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- Definition In January 2012, White Mountains sold a subsidiary of OneBeacon to a subsidiary of Sirius. The amount disclosed represents the portion of the gain OneBeacon expects to recognize that would be for the benefit of the noncontrolling interest holders of OneBeacon, which was recognized as an adjustment between paid in surplus and noncontrolling interest in 2011. + References No definition available. + Details
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