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Investments in Unconsolidated Affiliates (Tables)
 6 Months Ended
Jun. 30, 2012
Equity Method Investments and Joint Ventures [Abstract]  
Investments in and Advances to Affiliates [Table Text Block]
White Mountains’ investments in unconsolidated affiliates represent investments in other companies in which White Mountains has a significant voting and economic interest but does not control the entity.
 
Millions
 
June 30,
2012
 
December 31,
2011
Symetra common shares
 
$
305.9

 
$
261.0

Symetra warrants
 
29.8

 
12.6

Total investment in Symetra
 
335.7

 
273.6

Pentelia Capital Management
 
1.8

 
1.7

Total investments in unconsolidated affiliates
 
$
337.5

 
$
275.3
Schedule of Changes in Investments in Unconsolidated Affiliates [Table Text Block]
The following table summarizes amounts recorded by White Mountains relating to its investment in Symetra for the three months ended June 30, 2012 and 2011:
 
 
 
Three Months Ended
 
Three Months Ended
 
 
June 30, 2012
 
June 30, 2011
Millions
 
Common Shares
 
Warrants
 
Total
 
Common Shares
 
Warrants
 
Total
Carrying value of investment in Symetra as of March 31
 
$
269.5

 
$
23.7

 
$
293.2

 
$
356.9

 
$
35.9

 
$
392.8

Equity in earnings (1)(2)
 
7.0

 
—

 
7.0

 
8.6

 
—

 
8.6

Equity in net unrealized gains from Symetra’s fixed maturity portfolio (3)
 
30.6

 
—

 
30.6

 
24.0

 
—

 
24.0

Dividends received
 
(1.2
)
 
—

 
(1.2
)
 
(1.0
)
 
—

 
(1.0
)
Increase (decrease) in value of warrants
 
—

 
6.1

 
6.1

 
—

 
(3.4
)
 
(3.4
)
Carrying value of investment in Symetra as June 30(4)(5)
 
$
305.9

 
$
29.8

 
$
335.7

 
$
388.5

 
$
32.5

 
$
421.0

(1) Equity in earnings excludes tax expense of $0.6 and $0.7.
(2) Equity in earnings includes $0.7 increase relating to the pre-tax amortization of Symetra common share impairment from June 30, 2012
(3) Net unrealized gains includes $3.3 increase relating to the pre-tax amortization of Symetra common share impairment from June 30, 2012.
(4) Includes White Mountains’ equity in net unrealized gains from Symetra’s fixed maturity portfolio of $29.4 and $87.7 as of June 30, 2012 and 2011, which exclude tax expense of $2.4 and $7.1.
(5) The aggregate value of White Mountains’ investment in common shares of Symetra was $219.6 based upon the quoted market price of $12.62 per share at June 30, 2012.



The following table summarizes amounts recorded by White Mountains relating to its investment in Symetra for the six months ended June 30, 2012 and 2011:

 
 
Six Months Ended
 
Six Months Ended
 
 
June 30, 2012
 
June 30, 2011
Millions
 
Common Shares
 
Warrants
 
Total
 
Common Shares
 
Warrants
 
Total
Carrying value of investment in Symetra as of January 1
 
$
261.0

 
$
12.6

 
$
273.6

 
$
350.4

 
$
37.1

 
$
387.5

Equity in earnings (1)(2)
 
17.9

 
—

 
17.9

 
15.9

 
—

 
15.9

Equity in net unrealized gains from Symetra’s fixed maturity portfolio(3)
 
29.4

 
—

 
29.4

 
24.1

 
—

 
24.1

Dividends received
 
(2.4
)
 
—

 
(2.4
)
 
(1.9
)
 
—

 
(1.9
)
Increase (decrease) in value of warrants
 
—

 
17.2

 
17.2

 
—

 
(4.6
)
 
(4.6
)
Carrying value of investment in Symetra as June 30 (4)(5)
 
$
305.9

 
$
29.8

 
$
335.7

 
$
388.5

 
$
32.5

 
$
421.0

(1) Equity in earnings excludes tax expense of $1.5 and $1.3.
(2) Equity in earnings includes $1.8 increase relating to the pre-tax amortization of Symetra common share impairment from June 30, 2012.
(3) Net unrealized gains includes $6.6 increase relating to the pre-tax amortization of Symetra common share impairment from June 30, 2012.
(4) Includes White Mountains’ equity in net unrealized gains from Symetra’s fixed maturity portfolio of $29.4 and $87.7 as of June 30, 2012 and 2011, which exclude tax expense of $2.4 and $7.1.
(5) The aggregate value of White Mountains’ investment in common shares of Symetra was $219.6 based upon the quoted market price of $12.62 per share at June 30, 2012