Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Financial information for White Mountains' segments

Financial information for White Mountains’ segments follows:



						HG Global/BAM
Millions	OneBeacon			Sirius Group		HG Global		BAM			Other Operations			Total
Year ended December 31, 2012
Earned insurance and reinsurance premiums	$	1,132.0		$	931.6	$	—	$	—		$	—		$	2,063.6
Net investment income	53.6			65.0		.3		1.9			32.8			153.6
Net investment income (loss) - surplus note interest	—			—		18.4		(18.4		)	—		—	—
Net realized and unrealized investment gains	55.7			17.3		—		—			45.2			118.2
Other revenue	(.5		)	70.6		—		—			30.2			100.3
Total revenues	1,240.8			1,084.5		18.7		(16.5		)	108.2			2,435.7
Losses and LAE	650.0			543.9		—		—			—			1,193.9
Insurance and reinsurance acquisition expenses	249.4			180.8		—		—			—			430.2
Other underwriting expenses	205.2			116.4		—		.2			—			321.8
General and administrative expenses	13.4			45.9		4.5		19.6			98.8			182.2
Interest expense on debt	16.9			26.2		—		—			1.7			44.8
Total expenses	1,134.9			913.2		4.5		19.8			100.5			2,172.9
Pre-tax income (loss)	$	105.9		$	171.3	$	14.2	$	(36.3	)	$	7.7		$	262.8



Millions	OneBeacon			Sirius Group		Other Operations			Total
Year ended December 31, 2011
Earned insurance and reinsurance premiums	$	1,012.2		$	912.3	$	—		$	1,924.5
Net investment income	71.4			89.9		23.2			184.5
Net realized and unrealized investment gains	10.6			53.2		10.3			74.1
Other revenue	(12.4		)	4.1		(1.7		)	(10.0		)
Total revenues	1,081.8			1,059.5		31.8			2,173.1
Losses and LAE	548.3			626.0		—			1,174.3
Insurance and reinsurance acquisition expenses	221.2			181.0		—			402.2
Other underwriting expenses	162.3			105.8		—			268.1
General and administrative expenses	9.8			34.1		131.4			175.3
Interest expense on debt	20.5			31.6		3.1			55.2
Total expenses	962.1			978.5		134.5			2,075.1
Pre-tax income (loss)	$	119.7		$	81.0	$	(102.7	)	$	98.0



Millions	OneBeacon			Sirius Group			Other Operations			Total
Year ended December 31, 2010
Earned insurance and reinsurance premiums	$	1,181.1		$	847.9		$	—		$	2,029.0
Net investment income	96.6			96.5			15.8			208.9
Net realized and unrealized investment gains (losses)	74.6			(14.8		)	17.8			77.6
Other revenue	(.6		)	40.9			(22.1		)	18.2
Total revenues	1,351.7			970.5			11.5			2,333.7
Losses and LAE	685.6			531.0			—			1,216.6
Insurance and reinsurance acquisition expenses	252.1			167.5			—			419.6
Other underwriting expenses	196.1			99.8			—			295.9
General and administrative expenses	12.9			31.6			110.5			155.0
Interest expense on debt	29.6			26.6			1.1			57.3
Total expenses	1,176.3			856.5			111.6			2,144.4
Pre-tax income (loss)	$	175.4		$	114.0		$	(100.1	)	$	189.3

Schedule of selected balance sheet data by segment



					HG Global/BAM
Selected Balance Sheet Data Millions	OneBeacon		Sirius Group		HG Global		BAM					Other Operations		Total
December 31, 2012
Total investments	$	2,291.5	$	3,534.3	$	101.5	$	472.4				$	878.4	$	7,278.1
Reinsurance recoverable on paid and unpaid losses	110.7		336.3		—		—					—		447.0
Assets held for sale	2,226.8		—		—		—					—		2,226.8
Total assets	5,382.3		5,962.0		623.6		(28.6		)	⁽¹	⁾	956.1		12,895.4
Loss and LAE reserves	1,000.0		2,168.9		—		—					—		3,168.9
Liabilities held for sale	2,226.8		—		—		—					—		2,226.8
Total liabilities	4,365.0		4,123.2		.9		7.4					140.7		8,637.2
Total White Mountains’ common shareholders’ equity	763.1		1,559.7		606.2		—					802.8		3,731.8
Non-controlling interest	254.2		279.1		16.5		(36.0		)			12.6		526.4

December 31, 2011
Total investments	$	2,707.6	$	3,640.5	$	—	$	—				$	1,919.9	$	8,268.0
Reinsurance recoverable on paid and unpaid losses	2,184.1		353.7		—		—					—		2,537.8
Assets held for sale	132.6		—		—		—					—		132.6
Total assets	5,792.4		5,337.9		—		—					2,933.7		14,064.0
Loss and LAE reserves	3,358.6		2,343.7		—		—					—		5,702.3
Liabilities held for sale	107.6		—		—		—					—		107.6
Total liabilities	4,678.5		3,784.1		—		—					933.5		9,396.1
Total White Mountains’ common shareholders’ equity	826.7		1,264.3		—		—					1,996.7		4,087.7
Non-controlling interest	287.2		289.5		—		—					3.5		580.2

⁽¹⁾ BAM total assets reflect the elimination of $503.0 in surplus notes issued to HG Global and its subsidiaries, and $18.4 in accrued interest related to those surplus notes.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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