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Debt | 6 Months Ended
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Jun. 30, 2013
Debt Disclosure [Abstract] |
Debt | Debt White Mountains’ debt outstanding as of June 30, 2013 and December 31, 2012 consisted of the following:
Millions |  | June 30, 2013 |  | December 31, 2012
2012 OBH Senior Notes, at face value |  | $ | 275.0 |  |  | $ | 275.0 |
Unamortized original issue discount |  | (.3 | ) |  | (.3 | )
2012 OBH Senior Notes, carrying value |  | 274.7 |  |  | 274.7 |
SIG Senior Notes, at face value |  | 400.0 |  |  | 400.0 |
Unamortized original issue discount |  | (.5 | ) |  | (.6 | )
SIG Senior Notes, carrying value |  | 399.5 |  |  | 399.4 |
WTM Bank Facility |  | — |  |  | 75.0 |
Old Lyme Note |  | 2.1 |  |  | 2.1 |
Total debt |  | $ | 676.3 |  |  | $ | 751.2 |
WTM Bank Facility White Mountains has a revolving credit facility with a total commitment of $375.0 million (the “WTM Bank Facility”) with a syndicate of lenders administered by Bank of America, N.A. that has a maturity date of August 12, 2015. In December 2012, White Mountains borrowed $150.0 million under the WTM Bank Facility. White Mountains repaid $75.0 million in December 2012 and the remaining balance of $75.0 million in January 2013. During the six months ended June 30, 2013, White Mountains also borrowed and repaid $130.0 million under the WTM Bank Facility at a blended interest rate of 2.71%. As of June 30, 2013, the WTM Bank Facility was undrawn. The WTM Bank Facility contains various affirmative, negative and financial covenants which White Mountains considers to be customary for such borrowings, including certain minimum net worth and maximum debt to capitalization standards. Failure to meet one or more of these covenants could result in an event of default, which ultimately could eliminate availability under these facilities and result in acceleration of principal repayment on any amounts outstanding. Debt Covenants At June 30, 2013, White Mountains was in compliance with all of the covenants under the WTM Bank Facility, the 2012 OBH Senior Notes and the SIG Senior Notes.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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