XML 166 R49.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Segment Reporting [Abstract] |
Financial information for White Mountains' segments | Financial information for White Mountains’ segments follows:
|  |  |  |  |  | HG Global/BAM |  |  |  |
Millions |  | OneBeacon |  | Sirius Group |  | HG Global |  | BAM(1) |  | Other Operations |  | Total
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earned insurance and reinsurance premiums |  | $ | 1,120.4 |  |  | $ | 866.4 |  |  | $ | .4 |  |  | $ | .1 |  |  | $ | — |  |  | $ | 1,987.3 |
Net investment income |  | 41.1 |  |  | 48.8 |  |  | 1.0 |  |  | 4.7 |  |  | 15.3 |  |  | 110.9 |
Net investment income (loss) - surplus note interest |  | — |  |  | — |  |  | 40.2 |  |  | (40.2 | ) |  | — |  |  | — |
Net realized and unrealized investment gains (losses) |  | 49.4 |  |  | 26.7 |  |  | (2.0 | ) |  | (9.3 | ) |  | 96.9 |  |  | 161.7 |
Other revenue |  | 31.2 |  |  | 16.8 |  |  | — |  |  | 0.4 |  |  | 9.1 |  |  | 57.5 |
Total revenues |  | 1,242.1 |  |  | 958.7 |  |  | 39.6 |  |  | (44.3 | ) |  | 121.3 |  |  | 2,317.4 |
Losses and LAE |  | 622.1 |  |  | 418.4 |  |  | — |  |  | — |  |  | — |  |  | 1,040.5 |
Insurance and reinsurance acquisition expenses |  | 208.9 |  |  | 166.5 |  |  | 0.1 |  |  | 1.4 |  |  | — |  |  | 376.9 |
Other underwriting expenses |  | 204.8 |  |  | 126.1 |  |  | — |  |  | .4 |  |  | — |  |  | 331.3 |
General and administrative expenses |  | 12.0 |  |  | 32.2 |  |  | 1.4 |  |  | 32.5 |  |  | 103.2 |  |  | 181.3 |
Interest expense on debt |  | 13.0 |  |  | 26.3 |  |  | — |  |  | — |  |  | 3.2 |  |  | 42.5 |
Total expenses |  | 1,060.8 |  |  | 769.5 |  |  | 1.5 |  |  | 34.3 |  |  | 106.4 |  |  | 1,972.5 |
Pre-tax income (loss) |  | $ | 181.3 |  |  | $ | 189.2 |  |  | $ | 38.1 |  |  | $ | (78.6 | ) |  | $ | 14.9 |  |  | $ | 344.9 |
|  |  |  |  |  | HG Global/BAM |  |  |  |
Millions |  | OneBeacon |  | Sirius Group |  | HG Global |  | BAM(1) |  | 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 (loss) 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 (loss) 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 |
|  |  |  |  |  | HG Global/BAM |  |  |  |
Selected Balance Sheet Data Millions |  | OneBeacon |  | Sirius Group |  | HG Global |  | BAM |  | Other Operations |  | Total
December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments |  | $ | 2,364.9 |  |  | $ | 3,251.4 |  |  | $ | 107.9 |  |  | $ | 468.6 |  |  | $ | 999.8 |  |  | $ | 7,192.6 |
Reinsurance recoverable on paid and unpaid losses |  | 89.9 |  |  | 363.6 |  |  | — |  |  | — |  |  | — |  |  | 453.5 |
Assets held for sale |  | 1,880.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,880.1 |
Total assets |  | 5,191.3 |  |  | 5,124.1 |  |  | 675.0 |  |  | (77.9 | ) | (2 | ) | 1,231.8 |  |  | 12,144.3 |
Loss and LAE reserves |  | 1,054.3 |  |  | 2,025.0 |  |  | — |  |  | — |  |  | — |  |  | 3,079.3 |
Liabilities held for sale |  | 1,880.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,880.1 |
Total liabilities |  | 4,083.9 |  |  | 3,414.5 |  |  | 68.9 |  |  | 19.7 |  |  | 159.9 |  |  | 7,746.9 |
Total White Mountains’ common shareholders’ equity |  | 830.6 |  |  | 1,459.6 |  |  | 589.5 |  |  | — |  |  | 1,025.8 |  |  | 3,905.5 |
Non-controlling interest |  | 276.8 |  |  | 250.0 |  |  | 16.6 |  |  | (97.6 | ) |  | 46.1 |  |  | 491.9 |
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 | ) | (2 | ) | 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 |  |  | 0.9 |  |  | 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 |  |  | 16.6 |  |  | (36.0 | ) |  | 12.5 |  |  | 526.4 |
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, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total investments |  | $ | 2,364.9 |  |  | $ | 3,251.4 |  |  | $ | 107.9 |  |  | $ | 468.6 |  |  | $ | 999.8 |  |  | $ | 7,192.6 |
Reinsurance recoverable on paid and unpaid losses |  | 89.9 |  |  | 363.6 |  |  | — |  |  | — |  |  | — |  |  | 453.5 |
Assets held for sale |  | 1,880.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,880.1 |
Total assets |  | 5,191.3 |  |  | 5,124.1 |  |  | 675.0 |  |  | (77.9 | ) | (2 | ) | 1,231.8 |  |  | 12,144.3 |
Loss and LAE reserves |  | 1,054.3 |  |  | 2,025.0 |  |  | — |  |  | — |  |  | — |  |  | 3,079.3 |
Liabilities held for sale |  | 1,880.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,880.1 |
Total liabilities |  | 4,083.9 |  |  | 3,414.5 |  |  | 68.9 |  |  | 19.7 |  |  | 159.9 |  |  | 7,746.9 |
Total White Mountains’ common shareholders’ equity |  | 830.6 |  |  | 1,459.6 |  |  | 589.5 |  |  | — |  |  | 1,025.8 |  |  | 3,905.5 |
Non-controlling interest |  | 276.8 |  |  | 250.0 |  |  | 16.6 |  |  | (97.6 | ) |  | 46.1 |  |  | 491.9 |
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 | ) | (2 | ) | 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 |  |  | 0.9 |  |  | 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 |  |  | 16.6 |  |  | (36.0 | ) |  | 12.5 |  |  | 526.4 |
(1) | BAM manages its affairs on a statutory accounting basis. BAM’s statutory surplus includes surplus notes and is not reduced by accruals of interest expense on the surplus notes. BAM’s statutory surplus is reduced only after a payment of principal or interest has been approved by the New York Department of Financial Services.
(2) | BAM total assets reflect the elimination of $503.0 in surplus notes issued to HG Global and its subsidiaries, and $58.6 and $18.4 in accrued interest related to those surplus notes as of December 31, 2013 and 2012.

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of selected balance sheet data for the each reportable segment. + References No definition available. + Details
Name: | wtm_ScheduleOfSelectedBalanceSheetDataBySegmentTableTextBlock
Namespace Prefix: | wtm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration