Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Financial information for White Mountains' segments

Significant intercompany transactions among White Mountains’s segments have been eliminated herein. Financial information for White Mountains’s segments follows:



			HG Global/BAM
Millions	OneBeacon		HG		BAM⁽¹⁾			Other Operations				Total
Three Months Ended March 31, 2016
Earned insurance premiums	$	278.6	$	.9	$	.3		$	2.3			$	282.1
Net investment income	14.4		.5		1.6			1.4				17.9
Net investment income (loss) - surplus note interest	—		4.5		(4.5		)	—				—
Net realized and unrealized investment gains	16.6		2.1		4.9			5.9				29.5
Other revenue	.9		—		.1			96.6			⁽²⁾	97.6
Total revenues	310.5		8.0		2.4			106.2				427.1
Losses and LAE	158.8		—		—			2.3				161.1
Insurance acquisition expenses	51.0		.2		.7			.8				52.7
Other underwriting expenses	55.3		—		.1			—				55.4
General and administrative expenses	3.6		.5		9.2			119.1			⁽³⁾	132.4
Amortization of intangible assets	.3		—		—			7.8				8.1
Interest expense	3.3		—		—			2.6				5.9
Total expenses	272.3		.7		10.0			132.6				415.6
Pre-tax (loss) income	$	38.2	$	7.3	$	(7.6	)	$	(26.4	)		$	11.5



				HG Global/BAM
Millions	OneBeacon			HG		BAM⁽¹⁾			Other Operations				Total
Three Months Ended March 31, 2015
Earned insurance premiums	$	286.6		$	.5	$	.2		$	2.0			$	289.3
Net investment income	10.5			.4		1.0			.7				12.6
Net investment income (loss) - surplus note interest	—			4.0		(4.0		)	—				—
Net realized and unrealized investment losses	14.2			1.1		3.0			6.7				25.0
Other (loss) revenue	(3.1		)	—		.1			67.9			⁽²⁾	64.9
Total revenues	308.2			6.0		.3			77.3				391.8
Losses and LAE	165.9			—		—			2.0				167.9
Insurance acquisition expenses	51.0			.1		.8			1.1				53.0
Other underwriting expenses	55.9			—		.1			—				56.0
General and administrative expenses	3.8			.4		8.2			90.8			⁽³⁾	103.2
Amortization of intangible assets	.3			—		—			6.6				6.9
Interest expense	3.2			—		—			1.1				4.3
Total expenses	280.1			.5		9.1			101.6				391.3
Pre-tax income (loss)	$	28.1		$	5.5	$	(8.8	)	$	(24.3	)		$	.5


⁽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⁾ Includes $57.8 from Tranzact and $32.7 from MediaAlpha for the quarter ended March 31, 2016. and $37.5 from Tranzact and $29.7 from MediaAlpha for the year ended March 31, 2015.

⁽³⁾Includes $48.4 from Tranzact and $30.5 from MediaAlpha for the quarter ended March 31, 2016, and $34.9 from Tranzact and $27.7 from MediaAlpha for the year ended March 31, 2015.