Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017
Earned insurance premiums	$	261.8	$	1.5	$	.5		$	1.0		$	264.8
Net investment income	12.2		.6		2.0			11.3			26.1
Net investment income (loss) - surplus note interest	—		4.8		(4.8		)	—			—
Net realized and unrealized investment gains	15.0		.3		1.0			35.0			51.3
Other revenue	3.4		—		.4			39.9		⁽²⁾	43.7
Total revenues	292.4		7.2		(.9		)	87.2			385.9
Losses and LAE	150.6		—		—			1.1			151.7
Insurance acquisition expenses	45.3		.3		.9			.1			46.6
Other underwriting expenses	51.7		—		.1			—			51.8
General and administrative expenses	4.7		.3		10.3			76.0		⁽³⁾	91.3
Amortization of other intangible assets	.3		—		—			2.6			2.9
Interest expense	3.3		—		—			.4			3.7
Total expenses	255.9		.6		11.3			80.2			348.0
Pre-tax income (loss)	$	36.5	$	6.6	$	(12.2	)	$	7.0		$	37.9



			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			38.8			⁽²⁾	39.8
Total revenues	310.5		8.0		2.4			48.4				369.3
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			70.7			⁽³⁾	84.0
Amortization of other intangible assets	.3		—		—			2.8				3.1
Interest expense	3.3		—		—			1.2				4.5
Total expenses	272.3		.7		10.0			77.8				360.8
Pre-tax income (loss)	$	38.2	$	7.3	$	(7.6	)	$	(29.4	)		$	8.5

⁽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 $32.5 from MediaAlpha for the three months ended March 31, 2017, and $32.7 from MediaAlpha for the three months ended March 31, 2016.

⁽³⁾Includes $30.9 from MediaAlpha for the three months ended March 31, 2017, and $30.5 from MediaAlpha for the three months ended March 31, 2016.