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Investments in Unconsolidated Entities
9 Months Ended
Sep. 30, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Entities
 
White Mountains’s investments in unconsolidated entities are included within other long-term investments and consist of investments in common equity securities or similar instruments, which give White Mountains the ability to exert significant influence over the investee’s operating and financial policies (“equity method eligible unconsolidated entities”). Such investments may be accounted for under either the equity method or, alternatively, White Mountains may elect to account for them under the fair value option.
The following table presents the carrying values of investments in equity method eligible unconsolidated entities recorded within other long-term investments:
Millions
 
September 30, 2018
 
December 31, 2017
Equity method eligible private equity securities, at fair value
 
$
97.3

 
$
58.0

Investments, accounted for under the equity method
 
11.6

 
4.6

     Total investments in equity method eligible unconsolidated entities
 
108.9

 
62.6

Other unconsolidated investments (1)
 
180.8

 
146.2

     Total other long-term investments
 
$
289.7

 
$
208.8

(1) Consists of other long-term investments that are not equity method eligible.

The following table presents White Mountains’s investments in equity method eligible unconsolidated entities as of September 30, 2018 and December 31, 2017:
 
 
Ownership Interest
 
 
Investee
 
September 30, 2018
 
December 31, 2017
 
Instrument Held
PassportCard (1)
 
50.0%
 
50.0%
 
Common shares
DavidShield (1)
 
50.0%
 
 
Common shares
Kudu
 
49.5%
 
 
Units
durchblicker
 
45.0%
 
45.0%
 
Common shares
Compare.com
 
22.1%
 
22.1%
 
Common shares
Tuckerman Capital Fund III, L.P.
 
21.8%
 
21.3%
 
Limited partnership interest

(1) At September 30, 2018, White Mountains's ownership interest in PassportCard comprised a 25% direct ownership interest and a 25% indirect interest through DavidShield. At December 31, 2017, White Mountains's ownership interest was a 50% direct ownership interest. See Note 2 — “Significant Transactions”.

For the three and nine months ending September 30, 2018, White Mountains recorded $4.2 million and $8.1 million associated with Tuckerman Capital Fund III L.P. (“Tuckerman III, L.P.”) within unrealized investment gains (losses) and net investment income. Financial data submitted by Tuckerman III L.P. is on a one-quarter lag. For the three and nine trailing months ended June 30, 2018, Tuckerman III L.P.’s total net income was $31.9 million and $43.7 million. For the three and nine trailing months ended June 30, 2017, Tuckerman III L.P.’s total net income was $3.2 million and $7.1 million. As of June 30, 2018 and December 31, 2017, Tuckerman III, L.P.’s total assets were $61.9 million and $21.8 million.