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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table presents selected quarterly financial data for 2019 and 2018. The quarterly financial data includes, in the opinion of management, all recurring adjustments necessary for a fair presentation of the results of operations for the interim periods.
Prior year amounts have been reclassified to conform to the current period’s presentation. Prior year amounts have also been adjusted for the impact of White Mountains’s financial statement revisions.
 
 
2019 Three Months Ended
 
2018 Three Months Ended
Millions, Except Per Share Amounts
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
 
Dec. 31
 
Sept. 30
 
June 30
 
Mar. 31
Revenues
 
$
175.3

 
$
155.5

 
$
129.0

 
$
433.6

 
$
6.0

 
$
198.7

 
$
122.3

 
$
42.1

Expenses
 
118.8

 
104.4

 
113.2

 
151.9

 
150.1

 
154.4

 
134.7

 
108.1

Pre-tax income (loss)
 
56.5

 
51.1

 
15.8

 
281.7

 
(144.1
)
 
44.3

 
(12.4
)
 
(66.0
)
Tax (expense) benefit
 
(10.4
)
 
(8.8
)
 
.1

 
(10.2
)
 
3.6

 
3.6

 
(2.5
)
 
(.7
)
Income (loss) from continuing operations
 
46.1

 
42.3

 
15.9

 
271.5

 
(140.5
)
 
47.9

 
(14.9
)
 
(66.7
)
Net (loss) gain from discontinued operations, net of tax (1)
 
(.8
)
 
.9

 
—

 
.7

 
—

 
(17.3
)
 
—

 
.1

Non-controlling interest in consolidated subsidiaries
 
15.6

 
5.5

 
4.6

 
12.2

 
3.0

 
10.2

 
18.4

 
18.6

Income (loss) attributable to White Mountains’s common shareholders
 
$
60.9

 
$
48.7

 
$
20.5

 
$
284.4

 
$
(137.5
)
 
$
40.8

 
$
3.5

 
$
(48.0
)
Income (loss) attributable to White Mountains’s common shareholders per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
19.37

 
$
15.01

 
$
6.44

 
$
89.42

 
$
(43.24
)
 
$
18.27

 
$
1.02

 
$
(12.85
)
Discontinued operations
 
(.25
)
 
.28

 
—

 
.22

 
—

 
(5.44
)
 
—

 
.03

Total consolidated operations
 
$
19.12

 
$
15.29

 
$
6.44

 
$
89.64

 
$
(43.24
)
 
$
12.83

 
$
1.02

 
$
(12.82
)
Diluted
 
 

 
 

 
 

 
 

 


 


 


 


Continuing operations
 
$
19.37

 
$
15.01

 
$
6.44

 
$
89.42

 
$
(43.24
)
 
$
18.27

 
$
1.02

 
$
(12.85
)
Discontinued operations
 
(.25
)
 
.28

 
—

 
.22

 
—

 
(5.44
)
 
—

 
.03

Total consolidated operations
 
$
19.12

 
$
15.29

 
$
6.44

 
$
89.64

 
$
(43.24
)
 
$
12.83

 
$
1.02

 
$
(12.82
)
(1) During 2019 and 2018, net (loss) gain from discontinued operations arose from the tax contingency on the sale of Sirius Group. See Note 19 — “Commitments and Contingencies”.