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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill | The following tables present the change in goodwill and other intangible assets for the three and nine months ended September 30, 2020 and 2019:
|  | Three Months Ended September 30,
|  | 2020 |  | 2019
Millions |  | Goodwill |  | Other Intangible Assets |  | Total Goodwill and Other Intangible Assets |  | Goodwill |  | Other Intangible Assets |  | Total Goodwill and Other Intangible Assets
Beginning balance |  | $ | 518.2 |  |  | $ | 241.7 |  |  | $ | 759.9 |  |  | $ | 428.6 |  |  | $ | 239.0 |  |  | $ | 667.6 |
Attribution of acquisition date fair value estimates between goodwill and other intangible assets |  | — |  |  | — |  |  | — |  |  | $ | (2.2 | ) |  | $ | 2.2 |  |  | — |
Acquisitions of businesses |  | 14.9 |  | (1) | — |  |  | 14.9 |  |  | — |  |  | — |  |  | — |
Acquisition of renewal rights |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign currency translation |  | 7.0 |  |  | (.1 | ) |  | 6.9 |  |  | (1.6 | ) |  | (.5 | ) |  | (2.1 | )
Amortization |  | — |  |  | (5.4 | ) |  | (5.4 | ) |  | — |  |  | (4.6 | ) |  | (4.6 | )
Ending balance |  | $ | 540.1 |  |  | $ | 236.2 |  |  | $ | 776.3 |  |  | $ | 424.8 |  |  | $ | 236.1 |  |  | $ | 660.9 |
(1) The relative fair values of goodwill and other intangible assets recognized in connection with the acquisition of Other Operations had not yet been finalized at September 30, 2020.
|  | Nine Months Ended September 30,
|  | 2020 |  | 2019
Millions |  | Goodwill |  | Other Intangible Assets |  | Total Goodwill and Other Intangible Assets |  | Goodwill |  | Other Intangible Assets |  | Total Goodwill and Other Intangible Assets
Beginning balance |  | $ | 394.7 |  |  | $ | 260.0 |  |  | $ | 654.7 |  |  | $ | 379.9 |  |  | $ | 157.6 |  |  | $ | 537.5 |
Deconsolidation of MediaAlpha |  | — |  |  | — |  |  | — |  |  | (18.3 | ) |  | (23.5 | ) |  | (41.8 | )
Attribution of acquisition date fair value estimates between goodwill and other intangible assets |  | — |  |  | — |  |  | — |  |  | (29.0 | ) |  | 29.0 |  |  | — |
Acquisitions of businesses |  | 140.0 |  | (1) | — |  |  | 140.0 |  |  | 93.8 |  | (2) | — |  |  | 93.8 |
Acquisition of renewal rights |  | — |  |  | — |  |  | — |  |  | — |  |  | 82.5 |  |  | 82.5 |
Foreign currency translation |  | 5.2 |  |  | (.5 | ) |  | 4.7 |  |  | (1.6 | ) |  | — |  |  | (1.6 | )
Adjustments to reflect acquisition date fair value |  | .2 |  |  | — |  |  | .2 |  |  | — |  |  | 5.9 |  |  | 5.9 |
Impairments |  | — |  |  | (6.2 | ) |  | (6.2 | ) |  | — |  |  | — |  |  | — |
Amortization |  | — |  |  | (17.1 | ) |  | (17.1 | ) |  | — |  |  | (15.4 | ) |  | (15.4 | )
Ending balance |  | $ | 540.1 |  |  | $ | 236.2 |  |  | $ | 776.3 |  |  | $ | 424.8 |  |  | $ | 236.1 |  |  | $ | 660.9 |
(1) The relative fair values of goodwill and other intangible assets recognized in connection with the acquisition of Kingsbridge and Other Operations had not yet been finalized at September 30, 2020. (2) The relative fair values of goodwill and other intangible assets recognized in connection with the acquisitions of Embrace and Other Operations had not yet been finalized at September 30, 2019. The following table presents the acquisition date fair values, accumulated amortization and net carrying values for other intangible assets and goodwill, by company as of September 30, 2020 and December 31, 2019:
$ in Millions |  | Weighted Average Economic Life (in years) |  | September 30, 2020 |  | December 31, 2019
| Acquisition Date Fair Value |  | Accumulated Amortization |  | Impairments |  | Net Carrying Value |  | Acquisition Date Fair Value |  | Accumulated Amortization |  | Impairments |  | Net Carrying Value
Goodwill: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NSM (1) |  | N/A |  | $ | 511.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 511.8 |  |  | $ | 381.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 381.6 |
Kudu |  | N/A |  | 7.6 |  |  | — |  |  | — |  |  | 7.6 |  |  | 7.6 |  |  | — |  |  | — |  |  | 7.6 |
Other Operations |  | N/A |  | 20.7 |  |  | — |  |  | — |  |  | 20.7 |  |  | 13.1 |  |  | — |  |  | 7.6 |  |  | 5.5 |
Total goodwill |  |  |  | 540.1 |  |  | — |  |  | — |  |  | 540.1 |  |  | 402.3 |  |  | — |  |  | 7.6 |  |  | 394.7 |
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NSM (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 9 |  | 118.4 |  |  | 28.4 |  |  | 3.5 |  |  | 86.5 |  |  | 121.7 |  |  | 19.8 |  |  | 1.4 |  |  | 100.5 |
Trade names |  | 19 |  | 60.8 |  |  | 7.1 |  |  | 1.0 |  |  | 52.7 |  |  | 61.9 |  |  | 5.3 |  |  | .4 |  |  | 56.2 |
Information technology platform |  | 0 |  | 3.1 |  |  | 1.4 |  |  | 1.7 |  |  | — |  |  | 3.9 |  |  | 1.4 |  |  | .6 |  |  | 1.9 |
Renewal rights |  | 12 |  | 82.5 |  |  | 3.9 |  |  | — |  |  | 78.6 |  |  | 82.5 |  |  | .7 |  |  | — |  |  | 81.8 |
Other |  | 3 |  | 1.7 |  |  | 1.0 |  |  | — |  |  | .7 |  |  | 1.7 |  |  | .7 |  |  | — |  |  | 1.0 |
Subtotal |  |  |  | 266.5 |  |  | 41.8 |  |  | 6.2 |  |  | 218.5 |  |  | 271.7 |  |  | 27.9 |  |  | 2.4 |  |  | 241.4 |
Kudu |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 7 |  | 2.2 |  |  | .5 |  |  | — |  |  | 1.7 |  |  | 2.2 |  |  | .2 |  |  | — |  |  | 2.0 |
Other Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 10 |  | 1.0 |  |  | .1 |  |  | — |  |  | .9 |  |  | 1.7 |  |  | .5 |  |  | .2 |  |  | 1.0 |
Customer relationships |  | 11 |  | 7.2 |  |  | .8 |  |  | — |  |  | 6.4 |  |  | 7.2 |  |  | .4 |  |  | — |  |  | 6.8 |
Information technology platform |  | 5 |  | — |  |  | — |  |  | — |  |  | — |  |  | .5 |  |  | .3 |  |  | .2 |  |  | — |
Insurance Licenses |  | N/A |  | 8.6 |  |  | — |  |  | — |  |  | 8.6 |  |  | 8.6 |  |  | — |  |  | — |  |  | 8.6 |
Other |  | 5 |  | .2 |  |  | .1 |  |  | — |  |  | .1 |  |  | .2 |  |  | — |  |  | — |  |  | .2 |
Subtotal |  |  |  | 17.0 |  |  | 1.0 |  |  | — |  |  | 16.0 |  |  | 18.2 |  |  | 1.2 |  |  | .4 |  |  | 16.6 |
Total other intangible assets | 285.7 |  |  | 43.3 |  |  | 6.2 |  |  | 236.2 |  |  | 292.1 |  |  | 29.3 |  |  | 2.8 |  |  | 260.0 |
Total goodwill and other intangible assets |  | $ | 825.8 |  |  | $ | 43.3 |  |  | $ | 6.2 |  |  | 776.3 |  |  | $ | 694.4 |  |  | $ | 29.3 |  |  | 10.4 |  |  | 654.7 |
Goodwill and other intangible assets attributed to non-controlling interests |  |  |  | (27.1 | ) |  |  |  |  |  |  |  | (23.4 | )
Goodwill and other intangible assets included in White Mountains’s common shareholders’ equity |  |  |  | $ | 749.2 |  |  |  |  |  |  |  |  | $ | 631.3 |
(1) As of September 30, 2020, NSM’s goodwill and intangible assets included $5.2 and $(0.5) of the effect of foreign currency translation. As of December 31, 2019, NSM’s goodwill and intangible assets included $1.4 and $0.7 of the effect of foreign currency translation.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents a summary of the acquisition date fair values of goodwill and other intangible assets for acquisitions completed from January 1, 2019 through September 30, 2020:
$ in Millions |  |  |  |
Acquisition of subsidiary/ asset |  | Goodwill and Other intangible asset (1) |  | Acquisition Date
Embrace (2) |  | $ | 67.6 |  |  | April 1, 2019
Renewal Rights (3) |  | 82.5 |  |  | June 28, 2019
Kingsbridge (4) |  | 125.1 |  |  | April 7, 2020
Total NSM segment |  | $ | 275.2 |  |  |
Kudu Transaction |  | $ | 9.8 |  |  | April 4, 2019
Other Operations (4) |  | $ | 37.5 |  |  | Various
(1) Acquisition date fair values include the effect of adjustments during the measurement period and excludes the effect of foreign currency translation subsequent to the acquisition date. (2) Excludes $3.4 of software classified within other assets. (3) NSM’s purchase of the Renewal Rights from AIG was an asset acquisition. (4) The determination of the relative fair values of goodwill and other intangible assets had not yet been finalized as of September 30, 2020.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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