Held for Sale and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Schedule of earnings per share for discontinued operations

The following table presents the Company’s computation of earnings per share for discontinued operations for the years ended December 31, 2020, 2019 and 2018:


	Year Ended December 31,
	2020		2019		2018
Basic and diluted earnings per share numerators (in millions):
Net income (loss) attributable to White Mountains’s common shareholders	$	708.7	$	414.5	$	(141.2)
Less: total income (loss) from continuing operations, net of tax	711.0		413.7		(124.0)
Net (loss) income from discontinued operations attributable to White Mountains’s common shareholders	(2.3)		.8		(17.2)
Allocation of (earnings) losses to participating restricted common shares (1)	—		—		.2
Basic and diluted (loss) earnings per share numerators	$	(2.3)	$	.8	$	(17.0)
Basic earnings per share denominators (in thousands):
Total average common shares outstanding during the period	3,122.2		3,181.6		3,382.5
Average unvested restricted common shares (3)	(40.8)		(40.5)		(40.1)
Basic earnings (loss) per share denominator	3,081.4		3,141.1		3,342.4
Diluted earnings per share denominator (in thousands):
Total average common shares outstanding during the period	3,122.2		3,181.6		3,382.5
Average unvested restricted common shares (3)	(40.8)		(40.5)		(40.1)

Diluted earnings (loss) per share denominator	3,081.4		3,141.1		3,342.4
Basic (loss) earnings per share (in dollars) - discontinued operations:	$	(.75)	$	.25	$	(5.09)
Diluted (loss) earnings per share (in dollars) - discontinued operations:	$	(.75)	$	.25	$	(5.09)

(1)Restricted shares issued by White Mountains contain dividend participation features, and therefore, are considered participating securities.

(2)Net earnings attributable to White Mountains’s common shareholders, net of restricted share amounts, is equal to undistributed earnings for the years ended December 31, 2020, 2019 and 2018.

(3)Restricted common shares outstanding vest either in equal annual installments or upon a stated date. See Note 10 — “Employee Share-Based Compensation Plans”.