XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.21.1

Earnings Per Share (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Earnings Per Share [Abstract] |
Computation of earnings per share | The following table presents the Company’s computation of earnings per share from continuing operations for the three months ended March 31, 2021 and 2020. See Note 19 — “Held for Sale and Discontinued Operations”.
|  | Three Months Ended |  |
|  | March 31, |  |
|  | 2021 |  | 2020 |  |  |  |
Basic and diluted loss per share numerators (in millions): |  |  |  |  |  |  |  |
Net loss attributable to White Mountains’s common shareholders |  | $ | (75.3) |  |  | $ | (128.8) |  |  |  |  |
Less: total income from discontinued operations, net of tax |  | 18.7 |  |  | .9 |  |  |  |  |
Net loss from continuing operations attributable to White Mountains’s common shareholders |  | $ | (94.0) |  |  | $ | (129.7) |  |  |  |  |
Allocation of losses to participating restricted common shares(1) |  | .9 |  |  | 1.3 |  |  |  |  |
Basic and diluted losses per share numerators |  | $ | (93.1) |  |  | $ | (128.4) |  |  |  |  |
Basic loss per share denominators (in thousands): |  |  |  |  |  |  |  |
Total average common shares outstanding during the period |  | 3,100.2 |  |  | 3,178.0 |  |  |  |  |
Average unvested restricted common shares(2) |  | (32.4) |  |  | (33.8) |  |  |  |  |
Basic losses per share denominator |  | 3,067.8 |  |  | 3,144.2 |  |  |  |  |
Diluted loss per share denominator (in thousands): |  |  |  |  |  |  |  |
Total average common shares outstanding during the period |  | 3,100.2 |  |  | 3,178.0 |  |  |  |  |
Average unvested restricted common shares(2) |  | (32.4) |  |  | (33.8) |  |  |  |  |
Diluted losses per share denominator |  | 3,067.8 |  |  | 3,144.2 |  |  |  |  |
Basic and diluted losses per share (in dollars) - continuing operations: |  |  |  |  |  |  |  |
Distributed earnings - dividends declared and paid |  | $ | 1.00 |  |  | $ | 1.00 |  |  |  |  |
Undistributed losses |  | (31.33) |  |  | (41.82) |  |  |  |  |
Basic and diluted losses per share |  | $ | (30.33) |  |  | $ | (40.82) |  |  |  |  |
(1) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities. (2) Restricted shares outstanding vest either in equal annual installments or upon a stated date. See Note 12 — “Employee Share-Based Incentive Compensation Plans”.
Schedule of Undistributed Net Earnings (Losses) from Continuing Operations | The following table presents the undistributed net earnings (losses) from continuing operations for the three months ended March 31, 2021 and 2020. See Note 19 — “Held for Sale and Discontinued Operations”.
|  | Three Months Ended |  |
|  | March 31, |  |
Millions |  | 2021 |  | 2020 |  |  |  |
Undistributed net losses - continuing operations: |  |  |  |  |  |  |  |
Net loss attributable to White Mountains’s common shareholders, net of restricted common share amounts |  | $ | (93.1) |  |  | $ | (128.4) |  |  |  |  |
Dividends declared, net of restricted common share amounts (1) |  | (3.1) |  |  | (3.1) |  |  |  |  |
Total undistributed net losses, net of restricted common share amounts |  | $ | (96.2) |  |  | $ | (131.5) |  |  |  |  |
(1) Restricted shares issued by White Mountains receive dividends, and are therefore considered participating securities.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration