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Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Financial Information for White Mountains' Segments

The following tables present the financial information for White Mountains’s segments:

Millions						HG Global/ BAM						Ark						NSM						Kudu												Other Operations						Total
Three Months Ended March 31, 2021
Earned insurance premiums						$	6.4					$	104.6					$	—					$	—											$	—					$	111.0
Net investment income						4.5						.8						—						8.2												7.1						20.6
Net realized and unrealized investment    (losses) gains						(17.9)						1.1						—						15.8												2.1						1.1
Net realized and unrealized investment    losses from investment in MediaAlpha						—						—						—						—												(41.7)						(41.7)
Commission revenues						—						—						59.6						—												2.3						61.9
Other revenue						.3						2.6						15.2						.1												7.1						25.3
Total revenues						(6.7)						109.1						74.8						24.1												(23.1)						178.2
Loss and loss adjustment expenses						—						66.0						—						—												—						66.0
Insurance acquisition expenses						1.9						36.7						—						—												—						38.6
Cost of sales						—						—						—						—												4.0						4.0
General and administrative expenses						16.4						37.8						46.0						2.5												35.7						138.4
Broker commission expense						—						—						18.9						—												—						18.9
Change in fair value of contingent     consideration earnout liabilities						—						—						—						—												—						—
Amortization of other intangible assets						—						—						8.6						.1												.5						9.2
Loss on assets held for sale						—						—						28.7						—												—						28.7
Interest expense						—						1.1						5.9						5.8												.3						13.1
Total expenses						18.3						141.6						108.1						8.4												40.5						316.9
Pre-tax (loss) income						$	(25.0)					$	(32.5)					$	(33.3)					$	15.7											$	(63.6)					$	(138.7)

Millions						HG Global/ BAM						NSM						Kudu												Other Operations						Total
Three Months Ended March 31, 2020
Earned insurance premiums						$	5.4					$	—					$	—											$	—					$	5.4
Net investment income						5.5						—						7.3												10.1						22.9
Net realized and unrealized investment gains    (losses)						6.1						—						(24.8)												(168.0)						(186.7)
Net unrealized investment gains from investment in MediaAlpha						—						—						—												30.0						30.0
Commission revenues						—						53.0						—												2.1						55.1
Other revenue						.5						12.0						.1												1.5						14.1
Total revenues						17.5						65.0						(17.4)												(124.3)						(59.2)
Insurance acquisition expenses						1.7						—						—												—						1.7
Cost of sales						—						—						—												2.0						2.0
General and administrative expenses						14.7						39.6						2.5												17.5						74.3
Broker commission expense						—						18.3						—												—						18.3
Change in fair value of contingent      consideration earnout liabilities						—						(.6)						—												—						(.6)
Amortization of other intangible assets						—						4.8						.1												.2						5.1
Interest expense						—						4.3						1.4												.3						6.0
Total expenses						16.4						66.4						4.0												20.0						106.8
Pre-tax income (loss)						$	1.1					$	(1.4)					$	(21.4)											$	(144.3)					$	(166.0)

Schedule of Reconciliation of Revenue from Segments to Consolidated

In compliance with ASC 606, Revenues from Contracts with Customers, the following tables present White Mountains’s total revenues by revenue source for the three months ended March 31, 2021 and 2020:

Millions						HG Global/BAM						Ark						NSM						Kudu												Other Operations						Total
Three Months Ended March 31, 2021
Commission and other revenue
Specialty Transportation						$	—					$	—					$	20.7					$	—											$	—					$	20.7
Real Estate						—						—						9.8						—												—						9.8
Social Services						—						—						6.7						—												—						6.7
Pet						—						—						17.1						—												—						17.1
United Kingdom						—						—						13.1						—												—						13.1
Other						—						—						7.4						—												2.3						9.7
Total commission and other revenue						—						—						74.8						—												2.3						77.1
Product revenues						—						—						—						—												6.5						6.5
Revenues from contracts with customers						—						—						74.8						—												8.8						83.6
Other revenues (1)						(6.7)						109.1						—						24.1												(31.9)						94.6
Total revenues						$	(6.7)					$	109.1					$	74.8					$	24.1											$	(23.1)					$	178.2

(1)    Other revenues consist of premiums, investment income, investment gains and losses and other revenues outside the scope of ASC 606, Revenues from Contracts with Customers.

Millions						HG Global/BAM						NSM						Kudu												Other Operations						Total
Three Months Ended March 31, 2020
Commission and other revenue
Specialty Transportation						$	—					$	20.3					$	—											$	—					$	20.3
Real Estate						—						11.3						—												—						11.3
Social Services						—						6.3						—												—						6.3
Pet						—						11.8						—												—						11.8
United Kingdom						—						10.0						—												—						10.0
Other						—						5.3						—												1.4						6.7
Total commission and other revenue						—						65.0						—												1.4						66.4
Product revenues						—						—						—												2.1						2.1
Revenues from contracts with customers						—						65.0						—												3.5						68.5
Other revenues (1)						17.5						—						(17.4)												(127.8)						(127.7)
Total revenues						$	17.5					$	65.0					$	(17.4)											$	(124.3)					$	(59.2)

(1) Other revenues consist of premiums, investment income, investment gains and losses and other revenues outside the scope of ASC 606, Revenues from Contracts with Customers.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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