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Equity-Method Eligible Investments (Tables)
 3 Months Ended
Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table presents the carrying values of White Mountains’s equity method eligible investments as of March 31, 2021 and December 31, 2020:
MillionsMarch 31, 2021December 31, 2020
Investment in MediaAlpha$600.2 $802.2 
Other equity method eligible investments, at fair value$706.2 $698.1 
The following table presents White Mountains’s significant equity method eligible investments as of March 31, 2021 and December 31, 2020:
Basic Ownership Interest
InvesteeMarch 31, 2021December 31, 2020Instrument Held
PassportCard/DavidShield 53.8%53.8%Common shares
New Market Solutions, LLC.46.7%46.7%Units
durchblicker45.0%45.0%Common shares
MediaAlpha28.5%35.0%Common shares
Elementum Holdings, L.P.29.7%28.9%Limited partnership interest
Compare.com18.4%18.4%Common shares
Tuckerman Capital Funds 16.1 - 30.0%14.9 - 62.0%Limited and general partnership interests
Enlightenment Capital Funds9.1 - 66.3%9.7 - 66.7%Limited and general partnership interests
Kudu Participation Contracts 3.2 - 35.6%3.2 - 35.0%Revenue and earnings participation contracts
The following tables present summarized financial information for MediaAlpha as of March 31, 2021 and 2020:
MillionsMarch 31, 2021December 31, 2020
Balance sheet data:
Total assets$241.7 $212.7 
Total liabilities$331.1 $315.8 

Three Months Ended
March 31,
Millions20212020
Income statement data:
Total revenues$173.6 $119.4 
Total expenses$173.4 $110.6 
Net income$.2 $8.8