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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill | The following table presents the economic lives, acquisition date fair values, accumulated amortization and net carrying values for other intangible assets and goodwill, by reportable segment as of March 31, 2022 and December 31, 2021:
$ in Millions |  | Weighted Average Economic Life (in years) |  | March 31, 2022 |  | December 31, 2021
| Acquisition Date Fair Value |  | Accumulated Amortization |  | Impairments and Amounts Allocated to Held for Sale |  | Net Carrying Value |  | Acquisition Date Fair Value |  | Accumulated Amortization |  | Impairments and Amounts Allocated to Held for Sale |  | Net Carrying Value
Goodwill: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ark |  | N/A |  | $ | 116.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 116.8 |  |  | $ | 116.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 116.8 |
NSM (1) |  | N/A |  | 529.3 |  |  | — |  |  | 30.2 |  |  | 499.1 |  |  | 533.4 |  |  | — |  |  | 30.2 |  |  | 503.2 |
Kudu |  | N/A |  | 7.6 |  |  | — |  |  | — |  |  | 7.6 |  |  | 7.6 |  |  | — |  |  | — |  |  | 7.6 |
Other Operations |  | N/A |  | 17.9 |  |  | — |  |  | — |  |  | 17.9 |  |  | 17.9 |  |  | — |  |  | — |  |  | 17.9 |
Total goodwill |  | 671.6 |  |  | — |  |  | 30.2 |  |  | 641.4 |  |  | 675.7 |  |  | — |  |  | 30.2 |  |  | 645.5 |
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ark |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Underwriting Capacity | N/A |  | 175.7 |  |  | — |  |  | — |  |  | 175.7 |  |  | 175.7 |  |  | — |  |  | — |  |  | 175.7 |
NSM (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | 9.2 |  | 159.4 |  |  | 62.3 |  |  | 3.5 |  |  | 93.6 |  |  | 159.9 |  |  | 57.0 |  |  | 3.5 |  |  | 99.4 |
Trade names |  | 18 |  | 68.5 |  |  | 12.9 |  |  | 1.0 |  |  | 54.6 |  |  | 68.6 |  |  | 11.9 |  |  | 1.0 |  |  | 55.7 |
Information technology platform |  | 0 |  | 3.1 |  |  | 1.4 |  |  | 1.7 |  |  | — |  |  | 3.1 |  |  | 1.4 |  |  | 1.7 |  |  | — |
Renewal rights |  | 12 |  | 82.5 |  |  | 18.3 |  |  | — |  |  | 64.2 |  |  | 82.5 |  |  | 15.8 |  |  | — |  |  | 66.7 |
Other |  | 3.3 |  | 1.2 |  |  | .7 |  |  | — |  |  | .5 |  |  | 1.1 |  |  | .7 |  |  | — |  |  | .4 |
Subtotal |  |  |  | 314.7 |  |  | 95.6 |  |  | 6.2 |  |  | 212.9 |  |  | 315.2 |  |  | 86.8 |  |  | 6.2 |  |  | 222.2 |
Kudu |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 7 |  | 2.2 |  |  | .9 |  |  | — |  |  | 1.3 |  |  | 2.2 |  |  | .9 |  |  | — |  |  | 1.3 |
Other Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | 17.5 |  | 8.2 |  |  | 1.7 |  |  | — |  |  | 6.5 |  |  | 8.2 |  |  | 1.5 |  |  | — |  |  | 6.7 |
Customer relationships |  | 13.0 |  | 18.8 |  |  | 5.2 |  |  | — |  |  | 13.6 |  |  | 18.8 |  |  | 4.5 |  |  | — |  |  | 14.3 |
Other |  | 5.3 |  | .3 |  |  | .2 |  |  | — |  |  | .1 |  |  | .3 |  |  | .1 |  |  | — |  |  | .2 |
Subtotal |  |  |  | 27.3 |  |  | 7.1 |  |  | — |  |  | 20.2 |  |  | 27.3 |  |  | 6.1 |  |  | — |  |  | 21.2 |
Total other intangible assets | 519.9 |  |  | 103.6 |  |  | 6.2 |  |  | 410.1 |  |  | 520.4 |  |  | 93.8 |  |  | 6.2 |  |  | 420.4 |
Total goodwill and other intangible assets | $ | 1,191.5 |  |  | $ | 103.6 |  |  | $ | 36.4 |  |  | 1,051.5 |  |  | $ | 1,196.1 |  |  | $ | 93.8 |  |  | $ | 36.4 |  |  | 1,065.9 |
Goodwill and other intangible assets attributed to non-controlling interests |  | (117.1) |  |  |  |  |  |  |  |  | (117.6) |
Goodwill and other intangible assets included in White Mountains’s common shareholders’ equity |  | $ | 934.4 |  |  |  |  |  |  |  |  | $ | 948.3 |
(1) During the three months ended March 31, 2022, NSM’s goodwill included $(4.1) of the effect of foreign currency translation. During the three months ended March 31, 2022, NSM’s intangible assets included $(0.5) and 0.3 of the effect of foreign currency translation on the acquisition date fair value and accumulated amortization. The following table present the change in goodwill and other intangible assets for the three months ended March 31, 2022 and 2021:
|  | Three Months Ended March 31,
|  | 2022 |  | 2021
Millions |  | Goodwill |  | Other Intangible Assets |  | Total Goodwill and Other Intangible Assets |  | Goodwill |  | Other Intangible Assets |  | Total Goodwill and Other Intangible Assets
Beginning balance |  | $ | 645.5 |  |  | $ | 420.4 |  |  | $ | 1,065.9 |  |  | $ | 525.5 |  |  | $ | 256.9 |  |  | $ | 782.4 |
Ark Transaction |  | — |  |  | — |  |  | — |  |  | 116.8 |  |  | 175.7 |  |  | 292.5 |
Measurement period adjustments (1) |  | — |  |  | — |  |  | — |  |  | (.2) |  |  | — |  |  | (.2) |
Amortization |  | — |  |  | (10.1) |  |  | (10.1) |  |  | — |  |  | (9.2) |  |  | (9.2) |
Loss on assets held for sale (2) |  | — |  |  | — |  |  | — |  |  | (30.2) |  |  | — |  |  | (30.2) |
Foreign currency translation |  | (4.1) |  |  | (.2) |  |  | (4.3) |  |  | 1.5 |  |  | .2 |  |  | 1.7 |
Ending balance |  | $ | 641.4 |  |  | $ | 410.1 |  |  | $ | 1,051.5 |  |  | $ | 613.4 |  |  | $ | 423.6 |  |  | $ | 1,037.0 |
(1) Measurement period adjustments relate to updated information about acquisition date fair values of assets acquired and liabilities assumed. During the three months ended March 31, 2021, adjustments primarily relate to goodwill of $0.2 in connection with the acquisition in the Other Operations segment. (2) Relates to the sale of Fresh Insurance’s motor business recorded in the first quarter of 2021. This amount excludes $1.5 of net proceeds related to the sale.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following presents additional details of the assets acquired and liabilities assumed as of the January 1, 2021 acquisition date:
Millions |  | As of January 1, 2021 |
Investments |  | $ | 594.3 |
Cash |  | 52.0 | (1)
Reinsurance recoverables |  | 433.4 |
Insurance premiums receivable |  | 236.7 |
Ceded unearned premiums |  | 170.2 |
Value of in-force business acquired |  | 71.7 |
Other assets |  | 88.9 |
Loss and loss adjustment expense reserves |  | (696.0) |
Unearned insurance premiums |  | (326.1) |
Debt |  | (46.4) |
Ceded reinsurance payable |  | (528.3) |
Other liabilities |  | (25.9) |
Net tangible assets acquired |  | 24.5 |
Goodwill |  | 116.8 |
Other intangible assets - syndicate underwriting capacity |  | 175.7 |
Deferred tax liability on other intangible assets |  | (33.4) |
Net assets acquired |  | $ | 283.6 |
(1) Cash excludes the White Mountains cash contribution of $605.4 as part of the Ark transaction. The following table presents a summary of the acquisition date fair values of goodwill and other intangible assets for acquisitions completed from January 1, 2021 through March 31, 2022:
$ in Millions |  |  |  |
Acquisition of subsidiary/ asset |  | Goodwill and Other intangible asset (1) |  | Acquisition Date
Ark |  | $ | 292.5 |  |  | January 1, 2021
J.C. Taylor |  | $ | 55.7 |  |  | August 6, 2021
Other Operations |  | $ | 15.9 |  |  | April 27, 2021
(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.

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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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