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Equity-Method Eligible Investments (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | The following table presents the ownership interests and carrying values of White Mountains’s equity method eligible investments as of June 30, 2022 and December 31, 2021:
|  | June 30, 2022 |  | December 31, 2021
Millions |  | Ownership Interest |  | Carrying Value |  | Ownership Interest |  | Carrying Value
Kudu Participation Contracts (1) |  | 3.2 - 33.4% |  | $ | 727.0 |  |  | 3.2 - 32.0% |  | $ | 669.5 |
Investment in MediaAlpha |  | 27.6 | % |  | 166.9 |  |  | 28.0 | % |  | 261.6 |
PassportCard/DavidShield |  | 53.8 | % |  | 132.0 |  |  | 53.8 | % |  | 120.0 |
Elementum Holdings, L.P. |  | 29.7 | % |  | 45.0 |  |  | 29.7 | % |  | 45.0 |
Other equity method eligible investments, at fair value |  | Under 50.0% |  | 106.5 |  |  | Under 50.0% |  | 109.3 |
Other equity method eligible investments, at fair value |  | 50.0% and over |  | 27.7 |  |  | 50.0% and over |  | 17.8 |
(1) Ownership interest generally references basic ownership interest with the exception of Kudu’s Participation Contracts, which are non-controlling equity interests in the form of revenue and earnings participation contracts. The following tables present summarized financial information for MediaAlpha as of June 30, 2022 and December 31, 2021 and for the three and six months ended June 30, 2022 and 2021:
Millions |  | June 30, 2022 |  | December 31, 2021 |  |
Balance sheet data: |  |  |  |  |  |
Total assets |  | $ | 285.9 |  |  | $ | 289.8 |  |  |
Total liabilities |  | $ | 345.4 |  |  | $ | 351.4 |  |  |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Millions |  | 2022 |  | 2021 |  | 2022 |  | 2021
Income statement data: |  |  |  |  |  |  |  |
Total revenues |  | $ | 103.4 |  |  | $ | 157.4 |  |  | $ | 246.0 |  |  | $ | 330.9 |
Total expenses |  | $ | 116.4 |  |  | $ | 157.8 |  |  | $ | 268.9 |  |  | $ | 331.1 |
Net income (loss) |  | $ | (13.0) |  |  | $ | (.4) |  |  | $ | (22.9) |  |  | $ | (.2) |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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