XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.23.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of debt outstanding | The following table presents White Mountains’s debt outstanding as of March 31, 2023 and December 31, 2022:
$ in Millions |  | March 31, 2023 |  | Effective Rate | (1) | December 31, 2022 |  | Effective Rate | (1)
HG Global Senior Notes |  | $ | 150.0 |  |  | 11.0% |  | $ | 150.0 |  |  | 8.9% |
Unamortized discount and issuance cost |  | (3.4) |  |  |  |  | (3.5) |  |  |  |
HG Global Senior Notes, carrying value |  | 146.6 |  |  |  |  | 146.5 |  |  |  |
Ark 2007 Subordinated Notes, carrying value |  | 30.0 |  |  |  |  | 30.0 |  |  |  |
Ark 2021 Subordinated Notes Tranche 1 |  | 42.0 |  |  |  |  | 41.3 |  |  |  |
Ark 2021 Subordinated Notes Tranche 2 |  | 47.0 |  |  |  |  | 47.0 |  |  |  |
Ark 2021 Subordinated Notes Tranche 3 |  | 70.0 |  |  |  |  | 70.0 |  |  |  |
Unamortized issuance cost |  | (4.5) |  |  |  |  | (4.6) |  |  |  |
Ark 2021 Subordinated Notes, carrying value |  | 154.5 |  |  |  |  | 153.7 |  |  |  |
Total Ark Subordinated Notes, carrying value |  | 184.5 |  |  | 10.3% |  | 183.7 |  |  | 7.6% |
Kudu Credit Facility |  | 198.3 |  |  | 8.7% |  | 215.2 |  |  | 6.1% |
Unamortized issuance cost |  | (6.7) |  |  |  |  | (6.9) |  |  |  |
Kudu Credit Facility, carrying value |  | 191.6 |  |  |  |  | 208.3 |  |  |  |
Other Operations debt |  | 34.3 |  |  | 8.5% |  | 37.4 |  |  | 6.6% |
Unamortized issuance cost |  | (.7) |  |  |  |  | (.7) |  |  |  |
Other Operations debt, carrying value |  | 33.6 |  |  |  |  | 36.7 |  |  |  |
Total debt |  | $ | 556.3 |  |  |  |  | $ | 575.2 |  |  |  |
(1) Effective rate includes the effect of the amortization of debt issuance costs and, where applicable, the original issue discount. The following table presents the change in debt under the Kudu Credit Facility for the three months ended March 31, 2023 and 2022:
|  |  |  | Three Months Ended March 31,
Millions |  |  |  |  |  | 2023 |  | 2022
Kudu Credit Facility |  |  |  |  |  |  |  |
Beginning balance |  |  |  |  |  | $ | 215.2 |  |  | $ | 225.4 |
Term loans |  |  |  |  |  |  |  |
Borrowings |  |  |  |  |  | — |  |  | — |
Repayments |  |  |  |  |  | (16.9) |  |  | — |
Ending balance |  |  |  |  |  | $ | 198.3 |  |  | $ | 225.4 |

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

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration