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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Earned insurance premiums $ 301.0 $ 227.8 $ 563.8 $ 430.6
Net investment income 43.0 25.1 82.0 45.7
Net realized and unrealized investment gains (losses) 88.7 (104.1) 201.6 (112.5)
Net realized and unrealized investment gains (losses) from investment in MediaAlpha (77.3) (113.5) 7.9 (94.7)
Commission revenues 3.2 2.6 6.5 5.5
Other revenues 19.8 38.8 48.5 62.5
Total revenues 378.4 76.7 910.3 337.1
Expenses:        
Loss and loss adjustment expenses 167.5 120.5 315.3 242.5
Acquisition expenses 62.9 55.0 125.4 107.9
Cost of sales 11.6 22.4 25.5 43.8
General and administrative expenses 102.6 101.2 198.6 171.1
Change in fair value of contingent consideration 2.2 0.1 (0.2) 2.2
Interest expense 14.2 10.1 29.2 17.0
Total expenses 361.0 309.3 693.8 584.5
Pre-tax income (loss) from continuing operations 17.4 (232.6) 216.5 (247.4)
Income tax (expense) benefit (0.2) 16.0 (12.1) 18.7
Net income (loss) from continuing operations 17.2 (216.6) 204.4 (228.7)
Net income (loss) from discontinued operations, net of tax 0.0 6.4 0.0 10.1
Net income (loss) 17.2 (210.2) 204.4 (218.6)
Net (income) loss attributable to noncontrolling interests 2.4 41.0 (5.3) 82.8
Net income (loss) attributable to White Mountains’s common shareholders 19.6 (169.2) 199.1 (135.8)
Financial Guarantee (HG Global/BAM)        
Revenues:        
Earned insurance premiums 7.7 10.5 15.4 18.9
Net investment income 7.6 4.8 14.8 9.4
Net realized and unrealized investment gains (losses) (9.9) (30.1) 7.1 (75.2)
Other revenues 0.5 1.6 1.3 2.4
Total revenues 5.9 (13.2) 38.6 (44.5)
Expenses:        
Acquisition expenses 1.5 4.8 4.2 7.8
General and administrative expenses 14.9 17.4 32.2 33.7
Interest expense 2.5 3.4 7.0 3.4
Total expenses 18.9 25.6 43.4 44.9
P&C Insurance and Reinsurance (Ark/WM Outrigger)        
Revenues:        
Earned insurance premiums 293.3 217.3 548.4 411.7
Net investment income 13.7 3.2 24.3 4.8
Net realized and unrealized investment gains (losses) 18.0 (44.6) 42.5 (62.1)
Other revenues (2.0) 6.3 (4.7) 3.5
Total revenues 323.0 182.2 610.5 357.9
Expenses:        
Loss and loss adjustment expenses 167.5 120.5 315.3 242.5
Acquisition expenses 61.4 50.2 121.2 100.1
General and administrative expenses 34.9 29.7 70.1 50.7
Change in fair value of contingent consideration 2.2 0.1 (0.2) 2.2
Interest expense 5.2 3.1 10.2 6.9
Total expenses 271.2 203.6 516.6 402.4
Asset Management (Kudu)        
Revenues:        
Earned insurance premiums 0.0 0.0 0.0 0.0
Net investment income 14.7 13.8 28.9 26.4
Net realized and unrealized investment gains (losses) 4.6 (17.6) 34.2 4.7
Net realized and unrealized investment gains (losses) from investment in MediaAlpha 0.0 0.0 0.0 0.0
Commission revenues 0.0 0.0 0.0 0.0
Other revenues 0.0 0.0 0.0 0.0
Total revenues 19.3 (3.8) 63.1 31.1
Expenses:        
Loss and loss adjustment expenses 0.0 0.0 0.0 0.0
Acquisition expenses 0.0 0.0 0.0 0.0
Cost of sales 0.0 0.0 0.0 0.0
General and administrative expenses 4.0 3.1 7.8 5.9
Change in fair value of contingent consideration 0.0 0.0 0.0 0.0
Interest expense 5.3 3.3 10.0 6.1
Total expenses 9.3 6.4 17.8 12.0
Pre-tax income (loss) from continuing operations 10.0 (10.2) 45.3 19.1
Other Operations        
Revenues:        
Earned insurance premiums 0.0 0.0 0.0 0.0
Net investment income 7.0 3.3 14.0 5.1
Net realized and unrealized investment gains (losses) 76.0 (11.8) 117.8 20.1
Net realized and unrealized investment gains (losses) from investment in MediaAlpha (77.3) (113.5) 7.9 (94.7)
Commission revenues 3.2 2.6 6.5 5.5
Other revenues 21.3 30.9 51.9 56.6
Total revenues 30.2 (88.5) 198.1 (7.4)
Expenses:        
Loss and loss adjustment expenses 0.0 0.0 0.0 0.0
Acquisition expenses 0.0 0.0 0.0 0.0
Cost of sales 11.6 22.4 25.5 43.8
General and administrative expenses 48.8 51.0 88.5 80.8
Change in fair value of contingent consideration 0.0 0.0 0.0 0.0
Interest expense 1.2 0.3 2.0 0.6
Total expenses 61.6 73.7 116.0 125.2
Pre-tax income (loss) from continuing operations $ (31.4) $ (162.2) $ 82.1 $ (132.6)