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Held for Sale and Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations
The following table summarizes the results of operations, including related income taxes associated with the businesses classified as discontinued operations for the three and nine months ended September 30, 2022:
Millions
Three Months Ended September 30, 2022 (1)
Nine Months Ended September 30, 2022 (1)
Revenues
Commission revenues$26.6 $176.9 
Other revenues7.0 48.1 
Total revenues33.6 225.0 
Expenses
General and administrative expenses15.7 126.8 
Broker commission expenses8.2 52.9 
Change in fair value of contingent consideration— .1 
Amortization of other intangible assets— 9.1 
Interest expense1.6 12.1 
Total expenses25.5 201.0 
Pre-tax income (loss) from discontinued operations8.1 24.0 
Income tax (expense) benefit(1.8)(7.6)
Net income (loss) from discontinued operations, net of tax - NSM Group6.3 16.4 
Net gain (loss) from sale of discontinued operations, net of tax - NSM Group886.8 886.8 
Total income (loss) from discontinued operations, net of tax893.1 903.2 
Net (income) loss from discontinued operations attributable to noncontrolling
   interests		(.2)(.8)
Total income (loss) from discontinued operations attributable to White
   Mountains’s common shareholders		892.9 902.4 
Other comprehensive income (loss) from discontinued operations, net of tax -
   NSM Group		.7 (5.2)
Net gain (loss) from foreign currency translation from sale of discontinued
   operations, net of tax - NSM Group		2.9 2.9 
Comprehensive income (loss) from discontinued operations896.5 900.1 
Other comprehensive (income) loss from discontinued operations attributable to
   noncontrolling interests		(.1).2 
Comprehensive income (loss) from discontinued operations attributable to
   White Mountains’s common shareholders		$896.4 $900.3 
(1) As a result of the NSM Transaction, the results of operations for NSM Group are presented for the periods from July 1, 2022 to August 1, 2022 and January 1, 2022 to August 1, 2022.

Net Change in Cash from Discontinued Operations
The following table summarizes the net change in cash associated with the businesses classified as discontinued operations for the six months ended September 30, 2022:
MillionsNine Months Ended September 30, 2022
Net cash provided from (used for) operations$38.7 
Net cash provided from (used for) investing activities7.1 
Net cash used from (used for) financing activities(17.5)
Effect of exchange rate changes on cash4.0 
Net change in cash during the period32.3 
Cash balances at beginning of period (includes restricted cash of $89.2)
111.6 
Cash sold as part of the sale of NSM Group (143.9)
Cash balances at end of period
$— 
Supplemental cash flows information:
Interest paid$(12.0)
Net income tax payments$— 
Computation of earnings per share
The following table presents the Company’s computation of earnings per share from continuing operations for the three and nine months ended September 30, 2023 and 2022. See Note 19 — “Held for Sale and Discontinued Operations.”
Three Months Ended September 30,Nine Months Ended September 30,
 2023202220232022
Basic and diluted earnings per share numerators (in millions): 
Net income (loss) attributable to White Mountains’s common
   shareholders		$23.6 $888.2 $222.7 $752.4 
Less: total income (loss) from discontinued operations,
  net of tax (1)
— 893.1 — 903.2 
Less: net (income) loss from discontinued operations
  attributable to noncontrolling interests		— (.1)— (.7)
Net income (loss) from continuing operations attributable to
   White Mountains’s common shareholders		23.6 (4.8)222.7 (150.1)
Allocation of (earnings) losses to participating restricted
   common shares (2)
(.3).1 (3.1)1.8 
Basic and diluted earnings (losses) per share numerators $23.3 $(4.7)$219.6 $(148.3)
Basic earnings per share denominators (in thousands):
Total average common shares outstanding during the period2,560.5 2,893.8 2,564.2 2,959.3 
Average unvested restricted common shares (3)
(37.6)(38.3)(35.5)(35.5)
Basic earnings (losses) per share denominator2,522.9 2,855.5 2,528.7 2,923.8 
Diluted earnings per share denominator (in thousands):
Total average common shares outstanding during the period2,560.5 2,893.8 2,564.2 2,959.3 
Average unvested restricted common shares (3)
(37.6)(38.3)(35.5)(35.5)
Diluted earnings (losses) per share denominator2,522.9 2,855.5 2,528.7 2,923.8 
Basic and diluted earnings per share (in dollars) - continuing
  operations:
Distributed earnings - dividends declared and paid$— $— $1.00 $1.00 
Undistributed earnings (losses)9.19 (1.66)85.82 (51.73)
Basic and diluted earnings (losses) per share $9.19 $(1.66)$86.82 $(50.73)
(1) Includes net income (loss) from discontinued operations, net of tax - NSM Group, net gain (loss) from sale of discontinued operations, net of tax - NSM Group and net (income) loss from discontinued operations attributable to non-controlling interests. See Note 19 — “Held for Sale and Discontinued Operations.”
(2) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities.
(3) Restricted shares outstanding vest upon a stated date. See Note 12 — “Employee Share-Based Incentive Compensation Plans.”
The following table presents the Company’s computation of earnings per share for discontinued operations for the three and nine months ended September 30, 2022:
Three Months Ended September 30, 2022Nine Months Ended September 30, 2022
Basic and diluted earnings per share numerators (in millions):
Net income (loss) attributable to White Mountains’s common shareholders$888.2 $752.4 
Less: net income (loss) from continuing operations(23.6)(252.3)
Less: net (income) loss from continuing operations attributable to noncontrolling
   interests		18.8 102.2 
Total income (loss) from discontinued operations attributable to White Mountains’s
   common shareholders (1)
893.0 902.5 
Allocation of earnings to participating restricted common shares (2)
(11.8)(10.8)
Basic and diluted earnings per share numerators (3)
$881.2 $891.7 
Basic earnings per share denominators (in thousands): 
Total average common shares outstanding during the period2,893.8 2,959.3 
Average unvested restricted common shares (4)
(38.3)(35.5)
Basic earnings per share denominator2,855.5 2,923.8 
Diluted earnings per share denominator (in thousands): 
Total average common shares outstanding during the period2,893.8 2,959.3 
Average unvested restricted common shares (4)
(38.3)(35.5)
Diluted earnings per share denominator 2,855.5 2,923.8 
Basic and diluted earnings (losses) per share (in dollars) - discontinued operations$308.59 $304.97 
(1) Includes net income (loss) from discontinued operations, net of tax - NSM Group, net gain (loss) from sale of discontinued operations, net of tax - NSM Group and net (income) loss from discontinued operations attributable to non-controlling interests.
(2) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities.
(3) Net earnings attributable to White Mountains’s common shareholders, net of restricted share amounts, is equal to undistributed earnings for the three and nine months ended September 30, 2022.
(4) Restricted shares outstanding vest upon a stated date. See Note 12 — “Employee Share-Based Incentive Compensation Plans.”