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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Computation of earnings per share | The following table presents the Company’s computation of earnings per share from continuing operations for the three months ended March 31, 2024 and 2023.
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2024 |  | 2023
Basic and diluted earnings per share numerators (in millions): |  |  |  |  |  |  |  |
Net income (loss) attributable to White Mountains’s common shareholders |  |  |  |  |  | $ | 236.4 |  |  | $ | 179.5 |
Allocation of (earnings) losses to participating restricted common shares (1) |  |  |  |  |  | (2.7) |  |  | (2.2) |
Basic and diluted earnings (losses) per share numerators |  |  |  |  |  | $ | 233.7 |  |  | $ | 177.3 |
Basic earnings per share denominators (in thousands): |  |  |  |  |  |  |  |
Total average common shares outstanding during the period |  |  |  |  |  | 2,559.7 |  |  | 2,569.9 |
Average unvested restricted common shares (2) |  |  |  |  |  | (28.6) |  |  | (31.1) |
Basic earnings (losses) per share denominator |  |  |  |  |  | 2,531.1 |  |  | 2,538.8 |
Diluted earnings per share denominator (in thousands): |  |  |  |  |  |  |  |
Total average common shares outstanding during the period |  |  |  |  |  | 2,559.7 |  |  | 2,569.9 |
Average unvested restricted common shares (2) |  |  |  |  |  | (28.6) |  |  | (31.1) |
Diluted earnings (losses) per share denominator |  |  |  |  |  | 2,531.1 |  |  | 2,538.8 |
Basic and diluted earnings per share (in dollars): |  |  |  |  |  |  |  |
Distributed earnings - dividends declared and paid |  |  |  |  |  | $ | 1.00 |  |  | $ | 1.00 |
Undistributed earnings (losses) |  |  |  |  |  | 91.33 |  |  | 68.83 |
Basic and diluted earnings (losses) per share |  |  |  |  |  | $ | 92.33 |  |  | $ | 69.83 |
(1) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities. (2) Restricted shares outstanding vest upon a stated date. See Note 12 — “Employee Share-Based Incentive Compensation Plans.”
Schedule of undistributed earnings | The following table presents the undistributed net earnings (losses) for the three months ended March 31, 2024 and 2023.
|  |  |  | Three Months Ended March 31,
Millions |  |  |  |  |  | 2024 |  | 2023
Undistributed net earnings: |  |  |  |  |  |  |  |
Net income (loss) attributable to White Mountains’s common shareholders, net of restricted common share amounts |  |  |  |  |  | $ | 233.7 |  |  | $ | 177.3 |
Dividends declared, net of restricted common share amounts (1) |  |  |  |  |  | (2.5) |  |  | (2.5) |
Total undistributed net earnings (losses), net of restricted common share amounts |  |  |  |  |  | $ | 231.2 |  |  | $ | 174.8 |
(1) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Schedule of Undistributed Earnings + References No definition available. + Details
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