WTM Stock Balance Sheets

White Mountains Insurance Group Quarterly Balance Sheets Chart

Quarterly

Annual

White Mountains Insurance Group Quarterly Balance Sheets Table

Quarterly

Annual

Unit: USD	2025-03-31	2024-12-31	2024-09-30	2024-03-31	2023-12-31	2023-09-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2003-12-31

assets
p&c insurance and reinsurance
fixed maturity investments, at fair value	1,582,100,000	1,565,100,000	1,461,200,000	946,900,000	1,012,300,000	932,200,000	924,800,000	909,900,000	874,400,000	884,400,000	873,800,000	934,100,000	857,000,000	859,500,000	831,800,000	821,700,000	794,500,000	762,900,000	737,600,000	677,700,000	622,100,000	1,490,000,000	1,566,900,000	4,175,400,000	4,250,200,000	4,131,500,000	4,362,800,000	2,613,200,000	2,639,700,000	2,602,200,000	4,874,500,000	4,771,900,000	4,785,500,000	5,008,000,000	4,988,700,000	5,030,500,000	4,914,000,000	4,931,900,000	4,854,400,000	4,912,400,000	5,248,700,000	5,411,300,000	6,221,900,000	5,287,700,000	5,558,900,000	6,417,000,000	6,379,900,000	6,085,400,000	5,568,600,000	5,828,300,000	6,101,200,000	5,936,200,000	5,929,800,000	5,630,500,000	6,160,100,000	6,846,400,000	6,842,600,000	7,436,700,000	7,524,900,000	7,179,900,000	7,911,500,000	7,089,200,000	7,303,600,000	7,265,500,000	7,582,700,000	7,594,200,000	7,760,400,000	6,248,100,000
common equity securities, at fair value	420,900,000	425,400,000	435,600,000	409,900,000	400,600,000	384,900,000	340,400,000	334,600,000	286,400,000	278,600,000	290,100,000	251,100,000	118,600,000		140,700,000	567,200,000	629,700,000	709,200,000	905,000,000	1,043,500,000	945,600,000	774,400,000	827,900,000	601,000,000	474,300,000	425,000,000	407,500,000	443,000,000	1,113,900,000	482,100,000	713,800,000	786,900,000	986,100,000	1,206,100,000	1,174,600,000	1,156,800,000	1,110,700,000	1,029,500,000	1,073,200,000	1,004,800,000	919,200,000	868,700,000	755,000,000	669,800,000	703,800,000	756,600,000	710,000,000	636,000,000	556,300,000	577,100,000	458,500,000	307,600,000	262,200,000	318,800,000	1,393,400,000	1,620,600,000	1,520,700,000	1,471,300,000	1,402,700,000	1,245,200,000	1,212,600,000	1,042,000,000	1,147,000,000	1,107,000,000	967,800,000	1,000,100,000	1,024,400,000	513,600,000
short-term investments, at fair value	625,200,000	601,400,000	579,100,000	835,300,000	70,600,000	80,100,000	65,900,000	65,900,000	62,300,000	55,300,000	36,500,000	32,400,000	45,300,000	60,400,000	56,100,000	54,700,000	57,100,000	34,800,000	31,800,000	35,900,000	88,000,000
other long-term investments	586,800,000	547,800,000	544,800,000	485,000,000	440,900,000	416,600,000	393,900,000	373,600,000	329,700,000	330,000,000	334,500,000	326,200,000	234,700,000	400,600,000	325,500,000	315,600,000	219,300,000	142,200,000	497,600,000	289,700,000	253,100,000	229,600,000	226,500,000	331,700,000	323,300,000	351,400,000	329,200,000	321,800,000	315,800,000	294,600,000	390,100,000	402,600,000	320,900,000	313,000,000	302,300,000	288,900,000	300,000,000	303,300,000	295,200,000	307,100,000	292,500,000	306,700,000	301,300,000	328,800,000	333,300,000	343,400,000	376,100,000	429,700,000	404,000,000	382,600,000	341,300,000	377,500,000	405,400,000	395,100,000
total investments	3,215,000,000	3,139,700,000	3,020,700,000	2,677,100,000	1,082,900,000	1,012,300,000	990,700,000	975,800,000	936,700,000	939,700,000	910,300,000	966,500,000	902,300,000	919,900,000	887,900,000	876,400,000	851,600,000	797,700,000	769,400,000	713,600,000	710,100,000	3,280,500,000	2,692,900,000	5,339,000,000	5,334,800,000	5,213,500,000	5,521,300,000	3,639,700,000	4,280,700,000	3,709,500,000	6,823,400,000	6,906,400,000	6,976,300,000	7,161,800,000	7,213,400,000	7,192,600,000	7,057,500,000	6,945,600,000	6,972,800,000	7,283,600,000	7,224,300,000	7,617,000,000	8,268,000,000	7,199,600,000	7,529,200,000	8,671,200,000	8,732,500,000	8,655,400,000	8,389,300,000	9,128,300,000	9,232,500,000	9,284,600,000	8,921,000,000	8,804,700,000	10,747,000,000	11,536,100,000	12,150,200,000	11,910,300,000	11,495,700,000	11,252,100,000	11,332,700,000	9,852,000,000	9,793,700,000	9,829,000,000	9,866,400,000	10,128,700,000	10,091,200,000	8,547,500,000
cash	160,500,000	141,200,000	148,800,000	129,100,000	6,700,000	4,900,000	4,800,000	18,200,000	17,300,000	21,600,000	22,300,000	19,800,000	18,900,000	42,800,000	49,900,000	32,000,000	11,300,000	10,300,000	10,400,000	17,900,000	9,400,000	48,600,000	53,300,000	125,000,000	149,800,000	244,700,000	135,000,000	178,800,000	179,300,000	200,000,000	354,200,000	335,800,000	543,500,000	331,000,000	338,600,000	382,800,000	411,000,000	348,300,000	411,500,000	549,200,000	811,600,000	605,400,000	705,400,000	557,700,000	483,700,000	452,500,000	434,800,000	401,200,000	348,800,000	345,000,000	366,000,000	258,100,000	405,200,000	448,800,000	220,800,000	198,300,000	229,600,000	185,600,000	172,900,000	186,300,000	159,000,000	210,300,000	191,600,000	183,100,000	187,700,000	205,400,000	204,000,000	89,900,000
reinsurance recoverables	920,400,000	589,000,000	748,000,000	695,000,000	442,000,000	538,400,000	570,600,000	536,100,000	550,900,000	398,700,000	412,700,000	448,400,000	449,000,000
insurance premiums receivable	1,272,600,000	768,600,000	993,000,000	1,001,500,000	5,500,000	5,500,000	6,300,000	6,600,000	6,600,000	6,900,000	6,900,000	6,900,000	6,900,000	6,900,000	7,200,000	7,300,000	6,700,000	6,600,000	6,500,000	6,300,000	5,200,000	4,500,000	2,800,000	227,500,000	229,900,000	264,600,000	240,400,000	234,300,000	223,300,000	273,300,000
deferred acquisition costs	279,700,000	165,200,000	199,700,000	213,300,000	40,100,000	38,500,000	36,900,000	36,000,000	34,900,000	33,900,000	33,100,000	33,100,000	28,700,000	27,800,000	26,100,000	25,000,000	21,400,000	20,500,000	19,600,000	17,600,000	15,900,000	14,100,000	13,000,000	110,400,000	106,900,000	109,600,000	113,900,000	109,800,000	107,600,000	110,800,000	198,100,000	192,000,000	204,400,000	191,200,000	190,000,000	174,700,000	188,200,000	180,600,000	190,400,000	211,300,000	200,000,000	198,800,000	187,000,000	202,900,000	194,100,000	233,500,000	210,800,000	241,700,000	241,900,000	298,300,000	303,800,000	329,200,000	329,400,000	327,700,000	350,400,000	338,400,000	325,900,000	358,600,000	351,600,000	338,600,000	320,300,000	333,500,000	324,900,000	312,200,000	288,400,000	308,300,000	313,000,000	233,600,000
goodwill and other intangible assets	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	292,500,000	736,800,000	730,300,000	728,600,000	630,600,000	636,800,000	488,700,000	431,000,000	50,800,000	37,800,000	49,500,000	53,000,000		59,300,000
other assets	184,800,000	202,800,000	175,800,000	140,900,000	36,800,000	22,200,000	21,600,000	21,900,000	22,300,000	19,700,000	18,400,000	18,500,000	14,800,000	15,400,000	15,000,000	14,600,000	16,400,000	16,100,000	17,100,000	5,100,000	5,100,000	46,100,000	62,800,000	254,300,000	274,600,000	226,300,000	239,400,000	286,900,000	318,700,000	307,700,000	322,700,000	323,600,000	466,700,000	520,100,000	537,700,000	458,100,000	397,300,000	483,300,000	416,500,000	626,500,000	673,000,000	580,900,000	681,900,000	760,200,000	679,300,000	744,400,000	779,400,000	694,900,000	705,000,000	648,500,000	691,500,000	767,500,000	791,400,000	760,100,000	735,300,000	726,600,000	605,000,000	593,100,000	640,800,000	628,800,000	645,100,000	555,500,000	554,400,000	540,100,000	526,500,000	506,600,000	574,800,000	682,200,000
total p&c insurance and reinsurance assets	6,325,500,000	5,299,000,000	5,578,500,000	5,149,400,000	4,378,600,000	4,414,200,000	4,238,400,000	3,486,200,000	3,606,700,000	3,615,400,000	3,435,200,000	3,027,000,000	2,840,200,000
financial guarantee
bam surplus notes, at fair value	389,200,000	381,700,000	411,100,000
total financial guarantee assets	1,203,100,000	1,179,400,000	1,201,900,000	1,158,600,000	1,172,000,000	1,083,400,000	1,060,300,000	1,058,500,000	1,017,800,000	1,021,800,000	991,000,000	1,044,800,000	976,800,000	1,017,800,000	991,300,000	960,500,000	912,900,000	864,500,000	834,500,000	765,500,000	750,100,000
asset management
accrued investment income	23,500,000	18,000,000	15,700,000	22,100,000	17,600,000	15,800,000	19,100,000	12,400,000	12,500,000	11,200,000	11,800,000	16,900,000	5,200,000	5,000,000	5,200,000	5,200,000	5,500,000	5,300,000	5,400,000	4,800,000	4,400,000	15,400,000	16,000,000	27,200,000	26,100,000	18,900,000	16,000,000	13,400,000	14,000,000	13,700,000	33,700,000	30,400,000	32,700,000	43,600,000	37,000,000	39,300,000	33,700,000	45,900,000	44,700,000	45,500,000	54,100,000	52,000,000	51,400,000	58,300,000	61,900,000	66,300,000	66,900,000	61,600,000	60,600,000	59,400,000	67,400,000	70,500,000	69,900,000	64,500,000	80,000,000	78,000,000	78,600,000	89,100,000	85,800,000	84,700,000	87,400,000
total asset management assets	1,223,300,000	1,108,400,000	1,094,100,000	953,100,000	959,400,000	835,900,000	768,000,000	825,900,000	920,700,000	881,400,000	747,500,000	727,100,000	457,700,000	430,200,000	351,900,000	339,300,000
p&c insurance distribution
premiums, commissions and fees receivable	67,400,000	70,000,000	72,700,000	43,300,000
total p&c insurance distribution assets	615,000,000	584,600,000	599,600,000	528,100,000
other operations
investment in mediaalpha, at fair value	165,000,000	201,600,000	323,400,000	465,600,000	254,900,000	188,800,000	253,800,000	168,600,000	148,200,000	166,900,000	280,400,000	261,600,000	600,200,000	802,200,000
total other operations assets	1,638,000,000	1,754,200,000	1,863,400,000	1,801,100,000	1,875,900,000	1,809,300,000	1,892,400,000	2,018,700,000	1,999,800,000	2,142,300,000	1,206,900,000	1,224,500,000	1,663,300,000	2,383,800,000	2,060,000,000	1,699,600,000	1,854,400,000	1,876,200,000	2,134,100,000
total assets	11,004,900,000	9,925,600,000	10,337,500,000	9,590,300,000	8,385,900,000	8,142,800,000	7,959,100,000	7,389,300,000	7,545,000,000	7,660,900,000	7,356,700,000	7,000,700,000	6,900,700,000	4,831,400,000	4,383,400,000	4,000,300,000	3,836,300,000	3,752,200,000	3,629,700,000	3,422,800,000	3,587,000,000	3,637,100,000	6,786,200,000	6,516,900,000	6,544,700,000	6,683,300,000	7,065,600,000	10,391,800,000	10,284,500,000	10,346,000,000	10,429,300,000	10,507,800,000	12,188,300,000	12,357,900,000	12,416,400,000	12,144,300,000	12,307,500,000	12,283,700,000	12,611,500,000	13,468,800,000	13,280,500,000	13,378,600,000	14,064,000,000	14,581,700,000	14,202,500,000	14,597,400,000	14,534,100,000	14,993,900,000	15,502,700,000	15,822,800,000	15,443,200,000	15,675,800,000	15,551,000,000	15,640,500,000	17,764,400,000	18,703,800,000	19,364,800,000	19,718,700,000	19,184,300,000	19,278,200,000	19,443,700,000	18,712,100,000	18,728,000,000	19,081,400,000	19,418,100,000	19,795,800,000	19,184,700,000	14,971,000,000
millions, except share and per share amounts		2,024,000,000			2,023,000,000			2,022,000,000				2,021,000,000		2,020,000,000
liabilities
loss and loss adjustment expense reserves	2,253,900,000	2,127,500,000	2,133,000,000	1,744,500,000	1,605,100,000	1,571,800,000	1,345,600,000	1,296,500,000	1,329,400,000	1,022,100,000	999,600,000	894,700,000	751,900,000											1,368,800,000	1,365,600,000	1,362,000,000	1,376,600,000	1,349,600,000	1,395,800,000	1,433,300,000	3,031,800,000	3,035,000,000	3,022,900,000	3,053,300,000	3,048,400,000	3,079,300,000	3,108,100,000	3,057,900,000	3,100,600,000	3,059,800,000	5,329,800,000	5,510,800,000	5,702,300,000	5,882,000,000	5,642,400,000	6,212,300,000	6,187,200,000	6,415,900,000	6,643,300,000	7,091,000,000	6,802,100,000	6,953,600,000	6,999,800,000	7,260,100,000	7,936,800,000	7,946,400,000	8,038,000,000	8,249,300,000	8,364,700,000	8,636,000,000	8,777,200,000	9,114,200,000	9,775,300,000	9,987,000,000	10,231,200,000	10,102,600,000	9,535,800,000	7,728,200,000
unearned insurance premiums	1,500,600,000	853,300,000	1,149,800,000	1,234,700,000	325,800,000	312,300,000	299,800,000	298,300,000	286,700,000	274,000,000	267,300,000	266,300,000	243,700,000	237,500,000	226,900,000	218,600,000	203,500,000	187,800,000	179,600,000	156,200,000	140,200,000	118,500,000	109,900,000	678,100,000	658,000,000	674,100,000	619,700,000	626,500,000	612,600,000	671,300,000
debt	156,100,000	154,500,000	156,800,000	155,400,000	146,900,000	146,800,000	146,600,000	146,500,000	146,400,000	146,300,000	184,800,000	185,900,000	44,100,000	272,600,000	270,200,000	268,400,000	219,400,000	219,700,000	184,500,000	149,300,000	21,500,000	9,400,000	10,600,000	284,700,000	285,900,000	288,500,000	289,800,000	532,600,000	442,400,000	383,300,000	748,500,000	749,800,000	678,100,000	677,500,000	677,600,000	676,400,000	676,300,000	676,300,000	676,200,000	676,600,000	677,600,000	677,200,000	671,200,000	669,000,000	669,000,000	818,800,000	818,800,000	818,700,000	851,700,000	1,026,100,000	1,050,700,000	1,050,500,000	1,271,400,000	1,349,200,000	1,367,100,000	1,520,600,000	1,666,000,000	1,192,800,000	1,183,600,000	1,183,600,000	1,106,700,000	794,200,000	838,200,000	779,100,000	779,100,000	775,200,000	777,600,000	743,000,000
reinsurance payable	385,800,000	149,500,000	230,200,000	262,500,000	81,100,000	146,300,000	193,000,000	251,100,000	312,700,000	418,800,000	348,900,000	424,100,000	487,500,000
contingent consideration	165,000,000	155,300,000	141,500,000	94,000,000	94,000,000	62,100,000	42,900,000	45,300,000	32,900,000	30,200,000	30,100,000	28,000,000
other liabilities	196,700,000	224,700,000	188,900,000	190,100,000	31,800,000	40,000,000	30,100,000	29,000,000	29,500,000	32,700,000	28,300,000	30,900,000	28,600,000	28,300,000	27,800,000	27,300,000	27,400,000	27,400,000	28,100,000	30,000,000	12,200,000	45,400,000	44,900,000	178,500,000	199,900,000	210,900,000	188,500,000	229,800,000	264,700,000	304,900,000	297,300,000	338,500,000	355,400,000	336,800,000	343,300,000	362,900,000	362,700,000	371,500,000	374,400,000	461,800,000	461,900,000	441,400,000	534,100,000	1,310,600,000	1,089,100,000	1,142,800,000	1,245,900,000	1,119,900,000	1,104,800,000	928,100,000	990,000,000	972,100,000	931,700,000	1,031,300,000	904,500,000	820,300,000	864,600,000	901,500,000	775,600,000	825,900,000	913,700,000	1,178,500,000	1,003,200,000	992,900,000	1,165,500,000	1,200,700,000	1,205,500,000	1,333,200,000
total p&c insurance and reinsurance liabilities	4,658,100,000	3,664,800,000	4,000,200,000	3,681,200,000	2,876,100,000	3,081,400,000	3,033,300,000	2,520,900,000	2,743,900,000	2,780,300,000	2,554,900,000	2,122,400,000	2,006,800,000
total financial guarantee liabilities	463,300,000	464,100,000	453,900,000	519,300,000	531,700,000	519,000,000	488,600,000	501,800,000	484,200,000	469,500,000	306,800,000	321,900,000	283,300,000	291,500,000	280,500,000	263,000,000	253,500,000	229,700,000	219,400,000	192,700,000	179,600,000
total asset management liabilities	330,600,000	316,700,000	294,400,000	265,600,000	275,400,000	257,300,000	246,400,000	273,300,000	313,200,000	298,600,000	260,500,000	261,000,000	111,300,000	96,300,000	81,200,000	77,300,000
premiums and commissions payable	86,200,000	88,100,000	93,700,000	61,700,000
total p&c insurance distribution liabilities	282,700,000	167,700,000	172,000,000	118,300,000
accrued incentive compensation	28,200,000	79,300,000	64,500,000	11,900,000	27,200,000	19,900,000	12,100,000	28,000,000	21,600,000	16,500,000	11,200,000	24,700,000	11,000,000	25,700,000	19,400,000	14,100,000	19,000,000	14,500,000	10,100,000	40,300,000	8,400,000	76,900,000	63,300,000	83,200,000	140,000,000	124,200,000	106,300,000	114,200,000	141,700,000	121,000,000	124,900,000	100,500,000	187,500,000	157,900,000	124,900,000	218,300,000	161,600,000	125,900,000	100,800,000	144,700,000	113,600,000	90,000,000	187,900,000	169,900,000	153,300,000	122,500,000	176,500,000	150,900,000	132,600,000	116,400,000	204,900,000	153,600,000
total other operations liabilities	130,500,000	181,300,000	157,200,000	115,300,000	141,100,000	120,900,000	98,000,000	158,300,000	137,400,000	620,500,000	71,200,000	95,400,000	83,300,000	133,900,000	236,100,000	95,800,000	105,800,000	85,700,000	80,500,000
total liabilities	5,865,200,000	4,794,600,000	5,077,700,000	4,699,700,000	3,824,300,000	3,978,600,000	3,866,300,000	3,454,300,000	3,678,700,000	4,168,900,000	3,687,400,000	3,296,000,000	2,964,800,000	1,013,500,000	1,074,200,000	937,000,000	765,400,000	744,300,000	651,400,000	583,200,000	291,200,000	299,900,000	3,022,100,000	2,759,300,000	2,807,500,000	2,881,900,000	2,966,200,000	6,154,500,000	5,916,500,000	6,139,700,000	5,970,800,000	5,968,000,000	7,689,500,000	7,749,300,000	7,888,500,000	7,746,900,000	8,020,300,000	8,093,300,000	8,329,500,000	9,090,400,000	8,946,000,000	9,069,100,000	9,396,100,000	10,562,600,000	9,986,700,000	10,388,300,000	10,273,300,000	10,722,300,000	11,342,300,000	11,567,900,000	11,101,700,000	11,428,100,000	11,699,600,000	12,158,200,000	13,024,000,000	13,357,800,000	13,931,100,000	14,097,300,000	13,721,400,000	14,106,500,000	14,385,200,000	14,593,400,000	14,863,700,000	15,209,200,000	15,584,900,000	15,913,000,000	15,092,900,000	11,991,800,000
equity
white mountains’s common shareholders’ equity
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,573,726 and 2,568,148 shares	2,600,000
paid-in surplus	564,500,000	563,800,000	560,700,000	551,900,000	548,700,000	544,900,000	535,200,000	536,000,000	532,700,000	600,300,000	583,300,000	585,900,000	594,800,000	592,100,000			590,000,000	587,300,000	582,600,000	576,300,000	671,500,000	665,600,000	810,500,000	802,500,000	806,100,000	805,200,000	868,100,000	933,500,000	972,600,000	992,300,000	1,025,200,000	1,032,700,000	1,030,900,000	1,047,700,000	1,046,700,000	1,044,900,000	1,040,400,000	1,036,200,000	1,031,100,000	1,095,600,000	1,102,200,000	1,099,500,000	1,253,700,000	1,262,700,000	1,313,500,000	1,312,600,000	1,350,800,000	1,370,800,000	1,397,600,000	1,423,500,000	1,436,100,000	1,431,600,000	1,427,300,000	1,422,800,000	1,676,700,000	1,691,100,000	1,690,600,000	1,723,900,000	1,721,100,000	1,716,600,000	1,716,700,000	1,715,900,000	1,715,600,000	1,715,200,000	1,716,400,000	1,718,500,000	1,719,500,000	1,399,600,000
retained earnings	3,943,000,000	3,919,000,000	4,048,300,000	3,917,700,000	3,690,800,000	3,404,300,000	3,367,300,000	3,211,800,000	3,175,900,000	2,725,100,000	2,956,200,000	2,957,500,000	3,226,700,000	3,311,200,000	2,822,100,000	2,589,300,000	2,611,500,000	2,562,800,000	2,542,300,000	2,407,300,000	2,765,000,000	2,800,800,000	2,835,200,000	2,821,800,000	2,797,200,000	2,846,700,000	3,006,600,000	2,959,600,000	3,084,900,000	2,888,300,000	3,069,200,000	3,080,800,000	2,961,500,000	2,965,800,000	2,880,800,000	2,802,300,000	2,684,400,000	2,627,200,000	2,601,400,000	2,577,400,000	2,576,300,000	2,553,700,000	2,789,700,000	2,004,000,000	2,102,000,000	2,094,200,000	2,175,600,000	2,125,900,000	2,108,700,000	2,148,200,000	2,215,900,000	2,116,200,000	1,956,600,000	1,776,300,000	2,495,400,000	2,802,200,000	2,837,600,000	2,737,300,000	2,647,500,000	2,566,700,000	2,496,000,000	2,218,200,000	2,077,700,000	1,983,400,000	1,899,800,000	1,888,000,000	1,975,900,000	1,286,400,000
accumulated other comprehensive income, after-tax:
net unrealized gains from foreign currency translation	-500,000	-1,700,000	-1,000,000	-1,800,000
total white mountains’s common shareholders’ equity	4,509,600,000	4,483,700,000	4,610,600,000	4,470,400,000	4,240,500,000	3,949,100,000	3,902,400,000	3,746,900,000	3,708,000,000	3,323,300,000	3,542,100,000	3,548,100,000	3,825,900,000	3,906,000,000	3,407,700,000	3,166,000,000	3,193,400,000	3,144,300,000	3,122,000,000	2,984,000,000	3,439,000,000	3,468,800,000	3,647,300,000	3,625,200,000	3,603,300,000	3,652,200,000	3,875,200,000	3,785,900,000	3,913,200,000	3,745,500,000	3,974,600,000	4,011,300,000	4,010,100,000	4,105,500,000	4,014,500,000
noncontrolling interests	630,100,000	647,300,000	649,200,000	420,200,000	321,100,000	215,100,000	190,400,000
total equity	5,139,700,000	5,131,000,000	5,259,800,000	4,890,600,000	4,561,600,000	4,164,200,000	4,092,800,000	3,935,000,000	3,866,300,000	3,492,000,000	3,669,300,000	3,704,700,000	3,935,900,000	3,817,900,000	3,309,200,000	3,063,300,000	3,070,900,000	3,007,900,000	2,978,300,000	2,839,600,000	3,295,800,000	3,337,200,000	3,764,100,000	3,757,600,000	3,737,200,000	3,801,400,000	4,099,400,000	4,237,300,000	4,368,000,000	4,206,300,000	4,458,500,000	4,539,800,000	4,498,800,000	4,608,600,000	4,527,900,000	4,397,400,000	4,287,200,000	4,190,400,000	4,282,000,000	4,378,400,000	4,334,500,000	4,309,500,000	4,667,900,000	4,019,100,000	4,215,800,000	4,209,100,000	4,260,800,000	4,271,600,000	4,160,400,000	4,254,900,000	4,341,500,000	4,247,700,000	3,851,400,000	3,482,300,000
total liabilities and equity	11,004,900,000	9,925,600,000	10,337,500,000	9,590,300,000	8,385,900,000	8,142,800,000	7,959,100,000	7,389,300,000	7,545,000,000	7,660,900,000	7,356,700,000	7,000,700,000	6,900,700,000	4,831,400,000	4,383,400,000	4,000,300,000	3,836,300,000	3,752,200,000	3,629,700,000	3,422,800,000	3,587,000,000	3,637,100,000	6,786,200,000	6,516,900,000	6,544,700,000	6,683,300,000	7,065,600,000	10,391,800,000	10,284,500,000	10,346,000,000	10,429,300,000	10,507,800,000	12,188,300,000	12,357,900,000	12,416,400,000	12,144,300,000	12,307,500,000	12,283,700,000	12,611,500,000	13,468,800,000	13,280,500,000	13,378,600,000	14,064,000,000	14,581,700,000	14,202,500,000	14,597,400,000	14,534,100,000	14,993,900,000	15,502,700,000	15,822,800,000	15,443,200,000	15,675,800,000	15,551,000,000	15,640,500,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,568,148 and 2,560,452 shares		2,600,000	2,600,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,565,733 and 2,560,452 shares				2,600,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,560,452 and 2,572,156 shares					2,600,000	2,600,000
net unrealized gains from foreign currency translation and interest rate swap					-1,600,000	-2,700,000	-2,700,000	-3,500,000	-3,200,000	-5,000,000	-400,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,564,484 and 2,572,156 shares							2,600,000
ceded unearned premiums								59,200,000	59,700,000	105,400,000	86,800,000	67,100,000	145,500,000																																						111,100,000	128,600,000	159,200,000	165,700,000	134,300,000	158,800,000	171,900,000	129,200,000	130,900,000	133,600,000	87,900,000	113,700,000	167,100,000	214,200,000	200,700,000	242,200,000	241,900,000	185,300,000
deferred acquisition costs and value of in-force business acquired								127,200,000	151,400,000	192,400,000	179,800,000	108,200,000
assets held for sale - nsm group										997,800,000
assets held for sale - other
liabilities held for sale - nsm group										504,400,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,572,156 and 3,017,772 shares								2,600,000
accumulated other comprehensive gain, after-tax:
non-controlling interests								188,100,000	158,300,000	168,700,000	127,200,000	156,600,000	110,000,000	-88,100,000	-98,500,000	-102,700,000	-122,500,000	-136,400,000	-143,700,000	-144,400,000	-143,200,000	-131,600,000	116,800,000	132,400,000	133,900,000	149,200,000	224,200,000	451,400,000	454,800,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,576,232 and 3,017,772 shares									2,600,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,942,877 and 3,017,772 shares										2,900,000
specialty insurance distribution
premiums and commissions receivable											97,600,000		77,000,000		67,700,000	76,700,000
total specialty insurance distribution assets											976,100,000	977,300,000	962,700,000	999,600,000	980,200,000	1,000,900,000	826,700,000	851,100,000	661,100,000	540,400,000
assets held for sale											15,900,000	16,100,000	700,000	2,300,000	700,000	3,000,000	2,800,000	2,800,000	3,300,000	3,300,000	3,300,000		3,696,400,000		10,100,000	27,000,000	384,600,000	5,215,500,000	4,407,000,000	4,528,100,000		58,000,000	1,699,200,000	1,750,700,000	1,803,100,000	1,880,100,000	1,957,200,000	2,047,000,000	2,155,200,000	2,388,200,000			132,600,000	1,399,500,000	1,213,900,000
premiums payable											146,000,000	135,900,000	116,000,000	113,400,000	116,900,000	139,700,000	92,600,000	118,700,000	93,400,000	56,600,000
total specialty insurance distribution liabilities											494,000,000	495,300,000	480,100,000	491,800,000	476,400,000	500,900,000	400,800,000	425,400,000	351,500,000	253,700,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 2,994,162 and 3,017,772 shares											3,000,000
premium and commission receivable												85,000,000		76,700,000			53,600,000	57,600,000	51,900,000	29,100,000
cash pre-funded/placed in escrow for ark transaction														646,300,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,017,772 and 3,102,011 shares												3,000,000
net unrealized foreign currency translation and interest rate swap gains												1,700,000	1,300,000
deferred acquisition cost													79,200,000
value of in-force business acquired													42,900,000
accounts receivable on unsettled investment sales													3,500,000				300,000	8,000,000	6,100,000	200,000		190,100,000	199,500,000	24,500,000	6,200,000	179,000,000	21,500,000	4,500,000	41,900,000	11,500,000	23,300,000	12,000,000	39,000,000	76,600,000	19,900,000	12,100,000	38,200,000	14,000,000	99,000,000	167,200,000	76,200,000	6,500,000	4,700,000	20,300,000	23,400,000	49,900,000	40,000,000	147,400,000	87,100,000	112,300,000	27,600,000	47,000,000	10,300,000	25,600,000	27,000,000	36,500,000	35,300,000	21,700,000	24,300,000	40,200,000	8,500,000	354,100,000	23,600,000	45,700,000	21,700,000	27,000,000	19,500,000	9,100,000
contingent consideration related to the ark transaction													22,500,000
accounts payable on unsettled investment purchases													61,600,000		6,400,000	3,000,000	3,600,000		1,600,000	6,500,000	18,800,000	49,700,000	114,600,000	17,300,000		30,000,000	69,900,000	6,900,000		46,000,000	57,700,000	92,600,000	76,000,000	28,200,000	80,900,000	20,500,000	28,100,000	55,700,000	25,700,000	47,700,000	44,500,000	103,500,000	34,600,000	57,100,000	44,900,000	99,000,000	22,400,000	110,000,000	51,800,000	37,100,000	9,100,000	60,200,000	64,400,000	23,500,000	17,400,000	72,800,000	106,300,000	85,400,000	32,000,000	19,700,000	66,800,000	303,500,000	63,700,000	165,700,000	43,400,000	162,800,000	95,700,000	371,600,000
contingent consideration earnout liabilities													7,900,000	14,600,000	11,800,000	11,700,000	28,700,000	30,900,000	27,500,000	20,100,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,107,267 and 3,102,011 shares and paid-in surplus													3,100,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,102,011 and 3,185,353 shares														3,100,000
accumulated other comprehensive loss, after-tax:
net unrealized losses from foreign currency translation and interest rate swap														-400,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,102,011 and 3,185,353 shares and paid-in surplus															592,100,000
net unrealized foreign currency translation and interest rate swap losses															-6,500,000	-10,300,000	-11,300,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,101,761 and 3,185,353 shares and paid-in surplus																587,000,000
global asset and wealth management
total global asset and wealth management assets																	242,300,000	160,400,000
marketing technology
accounts receivable from publishers and advertisers																				35,900,000	35,400,000
total marketing technology assets																				97,000,000	103,700,000
total global asset and wealth management liabilities																	5,300,000	3,500,000
amounts due to publishers and advertisers																				37,700,000	37,400,000
total marketing technology liabilities																				56,600,000	60,700,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,185,353 and 3,173,115 shares																	3,200,000	3,200,000
net unrealized foreign currency translation losses and interest rate swap																		-9,000,000	-6,100,000	-2,800,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,181,199 and 3,173,115 shares																			3,200,000
other																																																													600,000
total other assets																				2,019,900,000	2,733,200,000
total other liabilities																				80,200,000	50,900,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,180,540 and 3,750,171 shares																				3,200,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,753,405 and 3,750,171 shares																					3,800,000
net unrealized foreign currency translation losses																					-1,300,000	-1,300,000		-600,000	-1,400,000	-600,000	-700,000	-108,300,000	-145,600,000	-142,400,000	-123,700,000	-167,600,000																															9,300,000
short-term investments, at amortized cost																						786,500,000	71,600,000	230,900,000	287,000,000	305,600,000	421,800,000	261,700,000	211,300,000	325,000,000	840,500,000	929,200,000	834,900,000	564,000,000	674,000,000	635,900,000	648,000,000	606,800,000	654,400,000	917,300,000	618,400,000	877,500,000	846,000,000	772,800,000	813,500,000	998,200,000	1,106,300,000	1,348,300,000	1,663,700,000	2,102,200,000	2,098,400,000	2,336,600,000	2,023,300,000	2,148,400,000	2,256,600,000	1,988,000,000	2,372,200,000	1,614,800,000	1,152,900,000	1,473,600,000	1,344,900,000	1,222,800,000	873,500,000	949,700,000	727,800,000	1,027,300,000	773,100,000	1,546,600,000
liabilities held for sale																							2,678,800,000		5,100,000	7,800,000	150,600,000	3,121,100,000	2,884,000,000	3,032,800,000			1,699,200,000	1,750,700,000	1,803,100,000	1,880,100,000	1,957,200,000	2,047,000,000	2,155,200,000	2,388,200,000			107,600,000	909,400,000	779,900,000
white mountains’s common shares at 1 par value per share - authorized 50,000,000 shares;
issued and outstanding 3,749,971 and 4,563,814 shares																						3,700,000
accumulated other comprehensive loss, after tax:
accumulated other comprehensive income from net change in benefit plan assets and obligations																							-3,000,000
issued and outstanding 4,571,625 and 4,563,814 shares																							4,600,000
reinsurance recoverable on unpaid losses																								174,700,000	172,900,000	169,400,000	162,800,000	150,900,000	186,500,000	214,600,000	427,500,000	436,900,000	430,700,000	433,200,000	425,200,000	428,100,000	416,000,000	388,600,000	410,800,000	356,800,000	2,369,400,000	2,465,400,000	2,507,300,000	2,581,200,000	2,193,100,000	2,338,600,000	1,064,900,000	2,621,400,000	2,778,600,000	2,919,600,000	1,217,600,000	1,230,600,000	1,201,100,000	1,329,200,000	1,501,800,000	1,622,200,000	1,635,300,000	1,789,300,000	1,864,300,000	2,006,400,000	2,134,500,000	2,348,000,000	2,725,300,000	2,892,000,000	3,003,600,000	2,765,200,000	2,325,700,000	1,213,500,000
reinsurance recoverable on paid losses																								3,400,000	6,600,000	16,400,000	20,700,000	16,600,000	7,500,000	22,600,000	31,700,000	29,800,000	27,200,000	18,900,000	15,200,000	25,400,000	18,800,000	16,100,000	15,600,000	14,800,000	39,700,000	39,100,000	30,500,000	30,900,000	44,500,000	31,900,000	64,400,000	31,900,000	36,800,000	49,700,000	35,000,000	41,000,000	42,900,000	66,900,000	50,800,000	41,200,000	88,200,000	58,100,000	57,700,000	131,900,000	159,400,000	89,300,000	116,000,000	96,100,000	77,000,000	103,300,000	116,300,000	121,700,000
deferred tax asset																								125,500,000	126,700,000	119,500,000	122,200,000	133,600,000	112,800,000	133,900,000	440,200,000	417,900,000	439,100,000	462,800,000	484,900,000	512,100,000	555,500,000	540,500,000	539,100,000	555,000,000	504,600,000	524,700,000	536,900,000	431,700,000	407,400,000	480,600,000	499,700,000	483,500,000	567,300,000	551,100,000	564,000,000	512,600,000	567,500,000	658,100,000	484,900,000	324,100,000	253,500,000	238,700,000	222,400,000	242,600,000	276,000,000	288,900,000	324,200,000	317,700,000	341,200,000	338,300,000	310,900,000	260,000,000
ceded unearned insurance premiums																								52,400,000	44,200,000	35,100,000	34,500,000	36,300,000	29,500,000	41,400,000
funds held under insurance contracts																								148,700,000	153,000,000	156,200,000	140,900,000	134,900,000	137,800,000	100,300,000
issued and outstanding 4,572,792 and 4,563,814 shares																								4,600,000
pension liability																								-3,100,000
goodwill and intangible assets																									55,900,000		53,300,000	371,500,000	375,700,000	381,700,000	355,600,000	362,600,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 4,563,814 and 5,623,735 shares																									4,600,000
pension liability and other																									-3,200,000	-3,700,000	-3,800,000	-4,300,000	-4,300,000	-3,900,000	-4,100,000	-4,400,000	4,500,000	4,300,000	4,200,000	4,100,000	-11,000,000	-11,300,000	-11,500,000	-10,400,000	-9,100,000
ceded reinsurance payable																										28,200,000	23,900,000	31,800,000	30,500,000	46,800,000	189,600,000	151,800,000	134,000,000	159,200,000	157,900,000	71,900,000	153,600,000	156,900,000	175,700,000	138,600,000	175,600,000	194,000,000	134,600,000	188,300,000	160,600,000	224,800,000	221,000,000	293,300,000	268,800,000	227,300,000	92,000,000	152,100,000	158,600,000	162,600,000	100,400,000	88,400,000	124,600,000	124,000,000	125,400,000	141,000,000	138,400,000	135,600,000	166,900,000	173,700,000	204,500,000	219,100,000	202,600,000
issued and outstanding 4,578,698 and 5,623,735 shares																										4,600,000
issued and outstanding 4,963,921 and 5,623,735 shares																											5,000,000
deferred tax liability																												7,100,000	7,000,000		264,800,000	254,000,000	303,000,000	336,500,000	353,900,000	356,200,000	329,600,000	317,500,000	337,100,000	399,700,000	368,100,000	384,100,000	365,500,000	360,600,000	374,200,000	369,200,000	373,200,000	368,100,000	320,900,000	339,600,000	355,300,000	343,600,000	309,400,000	289,500,000	369,200,000	453,800,000	390,200,000	327,200,000	312,000,000	311,100,000	311,500,000	241,100,000	241,000,000	277,500,000	274,300,000	281,700,000	281,300,000
issued and outstanding 5,415,462 and 5,623,735 shares																												5,400,000
investments in unconsolidated affiliates																														392,600,000	397,200,000	450,800,000	413,500,000	419,100,000	373,300,000	321,400,000	331,700,000	331,900,000	383,600,000	376,300,000	337,500,000	294,900,000	275,300,000	458,600,000	422,900,000	394,900,000	389,700,000	440,000,000	410,000,000	365,800,000	344,800,000	356,100,000	209,000,000	99,700,000	195,000,000	289,000,000	362,300,000	404,400,000	381,000,000
white mountains’s common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 5,623,735 and 5,986,214 shares																													5,600,000
equity in net unrealized gains from investments in symetra common shares																																	19,100,000	29,000,000		-40,400,000
convertible fixed maturity and preferred investments, at fair value																														5,600,000	4,500,000	15,800,000
funds held by ceding entities																														4,600,000	137,400,000	99,600,000	123,900,000
issued and outstanding 5,745,002 and 5,986,214 shares																														5,700,000
accumulated other comprehensive income, after tax:
equity in net unrealized gains from investment in symetra common shares																														5,500,000	2,000,000	63,800,000
non-controlling interest - onebeacon ltd.																														246,900,000	255,000,000	258,800,000	275,600,000	280,600,000	279,200,000		263,300,000	258,400,000	263,500,000
non-controlling interest - sig preference shares																														250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000		250,000,000	250,000,000	250,000,000
non-controlling interest - mutuals and reciprocals																														-149,400,000	-146,200,000	-140,500,000
non-controlling interest - other																														113,300,000	125,100,000	160,200,000	59,400,000	61,500,000	68,500,000		48,000,000	47,900,000	46,800,000
total non-controlling interests																														460,800,000	483,900,000	528,500,000	488,700,000	503,100,000	513,400,000	491,900,000	497,200,000	501,200,000	523,100,000
insurance and reinsurance premiums receivable																															711,900,000	706,900,000	677,800,000	717,900,000	734,800,000	518,900,000	684,900,000	706,700,000	717,600,000	678,100,000	747,000,000	737,300,000	489,200,000	644,800,000	672,000,000	838,200,000	635,400,000	842,200,000	861,400,000	1,004,500,000	785,500,000	922,700,000	986,500,000	982,600,000	929,000,000	953,300,000	976,200,000	971,100,000	1,007,300,000	1,007,400,000	913,600,000	1,002,300,000	1,062,400,000	1,099,200,000	1,014,300,000	1,039,700,000	981,900,000	779,000,000
ceded unearned insurance and reinsurance premiums																															172,400,000	145,100,000	114,300,000	142,000,000	149,500,000	92,400,000	116,400,000	137,000,000	144,100,000	113,600,000	135,200,000	145,500,000	87,300,000	104,400,000	141,300,000	188,800,000	184,700,000	252,300,000	249,300,000	236,400,000
unearned insurance and reinsurance premiums																															1,110,800,000	1,102,500,000	1,089,500,000	1,093,400,000	1,116,600,000	901,400,000	1,010,300,000	1,015,000,000	1,064,900,000	1,067,100,000	1,065,400,000	1,074,400,000	846,900,000	976,400,000	1,033,800,000	1,314,400,000	1,140,300,000	1,361,600,000	1,385,700,000	1,698,600,000	1,498,500,000	1,655,400,000	1,704,400,000	1,732,300,000	1,743,600,000	1,760,300,000	1,753,800,000	1,743,200,000	1,735,700,000	1,746,600,000	1,584,900,000	1,714,900,000	1,730,700,000	1,742,400,000	1,582,000,000	1,717,900,000	1,759,000,000	1,409,400,000
funds held under insurance and reinsurance contracts																															145,400,000	143,300,000	132,200,000	124,000,000	127,800,000	127,100,000
issued and outstanding 5,960,542 and 5,986,214 shares																															6,000,000
issued and outstanding 5,991,584 and 5,986,214 shares																																6,000,000
convertible fixed maturity investments, at fair value																																	48,900,000	70,700,000	73,800,000	80,500,000	84,800,000	74,100,000	95,600,000	142,000,000	145,500,000	152,800,000	143,800,000	140,500,000	119,700,000	156,000,000	160,200,000	156,000,000	196,700,000	238,100,000	233,100,000	326,700,000	300,300,000	265,000,000	353,000,000	414,600,000	463,000,000	529,500,000	544,700,000	485,800,000
variable annuity benefit guarantee																																	11,700,000	31,800,000	54,100,000	52,800,000	143,700,000	194,100,000	251,600,000	672,400,000	661,800,000	548,500,000	768,500,000
issued and outstanding 6,028,251 and 6,176,739 shares																																	6,000,000
net unrealized foreign currency translation gains																																	-11,900,000	52,500,000	80,500,000	88,400,000	93,500,000	47,200,000	82,000,000	80,800,000	39,500,000	69,400,000	46,100,000	35,700,000	117,600,000	123,200,000	61,400,000	57,400,000			11,500,000	29,700,000			28,700,000	162,300,000	170,000,000	79,100,000	52,800,000	35,900,000	37,200,000	11,500,000
non-controlling interest - hg global																																	18,000,000	18,200,000	18,400,000		16,600,000	16,600,000	16,600,000
non-controlling interest - bam																																	-114,300,000	-107,200,000	-102,700,000		-80,700,000	-71,700,000	-53,800,000
funds held by ceding companies																																		89,000,000	93,800,000	106,300,000	101,100,000	98,200,000	110,600,000	102,700,000	107,900,000	111,100,000	106,500,000	131,600,000	135,800,000	106,600,000	118,700,000	120,400,000	111,000,000	103,900,000	123,100,000	123,800,000	141,400,000	145,600,000	203,300,000	221,000,000	231,700,000	352,300,000	366,700,000	438,200,000	452,800,000	467,500,000	554,700,000	566,100,000	620,400,000	707,600,000	735,300,000
issued and outstanding 6,150,515 and 6,176,739 shares																																		6,200,000
issued and outstanding 6,174,386 and 6,176,739 shares																																			6,200,000
equity in net unrealized losses from investments in symetra common shares																																			-3,900,000
white mountains’ common shareholders’ equity
white mountains’ common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 6,176,739 and 6,290,964 shares																																				6,200,000
total white mountains’ common shareholders’ equity																																				3,905,500,000	3,790,000,000	3,689,200,000	3,758,900,000	3,809,300,000	3,742,500,000	3,718,800,000	4,087,700,000	3,444,700,000	3,620,500,000	3,595,200,000	3,653,000,000	3,667,800,000	3,513,600,000	3,598,300,000	3,657,400,000	3,577,300,000
non-controlling interest — onebeacon ltd.																																				273,700,000
non-controlling interest — sig preference shares																																				250,000,000
non-controlling interest — hg global																																				16,600,000
non-controlling interest — bam																																				-97,600,000
non-controlling interest — consolidated limited partnerships and a.w.g. dewar																																				49,200,000
funds held under reinsurance treaties																																					89,100,000	75,500,000	67,300,000	33,800,000	47,700,000	45,200,000	42,900,000	39,300,000	39,500,000	84,500,000	88,000,000	83,900,000	80,400,000	103,700,000	97,400,000	85,300,000	55,900,000	76,600,000	75,100,000	76,000,000	98,700,000	99,500,000	110,400,000	126,400,000	141,600,000	119,600,000	130,100,000	131,500,000	171,400,000	169,900,000	170,400,000	211,900,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares;
issued and outstanding 6,176,739 and 6,290,964 shares																																					6,200,000
equity in net unrealized gains from investments in unconsolidated affiliates																																					-23,500,000	-16,300,000	49,700,000	59,300,000	27,000,000
issued and outstanding 6,176,489 and 6,290,964 shares																																						6,200,000
issued and outstanding 6,176,210 and 6,290,964 shares																																							6,200,000
issued and outstanding 6,583,653 and 7,577,855 shares																																								6,600,000
noncontrolling interest - onebeacon ltd.																																								259,700,000	280,400,000	281,900,000		269,800,000	282,600,000	300,300,000		292,600,000	337,900,000	346,300,000		337,400,000	315,500,000	287,000,000
noncontrolling interest - sig preference shares																																								250,000,000	250,000,000	250,000,000
noncontrolling interest - hg global																																								16,600,000
noncontrolling interest - bam																																								-18,000,000
noncontrolling interest - other																																								60,800,000	61,600,000	58,800,000
total noncontrolling interests																																								569,100,000	592,000,000	590,700,000	580,200,000	574,400,000	595,300,000	613,900,000	607,800,000	603,800,000	646,800,000	656,600,000	684,100,000	670,400,000	647,300,000	616,100,000
issued and outstanding 6,630,318 and 7,577,855 shares																																									6,600,000
issued and outstanding 6,638,873 and 7,577,855 shares																																										6,600,000
equity in net unrealized losses from investments in unconsolidated affiliates
white mountains’ common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 7,577,855 and 8,194,925 shares																																											7,600,000
equity in unrealized gains from investments in unconsolidated affiliates																																												135,700,000	80,600,000	58,500,000	58,500,000	111,400,000	74,300,000	23,800,000		5,600,000
noncontrolling interest—onebeacon, ltd.																																											273,100,000				295,000,000				351,000,000
noncontrolling interest—sig preference shares																																											250,000,000
noncontrolling interest—consolidated limited partnerships and a.w.g dewar																																											57,100,000				62,800,000				83,100,000
shareholders’ equity and noncontrolling interests
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 7,630,717 and 8,194,925 shares																																												7,600,000
noncontrolling interest - sirius group preference shares																																												250,000,000
noncontrolling interest - consolidated limited partnerships and a.w.g dewar																																												54,600,000	62,700,000	63,600,000		61,200,000	58,900,000	60,300,000		83,000,000	81,800,000	79,100,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 7,958,589 and 8,194,925 shares																																													8,000,000
noncontrolling interest - wmre preference shares																																													250,000,000	250,000,000		250,000,000	250,000,000	250,000,000		250,000,000	250,000,000	250,000,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 7,975,452 and 8,194,925 shares																																														8,000,000
reinsurance recoverable on unpaid losses—berkshire hathaway inc.																																															1,312,200,000				1,573,300,000
white mountains’ common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 8,194,925 and 8,860,150 shares																																															8,200,000
noncontrolling interest—wmre preference shares																																															250,000,000				250,000,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 8,343,050 and 8,860,150 shares																																																8,300,000
assets held for sale - onebeacon personal lines transaction																																																	655,600,000
liabilities held for sale - onebeacon personal lines transaction																																																	502,300,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 8,532,442 and 8,860,150 shares																																																	8,500,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 8,775,632 and 8,860,150 shares																																																		8,800,000
securities lending collateral																																																					92,300,000		341,200,000	474,900,000	481,100,000	824,600,000	554,000,000	563,800,000	649,800,000	583,800,000	453,100,000	496,200,000	674,900,000	786,900,000	564,600,000
securities lending payable																																																			1,700,000	1,700,000	96,400,000		349,600,000	476,300,000	481,100,000	824,600,000	554,000,000	563,800,000	649,800,000	583,800,000	453,100,000	496,200,000	674,900,000	786,900,000	564,600,000
white mountains’ common shares at 1 par value per share—authorized 50,000,000 shares; issued and outstanding 8,860,150 and 8,808,843 shares																																																			8,900,000
reinsurance recoverable on unpaid losses - berkshire hathaway inc.																																																				1,603,500,000	1,623,900,000	1,655,500,000	1,763,600,000	1,705,400,000	1,740,000,000	1,792,600,000	1,828,900,000	1,867,300,000	1,881,200,000	1,902,300,000		1,968,000,000	2,022,100,000	2,058,800,000	2,077,800,000	2,260,300,000
white mountains’ common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 8,857,586 and 8,808,843 shares																																																				8,900,000
incentive compensation payable																																																					107,600,000	71,700,000	160,300,000	142,900,000	118,900,000
white mountains’ shareholders’ equity
white mountains common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 8,857,586 and 8,808,843 shares																																																					8,900,000
equity in unrealized losses from investments in unconsolidated affiliates
total white mountains shareholders’ equity																																																					3,204,100,000	2,866,200,000
securities lending investment assets - onebeacon																																																						46,900,000
securities lending collateral - onebeacon
securities lending collateral - wmre america																																																						105,800,000
securities lending payable - onebeacon																																																						48,600,000
securities lending payable - wmre america																																																						112,800,000
white mountains common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 8,854,086 and 8,808,843 shares																																																						8,900,000
other investments																																																							583,900,000	666,500,000	642,500,000	549,300,000	558,500,000	532,200,000	524,800,000	498,000,000	469,600,000	506,800,000	588,100,000	507,100,000	533,300,000	239,200,000
trust account investments, at amortized cost																																																									309,200,000	308,700,000	312,000,000	335,400,000	338,900,000
preferred stock subject to mandatory redemption:
held by berkshire hathaway inc.																																																									288,900,000	268,500,000	259,200,000	250,500,000	242,300,000	234,500,000	227,300,000	220,400,000	214,000,000	207,900,000	202,200,000	174,500,000
minority interest - onebeacon ltd.																																																							337,100,000
minority interest - wmre group preference shares																																																							250,000,000	250,000,000	250,000,000	250,000,000
minority interest - consolidated limited partnerships																																																							91,400,000	98,700,000	97,100,000	102,500,000	111,600,000	113,000,000
total minority interest																																																							678,500,000	748,700,000	754,500,000	888,800,000	887,600,000	628,800,000	603,200,000
common shareholders’ equity
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,441,964 and 10,553,572 shares																																																							10,400,000
net unrealized gains on investments																																																										184,300,000	144,000,000	214,700,000	194,000,000	165,700,000	53,100,000	167,600,000	233,900,000	288,800,000	411,200,000
total common shareholders’ equity																																																							4,061,900,000	4,597,300,000	4,679,200,000	4,732,600,000	4,575,300,000	4,542,900,000	4,455,300,000	4,118,700,000	3,864,300,000	3,872,200,000	3,833,200,000	3,882,800,000	4,091,800,000	2,979,200,000
total liabilities, minority interest and common shareholders’ equity																																																							17,764,400,000	18,703,800,000	19,364,800,000	19,718,700,000	19,184,300,000	19,278,200,000	19,443,700,000
minority interest - onebeacon, ltd.																																																								400,000,000	407,400,000	536,300,000
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,552,376 and 10,553,572 shares																																																								10,600,000
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,570,234 and 10,553,572 shares																																																									10,600,000
long-term incentive compensation payable																																																										202,500,000	181,500,000	139,300,000	285,200,000
reserves for structured contracts																																																										78,800,000	87,300,000	142,600,000	147,100,000	153,500,000	214,200,000	222,800,000	224,600,000	268,300,000	278,200,000
held by others																																																												20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,842,613 and 10,782,753 shares																																																										10,800,000
minority interest - onebeacon insurance group, ltd.																																																											526,000,000	515,800,000
minority interest - white mountains re group, ltd. preference shares																																																											250,000,000
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,842,538 and 10,782,753 shares																																																											10,800,000
investments in unconsolidated insurance affiliates																																																												356,300,000	335,500,000	529,100,000	412,000,000	437,500,000	479,700,000	486,800,000	531,200,000	515,900,000
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,833,788 and 10,782,753 shares																																																												10,800,000
minority interest- onebeacon insurance group, ltd.																																																													490,700,000
minority interest- consolidated limited partnerships																																																													112,500,000
common shares at 1 par value per share — authorized 50,000,000 shares; issued and outstanding 10,782,753 and 10,779,223 shares																																																													10,800,000
unearned compensation - restricted common share awards
investment income accrued																																																														81,800,000	89,400,000	84,300,000	93,500,000	91,000,000	96,600,000	73,000,000
common shares at 1 par value per share—authorized 50,000,000 shares;issued and outstanding 10,780,053 and 10,779,223 shares																																																														10,800,000
minimum pension liability and other
total liabilities and common shareholders’ equity																																																														18,712,100,000	18,728,000,000	19,081,400,000	19,418,100,000	19,795,800,000	19,184,700,000
reinsurance recoverable on unpaid losses — berkshire hathaway inc.																																																															1,935,600,000
common shares at 1 par value per share — authorized 50,000,000 share issued and outstanding 10,780,053 and 10,779,223 shares																																																															10,800,000
accumulated other comprehensive income, after-tax
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,780,053 and 10,779,223 shares																																																																10,800,000
common shares at 1 par value per share authorized 50,000,000 shares; issued and outstanding 10,779,223 and 10,772,789 shares																																																																	10,800,000
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,773,723 and 10,772,789 shares																																																																		10,800,000
minimum pension liability
common shares at 1 par value per share - authorized 50,000,000 shares; issued and outstanding 10,774,273 and 10,772,789 shares																																																																			10,800,000
convertible preference shares
minority interest - mandatorily redeemable preferred stock of subsidiaries
common shares at 1 par per share– authorized 50,000,000 shares; issued and outstanding 9,007,195 and 8,351,387 shares																																																																				9,000,000
unrealized gains on investments																																																																				286,000,000
unrealized foreign currency translation losses
total liabilities, convertible preference shares, minority interest and common shareholders’ equity																																																																				14,971,000,000

We provide you with 20 years of balance sheets for White Mountains Insurance Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of White Mountains Insurance Group. Explore the full financial landscape of White Mountains Insurance Group stock with our expertly curated balance sheets.

The information provided in this report about White Mountains Insurance Group stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.