2020 Q1 Form 10-Q Financial Statement
#000077686720000016 Filed on May 08, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
Revenue | -$59.20M | $175.3M | $433.6M |
YoY Change | -113.65% | 2821.67% | 929.93% |
Cost Of Revenue | $2.000M | ||
YoY Change | |||
Gross Profit | -$61.20M | ||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $94.60M | $109.3M | $138.8M |
YoY Change | -31.84% | -21.48% | 34.63% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $7.100M | $9.300M | $8.300M |
YoY Change | -14.46% | 57.63% | 72.92% |
% of Gross Profit | |||
Operating Expenses | $101.4M | $117.4M | $146.7M |
YoY Change | -30.88% | -19.92% | 36.47% |
Operating Profit | -$162.6M | ||
YoY Change | |||
Interest Expense | -$5.400M | -$1.400M | -$5.200M |
YoY Change | 3.85% | -60.0% | 766.67% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$166.0M | $56.50M | $281.7M |
YoY Change | -158.93% | -139.21% | -526.82% |
Income Tax | -$25.50M | $10.40M | $10.20M |
% Of Pretax Income | 18.41% | 3.62% | |
Net Earnings | -$128.8M | $60.90M | $272.2M |
YoY Change | -147.32% | -144.29% | -508.71% |
Net Earnings / Revenue | 34.74% | 62.78% | |
Basic Earnings Per Share | -$40.54 | $19.12 | $89.64 |
Diluted Earnings Per Share | -$40.54 | $19.12 | $89.64 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.144M shares | 3.185M shares | 3.140M shares |
Diluted Shares Outstanding | 3.144M shares | 3.140M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $136.4M | $161.0M | $132.2M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $58.00M | ||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $23.00M | $23.00M | $22.00M |
YoY Change | 4.55% | ||
Goodwill | $392.4M | $394.7M | $349.7M |
YoY Change | 12.21% | 3.9% | 1250.19% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $2.679B | $2.947B | $2.804B |
YoY Change | -4.46% | 15.89% | -14.93% |
Other Assets | $3.000M | $3.000M | $3.000M |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Assets | $3.682B | ||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $58.00M | ||
Total Long-Term Assets | $3.682B | ||
Total Assets | $3.740B | $3.983B | $3.630B |
YoY Change | 3.03% | 18.46% | 1.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $45.00M | $100.0M | $58.00M |
YoY Change | -22.41% | 156.41% | 75.76% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $46.00M | $100.0M | $64.00M |
YoY Change | -28.13% | 36.99% | -40.19% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $295.0M | $284.0M | $195.0M |
YoY Change | 51.28% | 47.15% | 786.36% |
Other Long-Term Liabilities | $127.0M | $155.0M | $119.0M |
YoY Change | 6.72% | 24.0% | 417.39% |
Total Long-Term Liabilities | $422.0M | $439.0M | $314.0M |
YoY Change | 34.39% | 38.05% | 597.78% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $46.00M | $100.0M | $64.00M |
Total Long-Term Liabilities | $422.0M | $439.0M | $314.0M |
Total Liabilities | $780.6M | $838.5M | $651.4M |
YoY Change | 19.83% | 30.12% | 123.7% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $2.498B | $2.672B | $2.542B |
YoY Change | -1.74% | 17.99% | -8.05% |
Common Stock | $589.3M | $596.3M | $585.8M |
YoY Change | 0.6% | 2.11% | -13.25% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.077B | $3.262B | $3.122B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.740B | $3.983B | $3.630B |
YoY Change | 3.03% | 18.46% | 1.19% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q4 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$128.8M | $60.90M | $272.2M |
YoY Change | -147.32% | -144.29% | -508.71% |
Depreciation, Depletion And Amortization | $7.100M | $9.300M | $8.300M |
YoY Change | -14.46% | 57.63% | 72.92% |
Cash From Operating Activities | -$59.80M | -$48.00M | -$41.10M |
YoY Change | 45.5% | 7900.0% | -8.05% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $50.90M | $600.0K | $17.40M |
YoY Change | 192.53% | -101.22% | 17300.0% |
Cash From Investing Activities | $80.50M | $600.0K | -$42.80M |
YoY Change | -288.08% | -101.22% | -155.3% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $47.80M | $0.00 | |
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$44.20M | 57.80M | $105.5M |
YoY Change | -141.9% | 20.67% | -1198.96% |
NET CHANGE | |||
Cash From Operating Activities | -$59.80M | -48.00M | -$41.10M |
Cash From Investing Activities | $80.50M | 600.0K | -$42.80M |
Cash From Financing Activities | -$44.20M | 57.80M | $105.5M |
Net Change In Cash | -$24.60M | 10.40M | $21.60M |
YoY Change | -213.89% | -647.37% | -6.49% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$59.80M | -$48.00M | -$41.10M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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10900000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
60600000 | USD |
CY2020Q1 | wtm |
Payments To Acquire Trading Common Equity Securities
PaymentsToAcquireTradingCommonEquitySecurities
|
20900000 | USD |
CY2019Q1 | wtm |
Payments To Acquire Trading Common Equity Securities
PaymentsToAcquireTradingCommonEquitySecurities
|
4600000 | USD |
CY2020Q1 | wtm |
Payments To Acquire Trading Fixed Maturity And Convertible Fixed Maturity Investments
PaymentsToAcquireTradingFixedMaturityAndConvertibleFixedMaturityInvestments
|
180100000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
16200000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
4300000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
3600000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
1200000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Deferred Policy Acquisition Costs
IncreaseDecreaseInDeferredPolicyAcquisitionCosts
|
600000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-8600000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-10800000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
21000000.0 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
0 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
58800000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
41500000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-59800000 | USD |
CY2019Q1 | wtm |
Payments To Acquire Trading Fixed Maturity And Convertible Fixed Maturity Investments
PaymentsToAcquireTradingFixedMaturityAndConvertibleFixedMaturityInvestments
|
152300000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
0 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
9600000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
50900000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
17400000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
80500000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-42800000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
12000000.0 | USD |
CY2019Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
106500000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1000000.0 | USD |
CY2019Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
14800000 | USD |
CY2020Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
3200000 | USD |
CY2019Q1 | wtm |
Members Capital Contribution
MembersCapitalContribution
|
-7900000 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
161000000.0 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
110300000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
300000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-24600000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
21900000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
3200000 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
47800000 | USD |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2020Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
700000 | USD |
CY2019Q1 | us-gaap |
Payments Of Capital Distribution
PaymentsOfCapitalDistribution
|
27600000 | USD |
CY2020Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
6400000 | USD |
CY2019Q1 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | USD |
CY2020Q1 | wtm |
Repurchaseof Shares From Noncontrolling Interest Shareholders
RepurchaseofSharesFromNoncontrollingInterestShareholders
|
0 | USD |
CY2019Q1 | wtm |
Repurchaseof Shares From Noncontrolling Interest Shareholders
RepurchaseofSharesFromNoncontrollingInterestShareholders
|
21100000 | USD |
CY2020Q1 | wtm |
Proceeds From Issuanceof Sharesto Noncontrolling Interest Shareholders
ProceedsFromIssuanceofSharestoNoncontrollingInterestShareholders
|
0 | USD |
CY2019Q1 | wtm |
Proceeds From Issuanceof Sharesto Noncontrolling Interest Shareholders
ProceedsFromIssuanceofSharestoNoncontrollingInterestShareholders
|
62700000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
400000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
|
700000 | USD |
CY2020Q1 | wtm |
Members Capital Contribution
MembersCapitalContribution
|
-10000000.0 | USD |
CY2020Q1 | wtm |
Fidus Re Premium Payment
FidusRePremiumPayment
|
800000 | USD |
CY2019Q1 | wtm |
Fidus Re Premium Payment
FidusRePremiumPayment
|
700000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-6700000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-4900000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-44200000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
105500000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-1100000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
136400000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
132200000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
5200000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
3700000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2018Q1 | us-gaap |
Other Commitment
OtherCommitment
|
125000000.0 | USD |
CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> | |
CY2019Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
81400000 | USD |
CY2019Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
81400000 | USD |
CY2020Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
23200000 | USD |
CY2019Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
16400000 | USD |
CY2020Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
300000 | USD |
CY2019Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
400000 | USD |
CY2020Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
22900000 | USD |
CY2019Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
16000000.0 | USD |
CY2020Q1 | wtm |
Trading Securities Realizedand Unrealized Gain Loss Total
TradingSecuritiesRealizedandUnrealizedGainLossTotal
|
-156700000 | USD |
CY2019Q1 | wtm |
Trading Securities Realizedand Unrealized Gain Loss Total
TradingSecuritiesRealizedandUnrealizedGainLossTotal
|
245600000 | USD |
CY2020Q1 | wtm |
Taxon Net Realizedand Unrealized Gain Lossand Foreign Currency Gain Losson Trading Securities
TaxonNetRealizedandUnrealizedGainLossandForeignCurrencyGainLossonTradingSecurities
|
25500000 | USD |
CY2019Q1 | wtm |
Taxon Net Realizedand Unrealized Gain Lossand Foreign Currency Gain Losson Trading Securities
TaxonNetRealizedandUnrealizedGainLossandForeignCurrencyGainLossonTradingSecurities
|
-52200000 | USD |
CY2020Q1 | wtm |
Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities Net Of Tax
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecuritiesNetOfTax
|
-131200000 | USD |
CY2019Q1 | wtm |
Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities Net Of Tax
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecuritiesNetOfTax
|
193400000 | USD |
CY2019Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
300000 | USD |
CY2020Q1 | wtm |
Percentage Of Investments Recorded At Fair Value
PercentageOfInvestmentsRecordedAtFairValue
|
0.70 | |
CY2019 | wtm |
Percentage Of Investments Recorded At Fair Value
PercentageOfInvestmentsRecordedAtFairValue
|
0.71 | |
CY2019Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2746000000.0 | USD |
CY2020Q1 | wtm |
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
157100000 | USD |
CY2020Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
800000 | USD |
CY2020Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
232900000 | USD |
CY2020Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
279400000 | USD |
CY2020Q1 | wtm |
Fair Value Assets Measured On Recurring Basis Transfers In
FairValueAssetsMeasuredOnRecurringBasisTransfersIn
|
0 | USD |
CY2020Q1 | wtm |
Fair Value Assets Measured On Recurring Basis Transfers Out
FairValueAssetsMeasuredOnRecurringBasisTransfersOut
|
0 | USD |
CY2020Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2541600000 | USD |
CY2018Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2328700000 | USD |
CY2019Q1 | wtm |
Fair Value Assets Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsMeasuredOnRecurringBasisGainLossIncludedInEarnings
|
-245600000 | USD |
CY2019Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
|
217600000 | USD |
CY2019Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
|
257000000.0 | USD |
CY2019Q1 | wtm |
Fair Value Assets Measured On Recurring Basis Transfers In
FairValueAssetsMeasuredOnRecurringBasisTransfersIn
|
10900000 | USD |
CY2019Q1 | wtm |
Fair Value Assets Measured On Recurring Basis Transfers Out
FairValueAssetsMeasuredOnRecurringBasisTransfersOut
|
10900000 | USD |
CY2019Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2534600000 | USD |
CY2020Q1 | us-gaap |
Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
|
392400000 | USD |
CY2020Q1 | us-gaap |
Goodwill
Goodwill
|
392400000 | USD |
CY2019Q4 | us-gaap |
Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
|
402300000 | USD |
CY2019 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
7600000 | USD |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
394700000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Fair Value Disclosure
FiniteLivedIntangibleAssetsFairValueDisclosure
|
680200000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
33400000 | USD |
CY2020Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
646800000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Fair Value Disclosure
FiniteLivedIntangibleAssetsFairValueDisclosure
|
694400000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
29300000 | USD |
CY2019 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
10400000 | USD |
CY2019Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
654700000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
294700000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
283500000 | USD |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.154 | |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.036 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-128800000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
284400000 | USD |
CY2020Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
900000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
700000 | USD |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-129700000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
283700000 | USD |
CY2020Q1 | wtm |
Income Loss Allocated To Participating Unvested Restricted Common Shares
IncomeLossAllocatedToParticipatingUnvestedRestrictedCommonShares
|
-1300000 | USD |
CY2019Q1 | wtm |
Income Loss Allocated To Participating Unvested Restricted Common Shares
IncomeLossAllocatedToParticipatingUnvestedRestrictedCommonShares
|
2900000 | USD |
CY2020Q1 | wtm |
Net Income Loss Attributableto Parent Basicand Diluted Earnings Per Share Numerators
NetIncomeLossAttributabletoParentBasicandDilutedEarningsPerShareNumerators
|
-128400000 | USD |
CY2019Q1 | wtm |
Net Income Loss Attributableto Parent Basicand Diluted Earnings Per Share Numerators
NetIncomeLossAttributabletoParentBasicandDilutedEarningsPerShareNumerators
|
280800000 | USD |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
3178000.0 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
3172200 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
33800 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
32500 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3144200 | shares |
CY2020Q1 | wtm |
Income Loss From Continuing Operatings Excluding Portion Attributable To Noncontrolling Interest Net
IncomeLossFromContinuingOperatingsExcludingPortionAttributableToNoncontrollingInterestNet
|
-128400000 | USD |
CY2019Q1 | wtm |
Income Loss From Continuing Operatings Excluding Portion Attributable To Noncontrolling Interest Net
IncomeLossFromContinuingOperatingsExcludingPortionAttributableToNoncontrollingInterestNet
|
280800000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3139700 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3178000.0 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
3172200 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
33800 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
32500 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3144200 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3139700 | shares |
CY2020Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.00 | |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.00 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
|
-41.82 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
|
88.42 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-40.82 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
89.42 | |
CY2020Q1 | wtm |
Dividends Common Stock Cash Net Of Restricted Common Share Amounts
DividendsCommonStockCashNetOfRestrictedCommonShareAmounts
|
3100000 | USD |
CY2019Q1 | wtm |
Dividends Common Stock Cash Net Of Restricted Common Share Amounts
DividendsCommonStockCashNetOfRestrictedCommonShareAmounts
|
3200000 | USD |
CY2020Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
-131500000 | USD |
CY2019Q1 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
277600000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2000000.0 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1700000 | USD |
CY2020Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
100000 | USD |
CY2019Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
100000 | USD |
CY2020Q1 | us-gaap |
Lease Cost
LeaseCost
|
1900000 | USD |
CY2019Q1 | us-gaap |
Lease Cost
LeaseCost
|
1600000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
4600000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
5400000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5000000.0 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
4200000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
3100000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
3400000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
25700000 | USD |
CY2020Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2500000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
23200000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
22900000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.047 | |
CY2020Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
23200000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
22600000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.046 | |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
22800000 | USD |
CY2020Q1 | us-gaap |
Minority Interest
MinorityInterest
|
-117600000 | USD |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-116800000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
68500000 | USD |
CY2020Q1 | wtm |
Other Revenue
OtherRevenue
|
-127700000 | USD |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
-59200000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
99400000 | USD |
CY2019Q1 | wtm |
Other Revenue
OtherRevenue
|
334200000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
433600000 | USD |
CY2020Q1 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.500 | |
CY2019Q4 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.500 | |
CY2020Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
Contingencies<div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Legal Contingencies</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">White Mountains is subject to litigation and arbitration in the normal course of business. White Mountains considers the requirements of ASC 450 when evaluating its exposure to litigation and arbitration. ASC 450 requires that accruals be established for litigation and arbitration if it is probable that a loss has been incurred and it can be reasonably estimated. ASC 450 also requires that litigation and arbitration be disclosed if it is probable that a loss has been incurred or if there is a reasonable possibility that a loss may have been incurred. White Mountains does not have any current litigation that may have a material adverse effect on White Mountains’s financial condition, results of operations or cash flows. </span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following description presents significant legal contingencies, ongoing non-claims related litigation or arbitration as of March 31, 2020: </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Esurance</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On October 7, 2011, the Company completed the sale of its Esurance Holdings, Inc. and its subsidiaries and Answer Financial Inc. and its subsidiaries (collectively, “Esurance”) to The Allstate Corporation (“Allstate”) pursuant to a Stock Purchase Agreement dated as of May 17, 2011. Subject to specified thresholds and limits, the Company remains contingently liable to Allstate for specified matters related to the pre-closing period, including (a) losses of Esurance arising from extra-contractual claims and claims in excess of policy limits, (b) certain corporate reorganizations effected to remove entities from Esurance that were not being sold in the transaction, and (c) certain tax matters, including certain net operating losses being less than stated levels. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Sirius Group Tax Contingency</span></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A subsidiary of Sirius Group, which was sold by White Mountains in 2016, has been denied interest deductions by the Swedish Tax Authority (“STA”) for tax years 2013-2016. In October 2018, the Swedish Administrative Court ruled against Sirius Group on its appeal of the Swedish Tax Agency’s denial of certain interest deductions relating to periods prior to the sale of Sirius Group to CMI. In connection with the sale, White Mountains indemnified Sirius Group against the loss of certain tax attributes, including those related to these interest deductions. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, White Mountains reported a liability of </span><span style="font-family:inherit;font-size:10pt;"><span>$15.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$16.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, reflecting the value of these interest deductions. For the </span><span style="font-family:inherit;font-size:10pt;">three months ended</span><span style="font-family:inherit;font-size:10pt;"> </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> and 2019, the decreases in the liability of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$0.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> is related to foreign currency translation and included within net gain on sale of discontinued operations. Sirius Group has appealed the decision to the Swedish Administrative Court of Appeal.</span></div> | |
CY2020Q1 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
900000 | USD |
CY2019Q1 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
700000 | USD |