$WTM
WHITE MOUNTAINS INSURANCE GROUP LTD

2013 Q1 Form 10-Q Financial Statement

#000144530513000949 Filed on April 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $627.4M $629.7M
YoY Change -0.37% 19.81%
Cost Of Revenue $244.3M $249.8M
YoY Change -2.2%
Gross Profit $383.1M $379.9M
YoY Change 0.84%
Gross Profit Margin 61.06% 60.33%
Selling, General & Admin $43.80M $45.50M
YoY Change -3.74% 62.5%
% of Gross Profit 11.43% 11.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.500M -$10.00M
YoY Change -145.0% -47.92%
% of Gross Profit 1.17% -2.63%
Operating Expenses $465.4M $477.9M
YoY Change -2.62% -13.14%
Operating Profit -$82.30M -$98.00M
YoY Change -16.02%
Interest Expense -$10.20M -$10.90M
YoY Change -6.42% -16.79%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $151.8M $140.9M
YoY Change 7.74% -476.74%
Income Tax $41.60M $31.10M
% Of Pretax Income 27.4% 22.07%
Net Earnings $119.9M $110.6M
YoY Change 8.41% -492.2%
Net Earnings / Revenue 19.11% 17.56%
Basic Earnings Per Share $19.17 $12.61
Diluted Earnings Per Share $19.17 $12.61
COMMON SHARES
Basic Shares Outstanding 6.195M shares 7.353M shares
Diluted Shares Outstanding 6.195M shares 7.353M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $223.0M $245.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.356B $7.912B
YoY Change -7.03% -12.73%
Other Assets $2.883B $885.0M
YoY Change 225.76% 13.75%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $12.61B $13.38B
YoY Change -5.74% -8.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $101.0M $90.00M
YoY Change 12.22% -26.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $127.0M $194.0M
YoY Change -34.54% -12.61%
LONG-TERM LIABILITIES
Long-Term Debt $676.0M $677.0M
YoY Change -0.15% -17.34%
Other Long-Term Liabilities $2.781B $990.0M
YoY Change 180.91% -13.39%
Total Long-Term Liabilities $3.457B $1.667B
YoY Change 107.38% -15.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.0M $194.0M
Total Long-Term Liabilities $3.457B $1.667B
Total Liabilities $8.330B $9.660B
YoY Change -13.77% -12.2%
SHAREHOLDERS EQUITY
Retained Earnings $2.601B
YoY Change
Common Stock $1.037B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.759B $3.719B
YoY Change
Total Liabilities & Shareholders Equity $12.61B $13.38B
YoY Change -5.74% -8.34%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $119.9M $110.6M
YoY Change 8.41% -492.2%
Depreciation, Depletion And Amortization $4.500M -$10.00M
YoY Change -145.0% -47.92%
Cash From Operating Activities -$224.9M -$333.3M
YoY Change -32.52% 156.98%
INVESTING ACTIVITIES
Capital Expenditures -$3.500M -$600.0K
YoY Change 483.33% -80.65%
Acquisitions
YoY Change
Other Investing Activities $406.4M $815.5M
YoY Change -50.17% 245.26%
Cash From Investing Activities $402.9M $814.9M
YoY Change -50.56% 249.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $79.00M $485.8M
YoY Change -83.74%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$167.0M -$492.0M
YoY Change -66.06% 397.47%
NET CHANGE
Cash From Operating Activities -$224.9M -$333.3M
Cash From Investing Activities $402.9M $814.9M
Cash From Financing Activities -$167.0M -$492.0M
Net Change In Cash $11.00M -$10.40M
YoY Change -205.77% -331.11%
FREE CASH FLOW
Cash From Operating Activities -$224.9M -$333.3M
Capital Expenditures -$3.500M -$600.0K
Free Cash Flow -$221.4M -$332.7M
YoY Change -33.45% 162.8%

Facts In Submission

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CY2013Q1 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Contingencies</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Esurance</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October&#160;7, 2011, the Company completed the sale of its Esurance and Answer Financial subsidiaries (the &#8220;Transferred Subsidiaries&#8221;) to Allstate pursuant a Stock Purchase Agreement dated as of May&#160;17, 2011 (filed as an exhibit to the Company's current report on Form&#160;8-K on May&#160;18, 2011, the &#8220;Agreement&#8221;).&#160; </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has certain contingencies under the Agreement as follows:&#160; (i)&#160;the final purchase price payable by Allstate under the Agreement, which is based upon the book value of the Transferred Subsidiaries at the closing date, is subject to a true-up process that has not yet been concluded, (ii)&#160;subject to specified thresholds and limits, the Company generally indemnifies Allstate for breaches of its representations and warranties in the Agreement for a period of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">eighteen</font><font style="font-family:inherit;font-size:10pt;"> months (although longer for specified representations and warranties) from the closing, (iii)&#160;the Company indemnifies Allstate for breaches of certain covenants in the Agreement, including certain agreements by the Company not to engage in certain competing business activities for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> years after the closing and not to solicit certain employees of the Transferred Subsidiaries for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> years after the closing, and (iv)&#160;subject to specified thresholds and limits, the Company indemnifies Allstate for specified matters related to the pre-closing period, including (a)&#160;specified litigation matters, (b)&#160;losses of the Transferred Subsidiaries arising from extra-contractual claims and claims in excess of policy limits (&#8220;ECO/EPL losses&#8221;), (c)&#160;certain corporate reorganizations effected to remove entities from the Transferred Subsidiaries that were not being sold in the transaction, and (d)&#160;certain tax matters, including certain net operating losses being less than stated levels.&#160; In addition, the Company retains </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">90%</font><font style="font-family:inherit;font-size:10pt;"> of positive or negative development in the loss reserves of the Transferred Subsidiaries as of the closing date (net of ECO/EPL losses).</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Legal Contingencies</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">White Mountains, and the insurance and reinsurance industry in general, are routinely subject to claims related litigation and arbitration in the normal course of business, as well as litigation and arbitration that do not arise from, or are directly related to, claims activity. White Mountains' estimates of the costs of settling matters routinely encountered in claims activity are reflected in the reserves for unpaid loss and LAE. See </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 3</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">White Mountains considers the requirements of ASC 450 when evaluating its exposure to non-claims related 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.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Although the ultimate outcome of claims and non-claims related litigation and arbitration, and the amount or range of potential loss at any particular time, is often inherently uncertain, management does not believe that the ultimate outcome of such claims and non-claims related litigation and arbitration will have a material adverse effect on White Mountains' financial condition, results of operations or cash flows.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following summarizes significant ongoing non-claims related litigation or arbitration as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Esurance Sale</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2011, the Company sold its Esurance and Answer Financial businesses (the &#8220;Transferred Companies&#8221;) to The Allstate Corporation (&#8220;Allstate&#8221;) for a purchase price of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.01 billion</font><font style="font-family:inherit;font-size:10pt;">. &#160;The purchase price consisted of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$700 million</font><font style="font-family:inherit;font-size:10pt;"> plus the tangible book value of the Transferred Companies at the closing, which was estimated to be </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$308 million</font><font style="font-family:inherit;font-size:10pt;">. &#160;Following closing, Allstate was required to prepare a final closing statement, including an audited balance sheet for the Transferred Companies as of the closing date. &#160;The Company is disputing Allstate's calculation of tangible book value in the closing statement. The amount in dispute is approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$20 million</font><font style="font-family:inherit;font-size:10pt;">, after tax. &#160;The dispute principally relates to (i) the elimination of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$24.7 million</font><font style="font-family:inherit;font-size:10pt;"> (pre-tax) of deferred acquisition costs (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$16.0 million</font><font style="font-family:inherit;font-size:10pt;">, after tax) and (ii) the inclusion of a liability equal to the costs associated with an Esurance extra-contractual (&#8220;ECO&#8221;) matter settled in April 2012 of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$5.2 million</font><font style="font-family:inherit;font-size:10pt;"> (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.4 million</font><font style="font-family:inherit;font-size:10pt;">, after tax). Per the agreement governing the sale of the Transferred Companies (the &#8220;Sale Agreement&#8221;), disputes over the closing statement are to be arbitrated by an independent accountant. </font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company believes this final closing statement was required to be prepared and audited no later than January 5, 2012. Allstate did not deliver the final closing statement to the Company until June 6, 2012, with an audit report dated June 1, 2012. As a result, in addition to the substantive disputes over the final closing statement, the Company also believes that Allstate's failure to have the final closing statement prepared and audited by the required date constituted a breach of Allstate's obligations under the Sale Agreement. &#160;The Company brought suit in the United States District Court for the Southern District of New York in connection with such breach. The court concluded that the Company's breach claim should also be arbitrated by the independent accountant under the Sale Agreement. That process is expected to be completed in the fourth quarter of 2013.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tribune Company</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, Deutsche Bank Trust Company Americas, Law Debenture Company of New York and Wilmington Trust Company (collectively referred to as &#8220;Plaintiffs&#8221;), in their capacity as trustees for certain senior notes issued by the Tribune Company (&#8220;Tribune&#8221;), filed lawsuits in various jurisdictions (the &#8220;Noteholder Actions&#8221;) against numerous defendants including OneBeacon, OBIC-sponsored benefit plans and other affiliates of White Mountains in their capacity as former shareholders of Tribune seeking recovery of the proceeds from the sale of common stock of Tribune in connection with Tribune's leveraged buyout in 2007 (the &#8220;LBO&#8221;). Tribune filed for bankruptcy in 2008 in the Delaware bankruptcy court (the &#8220;Bankruptcy Court&#8221;). The Bankruptcy Court granted Plaintiffs permission to commence these LBO-related actions. Plaintiffs seek recovery of the proceeds received by the former Tribune shareholders on a theory of constructive fraudulent transfer asserting that Tribune purchased or repurchased its common shares without receiving fair consideration at a time when it was, or as a result of the purchases of shares, was rendered, insolvent. OneBeacon has entered into a joint defense agreement with other affiliates of White Mountains that are defendants in the action. Certain subsidiaries of White Mountains received approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$39 million</font><font style="font-family:inherit;font-size:10pt;"> for Tribune common stock tendered in connection with the LBO.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In December 2011, the Judicial Panel on Multidistrict Litigation granted a motion to consolidate all of the Noteholder Actions for pretrial matters and transfer all such proceedings to the United States District Court for the Southern District of New York. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In addition, OneBeacon, OBIC-sponsored benefit plans and other affiliates of White Mountains in their capacity as former shareholders of Tribune, along with thousands of former Tribune shareholders, have been named as defendants in an adversary proceeding brought by the Official Committee of Unsecured Creditors of the Tribune Company, on behalf of the Tribune Company, which seeks to avoid the repurchase of shares by Tribune in the LBO on a theory of intentional fraudulent transfer (the &#8220;Committee Action&#8221;). The Committee Action has since been consolidated with the Noteholder Actions. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In September 2012, a case management order was entered in the consolidated cases, setting forth, among other things, a briefing schedule for an omnibus motion to dismiss in the Noteholder Actions. The court is expected to hear oral argument on that motion in the second quarter of 2013. Discovery and other motion practice (other than motions to amend the complaints) in the Committee Action and the Noteholder Actions is stayed until further order of the court.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Ace American Insurance Company</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A subsidiary of OneBeacon, OneBeacon U.S. Holdings,&#160;Inc. (&#8220;OBH&#8221;), was sued in Federal Court in the Eastern District of Pennsylvania on August 17, 2012 by Ace American Insurance Company (&#8220;Ace&#8221;). The complaint alleged that OBH, through a professional recruiting firm, improperly hired a group of Ace employees from Ace's surety division. The complaint sought injunctive relief and unspecified damages. After court-ordered expedited discovery was completed, the claims for injunctive relief were resolved pursuant to a confidential agreement. &#160;After the claims against&#160;OBH&#160;for injunctive relief were resolved, Ace filed a Demand for Arbitration against five of the former Ace surety employees hired by OneBeacon, alleging breach of their duty of loyalty to Ace and misappropriation of Ace trade secrets. On March 6, 2013, Ace also filed an Amended Complaint in the Federal Court action, naming OneBeacon Insurance Group, Ltd., OneBeacon Insurance Group, LLC and OneBeacon Services, LLC as additional defendants.&#160; The only remaining claim is for damages and trial is scheduled for June 2013. OneBeacon believes that Ace's damages claim against all of the OneBeacon companies and the claims against the individual employees are without merit and intends to vigorously defend both claims.</font></div></div>
CY2013Q1 us-gaap Minority Interest
MinorityInterest
523100000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
526400000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-492000000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-167000000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-492000000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-167000000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
814900000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
402900000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
753800000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
362200000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-333300000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-224900000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-184200000 USD
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-272200000 USD
CY2012Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16800000 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-500000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
93800000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
120400000 USD
CY2012Q1 us-gaap Net Investment Income
NetInvestmentIncome
41800000 USD
CY2013Q1 us-gaap Net Investment Income
NetInvestmentIncome
28500000 USD
CY2013Q1 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
85000000 USD
CY2012Q1 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
83700000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
503000000 USD
CY2013Q1 us-gaap Other Assets
OtherAssets
416500000 USD
CY2012Q1 us-gaap Other Income
OtherIncome
31200000 USD
CY2013Q1 us-gaap Other Income
OtherIncome
28300000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
452800000 USD
CY2013Q1 us-gaap Other Liabilities
OtherLiabilities
374400000 USD
CY2012Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
294200000 USD
CY2013Q1 us-gaap Other Long Term Investments
OtherLongTermInvestments
295200000 USD
CY2012Q1 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
73500000 USD
CY2013Q1 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
79100000 USD
CY2013Q1 us-gaap Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
25700000 USD
CY2012Q4 us-gaap Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
11400000 USD
CY2012Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
88100000 USD
CY2013Q1 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-26300000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
79000000 USD
CY2012Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
485800000 USD
CY2012Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 USD
CY2013Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6200000 USD
CY2012Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5000000 USD
CY2013Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5000000 USD
CY2012Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
61100000 USD
CY2013Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
40700000 USD
CY2013Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
9200000 USD
CY2012Q1 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
0 USD
CY2013Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
17400000 USD
CY2012Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
6100000 USD
CY2013Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
244300000 USD
CY2012Q1 us-gaap Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
249800000 USD
CY2012Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
498000000 USD
CY2013Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
495400000 USD
CY2013Q1 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
717600000 USD
CY2012Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
556300000 USD
CY2012Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
91800000 USD
CY2013Q1 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
144100000 USD
CY2013Q1 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
31300000 USD
CY2012Q1 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
0 USD
CY2013Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
80000000 USD
CY2012Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2012Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
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11100000 USD
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
20900000 USD
CY2012Q1 us-gaap Profit Loss
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110600000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
119900000 USD
CY2012Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
3900000 USD
CY2013Q1 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
99000000 USD
CY2012Q4 us-gaap Reinsurance Payable
ReinsurancePayable
116500000 USD
CY2013Q1 us-gaap Reinsurance Payable
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175700000 USD
CY2012Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
429100000 USD
CY2013Q1 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
410800000 USD
CY2012Q1 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
2465400000 USD
CY2011Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
2507300000 USD
CY2012Q4 us-gaap Reinsurance Receivables Paid Losses Recoverable
ReinsuranceReceivablesPaidLossesRecoverable
17900000 USD
CY2013Q1 us-gaap Reinsurance Receivables Paid Losses Recoverable
ReinsuranceReceivablesPaidLossesRecoverable
15600000 USD
CY2012Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 USD
CY2013Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
155000000 USD
CY2012Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1200000 USD
CY2013Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1800000 USD
CY2012Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
485800000 USD
CY2012Q4 us-gaap Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
3168900000 USD
CY2013Q1 us-gaap Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
3100600000 USD
CY2012Q1 us-gaap Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
5510800000 USD
CY2011Q4 us-gaap Reserve For Losses And Loss Adjustment Expenses
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5702300000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
249800000 USD
CY2013Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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188500000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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453500000 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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360100000 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
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2601400000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2542700000 USD
CY2012Q1 us-gaap Revenues
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629600000 USD
CY2013Q1 us-gaap Revenues
Revenues
627400000 USD
CY2013Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the loss and loss adjustment expense (&#8220;LAE&#8221;) reserve activities of White Mountains&#8217; insurance and reinsurance subsidiaries for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:537px;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td width="394px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="9px" rowspan="1" colspan="1"></td><td width="52px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td><td width="5px" rowspan="1" colspan="1"></td><td width="9px" rowspan="1" colspan="1"></td><td width="52px" rowspan="1" colspan="1"></td><td width="4px" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Millions</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2012</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross beginning balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,168.9</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,702.3</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less beginning reinsurance recoverable on unpaid losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(429.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,507.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net loss and LAE reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,739.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,195.0</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less:&#160; Beginning net loss and LAE reserves for </font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;OneBeacon's runoff business</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(383.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss and LAE reserves acquired - American Fuji</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">21.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss and LAE incurred relating to:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current year losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">242.9</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">257.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior year losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total incurred losses and LAE</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">244.3</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">249.8</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accretion of fair value adjustment to loss and LAE reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.1</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Foreign currency translation adjustment to loss and LAE reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(9.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss and LAE paid relating to:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current year losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(36.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(44.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior year losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(270.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(322.9</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total loss and LAE payments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(307.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(367.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Plus:&#160; Ending net loss and LAE reserves for<br clear="none"/> OneBeacon's runoff business</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#160;(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">332.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net ending balance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,689.8</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,045.4</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Plus ending reinsurance recoverable on unpaid losses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">410.8</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,465.4</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gross ending balance</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">3,100.6</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,510.8</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:4px;text-align:left;padding-left:84px;text-indent:-12px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font><font style="font-family:inherit;font-size:8pt;">&#160;Loss and LAE reserve balances for OneBeacon's run-off business prior to September 30, 2012 were not classified as held for sale.&#160; Adjustment is to present loss and LAE reserve activities from continuing operations.</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></div>
CY2013Q1 us-gaap Short Term Investments
ShortTermInvestments
654400000 USD
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
630600000 USD
CY2012Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
977019 shares
CY2013Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
140224 shares
CY2013Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
79000000 USD
CY2012Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
78300 shares
CY2013Q1 wtm Accreted Fair Value Adjustment To Loss And Loss Adjustment Expense Reserves
AccretedFairValueAdjustmentToLossAndLossAdjustmentExpenseReserves
1200000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
3758900000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
3731800000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4282000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4258200000 USD
CY2013Q1 us-gaap Trading Securities Debt
TradingSecuritiesDebt
4854400000 USD
CY2012Q4 us-gaap Trading Securities Debt
TradingSecuritiesDebt
5196200000 USD
CY2013Q1 us-gaap Trading Securities Equity
TradingSecuritiesEquity
1073200000 USD
CY2012Q4 us-gaap Trading Securities Equity
TradingSecuritiesEquity
1029700000 USD
CY2012Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
497
CY2013Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
564
CY2012Q1 us-gaap Undistributed Earnings
UndistributedEarnings
95400000 USD
CY2013Q1 us-gaap Undistributed Earnings
UndistributedEarnings
112200000 USD
CY2012Q4 us-gaap Unearned Premiums
UnearnedPremiums
924100000 USD
CY2013Q1 us-gaap Unearned Premiums
UnearnedPremiums
1064900000 USD
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7353400 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6194500 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
7431700 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
6273500 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7353400 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6194500 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
79000 shares
CY2012Q1 wtm Accreted Fair Value Adjustment To Loss And Loss Adjustment Expense Reserves
AccretedFairValueAdjustmentToLossAndLossAdjustmentExpenseReserves
7100000 USD
CY2013Q1 wtm Accumulated Other Comprehensive Income Loss Cumulative Equity In Unrealized Gains Losses From Unconsolidated Affiliates
AccumulatedOtherComprehensiveIncomeLossCumulativeEquityInUnrealizedGainsLossesFromUnconsolidatedAffiliates
49700000 USD
CY2012Q4 wtm Accumulated Other Comprehensive Income Loss Cumulative Equity In Unrealized Gains Losses From Unconsolidated Affiliates
AccumulatedOtherComprehensiveIncomeLossCumulativeEquityInUnrealizedGainsLossesFromUnconsolidatedAffiliates
57700000 USD
CY2013Q1 wtm Accumulated Other Comprehensive Income Loss Equity In Unrealized Gains Losses From Investments In Unconsolidated Affiliates
AccumulatedOtherComprehensiveIncomeLossEquityInUnrealizedGainsLossesFromInvestmentsInUnconsolidatedAffiliates
-8000000 USD
CY2012Q1 wtm Accumulated Other Comprehensive Income Loss Equity In Unrealized Gains Losses From Investments In Unconsolidated Affiliates
AccumulatedOtherComprehensiveIncomeLossEquityInUnrealizedGainsLossesFromInvestmentsInUnconsolidatedAffiliates
-1200000 USD
CY2012Q1 wtm Accumulated Other Comprehensive Income Loss Foreign Currency Translation
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslation
23500000 USD
CY2013Q1 wtm Accumulated Other Comprehensive Income Loss Foreign Currency Translation
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslation
-3700000 USD
CY2013Q1 wtm Accumulated Other Comprehensive Income Loss Net Of Tax Other
AccumulatedOtherComprehensiveIncomeLossNetOfTaxOther
-11500000 USD
CY2012Q4 wtm Accumulated Other Comprehensive Income Loss Net Of Tax Other
AccumulatedOtherComprehensiveIncomeLossNetOfTaxOther
-11500000 USD
CY2012Q1 wtm Aggregate Allocation To Restricted Shares Including Dividend
AggregateAllocationToRestrictedSharesIncludingDividend
1200000 USD
CY2013Q1 wtm Aggregate Allocation To Restricted Shares Including Dividend
AggregateAllocationToRestrictedSharesIncludingDividend
1600000 USD
CY2013Q1 wtm Assets Held For Sale
AssetsHeldForSale
2155200000 USD
CY2012Q4 wtm Assets Held For Sale
AssetsHeldForSale
2226800000 USD
CY2012Q1 wtm Income Loss From Continuing Operatings Excluding Portion Attributable To Noncontrolling Interest Net
IncomeLossFromContinuingOperatingsExcludingPortionAttributableToNoncontrollingInterestNet
101900000 USD
CY2013Q1 wtm Increase Decrease In Unsettled Accounts Receivable And Accounts Payable
IncreaseDecreaseInUnsettledAccountsReceivableAndAccountsPayable
-80800000 USD
CY2012Q1 wtm Increase Decrease In Unsettled Accounts Receivable And Accounts Payable
IncreaseDecreaseInUnsettledAccountsReceivableAndAccountsPayable
67100000 USD
CY2012Q1 wtm Increase Decrease In Variable Annuity Benefit Derivative Instruments
IncreaseDecreaseInVariableAnnuityBenefitDerivativeInstruments
-116100000 USD
CY2013Q1 wtm Increase Decrease In Variable Annuity Benefit Derivative Instruments
IncreaseDecreaseInVariableAnnuityBenefitDerivativeInstruments
-22500000 USD
CY2013Q1 wtm Increase Decrease In Variable Annuity Benefit Guarantee Liabilities
IncreaseDecreaseInVariableAnnuityBenefitGuaranteeLiabilities
189900000 USD
CY2012Q1 wtm Income Loss Before Equity Earnings Of Unconsolidated Affiliates Extraordinary Items And Cumulative Effect Of Change In Accounting Principle
IncomeLossBeforeEquityEarningsOfUnconsolidatedAffiliatesExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
100400000 USD
CY2012Q1 wtm Income Loss From Continuing Operatings Excluding Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperatingsExcludingPortionAttributableToNoncontrollingInterest
103100000 USD
CY2013Q1 wtm Income Loss From Continuing Operatings Excluding Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperatingsExcludingPortionAttributableToNoncontrollingInterest
119900000 USD
CY2013Q1 wtm Income Loss From Continuing Operatings Excluding Portion Attributable To Noncontrolling Interest Net
IncomeLossFromContinuingOperatingsExcludingPortionAttributableToNoncontrollingInterestNet
118300000 USD
CY2013Q1 wtm Cash Including Restricted Cash
CashIncludingRestrictedCash
411500000 USD
CY2012Q4 wtm Cash Including Restricted Cash
CashIncludingRestrictedCash
462400000 USD
CY2012Q1 wtm Cash Reclassified From Assets Held For Sale
CashReclassifiedFromAssetsHeldForSale
-5500000 USD
CY2013Q1 wtm Cash Reclassified From Assets Held For Sale
CashReclassifiedFromAssetsHeldForSale
0 USD
CY2013Q1 wtm Cash Reclassified To Assets Held For Sale
CashReclassifiedToAssetsHeldForSale
0 USD
CY2012Q1 wtm Cash Reclassified To Assets Held For Sale
CashReclassifiedToAssetsHeldForSale
3500000 USD
CY2012Q4 wtm Collective Account Value As Percentage Of Guaranteed Value
CollectiveAccountValueAsPercentageOfGuaranteedValue
0.87
CY2013Q1 wtm Collective Account Value As Percentage Of Guaranteed Value
CollectiveAccountValueAsPercentageOfGuaranteedValue
0.94
CY2012Q4 wtm Deferred Income Tax Assets
DeferredIncomeTaxAssets
569600000 USD
CY2013Q1 wtm Deferred Income Tax Assets
DeferredIncomeTaxAssets
539100000 USD
CY2012Q1 wtm Dividends Common Stock Cash Net Of Restricted Common Share Amounts
DividendsCommonStockCashNetOfRestrictedCommonShareAmounts
6500000 USD
CY2013Q1 wtm Dividends Common Stock Cash Net Of Restricted Common Share Amounts
DividendsCommonStockCashNetOfRestrictedCommonShareAmounts
6100000 USD
CY2013Q1 wtm Foreign Currency Translation Adjustment To Loss And Loss Adjustment Expense Reserves
ForeignCurrencyTranslationAdjustmentToLossAndLossAdjustmentExpenseReserves
-9600000 USD
CY2012Q1 wtm Foreign Currency Translation Adjustment To Loss And Loss Adjustment Expense Reserves
ForeignCurrencyTranslationAdjustmentToLossAndLossAdjustmentExpenseReserves
11800000 USD
CY2013Q1 wtm Incentive Compensation Payable
IncentiveCompensationPayable
100800000 USD
CY2012Q4 wtm Incentive Compensation Payable
IncentiveCompensationPayable
159000000 USD
CY2012Q1 wtm Income Loss Allocated To Participating Unvested Restricted Common Shares
IncomeLossAllocatedToParticipatingUnvestedRestrictedCommonShares
1100000 USD
CY2013Q1 wtm Income Loss Allocated To Participating Unvested Restricted Common Shares
IncomeLossAllocatedToParticipatingUnvestedRestrictedCommonShares
1500000 USD
CY2013Q1 wtm Income Loss Before Equity Earnings Of Unconsolidated Affiliates Extraordinary Items And Cumulative Effect Of Change In Accounting Principle
IncomeLossBeforeEquityEarningsOfUnconsolidatedAffiliatesExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple
110700000 USD
CY2012Q1 wtm Increase Decrease In Variable Annuity Benefit Guarantee Liabilities
IncreaseDecreaseInVariableAnnuityBenefitGuaranteeLiabilities
220000000 USD
CY2012Q1 wtm Insurance And Reinsurance Acquisition Expenses
InsuranceAndReinsuranceAcquisitionExpenses
109100000 USD
CY2013Q1 wtm Insurance And Reinsurance Acquisition Expenses
InsuranceAndReinsuranceAcquisitionExpenses
98200000 USD
CY2012Q1 wtm Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities Net Of Tax
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecuritiesNetOfTax
44600000 USD
CY2013Q1 wtm Investments In Unconsolidated Affiliates
InvestmentsInUnconsolidatedAffiliates
383600000 USD
CY2012Q4 wtm Investments In Unconsolidated Affiliates
InvestmentsInUnconsolidatedAffiliates
387900000 USD
CY2013Q1 wtm Liabilities Held For Sale
LiabilitiesHeldForSale
2155200000 USD
CY2012Q4 wtm Liabilities Held For Sale
LiabilitiesHeldForSale
2226800000 USD
CY2012Q1 wtm Liability For Unpaid Claims And Claims Adjustment Expense Acquired Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAcquiredClaimsCurrentYear
0 USD
CY2013Q1 wtm Liability For Unpaid Claims And Claims Adjustment Expense Acquired Claims Current Year
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseAcquiredClaimsCurrentYear
21300000 USD
CY2012Q1 wtm Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years Due To2011 Japan Earthquake
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsPriorYearsDueTo2011JapanEarthquake
8100000 USD
CY2013Q1 wtm Maximum Differences Between Prices Provided By Pricing Services Considered Outliers
MaximumDifferencesBetweenPricesProvidedByPricingServicesConsideredOutliers
1000000 USD
CY2013Q1 wtm Maximum Percentage Differences Between Prices Provided By Pricing Services Considered Outliers
MaximumPercentageDifferencesBetweenPricesProvidedByPricingServicesConsideredOutliers
0.05
CY2013Q1 wtm Municipal Bond Contract
MunicipalBondContract
105
CY2012Q4 wtm Municipal Bond Contract
MunicipalBondContract
3
CY2013Q1 wtm Municipal Bond Outstanding Interest
MunicipalBondOutstandingInterest
497600000 USD
CY2012Q4 wtm Municipal Bond Outstanding Interest
MunicipalBondOutstandingInterest
8900000 USD
CY2012Q4 wtm Municipal Bond Outstanding Principal
MunicipalBondOutstandingPrincipal
25800000 USD
CY2013Q1 wtm Municipal Bond Outstanding Principal
MunicipalBondOutstandingPrincipal
698600000 USD
CY2013Q1 wtm Net Acquisitions Of Property And Equipment
NetAcquisitionsOfPropertyAndEquipment
3500000 USD
CY2012Q1 wtm Net Acquisitions Of Property And Equipment
NetAcquisitionsOfPropertyAndEquipment
600000 USD
CY2013Q1 wtm Net Investment Income Surplus Notes
NetInvestmentIncomeSurplusNotes
0 USD
CY2013Q1 wtm Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecurities
75200000 USD
CY2012Q1 wtm Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecurities
58600000 USD
CY2013Q1 wtm Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities Net Of Tax
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecuritiesNetOfTax
61500000 USD
CY2013Q1 wtm Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities Tax
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecuritiesTax
13700000 USD
CY2012Q1 wtm Net Realized And Unrealized Gain Loss And Foreign Currency Gain Loss On Trading Securities Tax
NetRealizedAndUnrealizedGainLossAndForeignCurrencyGainLossOnTradingSecuritiesTax
14000000 USD
CY2013Q1 wtm Noncontrolling Interest Subsidiary Four
NoncontrollingInterestSubsidiaryFour
-53800000 USD
CY2012Q4 wtm Noncontrolling Interest Subsidiary Four
NoncontrollingInterestSubsidiaryFour
-36000000 USD
CY2013Q1 wtm Noncontrolling Interest Subsidiary One
NoncontrollingInterestSubsidiaryOne
263500000 USD
CY2012Q4 wtm Noncontrolling Interest Subsidiary One
NoncontrollingInterestSubsidiaryOne
251400000 USD
CY2013Q1 wtm Noncontrolling Interest Subsidiary Three
NoncontrollingInterestSubsidiaryThree
16600000 USD
CY2012Q4 wtm Noncontrolling Interest Subsidiary Three
NoncontrollingInterestSubsidiaryThree
16600000 USD
CY2012Q4 wtm Noncontrolling Interest Subsidiary Two
NoncontrollingInterestSubsidiaryTwo
250000000 USD
CY2013Q1 wtm Noncontrolling Interest Subsidiary Two
NoncontrollingInterestSubsidiaryTwo
250000000 USD
CY2011Q4 wtm Numberofmanufacturingcompaniesfromwhomsharesreceived
Numberofmanufacturingcompaniesfromwhomsharesreceived
2 company
CY2012Q4 wtm Noncontrolling Interest Subsidiary Five
NoncontrollingInterestSubsidiaryFive
44400000 USD
CY2013Q1 wtm Noncontrolling Interest Subsidiary Five
NoncontrollingInterestSubsidiaryFive
46800000 USD
CY2012Q1 wtm Proceeds From Sale Of Trading Common Equity Securities
ProceedsFromSaleOfTradingCommonEquitySecurities
22200000 USD
CY2013Q1 wtm Proceeds From Sale Of Trading Fixed Maturity And Convertible Fixed Maturity Investments
ProceedsFromSaleOfTradingFixedMaturityAndConvertibleFixedMaturityInvestments
1962900000 USD
CY2013Q1 wtm Payments To Acquire Trading Common Equity Securities
PaymentsToAcquireTradingCommonEquitySecurities
143300000 USD
CY2012Q1 wtm Payments To Acquire Trading Common Equity Securities
PaymentsToAcquireTradingCommonEquitySecurities
98700000 USD
CY2013Q1 wtm Payments To Acquire Trading Fixed Maturity And Convertible Fixed Maturity Investments
PaymentsToAcquireTradingFixedMaturityAndConvertibleFixedMaturityInvestments
1742500000 USD
CY2012Q1 wtm Payments To Acquire Trading Fixed Maturity And Convertible Fixed Maturity Investments
PaymentsToAcquireTradingFixedMaturityAndConvertibleFixedMaturityInvestments
1737100000 USD
CY2013Q1 wtm Percentage Of Par Value Of Policy Reinsured
PercentageOfParValueOfPolicyReinsured
0.15
CY2013Q1 wtm Proceeds From Maturities Of Trading Fixed Maturity And Convertible Fixed Maturity Investments
ProceedsFromMaturitiesOfTradingFixedMaturityAndConvertibleFixedMaturityInvestments
176300000 USD
CY2012Q1 wtm Proceeds From Maturities Of Trading Fixed Maturity And Convertible Fixed Maturity Investments
ProceedsFromMaturitiesOfTradingFixedMaturityAndConvertibleFixedMaturityInvestments
194900000 USD
CY2013Q1 wtm Proceeds From Sale Of Trading Common Equity Securities
ProceedsFromSaleOfTradingCommonEquitySecurities
181900000 USD
CY2012Q1 wtm Proceeds From Sale Of Trading Fixed Maturity And Convertible Fixed Maturity Investments
ProceedsFromSaleOfTradingFixedMaturityAndConvertibleFixedMaturityInvestments
2450200000 USD
CY2007Q2 wtm Proceeds From Tribune Common Stock
ProceedsFromTribuneCommonStock
39000000 USD
CY2013Q1 wtm Trading Securities Unrealized Foreign Currency Gain Loss Net Of Tax
TradingSecuritiesUnrealizedForeignCurrencyGainLossNetOfTax
-7600000 USD
CY2012Q1 wtm Trading Securities Unrealized Foreign Currency Gain Loss Net Of Tax
TradingSecuritiesUnrealizedForeignCurrencyGainLossNetOfTax
-18500000 USD
CY2013Q1 wtm Stock Repurchase Program Number Of Additional Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfAdditionalSharesAuthorizedToBeRepurchased
545496 shares
CY2012Q4 wtm Trading Securities Convertible Fixed Maturity Investments
TradingSecuritiesConvertibleFixedMaturityInvestments
127400000 USD
CY2013Q1 wtm Trading Securities Convertible Fixed Maturity Investments
TradingSecuritiesConvertibleFixedMaturityInvestments
95600000 USD
CY2012Q4 wtm Trading Securities Debt Reclassified To Assets Held For Sale
TradingSecuritiesDebtReclassifiedToAssetsHeldForSale
338100000 USD
CY2013Q1 wtm Trading Securities Realized And Unrealized Holding Gain Loss On Investments After Tax
TradingSecuritiesRealizedAndUnrealizedHoldingGainLossOnInvestmentsAfterTax
69100000 USD
CY2012Q1 wtm Trading Securities Realized And Unrealized Holding Gain Loss On Investments After Tax
TradingSecuritiesRealizedAndUnrealizedHoldingGainLossOnInvestmentsAfterTax
63100000 USD
CY2013Q1 wtm Trading Securities Tax On Realized And Unrealized Holding Gain Loss On Investments
TradingSecuritiesTaxOnRealizedAndUnrealizedHoldingGainLossOnInvestments
15900000 USD
CY2012Q1 wtm Trading Securities Tax On Realized And Unrealized Holding Gain Loss On Investments
TradingSecuritiesTaxOnRealizedAndUnrealizedHoldingGainLossOnInvestments
20600000 USD
CY2013Q1 wtm Trading Securities Unrealized Foreign Currency Transaction Gain Loss
TradingSecuritiesUnrealizedForeignCurrencyTransactionGainLoss
-9800000 USD
CY2012Q1 wtm Trading Securities Unrealized Foreign Currency Transaction Gain Loss
TradingSecuritiesUnrealizedForeignCurrencyTransactionGainLoss
-25100000 USD
CY2012Q1 wtm Trading Securities Unrealized Foreign Currency Transaction Gain Loss Tax
TradingSecuritiesUnrealizedForeignCurrencyTransactionGainLossTax
-6600000 USD
CY2013Q1 wtm Trading Securities Unrealized Foreign Currency Transaction Gain Loss Tax
TradingSecuritiesUnrealizedForeignCurrencyTransactionGainLossTax
-2200000 USD
CY2013Q1 wtm Unaccreted Fair Value Adjustment To Loss And Loss Adjustment Expense Reserves Before Tax
UnaccretedFairValueAdjustmentToLossAndLossAdjustmentExpenseReservesBeforeTax
4500000 USD
CY2013Q1 wtm Variable Annuity Notional Guarantee Value
VariableAnnuityNotionalGuaranteeValue
228500000000 JPY
CY2013Q1 wtm Variable Annuity Notional Guarantee Value
VariableAnnuityNotionalGuaranteeValue
2400000000 USD
CY2012Q4 wtm Variable Annuity Notional Guarantee Value
VariableAnnuityNotionalGuaranteeValue
2700000000 USD
CY2012Q4 wtm Variable Annuity Notional Guarantee Value
VariableAnnuityNotionalGuaranteeValue
230000000000 JPY
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000776867
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6176210 shares
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
WHITE MOUNTAINS INSURANCE GROUP LTD
CY2013Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0001445305-13-000949-index-headers.html Edgar Link pending
0001445305-13-000949-index.html Edgar Link pending
0001445305-13-000949.txt Edgar Link pending
0001445305-13-000949-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
wtm-20130331.xml Edgar Link completed
wtm-20130331.xsd Edgar Link pending
wtm-20130331_cal.xml Edgar Link unprocessable
wtm-20130331_def.xml Edgar Link unprocessable
wtm-20130331_lab.xml Edgar Link unprocessable
wtm-20130331_pre.xml Edgar Link unprocessable
wtm-2013331x10qxex311.htm Edgar Link pending
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