v3.25.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of earnings per share from continuing operations
The following table presents the Company’s computation of earnings per share from continuing operations for the three and six months ended June 30, 2025 and 2024.
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Basic and diluted earnings per share numerators (in millions): 
Net income (loss) attributable to White Mountains’s common shareholders$122.9 $(54.6)$156.8 $181.8 
Allocation of (earnings) losses to participating restricted common shares (1)
(1.6).7 (1.8)(2.2)
Basic and diluted earnings (losses) per share numerators $121.3 $(53.9)$155.0 $179.6 
Basic earnings per share denominators (in thousands):
Total average common shares outstanding during the period2,574.3 2,566.6 2,570.7 2,563.2 
Average unvested restricted common shares (2)
(32.9)(34.8)(29.5)(31.7)
Basic earnings (losses) per share denominator2,541.4 2,531.8 2,541.2 2,531.5 
Diluted earnings per share denominator (in thousands):
Total average common shares outstanding during the period2,574.3 2,566.6 2,570.7 2,563.2 
Average unvested restricted common shares (2)
(32.9)(34.8)(29.5)(31.7)
Diluted earnings (losses) per share denominator2,541.4 2,531.8 2,541.2 2,531.5 
Basic and diluted earnings per share (in dollars):
Distributed earnings - dividends declared and paid$— $— $1.00 $1.00 
Undistributed earnings (losses)47.75 (21.24)59.99 69.93 
Basic and diluted earnings (losses) per share $47.75 $(21.24)$60.99 $70.93 
(1) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities.
(2) Restricted shares outstanding vest upon a stated date. See Note 12 — “Employee Share-Based Incentive Compensation Plans.”
Schedule of undistributed earnings
The following table presents the undistributed net earnings (losses) for the three and six months ended June 30, 2025 and 2024.
Three Months Ended June 30,Six Months Ended June 30,
Millions2025202420252024
Undistributed net earnings:
Net income (loss) attributable to White Mountains’s common shareholders, net of restricted common share amounts
$121.3 $(53.9)$155.0 $179.6 
Dividends declared, net of restricted common share amounts (1)
— — (2.5)(2.5)
Total undistributed net earnings (losses), net of restricted common share amounts
$121.3 $(53.9)$152.5 $177.1 
(1) Restricted shares issued by White Mountains receive dividends, and therefore, are considered participating securities.