WHITE MOUNTAINS INSURANCE GROUP, LTD WTM Balance Sheet

White mountains insurance group, ltd (WTM)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Fixed maturity investments, at fair value
-	-	-	-	-	-	-	-	-	-	1,490	1,566	4,175	4,250	4,131	4,362	2,613	2,630	2,602	4,874	4,771	2,422	4,785	5,008	4,988	5,030	4,914	4,931	4,854	5,196	4,912	5,248	5,411	6,221	5,287	5,558	6,417	5,786	6,085	5,568	6,101
Short-term investments, at fair value
-	-	-	-	-	-	-	-	-	-	786	71	230	287	305	421	261	211	325	840	929	376	834	564	674	635	648	606	654	630	917	618	877	846	772	813	998	975	1,348	1,663	2,098
Common equity securities, at fair value
-	-	-	-	-	-	-	-	-	-	774	827	601	474	425	407	443	1,113	482	713	786	611	986	1,206	1,174	1,156	1,110	1,029	1,073	1,029	1,004	919	868	755	669	703	756	667	636	556	458
Convertible fixed maturity and preferred investments, at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	4	15	-	48	70	73	80	84	74	95	127	142	145	152	143	140	119	156	143	156	196	233
Other long-term investments
-	-	-	-	-	-	-	-	-	-	229	226	331	323	351	329	321	315	294	390	402	331	320	313	302	288	300	303	295	294	307	292	306	301	328	333	343	372	429	404	341
Total investments
-	-	-	-	-	2,542	-	-	-	3,380	3,280	2,692	5,339	5,334	5,213	5,521	3,639	4,271	3,709	6,823	6,906	3,742	6,976	7,161	7,213	7,192	7,057	6,945	6,972	7,278	7,283	7,224	7,617	8,268	7,199	7,529	8,671	7,943	8,655	8,389	9,232
Cash
-	-	-	-	-	-	-	-	-	-	48	53	125	149	244	135	178	173	200	354	335	261	543	331	338	382	411	348	411	462	549	811	605	705	557	483	452	395	401	348	366
Reinsurance recoverable on unpaid losses
-	-	-	-	-	-	-	-	-	-	-	-	174	172	169	162	150	186	214	427	436	161	430	433	425	428	416	388	410	429	356	2,369	2,465	2,507	2,581	2,193	2,338	2,344	2,621	2,778	1,217
Reinsurance recoverable on unpaid losses-Berkshire Hathaway Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,573
Reinsurance recoverable on paid losses
-	-	-	-	-	-	-	-	-	-	-	-	3	6	16	20	16	7	22	31	29	12	27	18	15	25	18	16	15	17	14	39	39	30	30	44	31	63	31	36	35
Insurance premiums receivable
-	-	-	-	-	-	-	-	-	-	4	2	227	229	264	240	234	220	273	711	706	241	677	717	734	518	684	706	717	556	678	747	737	489	644	672	838	532	842	861	785
Funds held by ceding entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	137	99	-	123	89	93	106	101	98	110	127	102	107	111	106	131	135	106	118	120	111	123
Investments in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	392	397	450	414	413	419	373	321	331	331	383	387	376	337	294	275	458	422	394	389	440	410	344
Deferred acquisition costs
-	-	-	-	-	-	-	-	-	-	14	13	110	106	109	113	109	107	110	198	192	107	204	191	190	174	188	180	190	195	211	200	198	187	202	194	233	176	241	241	303
Deferred tax asset
-	-	-	-	-	-	-	-	-	-	-	-	125	126	119	122	133	112	133	440	417	114	439	462	484	512	555	540	539	569	555	504	524	536	431	407	480	431	483	567	564
Ceded unearned insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	52	44	35	34	36	29	41	172	145	17	114	142	149	92	116	137	144	91	113	135	145	87	104	141	188	184	252	249	111
Accrued investment income
-	-	-	-	-	-	-	-	-	-	15	16	27	26	18	16	13	13	13	33	30	14	32	43	37	39	33	45	44	45	45	54	52	51	58	61	66	63	61	60	67
Accounts receivable on unsettled investment sales
-	-	-	-	-	-	-	-	-	-	190	199	24	6	179	21	4	41	11	23	12	37	39	76	19	12	38	14	99	3	167	76	6	4	20	23	49	39	147	87	27
Intangible Assets, Net (Including Goodwill)
646	654	660	667	510	537	485	492	59	62	37	49	53	55	59	53	371	55	381	355	362	351	-	-	-	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	46	62	254	274	226	239	286	273	307	322	323	348	466	520	537	437	397	483	416	503	626	673	580	681	760	679	744	730	694	705	691
Assets held for sale
-	-	-	-	-	-	-	-	-	-	0	3,696	0	10	27	384	5,215	4,790	4,528	0	58	4,630	1,699	1,750	1,803	1,880	1,957	2,047	2,155	2,226	2,388	0	-	132	1,399	1,213	-	1,122	-	655	-
Assets
3,739	3,983	3,836	3,752	3,629	3,362	3,422	3,368	3,587	3,659	3,637	6,786	6,516	6,544	6,683	7,065	10,391	10,282	10,346	10,429	10,507	10,455	12,188	12,357	12,416	12,144	12,307	12,283	12,611	12,895	13,468	13,280	13,378	14,064	14,581	14,202	14,597	14,534	14,993	15,502	15,443
Liabilities
Loss and loss adjustment expense reserves
-	-	-	-	-	-	-	-	-	-	-	-	1,368	1,365	1,362	1,376	1,349	1,389	1,433	3,031	3,035	1,350	3,022	3,053	3,048	3,079	3,108	3,057	3,100	3,168	3,059	5,329	5,510	5,702	5,882	5,642	6,212	5,736	6,415	6,643	6,802
Unearned insurance premiums
-	-	-	-	-	-	-	-	-	-	118	109	678	658	674	619	626	610	671	1,110	1,102	616	1,089	1,093	1,116	901	1,010	1,015	1,064	924	1,067	1,065	1,074	846	976	1,033	1,314	938	1,361	1,385	1,498
Variable annuity benefit guarantee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	31	54	-	143	194	251	441	672	661	548	768	-	-	-	610	-	-	-
Long-term Debt
294	283	230	230	195	192	164	169	21	23	9	10	284	285	288	289	532	337	383	748	749	343	678	677	677	676	676	676	676	751	676	677	677	677	669	669	818	818	818	851	1,050
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	-	264	254	0	303	336	353	356	329	317	337	341	399	368	384	365	360	374	369	373	368	320	355
Incentive Compensation Payable
-	-	-	-	-	-	-	-	-	-	76	63	83	140	124	106	114	140	121	124	100	108	187	157	124	218	161	125	100	159	144	113	90	187	169	153	122	157	150	132	204
Ceded reinsurance payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	23	31	-	46	189	151	34	134	159	157	71	153	156	175	116	138	175	194	134	188	160	224	221	293	268	92
Funds held under insurance contracts
-	-	-	-	-	-	-	-	-	-	-	-	148	153	156	140	134	137	100	145	143	81	132	124	127	127	89	75	67	43	33	47	45	42	39	39	84	85	83	80	97
Accounts payable on unsettled investment purchases
-	-	-	-	-	-	-	-	-	-	49	114	17	0	30	69	6	-	46	57	92	0	76	28	80	20	28	55	25	11	47	44	103	34	57	44	99	22	110	51	9
Other liabilities
-	-	-	-	-	-	-	-	-	-	45	44	178	199	210	188	229	250	304	297	338	278	355	336	343	415	362	371	374	452	461	461	441	527	1,310	1,089	1,142	557	1,119	1,104	991
Total liabilities held for sale
-	-	-	-	-	-	-	-	-	-	0	2,678	0	5	7	150	3,121	3,047	3,032	-	-	3,105	1,699	1,750	1,803	1,880	1,957	2,047	2,155	2,226	2,388	0	-	107	909	779	-	751	-	502	-
Liabilities
780	838	765	744	651	644	583	570	291	298	299	3,022	2,759	2,807	2,881	2,966	6,154	5,914	6,139	5,970	5,968	5,917	7,689	7,749	7,888	7,746	8,020	8,093	8,329	8,637	9,090	8,946	9,069	9,396	10,562	9,986	10,388	10,273	10,722	11,342	11,101
Equity
White Mountains’s common shareholders’ equity
White Mountains’s common shares at $1 par value per share—authorized 50,000,000 shares; issued and outstanding 3,135,005 and 3,185,353 shares and paid-in surplus
589	596	3	3	3	3	3	3	3	3	3	4	4	4	4	5	5	5	5	6	6	6	6	6	6	6	6	6	6	6	6	6	6	7	7	8	8	8	8	8	8
Paid-in surplus
-	-	590	587	582	580	576	572	671	666	665	810	802	806	805	868	933	972	992	1,025	1,032	1,028	1,030	1,047	1,046	1,044	1,040	1,036	1,031	1,050	1,095	1,102	1,099	1,253	1,262	1,313	1,312	1,350	1,370	1,397	1,436
Retained earnings
2,498	2,672	2,611	2,562	2,542	2,264	2,407	2,366	2,765	2,823	2,800	2,835	2,821	2,797	2,846	3,006	2,959	3,084	2,888	3,069	3,080	3,010	2,961	2,965	2,880	2,802	2,684	2,627	2,601	2,542	2,577	2,576	2,553	2,789	2,004	2,102	2,094	2,175	2,125	2,108	2,215
Accumulated other comprehensive loss, after tax:
Accumulated Other Comprehensive Income (Loss), Net of Tax
-10	-7	-11	-9	-6	-5	-2	-2	-1	-1	-1	0	-0	-1	-0	-0	-108	-145	-142	-123	-167	-79	-11	52	80	88	93	47	82	85	80	39	69	46	35	117	123	61	57	-69	11
Equity in net unrealized gains from investments in Symetra common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	2	63	34	19	29	-3	-40	-23	-16	49	57	59	27	-1	0	135	80	58	58	111	74	-9
Accumulated other comprehensive loss from net change in benefit plan assets and obligations
-	-	-	-	-	-	-	-	-	-	0	-3	-3	-3	-3	-3	-4	-4	-3	-4	-4	-4	4	4	4	4	-11	-11	-11	-11	-10	-9	-9	-9	-1	-1	1	-1	-6	-5	6
Total White Mountains’s common shareholders’ equity
3,076	3,261	3,193	3,144	3,122	2,843	2,984	2,940	3,439	3,492	3,468	3,647	3,625	3,603	3,652	3,875	3,785	3,913	3,745	3,974	4,011	3,995	4,010	4,105	4,014	3,905	3,790	3,689	3,758	3,731	3,809	3,742	3,718	4,087	3,444	3,620	3,595	3,653	3,667	3,513	3,657
Non-controlling interests
Non-controlling interest - OneBeacon Ltd.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258	263	-	259	280	281	273	269	282	300	295	292	337	351
Non-controlling interest - SIG Preference Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	250	-	250	250	250	250	-	-	-	250	250	250	250
Non-controlling interest - HG Global
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	16	-	16	-	-	0	-	-	-	-	-	-	-
Non-controlling interest - BAM
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-71	-53	-	-18	-	-	0	-	-	-	-	-	-	-
Non-controlling interest - other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	46	-	60	61	58	57	54	62	63	62	61	58	83
Noncontrolling interest - Sirius Group Preference Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	-	-	-	-	-	-
Noncontrolling interest - WMRe Preference Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	250	-	-	-	-
Stockholders' Equity Attributable to Noncontrolling Interest
-117	-116	-122	-136	-143	-124	-144	-142	-143	-131	-131	116	132	133	149	224	451	454	460	483	528	542	488	503	513	491	497	501	523	526	569	592	590	580	574	595	613	607	603	646	684
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
2,959	3,144	3,070	3,007	2,978	2,718	2,839	2,797	3,295	3,360	3,337	3,764	3,757	3,737	3,801	4,099	4,237	4,368	4,206	4,458	4,539	4,538	4,498	4,608	4,527	4,397	4,287	4,190	4,282	4,258	4,378	4,334	4,309	4,667	4,019	4,215	4,209	4,260	4,271	4,160	4,341
Total liabilities and equity
3,739	3,983	3,836	3,752	3,629	3,362	3,422	3,368	3,587	3,659	3,637	6,786	6,516	6,544	6,683	7,065	10,391	10,282	10,346	10,429	10,507	10,455	12,188	12,357	12,416	12,144	12,307	12,283	12,611	12,895	13,468	13,280	13,378	14,064	14,581	14,202	14,597	14,534	14,993	15,502	15,443
HG Global-BAM
Fixed maturity investments, at fair value
818	799	794	762	737	701	677	650	622	623	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments, at fair value
24	46	57	34	31	66	35	66	88	69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investments
842	845	851	797	769	768	713	716	710	693	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash
10	24	11	10	10	12	17	13	9	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance premiums receivable
6	6	6	6	6	6	6	6	5	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred acquisition costs
23	22	21	20	19	19	17	17	15	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued investment income
5	5	5	5	5	4	4	4	4	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable on unsettled investment sales
-	-	-	8	6	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
15	20	16	16	17	5	5	4	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
904	924	912	864	834	816	765	762	750	747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unearned insurance premiums
202	198	203	187	179	176	156	155	140	136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive Compensation Payable
9	21	19	14	10	20	-	-	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable on unsettled investment purchases
-	-	3	0	1	-	6	11	18	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
26	26	27	27	28	16	30	29	12	29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
238	246	253	229	219	212	192	196	179	167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Parent
-	-	-	-	-	759	-	-	-	727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interests
-	-	-	-	-	-156	-	-	-	-147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Segment
Fixed maturity investments, at fair value
394	406	371	346	394	376	354	458	711	1,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term investments, at fair value
113	154	215	152	238	147	276	255	675	106	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common equity securities, at fair value
523	683	629	709	905	925	1,043	911	945	866	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term investments
542	589	554	522	497	325	289	255	253	208	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investments
1,573	1,835	1,770	1,729	2,035	1,774	1,964	1,880	2,585	2,687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash
28	41	27	17	37	25	20	28	94	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued investment income
7	5	5	5	5	5	5	6	10	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable on unsettled investment sales
58	5	0	72	2	-	3	3	14	20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Including Goodwill)
22	22	20	21	21	7	8	8	8	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
31	31	27	26	29	17	14	17	16	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets held for sale
3	3	2	2	3	3	3	3	3	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
1,724	1,943	1,854	1,876	2,134	1,834	2,019	1,948	2,733	2,815	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt
10	10	10	10	10	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive Compensation Payable
11	55	44	36	26	38	40	30	23	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable on unsettled investment purchases
1	0	0	0	4	-	14	10	17	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
47	67	50	38	39	31	25	6	9	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
71	133	105	85	80	70	80	47	50	71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NSM Holding Co LLC
Short-term investments, at fair value
-	-	0	0	0	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments
-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash
89	89	105	119	84	66	60	73	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, after Allowance for Credit Loss
71	70	-	-	-	44	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance premiums receivable
-	-	53	57	51	-	29	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Including Goodwill)
615	623	630	636	488	486	431	436	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
46	41	36	36	36	27	18	14	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
822	825	826	851	661	623	540	557	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt
218	219	219	219	184	178	149	149	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums payable
110	102	92	118	93	77	56	72	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration earnout liabilities
13	20	28	30	27	20	20	17	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums billed in advance
-	-	-	-	-	-	-	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
61	59	60	56	46	38	27	19	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
403	401	400	425	351	314	253	266	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Parent
-	-	-	-	-	294	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Noncontrolling Interest
15	14	15	15	14	13	14	14	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Kudu investments
Short-term investments, at fair value
0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term investments
262	266	219	142	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investments
262	266	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash
7	5	4	2	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued investment income
5	5	4	2	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Including Goodwill)
9	9	9	9	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
2	2	3	2	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
288	290	242	160	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt
65	53	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
1	3	5	3	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
67	57	5	3	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Noncontrolling Interest
2	2	2	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
MediaAlpha
Investments
-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash
-	-	0	0	0	5	13	15	15	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets, Net (Including Goodwill)
-	16	0	0	0	43	45	48	50	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable from publishers and advertisers
-	-	0	0	0	37	35	34	35	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	0	0	0	2	2	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets
108	106	0	0	0	88	97	99	103	96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Debt
-	-	0	0	0	14	15	19	21	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts due to publishers and advertisers
-	-	0	0	0	27	37	38	37	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive Compensation Payable
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Liabilities
-	-	0	0	0	5	3	2	0	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities
137	144	0	0	0	46	56	60	60	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Parent
-	-	-	-	-	25	-	-	-	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interests
-	-	0	0	0	16	15	14	16	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-