White Mountains Insurance Group Balance Sheet

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Assets	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Cash & Short Term Investments	605.40M	705.40M	557.70M	483.70M	452.50M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Receivables	3.248B	3.032B	3.277B	2.933B	3.259B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Inventory						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Prepaid Expenses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Assets						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Assets	3.854B	3.737B	3.835B	3.417B	3.711B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Property, Plant & Equipment						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accumulated Depreciation						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Property, Plant & Equipment						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Long Term Investments	7.964B	8.595B	7.716B	8.014B	9.132B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Goodwill & Intangibles						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Assets	837.50M	1.008B	2.396B	2.170B	1.040B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Assets	9.525B	10.33B	10.75B	10.79B	10.89B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Assets	13.38B	14.06B	14.58B	14.20B	14.60B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Liabilities	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Current Portion of Long Term Debt						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accounts Payable	6.928B	6.761B	7.143B	6.921B	7.935B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accrued Expenses	90.00M	187.90M	169.90M	153.30M	122.50M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Deferred Revenues						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Liabilities						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Liabilities	7.018B	6.949B	7.313B	7.074B	8.058B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Debt	677.20M	677.50M	669.00M	669.00M	818.80M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Deferred Income Tax	384.10M	365.50M	360.60M	374.20M	369.20M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Liabilities	989.90M	1.404B	2.22B	1.869B	1.143B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Liabilities	2.051B	2.447B	3.250B	2.912B	2.331B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities	9.069B	9.396B	10.56B	9.987B	10.39B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Shares Outstanding	6.639M	7.578M	7.631M	7.959M	7.975M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Preferred Stock						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Stock, Net	6.60M	7.60M	7.60M	8.00M	8.00M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Additional Paid-in Capital	1.100B	1.254B	1.263B	1.314B	1.313B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Retained Earnings	2.554B	2.790B	2.004B	2.102B	2.094B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Treasury Stock						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Shareholder's Equity	590.70M	580.20M	574.40M	595.30M	613.90M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	4.310B	4.668B	4.019B	4.216B	4.209B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities & Shareholder's Equity	13.38B	14.06B	14.58B	14.20B	14.60B	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro