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White Mountains Insurance Group ltd   (WTM)
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Price: $1,789.0000 $49.24 2.830%
Day's High: $1795.84 Week Perf: 3.53 %
Day's Low: $ 1,732.00 30 Day Perf: 3.24 %
Volume (M): 13 52 Wk High: $ 1,809.67
Volume (M$): $ 23,794 52 Wk Avg: $1,509.63
Open: $1,732.00 52 Wk Low: $1,319.05



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 2,973
 Revenues (TTM) (Millions $) 2,167
 Net Income (TTM) (Millions $) 581
 Cash Flow (TTM) (Millions $) 52
 Capital Exp. (TTM) (Millions $) 0

White Mountains Insurance Group Ltd

White Mountains Insurance Group, Ltd. is an exempted Bermuda limited liability company whose principal businesses are conducted through its insurance, reinsurance and insurance services subsidiaries and affiliates. Within this report, the term “White Mountains” is used to refer to one or more entities within the consolidated organization, as the context requires. The Company’s headquarters is located at 14 Wesley Street, Hamilton, Bermuda HM 11, its principal executive office is located at 80 South Main Street, Hanover, New Hampshire 03755-2053 and its registered office is located at Clarendon House, 2 Church Street, Hamilton, Bermuda HM 11. White Mountains’s reportable segments are OneBeacon, HG Global/BAM and Other Operations. During the third quarter of 2015, White Mountains signed a definitive agreement to sell Sirius International Insurance Group, Ltd., an exempted Bermuda limited liability company, and its subsidiaries (collectively, “Sirius Group”) to CM International Holding PTE Ltd., the Singapore-based investment arm of China Minsheng Investment Corp., Ltd. (“CMI”).

The OneBeacon segment consists of OneBeacon Insurance Group, Ltd. (“OneBeacon Ltd.”), an exempted Bermuda limited liability company that owns a family of property and casualty insurance companies (collectively, “OneBeacon”). OneBeacon is a specialty property and casualty insurance writer that offers a wide range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. During 2013, OneBeacon formed Split Rock Insurance, Ltd. (“Split Rock”), a Bermuda-based reinsurance company.

The HG Global/BAM segment consists of HG Global Ltd. (“HG Global”) and the consolidated results of Build America Mutual Assurance Company (“BAM”). BAM is a municipal bond insurer domiciled in New York that was established in 2012 to provide insurance on bonds issued to support essential U.S. public purposes such as schools, utilities, core governmental functions and existing transportation facilities. HG Global, together with its subsidiaries, provided the initial capitalization of BAM through the purchase of $503 million of surplus notes issued by BAM (the “BAM Surplus Notes”). HG Global, through its wholly-owned subsidiary, HG Re Ltd. (“HG Re”), also provides 15%-of-par, first loss reinsurance protection for policies underwritten by BAM.


White Mountains’s Other Operations segment consists of the Company and its intermediate holding companies, its wholly-owned investment management subsidiary, White Mountains Advisors LLC (“WM Advisors”), White Mountains’s variable annuity reinsurance business, White Mountains Life Reinsurance (Bermuda) Ltd. (“Life Re Bermuda”), which is in runoff with all of its contracts maturing by June 30, 2016, and Life Re Bermuda’s U.S.-based service provider, White Mountains Financial Services LLC (collectively, “WM Life Re”), White Mountains’s ownership positions in Tranzact Holdings, LLC (together with its subsidiaries “Tranzact”), QL Holdings, LLC (together with its subsidiaries “MediaAlpha”) and Wobi Insurance Agency Ltd. (“Wobi”), as well as various other entities and investments. The Other Operations segment also includes Star & Shield Services LLC, Star & Shield Risk Management LLC, and Star & Shield Claims Services LLC (collectively “Star & Shield”). Star & Shield provides management services for a fee to Star & Shield Insurance Exchange (“SSIE”), a reciprocal that is owned by its members, who are policyholders.

Underwriting Comes First. An insurance enterprise must respect the fundamentals of insurance. There must be a realistic expectation of underwriting profit on all business written, and demonstrated fulfillment of that expectation over time, with focused attention to the loss ratio and to all the professional insurance disciplines of pricing, underwriting and claims management.

Maintain a Disciplined Balance Sheet. The first concern here is that insurance liabilities must always be fully recognized. Loss reserves and expense reserves must be solid before any other aspect of the business can be solid. Pricing, marketing and underwriting all depend on informed judgment of ultimate loss costs and that can be managed effectively only with a disciplined balance sheet.

Invest for Total Return. Historically, GAAP accounting has tended to hide unrealized gains and losses on the investment portfolio and over reward reported investment income (interest and dividends). Regardless of the accounting, White Mountains must invest for the best growth in value over time. In addition to investing our bond portfolios for total after-tax return, that will mean prudent investment in equities consistent with leverage and insurance risk considerations.

Think Like Owners. Thinking like owners has a value all its own. There are stakeholders in a business enterprise and doing good work requires more than this quarter’s profit. But thinking like an owner embraces all that without losing the touchstone of a capitalist enterprise.

OneBeacon, with its U.S. corporate headquarters in Plymouth, Minnesota, is a specialty property and casualty insurance writer that offers a wide range of insurance products in the United States primarily through independent agencies, regional and national brokers, wholesalers and managing general agencies. As a specialty underwriter, OneBeacon believes that it will generate superior returns as compared to an underwriter that takes a more “generalist” underwriting approach and that its knowledge regarding its specialized insurance products, targeted industries, classes of business, risk characteristics and limited number of specialized competitors provides it with a competitive edge when determining the terms and conditions on individual accounts.



   Company Address: 23 South Main Street, Suite 3B Hanover, 3755 NH
   Company Phone Number: 640-2200   Stock Exchange / Ticker: NYSE WTM
   


Customers Net Income grew by WTM's Customers Net Profit Margin grew to

5.86 %

7.47 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.72%    
HIG        0.72% 
L        1% 
MKL        1.48% 
PGR        3.75% 
TRV        0.66% 
• View Complete Report
   



White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd Achieves $736.8 Million in Revenue in Financial Period Ending December 31, 2023

White Mountains Insurance Group Ltd is a financial services company that specializes in property and casualty insurance. In the financial span ending December 31, 2023, the company achieved a break-even point of $0.00 per share. This is an improvement from the previous year and the preceding reporting period.
The company's revenue showed a significant increase of 111.057% to $736.80 million from $349.10 million in the same reporting period a year ago. Sequentially, the revenue surged by 41.801% from $519.60 million. This growth in revenue indicates positive performance and the ability to generate more income.
The bottom-line of the company also saw a substantial increase, reaching $362.700 million in the financial span ending December 31, 2023. This is a growth of 489.76% from the net earnings of $61.500 million reported in the same financial span a year ago. This increase in net earnings demonstrates the company's success in managing its expenses and generating profits.

White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd Boasts Record-Breaking 35.595% Revenue Surge in Q3 2023


As the fiscal third quarter of 2023 comes to a close, White Mountains Insurance Group Ltd has showcased impressive growth in its top line despite its bottom line taking a significant hit. The company reported a zero gain of $0.00 per share, which remained consistent compared to the previous year and the prior financial reporting period.
The highlight of White Mountains' financial results is the substantial increase in revenue. In the fiscal third quarter of 2023, the company's revenue jumped by an impressive 35.595%, reaching $519.60 million, compared to $383.20 million in the similar period a year before. This sequential surge in revenue surged by 37.315% from $378.40 million.

White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd Quadruples Revenue to $378.4 Million, Outpaces Industry Growth in Most Recent Fiscal Period

White Mountains Insurance Group Ltd (WTM) is a company operating in the Property & Casualty Insurance industry. In the most recent fiscal period, WTM reported zero gain of $0.00 per share, which is consistent with the previous year's figure and a decrease from the previous quarter's $0.00 per share. However, the company experienced a significant increase in revenue, reaching $378.40 million, a rise of 393.351% compared to $76.70 million in the same quarter a year ago. Sequentially, revenue fell by -28.859% from $531.90 million.
In the second quarter of 2023, WTM's top-line growth outpaced most of its competitors in the Property & Casualty Insurance sector. While the majority of businesses in the industry experienced a 21.80% increase in their top-line, WTM's revenue grew much faster.






 

White Mountains Insurance Group Ltd's Segments
 
 
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  Company Estimates  
  Revenue Outlook
White Mountains Insurance Group Ltd does not provide revenue guidance.

Earnings Outlook
White Mountains Insurance Group ltd does not provide earnings estimates.

 
Geographic Revenue Dispersion




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