In the Q2, White Mountains Insurance Group Ltd's corporate clients experienced a reduction by -2.25 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -12.12 %. During the corresponding time, White Mountains Insurance Group Ltd recorded a revenue increase by 22.55 % year on year, sequentially revenue grew by 63.11 %. While revenue at the White Mountains Insurance Group Ltd's corporate clients recorded rose by 21.14 % year on year, sequentially revenue grew by 12.46 %.
Customers of White Mountains Insurance Group Ltd saw their costs of revenue decrease by -2.25 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -12.12 %, for the same period White Mountains Insurance Group Ltd recorded revenue increase by 22.55 % year on year, sequentially revenue grew by 63.11 %.
White Mountains Insurance Group Ltd's Comment on Sales, Marketing and Customers
The company serves insured customers who purchase insurance policies. Its markets include insurance companies (ceding companies) that enter into reinsurance agreements with reinsurance companies (reinsurers). Reinsurance reduces ceding companies' exposure to risks, protects against large losses, helps maintain capital levels, and increases underwriting capacity. Reinsurers may also acquire retrocessional reinsurance. Reinsurance is provided on either a treaty or facultative basis: treaty reinsurance covers specified portions or categories of risk, while facultative reinsurance is underwritten on a risk-by-risk basis. Expenses include claims or losses and loss adjustment expenses, such as insurance adjusters' fees and litigation costs. Losses and loss adjustment expenses are categorized by underwriting year or accident year for reporting purposes.
White Mountains Insurance Group Ltd’s Comment on Sales, Marketing and Customers
The company serves insured customers who purchase insurance policies. Its markets include insurance companies (ceding companies) that enter into reinsurance agreements with reinsurance companies (reinsurers). Reinsurance reduces ceding companies' exposure to risks, protects against large losses, helps maintain capital levels, and increases underwriting capacity. Reinsurers may also acquire retrocessional reinsurance. Reinsurance is provided on either a treaty or facultative basis: treaty reinsurance covers specified portions or categories of risk, while facultative reinsurance is underwritten on a risk-by-risk basis. Expenses include claims or losses and loss adjustment expenses, such as insurance adjusters' fees and litigation costs. Losses and loss adjustment expenses are categorized by underwriting year or accident year for reporting purposes.
Sources:
White Mountains Insurance Group ltd’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: White Mountains Insurance Group ltd’s corporate clients.
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