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Complete financial analysis of White Mountains Insurance Group, Ltd. (WTM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of White Mountains Insurance Group, Ltd., a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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White Mountains Insurance Group, Ltd. (WTM)
Industry: Insurance - Property & Casualty
Sector: Financial Services
Website: https://www.whitemountains.com
About White Mountains Insurance Group, Ltd.
White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark segment writes a portfolio of reinsurance and insurance, including property, marine and energy, accident and health, casualty, and specialty products. The NSM segment operates as a managing general agent and program administrator for specialty property and casualty insurance to various sectors comprising specialty transportation, real estate, social services, and pet. The Kudu segment provides capital solutions to boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisitions and growth finances, and legacy partner liquidity, as well as strategic assistance to investees. The Other Operations segment offers insurance solutions to travel industry through broker channel and on a direct-to-consumer basis; and manages separate accounts and pooled investment vehicles for insurance-linked securities sectors, including catastrophe bonds, collateralized reinsurance investments, and industry loss warranties of third-party clients. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.17B | 1.16B | 944.80M | 1.18B | 893.40M | 369.10M | 373.80M | 1.36B | 1.81B | 2.51B | 2.32B | 2.44B | 1.31B | 3.57B | 4.45B | 2.96B | 4.73B | 4.79B | 4.63B | 4.55B | 3.81B | 4.19B | 3.23B | 848.20M | 565.20M | 578.10M | 314.20M | 332.50M | 222.30M | 228.50M | 375.00M | 279.40M | 344.00M | 433.00M | 3.49B | 3.70B | 3.93B | 3.70B | 3.35B |
| Cost of Revenue | 40.40M | 98.60M | 69.30M | 11.30M | 7.50M | 248.70M | 139.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.13B | 1.06B | 875.50M | 1.17B | 885.90M | 120.40M | 234.40M | 1.36B | 1.81B | 2.51B | 2.32B | 2.44B | 1.31B | 3.57B | 4.45B | 2.96B | 4.73B | 4.79B | 4.63B | 4.55B | 3.81B | 4.19B | 3.23B | 848.20M | 565.20M | 578.10M | 314.20M | 332.50M | 222.30M | 228.50M | 375.00M | 279.40M | 344.00M | 433.00M | 3.49B | 3.70B | 3.93B | 3.70B | 3.35B |
| Gross Profit Ratio | 98.14% | 91.48% | 92.67% | 99.04% | 99.16% | 32.62% | 62.71% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 432.60M | 376.20M | 482.90M | 387.00M | 327.80M | 235.70M | 208.00M | 287.40M | 458.90M | 287.50M | 179.60M | 171.60M | 175.30M | 203.70M | 263.00M | 237.90M | 200.50M | 218.30M | 156.80M | 309.30M | 201.80M | 469.90M | 0.00 | 28.40M | 19.50M | 75.40M | 87.60M | 120.00M | 60.30M | 77.70M | 131.00M | 61.10M | 53.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 98.60M | 69.30M | 11.30M | 7.50M | 297.10M | 163.20M | 4.20M | 2.90M | 0.00 | 0.00 | 0.00 | -160.60M | -20.80M | -29.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 432.60M | 376.20M | 482.90M | 387.00M | 327.80M | 235.70M | 208.00M | 287.40M | 458.90M | 287.50M | 179.60M | 171.60M | 14.70M | 182.90M | 233.30M | 237.90M | 200.50M | 218.30M | 156.80M | 309.30M | 201.80M | 469.90M | 417.10M | 28.40M | 19.50M | 75.40M | 87.60M | 120.00M | 60.30M | 77.70M | 131.00M | 61.10M | 53.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 1.73B | -200.20M | -1.84B | -948.80M | -825.00M | -740.50M | -362.60M | -294.00M | -740.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -4.04B | -410.10M | -395.90M | -439.60M | -283.40M | -378.70M | -136.00M | -230.10M | -262.00M | -200.20M | 1.04B | -75.00M | -3.37B | -3.47B | -4.05B | -3.49B | -3.55B |
| Operating Expenses | 2.17B | 176.00M | -1.36B | -561.80M | -497.20M | -504.80M | 206.10M | 299.90M | 487.50M | 288.20M | 181.30M | 182.20M | 175.30M | 203.70M | 263.00M | 237.90M | 200.50M | 218.30M | 156.80M | 309.30M | 201.80M | 469.90M | -3.62B | -381.70M | -376.40M | -364.20M | -195.80M | -258.70M | -75.70M | -152.40M | -131.00M | -139.10M | 1.09B | -75.00M | -3.37B | -3.47B | -4.05B | -3.49B | -3.55B |
| Cost & Expenses | 2.17B | 1.31B | 1.25B | 535.50M | 488.30M | 547.30M | 366.00M | 1.40B | 1.65B | 2.21B | 1.97B | 2.17B | 1.23B | 3.42B | 3.68B | 4.10B | 4.05B | 4.06B | 4.34B | 4.31B | 3.43B | 4.07B | 3.66B | 492.80M | 403.70M | 448.10M | 239.50M | 308.70M | 187.10M | 186.90M | 234.10M | 138.60M | 110.00M | 133.00M | 486.00M | -3.47B | -4.05B | 51.40M | -3.55B |
| Interest Income | 0.00 | 40.30M | 20.50M | 7.40M | 17.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 26.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 62.70M | 40.30M | 43.80M | 29.50M | 17.60M | 9.50M | 2.30M | 16.10M | 18.60M | 41.90M | 42.50M | 44.80M | 31.60M | 57.30M | 70.80M | 115.50M | 73.00M | 108.70M | 44.50M | 96.70M | 48.60M | 71.80M | 45.70M | 16.10M | 14.70M | 83.90M | 49.70M | 50.00M | 45.80M | 78.80M | 103.10M | 77.50M | 57.00M | 133.00M | 135.00M | 0.00 | 0.00 | 51.40M | 0.00 |
| Depreciation & Amortization | -17.80M | 5.20M | 21.60M | 43.40M | 29.80M | 25.70M | 22.40M | 20.40M | 28.60M | 69.70M | 172.60M | -42.00M | 516.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 750.80M | -91.60M | -41.40M | 0.00 | 63.10M | 67.10M | 85.40M | 86.40M | 99.20M | 142.30M | 0.00 | 91.00M | 76.00M | 95.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 610.30M | -103.90M | -232.50M | 711.20M | 452.50M | -143.00M | 32.50M | -124.60M | 155.60M | 54.50M | 268.30M | 278.50M | 700.40M | 210.40M | 834.80M | -1.02B | 819.90M | 838.50M | 389.90M | 344.50M | 0.00 | 831.60M | -45.90M | 425.10M | 132.90M | 156.40M | 185.50M | 139.10M | 233.00M | 175.30M | 386.30M | 140.30M | 148.00M | 434.00M | 211.00M | 230.00M | -123.00M | 0.00 | -197.00M |
| EBITDA Ratio | 28.17% | 75.97% | -39.54% | 54.81% | 46.79% | -29.80% | 172.31% | 32.90% | 21.18% | 19.03% | 19.03% | 9.71% | 53.36% | 4.61% | 16.85% | -31.75% | 14.60% | 18.37% | 8.01% | 12.35% | 12.00% | 19.87% | -14.83% | 50.12% | 33.40% | 47.92% | 59.04% | 47.88% | 104.81% | 76.72% | 103.01% | 50.21% | 443.31% | 100.23% | 6.05% | 6.21% | -3.13% | 5.62% | -5.88% |
| Operating Income | 116.70M | 874.50M | -413.40M | 618.90M | 396.20M | -135.70M | 7.80M | -40.40M | 155.60M | 248.40M | 268.30M | 278.50M | 184.30M | 164.70M | 749.60M | -938.50M | 690.90M | 880.80M | 371.10M | 562.40M | 456.80M | 80.80M | -387.90M | 466.50M | 188.80M | 213.90M | 118.40M | 73.80M | 146.60M | 76.10M | 244.00M | 140.30M | 1.43B | 358.00M | 116.00M | 230.00M | -123.00M | 208.00M | -197.00M |
| Operating Income Ratio | 5.39% | 75.52% | -43.76% | 52.42% | 44.35% | -36.77% | 2.09% | -2.97% | 8.60% | 9.90% | 11.58% | 11.43% | 14.04% | 4.61% | 16.85% | -31.75% | 14.60% | 18.37% | 8.01% | 12.35% | 12.00% | 1.93% | -12.00% | 55.00% | 33.40% | 37.00% | 37.68% | 22.20% | 65.95% | 33.30% | 65.07% | 50.21% | 416.86% | 82.68% | 3.32% | 6.21% | -3.13% | 5.62% | -5.88% |
| Total Other Income/Expenses | 448.70M | -149.40M | -26.00M | -7.40M | -21.50M | -11.00M | 0.00 | -106.90M | -1.30M | -232.20M | 85.90M | -15.70M | 98.00M | 84.30M | -74.70M | -487.00M | 681.50M | 62.60M | -151.70M | -52.10M | 215.40M | 119.00M | 0.00 | 358.00M | 130.00M | 79.60M | 7.10M | 0.00 | 35.20M | 41.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 565.40M | -149.40M | -302.00M | 645.20M | 405.10M | -178.20M | 7.80M | -40.40M | 154.90M | 301.70M | 344.90M | 262.80M | 85.70M | 150.50M | 764.00M | -1.14B | 681.50M | 729.80M | 293.00M | 247.80M | 372.30M | 119.40M | -422.20M | 355.40M | 161.50M | 130.00M | 74.70M | 23.80M | 35.20M | 41.60M | 0.00 | 0.00 | 0.00 | 0.00 | 928.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 26.09% | -12.90% | -31.96% | 54.65% | 45.34% | -48.28% | 2.09% | -2.97% | 8.56% | 12.02% | 14.88% | 10.79% | 6.53% | 4.21% | 17.18% | -38.57% | 14.40% | 15.22% | 6.33% | 5.44% | 9.78% | 2.85% | -13.06% | 41.90% | 28.57% | 22.49% | 23.77% | 7.16% | 15.83% | 18.21% | 0.00% | 0.00% | 0.00% | 0.00% | 26.59% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | -15.50M | 41.40M | 38.60M | -20.50M | 29.30M | -4.00M | -7.80M | -45.40M | -700.00K | 53.30M | 76.60M | -15.70M | -29.80M | 20.90M | 208.80M | -498.70M | 210.50M | 98.90M | 36.50M | 47.00M | 127.60M | 11.70M | -174.30M | 42.50M | 53.10M | 47.80M | 29.40M | 18.90M | 16.70M | 20.50M | 70.50M | 33.60M | 64.00M | 72.00M | -92.00M | -17.00M | -181.00M | 1.00M | -152.00M |
| Net Income | 502.00M | -190.80M | -340.60M | 708.70M | 414.50M | -141.20M | 627.20M | 412.50M | 297.60M | 312.70M | 321.80M | 207.40M | 89.00M | 86.50M | 470.00M | -555.30M | 407.40M | 673.20M | 290.10M | 418.70M | 280.60M | 748.10M | -259.30M | 407.90M | 121.00M | 82.20M | 39.30M | 4.90M | 84.10M | -23.20M | 70.40M | 29.20M | 1.31B | 153.00M | 73.00M | 247.00M | 58.00M | 155.60M | -45.00M |
| Net Income Ratio | 23.17% | -16.48% | -36.05% | 60.02% | 46.40% | -38.26% | 167.79% | 30.32% | 16.45% | 12.46% | 13.89% | 8.52% | 6.78% | 2.42% | 10.57% | -18.79% | 8.61% | 14.04% | 6.26% | 9.20% | 7.37% | 17.87% | -8.02% | 48.09% | 21.41% | 14.22% | 12.51% | 1.47% | 37.83% | -10.15% | 18.77% | 10.45% | 381.69% | 35.33% | 2.09% | 6.67% | 1.48% | 4.21% | -1.34% |
| EPS | 198.63 | -67.51 | -111.95 | 227.72 | 130.02 | -42.25 | 146.06 | 82.24 | 50.60 | 51.21 | 51.89 | 30.50 | 9.26 | 10.12 | 53.11 | -54.54 | 37.96 | 62.51 | 26.96 | 42.28 | 26.48 | 88.61 | -41.93 | 53.08 | 20.35 | 13.38 | 5.98 | 0.66 | 9.36 | -2.46 | 6.07 | 4.80 | 49.41 | 3.08 | 0.99 | 4.73 | 0.91 | 2.35 | -0.68 |
| EPS Diluted | 198.63 | -67.51 | -111.95 | 227.72 | 130.02 | -42.25 | 146.06 | 82.19 | 50.60 | 51.21 | 51.89 | 30.50 | 9.26 | 10.12 | 53.10 | -54.54 | 37.89 | 62.32 | 26.56 | 39.92 | 23.63 | 80.75 | -41.93 | 52.84 | 20.35 | 11.94 | 5.40 | 0.60 | 9.16 | -2.46 | 5.68 | 4.79 | 40.01 | 3.03 | 0.99 | 4.73 | 0.91 | 2.35 | -0.68 |
| Weighted Avg Shares Out | 2.53M | 2.83M | 3.04M | 3.08M | 3.14M | 3.34M | 4.24M | 5.02M | 5.81M | 6.03M | 6.11M | 6.74M | 7.58M | 8.55M | 8.85M | 10.18M | 10.73M | 10.77M | 10.76M | 9.90M | 10.61M | 8.19M | 6.18M | 5.90M | 5.50M | 5.87M | 6.57M | 7.42M | 8.58M | 9.43M | 9.59M | 15.08M | 27.17M | 34.74M | 54.77M | 52.22M | 63.74M | 66.21M | 66.18M |
| Weighted Avg Shares Out (Dil) | 2.53M | 2.83M | 3.04M | 3.08M | 3.14M | 3.34M | 4.29M | 5.02M | 5.88M | 6.11M | 6.20M | 6.80M | 7.58M | 8.55M | 8.85M | 10.18M | 10.75M | 10.80M | 10.92M | 10.49M | 10.61M | 9.05M | 6.18M | 5.91M | 6.15M | 6.57M | 7.28M | 8.17M | 8.77M | 9.43M | 10.25M | 15.08M | 27.17M | 35.31M | 54.77M | 52.22M | 63.74M | 66.21M | 66.18M |
MediaAlpha Prices Secondary Offering
HAMILTON, Bermuda , May 7, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that MediaAlpha, Inc. ("MediaAlpha") priced an underwritten secondary public offering of 6,600,000 shares (not including 990,000 shares subject to the underwriters' option to purchase...
DAVID MONDRUS JOINS WHITE MOUNTAINS PARTNERS AS CHIEF FINANCIAL OFFICER AND FINANCIAL OPERATING PARTNER
NEW YORK , May 6, 2024 /PRNewswire/ -- White Mountains Partners, a White Mountains operating company, announced today that David Mondrus has joined its founding team as Chief Financial Officer and Financial Operating Partner. Prior to joining White Mountains Partners,...
GILES HARRISON TO JOIN WHITE MOUNTAINS AS EVP AND CHIEF STRATEGY OFFICER; LIAM CAFFREY NAMED PRESIDENT
HAMILTON, Bermuda , April 10, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Giles Harrison will become its Executive Vice President and Chief Strategy Officer on June 10, 2024.
White Mountains Insurance: Sum Of The Parts Points To Potential Upside
White Mountains Insurance Group has seen strong performance in its shares, rising over 38% in the past year. The company's investment portfolio is a primary driver of its growth, with net investment income and realized/unrealized gains contributing to its solid...
Reid T. Campbell Elected to the White Mountains Board
HAMILTON, Bermuda , Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Reid T.
White Mountains Declares Annual Dividend
HAMILTON, Bermuda , Feb. 23, 2024 /PRNewswire/ -- At its regular meeting held on February 22, 2024, the Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) declared a $1.00 per share annual dividend, payable in cash on...
ZACHARY MATTLER JOINS WHITE MOUNTAINS PARTNERS AS PRINCIPAL
NEW YORK , Feb. 12, 2024 /PRNewswire/ -- White Mountains Partners announced today that Zachary ("Zack") Mattler has joined its founding team as a Principal. Prior to joining White Mountains Partners, Zack was a Vice President at J.F.
WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS
HAMILTON, Bermuda , Feb. 7, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,656 and adjusted book value per share of $1,704 as of December 31, 2023.
White Mountains Renews Lead Commitment in Ark-Sponsored Reinsurance Sidecar
HAMILTON, Bermuda , Dec. 21, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that Ark Insurance Holdings Limited ("Ark"), its specialty property and casualty reinsurance and insurance subsidiary, has renewed Outrigger Re Ltd.
Sage Advisory Services Adds Kudu Investment Management as Minority Partner
AUSTIN, Texas and NEW YORK , Dec. 13, 2023 /PRNewswire/ -- Sage Advisory Services, Ltd. (Sage), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and Kudu Investment Management,...
Source: https://incomestatements.info
Category: Stock Reports
How has White Mountains’ earnings per share grown?
Outstandingly, White Mountains Insurance Group’s EPS shot from US$98.07 to US$252, over the last year. It’s not often a company can achieve year-on-year growth of 157%.
How has White Mountains’ book value per share changed?
(NYSE: WTM) reported book value per share of $1,722 and adjusted book value per share of $1,777 as of June 30, 2024. Book value per share and adjusted book value per share both decreased 1% in the second quarter of 2024 and increased 4% in the first six months of 2024, including dividends.