See more : Saltbae Capital Corp. (CECBF) Income Statement Analysis – Financial Results
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 |
WHITE MOUNTAINS REPORTS THIRD QUARTER RESULTS
HAMILTON, Bermuda , Nov. 6, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,542 and adjusted book value per share of $1,588 as of September 30, 2023.
WHITE MOUNTAINS LAUNCHES WHITE MOUNTAINS PARTNERS
JOHN J. DALY JOINS AS CEO AND MANAGING PARTNER HAMILTON, Bermuda , Oct. 25, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced that it has launched White Mountains Partners ("WM Partners"), a new, wholly-owned business unit that...
White Mountains to Acquire a Majority Stake in Bamboo
HAMILTON, Bermuda , Oct. 20, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that it has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC ("Bamboo"), an MGA...
BAM Insurance Policy Helps Connecticut Fund $398 Million Baby Bond Trust
NEW YORK--(BUSINESS WIRE)---- $WTM--The State of Connecticut used a debt service reserve fund insurance policy from Build America Mutual as part of a funding solution that allowed the state to launch the Connecticut Baby Bond Trust with an initial deposit...
WHITE MOUNTAINS REPORTS SECOND QUARTER RESULTS
HAMILTON, Bermuda , Aug. 7, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,532 and adjusted book value per share of $1,576 as of June 30, 2023.
European Private Credit Investor Apera Asset Management Adds Kudu Investment Management as Strategic Investor
NEW YORK and LONDON , July 25, 2023 /PRNewswire/ -- Apera Asset Management LLP (Apera), a U.K.-based pan-European private debt manager in the mid-market space, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset...
The 7 Lowest-Paying Dividend Stocks for Income Haters
The lowest-paying dividend stocks don't have the same cachet as their high-yielding counterparts. After all, if you are looking for your portfolio to generate steady returns and/or steady income, you obviously want to find the stocks that can provide the...
BAM Announces Kroll Bond Rating Agency Upgrades Fidus Re Series 2018-1 to AA-Plus
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency upgraded its rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) to AA+ and affirmed its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II). The transactions were sold...
Leading Canadian Private Credit Firm Third Eye Capital Receives Significant Backing From Kudu Investment Management
TORONTO and NEW YORK, Sept. 9, 2021 /PRNewswire/ -- Third Eye Capital (Third Eye), a leading Canadian private credit firm, is partnering with Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide.
S&P Global Ratings Affirms BAM's AA Rating and Stable Outlook
NEW YORK--(BUSINESS WIRE)--S&P Global Ratings published its full annual analysis of Build America Mutual and affirmed BAM's AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer. S&P's analysts found that municipal bond investors have...
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.