See more : Cowealth Medical Holding Co., Ltd. (4745.TWO) 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 |
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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.