White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance services in the United States. The company operates through HG Global/BAM, Ark, NSM, Kudu, and Other Operations segments. 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, accident and health, energy, marine, and political risks. The NSM segment operates as a general underwriting agency and program administrator for specialty property and casualty insurance to various sectors, such as 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, growth finances, and legacy partner liquidity. The Other Operations segment offers insurance solutions to travel industry through broker channel; 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.
IPO Year:
Exchange: NYSE
Website: whitemountains.com
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SAUSALITO, Calif. and NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Revelation Partners (Revelation), a leading investment manager in the healthcare secondaries market, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, today announced that Kudu has made a minority investment in Revelation. Financial terms were not disclosed. Sausalito, California-based Revelation manages more than $1.5 billion of committed capital and provides liquidity and growth capital to investors, companies, limited partners and general partners across the private healthcare market. Revelation remains employee-owned and controlled, and th
With a three-year revenue growth of 309 percent, Bamboo Insurance ranks among America's Fastest-Growing Private Companies. MIDVALE, Utah, Aug. 13, 2024 /PRNewswire/ -- Inc. announced today Bamboo Insurance has earned the No. 1,680 spot on the Inc. 5000 2024, its esteemed list of the fastest-growing private companies in America. This prestigious ranking offers a data-driven look at the most successful independent and entrepreneurial companies that have driven rapid revenue growth while navigating inflationary pressure and the rising costs of capital. "Being included on the Inc.
HAMILTON, Bermuda, Aug. 7, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (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. Manning Rountree, CEO, commented, "ABVPS was down 1% in the quarter, due primarily to our investment in MediaAlpha. Excluding MediaAlpha, ABVPS was up 2%, driven by solid results at our operating companies and good investment returns. Ark produced an 89% combined ratio and $697 million of gross written premiums in the
HAMILTON, Bermuda, May 20, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) will hold its Annual Investor Information Meeting on: Date: Friday, 7 June, 2024 Time: 10:00 a.m. (Eastern Time) Location: Mandarin Ballroom, 36th Floor Mandarin Oriental Hotel 80 Columbus Circle at 60th Street New York NY 10023 Investors and other interested parties can participate either in person or via Webcast. Manning Rountree, CEO, said, "We will discuss White Mountains's operations and our outlook for the Company. Following a short presentation, my partners and I will answer your questions." For your convenience we have also posted this announcement and the Webcast instructions on the
HAMILTON, Bermuda, May 10, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that MediaAlpha, Inc. ("MediaAlpha") closed its previously announced underwritten secondary public offering of 7,590,000 shares (including 990,000 shares sold pursuant to the underwriters' option to purchase additional shares) of its Class A common stock by certain selling stockholders. The shares of Class A common stock were sold to the public at a price of $19.00 per share. MediaAlpha did not sell any shares of Class A common stock in the offering. White Mountains sold 5,000,200 shares in the offering and received net cash proceeds of approximately $90 million from the offerin
HAMILTON, Bermuda, May 9, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) reported book value per share of $1,742 and adjusted book value per share of $1,797 as of March 31, 2024. Book value per share and adjusted book value per share increased 5% and 6% in the first quarter of 2024, including dividends. Manning Rountree, CEO, commented, "We had a good first quarter, with ABVPS up 6%. Our position in MediaAlpha was a key driver. Away from MediaAlpha, we had solid operating and investment results. Ark delivered a 94% combined ratio while writing $872 million of gross written premiums in the quarter, up 8% year-over-year. BAM produced $22 million of gross written p
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 additional shares) of its Class A common stock by certain selling stockholders. The shares of Class A common stock are being sold to the public at a price of $19.00 per share. MediaAlpha is not offering any shares of Class A common stock in the offering. In the offering, 4,348,000 shares are being offered by White Mountains. White Mountains will receive net cash proceeds of about $79 million from th
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, David was a Finance Director at The Riverside Company, a private equity firm focused on acquiring growing companies in the lower middle market. David began his career at KPMG LLP in the Assurance practice and is a registered Certified Public Accountant. John J. Daly, White Mountains Partners' CEO and Managing Partner, said, "We are excited to welcome David to our growing team. He brings a wealth of experience in financial man
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. Since 2015, Mr. Harrison has served in various capacities at Zurich Insurance Company Ltd., most recently as Chief Financial Officer of its subsidiary, Farmers Group, Inc. Prior to joining Zurich, Mr. Harrison was an insurance sector investment banker for 20 years and advised White Mountains on numerous projects in such capacity. White Mountains also announced today that Liam Caffrey has been named President of White Mountains. Mr. Caffrey will continue to serve as Chief
HAMILTON, Bermuda, Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE:WTM) has elected Reid T. Campbell as a director of the Company. Mr. Campbell's election to the Board follows his retirement as President of the Company after a distinguished thirty-year career at White Mountains. CEO Manning Rountree said, "I thank Reid for the substantial value he has created for shareholders over many years as a key member of the White Mountains management team. And I welcome Reid to our Board of Directors, where we will continue to benefit from his knowledge and expertise." About White Mountains White Mountains is a Bermuda-domiciled financial services h
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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. Since 2015, Mr. Harrison has served in various capacities at Zurich Insurance Company Ltd., most recently as Chief Financial Officer of its subsidiary, Farmers Group, Inc. Prior to joining Zurich, Mr. Harrison was an insurance sector investment banker for 20 years and advised White Mountains on numerous projects in such capacity. White Mountains also announced today that Liam Caffrey has been named President of White Mountains. Mr. Caffrey will continue to serve as Chief
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HAMILTON, Bermuda, Aug. 7, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (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. Manning Rountree, CEO, commented, "ABVPS was down 1% in the quarter, due primarily to our investment in MediaAlpha. Excluding MediaAlpha, ABVPS was up 2%, driven by solid results at our operating companies and good investment returns. Ark produced an 89% combined ratio and $697 million of gross written premiums in the
HAMILTON, Bermuda, May 9, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) reported book value per share of $1,742 and adjusted book value per share of $1,797 as of March 31, 2024. Book value per share and adjusted book value per share increased 5% and 6% in the first quarter of 2024, including dividends. Manning Rountree, CEO, commented, "We had a good first quarter, with ABVPS up 6%. Our position in MediaAlpha was a key driver. Away from MediaAlpha, we had solid operating and investment results. Ark delivered a 94% combined ratio while writing $872 million of gross written premiums in the quarter, up 8% year-over-year. BAM produced $22 million of gross written p
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 March 20, 2024, to holders of record of Common Shares as of the close of business on March 11, 2024. About White Mountains White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbols WTM and WTM.BH, respectively. Additional financial information and other items of interest are available at the Company's web site located at www.whitemountains.com. CONTACT: Ro
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. Book value per share and adjusted book value per share both increased 7% in the fourth quarter of 2023 and 14% in the year ended December 31, 2023, including dividends. Manning Rountree, CEO, commented, "We had a strong fourth quarter to cap off a good year. ABVPS was up 7% in the quarter and 14% for the full year. In the quarter, we had good results from our operating companies and excellent returns in our investment portfolio. BAM produced $48 million of gross written premiums and
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. Book value per share and adjusted book value per share both increased 1% in the second quarter of 2023 and increased 5% and 6% in the first six months ended June 30, 2023, including dividends. Manning Rountree, CEO, commented, "ABVPS was up 1% in the quarter. BAM generated $26 million of total gross written premiums and member surplus contributions in the quarter; year over year primary market issuance is down, while pricing is up. Ark produced an 89% combined ratio and grew premiums 50% ye
HAMILTON, Bermuda, May 9, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) reported book value per share of $1,522 and adjusted book value per share of $1,567 as of March 31, 2023. Book value per share and adjusted book value per share both increased 5% in the first quarter of 2023. Manning Rountree, CEO, commented, "We had a good first quarter. ABVPS was up 5%, driven by positive returns from our investment portfolio and solid results at our operating companies. BAM produced $21 million of gross written premiums and member surplus contributions in the quarter. Ark achieved a 94% combined ratio and, supported by increased reinsurance capacity from Outrigger Re, wrote
HAMILTON, Bermuda, Feb. 24, 2023 /PRNewswire/ -- At its regular meeting held on February 23, 2023, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 22, 2023, to holders of record of Common Shares as of the close of business on March 13, 2023. About White Mountains White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM. Additional financial information and other items of interest are available at the Company's web site located at www.whitemountains.com. CONTACT: Rob Seelig (603) 640-2202 View origin
HAMILTON, Bermuda, Feb. 7, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) reported book value per share of $1,457 and adjusted book value per share of $1,495 as of December 31, 2022. Book value per share and adjusted book value per share increased 1% and 2% in the fourth quarter of 2022. Book value per share and adjusted book value per share increased 24% and 26% in the year ended December 31, 2022, including dividends, driven primarily by the net gain from the sale of NSM. Manning Rountree, CEO, commented, "We had a solid fourth quarter capping an excellent year. ABVPS was up 2% in the quarter and 26% for the full year. In the quarter, we had good results from our
HAMILTON, Bermuda, Nov. 7, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) reported book value per share of $1,439 and adjusted book value per share of $1,471 as of September 30, 2022. Book value per share and adjusted book value per share both increased 28% in the third quarter of 2022. Book value per share and adjusted book value per share increased 23% and 24% in the first nine months of 2022, including dividends. The increase in book value per share and adjusted book value per share was driven primarily by the net gain from the sale of NSM. Manning Rountree, CEO, commented, "ABVPS was up 28% in the quarter. The main driver was the gain on our sale of NSM, which
HAMILTON, Bermuda, Aug. 8, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE:WTM) reported book value per share of $1,129 and adjusted book value per share of $1,152 as of June 30, 2022. Book value per share and adjusted book value per share decreased 5% and 4% in the second quarter of 2022 and 4% and 3% in the first six months of 2022, including dividends. On August 1, 2022, White Mountains closed the previously announced sale of 100% of its equity interest in NSM for cash to an affiliate of The Carlyle Group, Inc. (the "NSM Transaction"). Including the estimated net gain of $300 per share from the NSM Transaction, book value per share would be approximately $1,429 and adj
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White Mountains Insurance (NYSE:WTM) reported quarterly earnings of $92.33 per share. This is a 32.22 percent increase over earnings of $69.83 per share from the same period last year. The company reported $647.30 million in sales this quarter. This is a 21.70 percent increase over sales of $531.90 million the same period last year.
White Mountains Insurance (NYSE:WTM) reported quarterly earnings of $111.87 per share. This is a 613 percent increase over earnings of $15.69 per share from the same period last year. The company reported $736.80 million in sales this quarter. This is a 68.37 percent increase over sales of $437.60 million the same period last year.
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Tian Ruixiang Holdings (NASDAQ:TIRX) shares increased by 8.8% to $0.69 during Thursday's regular session. Trading volume for Tian Ruixiang Holdings's stock is 20.9K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.0 million. Abacus Life (NASDAQ:ABL) stock moved upwards by 6.8% to $9.53. Abacus Life's stock is trading at a volume of 23.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $585.9 million. Huiz
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Abacus Life (NASDAQ:ABL) stock increased by 10.09% to $7.6 during Tuesday's regular session. Trading volume for Abacus Life's stock is 208.7K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $460.5 million. Abacus Life (NASDAQ:ABLLL) shares rose 9.66% to $27.39. The current volume of 417 shares is 0% of Abacus Life's average full-day volume over the last 100 days (last updated at 12:40 EST). BRP Group (NASDAQ:BRP) stock rose 7.94% to $20.93. The current volume of 368.2K shares is 0% of BRP Group's a
White Mountains Insurance (NYSE:WTM) reported quarterly earnings of $9.19 per share. This is a 97.01 percent decrease over earnings of $306.93 per share from the same period last year. The company reported $519.60 million in sales this quarter. This is a 35.59 percent increase over sales of $383.20 million the same period last year.
White Mountains Insurance Group, Ltd. (NYSE:WTM) has agreed to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC, an MGA focused on the California homeowners insurance market. White Mountains expects to invest ~$285 million, including primary capital to support Bamboo's growth, and to acquire ~70% of Bamboo basic shares outstanding. Bamboo, launched in 2018 by John Chu, provides homeowners' insurance for over 100,000 California policyholders, using its technology-enabled underwriting platform to select and manage risk. They've grown profitably in California and plan to expand to other states. John Chu, a seasoned insurance executive, and Bamboo's current management will con
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers American Coastal (NASDAQ:ACIC) stock increased by 6.18% to $7.55 during Wednesday's regular session. As of 13:40 EST, this security is trading at a volume of 227.9K shares, making up 46.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $318.6 million. White Mountains Insurance (NYSE:WTM) shares moved upwards by 3.42% to $1504.26. Trading volume for White Mountains Insurance's stock is 6.7K as of 13:40 EST. This is 77.7% of its average full-day volume over the last 100 days. The company's market cap stands at $
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Oxbridge Re Holdings (NASDAQ:OXBR) shares increased by 13.57% to $1.59 during Monday's regular session. As of 13:40 EST, Oxbridge Re Holdings's stock is trading at a volume of 52.0K, which is 229.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.4 million. Conifer Holdings (NASDAQ:CNFR) shares rose 7.79% to $1.24. Trading volume for this security as of 13:40 EST is 3.8K, which is 107.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $17.8 million.
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Heritage Insurance Hldgs (NYSE:HRTG) shares rose 4.09% to $6.61 during Friday's regular session. The current volume of 227.1K shares is 116.3% of Heritage Insurance Hldgs's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at $166.1 million. Tian Ruixiang Holdings (NASDAQ:TIRX) shares rose 3.73% to $1.11. Tian Ruixiang Holdings's stock is trading at a volume of 1.3K shares as of 13:40 EST. This is 0.4% of its average full-day volume over the last 100 days. The company's market cap stands at $3.7