White Mountains Insurance Group Ltd
WTM
ISIN BMG9618E1075 / Valor 1012616
White Mountains Insurance Group Ltd
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About company
White Mountains Insurance Group Ltd is a company that focuses on owning and managing businesses and assets in the insurance and related financial services industries. With a core expertise in insurance and a strong focus on innovation, the company seeks to acquire sound businesses with strong management teams. White Mountains also offers financing to companies in various forms, either independently or in collaboration with trusted partners.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (24.12.2024):
Here are the requested paragraphs:Book Value Growth
White Mountains Insurance Group Ltd reported an increase in book value per share to $1,795 and adjusted book value per share to $1,883 as of September 30, 2024. This represents a growth of 4% and 6% respectively in the third quarter of 2024, and 9% and 11% for the first nine months of the year, including dividends.
Comprehensive Income
For the third quarter of 2024, White Mountains Insurance Group Ltd achieved comprehensive income attributable to common shareholders of $180 million, a significant increase from $23 million in the same period of 2023. The first nine months of 2024 saw comprehensive income of $361 million, compared to $224 million in the previous year.
Ark's Performance
Ark, a segment of White Mountains Insurance Group Ltd, reported a combined ratio of 79% in the third quarter of 2024, an improvement from 81% in the same quarter of 2023. Gross written premiums for Ark increased by 49% year-over-year to $374 million in the third quarter of 2024.
HG Global's Results
HG Global, part of White Mountains Insurance Group Ltd, reported gross written premiums of $14 million in the third quarter of 2024, consistent with the previous year. However, the segment experienced a pre-tax loss of $63 million, influenced by a $115 million loss on deconsolidation of BAM.
Kudu's Revenue Growth
Kudu, another segment of White Mountains Insurance Group Ltd, saw its total revenues rise to $47 million in the third quarter of 2024, up from $26 million in the same period of 2023. The segment's pre-tax income also increased to $38 million, reflecting strong performance and investment income.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6151 M
Market cap (USD)
675
Daily traded volume (Shares)
1930.58 / 1912
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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EPS (USD)
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Ratings & reviews
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