WTM

HANOVER, N.H. (AP) — HANOVER, N.H. (AP) — White Mountains Insurance Group Ltd. (WTM) on Wednesday reported a loss of $27.2 million in its first quarter. The Hanover, New Hampshire-based company said it had a loss of $12.59 per share. Earnings, adjusted for investment costs, were $12.59 per share. The insurer posted revenue of $517.8 million in the period. Its adjusted revenue was $519.7 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTM at https://www.zacks.com/ap/WTM

HAMILTON, Bermuda, May 6, 2026 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $2,170 as of March 31, 2026, a decrease of 1% for the first quarter of 2026, including dividends. Liam Caffrey, CEO, commented, "Book value per share ended the quarter at $2,170, down roughly 1% from year-end. Solid operating results were more than offset by a mark-to-market decline in our investment in MediaAlpha. Ark posted a 91% combined ratio and generated $1.1 billion of gross written premiums. Kudu grew adjusted EBITDA and produced a 12% return on equity on a trailing 12 months basis. HG Global assumed $8 million of gross written premiums and grew book value by 2%. Distinguished grew managed premiums by 7% year-over-year and has now launched four new programs since our acquisition. Excluding MediaAlpha, the investment portfolio returned 1.0%, ahead of benchmarks, with modest gains in both equities and fixed income. In February, we deployed $125 million of capital into Bishop Street Underwriters and more recently announced two acquisitions by WTM Partners. Including these deployments, undeployed capital is roughly $0.8 billion." Comprehensive income (loss) attributable to common shareholders was $(27) million in the first quarter of 2026 compared to $35 million in the first quarter of 2025. Results in the first quarter of 2026 included $11 million of net realized and unrealized investment gains compared to $87 million in the first quarter of 2025. Results in the first quarter of 2026 also included $65 million of unrealized investment losses from White Mountains's investment in MediaAlpha compared to $37 million in the first quarter of 2025. Ark/WM Outrigger The Ark/WM Outrigger segment's combined ratio was 91% in the first quarter of 2026 compared to 97% in the first quarter of 2025. Ark/WM Outrigger reported gross written premiums of $1,091 million, net written premiums of $590 million and net earned premiums of $374 million in the first quarter of 2026 compared to gross written premiums of $1,108 million, net written premiums of $728 million and net earned premiums of $358 million in the first quarter of 2025. Ark's combined ratio was 91% in the first quarter of 2026 compared to 94% in the first quarter of 2025. Ark's combined ratio in the first quarter of 2026 included seven points of catastrophe losses, driven by losses r...

HAMILTON, Bermuda, Feb. 6, 2026 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $2,188 as of December 31, 2025, an increase of 18% for the fourth quarter of 2025 and 25% for the year ended December 31, 2025, including dividends. Liam Caffrey, CEO, commented, "We had an excellent year, with BVPS growth of 18% in the quarter and 25% for the year. The largest contributor in both periods was the net gain from our sale of Bamboo, which added roughly $320 to BVPS in 2025. We also benefitted from solid results at our operating companies and good investment returns. For the year, Ark produced an 83% combined ratio and $2.6 billion of gross written premiums, up 16%. HG Global generated $61 million of gross written premiums, driven by a record year at BAM. Kudu produced a 13% return on equity and grew the fair value of its portfolio of participation contracts by 8% on a same store basis. Distinguished is off to a solid start under our ownership, generating managed premiums of $145 million in the quarter across both its scaled and growth programs. MediaAlpha's share price was up 14% in the quarter and 15% for the year. Excluding MediaAlpha, our investment portfolio returned 2.0% in the quarter and 8.9% for the year. During the quarter, we repurchased roughly $190 million of shares, inclusive of our self-tender offer. Including the distribution from WM Outrigger Re received in January, undeployed capital stands at roughly $1.0 billion." Comprehensive income (loss) attributable to common shareholders was $837 million and $1,109 million in the fourth quarter and year ended December 31, 2025 compared to $(131) million and $230 million in the fourth quarter and year ended December 31, 2024. For the year ended December 31, 2025, White Mountains recognized a net gain of $816 million from the Bamboo transaction, which includes the impact of parent company compensation costs recorded in general and administrative expenses. White Mountains also recognized a net deferred tax expense of $73 million in the fourth quarter of 2025 from the reversal of the deferred tax asset related to the Bermuda economic transition adjustment, of which $51 million was recorded at Ark and $22 million was recorded at HG Global. Due to the enactment of Pillar II legislation by Luxembourg in December 2025, White Mountains no longer expects to utilize th...

HANOVER, N.H. (AP) — HANOVER, N.H. (AP) — White Mountains Insurance Group Ltd. (WTM) on Friday reported net income of $835.8 million in its fourth quarter. On a per-share basis, the Hanover, New Hampshire-based company said it had profit of $327.23. Earnings, adjusted for investment costs, were $363.60 per share. The insurer posted revenue of $1.6 billion in the period. Its adjusted revenue was $674.4 million. For the year, the company reported profit of $1.11 billion, or $430.14 per share. Revenue was reported as $2.53 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTM at https://www.zacks.com/ap/WTM

HAMILTON, Bermuda, Dec. 24, 2025 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the final results of its "modified Dutch auction" tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 19, 2025. Based on the final count by the depositary for the tender offer, 64,064 shares were properly tendered and not properly withdrawn at or below the final purchase price of $2,050.00 per share. The Company is purchasing all validly tendered shares for approximately $131.3 million. The shares purchased in the tender offer represent approximately 2.5% of White Mountains's shares outstanding as of November 19, 2025. Payment for the shares purchased under the tender offer will be made promptly. The Company expects to have approximately 2,479,677 common shares outstanding as of the time immediately following payment for the accepted shares. Shareholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, D.F. King & Co., at (800) 821-2712 (toll free) or by email at [email protected]. The dealer managers for the tender offer were BofA Securities, Inc. and Barclays Capital Inc. White Mountains is traded on the New York Stock Exchange under the symbol "WTM" and the Bermuda Stock Exchange under the symbol "WTM-BH". FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking statements". All statements, other than statements of historical facts, included or referenced in this press release which address activities, events or developments which White Mountains expects or anticipates will or may occur in the future are forward-looking statements. The words "could", "will", "believe", "intend", "expect", "anticipate", "project", "estimate", "predict" and similar expressions are also intended to identify forward-looking statements. These statements are based on certain assumptions and analyses made by White Mountains in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate in the circumstances. However, whether actual results and developments will conform to its expectations and predictions is subject to risks and uncertainties that could cause actual results to differ materially from expect...

HAMILTON, Bermuda, Dec. 22, 2025 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the preliminary results of its "modified Dutch auction" tender offer to purchase up to $300 million in value of its common shares. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 19, 2025. Based on a preliminary count by the depositary for the tender offer, 67,186 shares were properly tendered and not properly withdrawn at or below the purchase price of $2,050 per share, including 16,589 shares that were tendered by notice of guaranteed delivery. The Company expects to purchase all validly tendered shares for approximately $137.7 million. The shares expected to be purchased in the tender offer represent approximately 2.6% of White Mountains's shares outstanding as of November 19, 2025. The number of shares expected to be purchased in the tender offer and the purchase price are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary and is based on the assumption that all shares tendered by notice of guaranteed delivery will be delivered within the one trading day settlement period. The final number of shares to be purchased and the final purchase price will be announced promptly following the expiration of the guaranteed delivery period and completion by the depositary of the confirmation process. Payments for shares accepted for purchase under the tender offer will be made promptly after the final results of the tender offer are announced. The Company expects to have approximately 2,476,555 common shares outstanding as of the time immediately following payment for the accepted shares. Shareholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, D.F. King & Co., at (800) 821-2712 (toll free) or by email at [email protected]. The dealer managers for the tender offer were BofA Securities, Inc. and Barclays Capital Inc. White Mountains is traded on the New York Stock Exchange under the symbol "WTM" and the Bermuda Stock Exchange under the symbol "WTM-BH". FORWARD-LOOKING STATEMENTS This press release may contain "forward-looking statements". All statements, other than statements of historical facts, included or referenced in this pres...

HAMILTON, Bermuda, Nov. 6, 2025 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,851 as of September 30, 2025, an increase of 3% for the third quarter of 2025 and 6% for the first nine months of 2025, including dividends. On October 2, 2025, White Mountains entered into an agreement to sell approximately 77% of its equity interest in Bamboo for cash to CVC Capital Partners and will retain the remainder. Including the expected fourth quarter impact from the closing of the transaction of approximately $325 per share, White Mountains's book value per share would be $2,176 as of September 30, 2025. Bamboo's assets and liabilities have been presented as held for sale in White Mountains's consolidated balance sheets as of September 30, 2025 and December 31, 2024. Manning Rountree, CEO, commented, "BVPS was up 3% in the quarter. We had good operating results and investment returns. Ark produced a 76% combined ratio and $366 million of gross written premiums in the quarter. HG Global generated $16 million of gross written premiums in the quarter and grew book value by 3%. Kudu produced a 9% return on equity on a trailing 12 months basis, growing both the fair value of its portfolio of participation contracts and EBITDA. Bamboo had another record quarter with continued strong growth in managed premiums and adjusted EBITDA. Our consolidated investment portfolio, excluding MediaAlpha, was up 2.0% with gains in both fixed income and equities. During the quarter, we closed our previously announced deployments at BroadStreet Partners and Distinguished Programs." Rountree continued, "In early October, we announced the sale of a control stake in Bamboo. Upon closing, the transaction will increase our book value per share by $325 and our undeployed capital position from roughly $0.3 billion to $1.1 billion." Comprehensive income (loss) attributable to common shareholders was $114 million and $272 million in the third quarter and first nine months of 2025 compared to $180 million and $361 million in the third quarter and first nine months of 2024. Results in the third quarter and first nine months of 2025 included $8 million and $2 million of unrealized investment gains from White Mountains's investment in MediaAlpha compared to $88 million and $160 million of net realized and unrealized investment gains in the third quarte...

HANOVER, N.H. (AP) — HANOVER, N.H. (AP) — White Mountains Insurance Group Ltd. (WTM) on Thursday reported net income of $113.8 million in its third quarter. On a per-share basis, the Hanover, New Hampshire-based company said it had net income of $44.18. Earnings, adjusted for investment costs, came to $72.21 per share. The insurer posted revenue of $864.2 million in the period. Its adjusted revenue was $772.8 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTM at https://www.zacks.com/ap/WTM

White Mountains Insurance Group reported second quarter 2025 earnings, showing revenue of US$689.2 million and net income of US$122.9 million, reversing a net loss a year earlier. This turnaround in profitability came alongside revenue growth of nearly US$294 million, signaling substantial operational momentum for the company. We'll explore how this significant improvement in quarterly earnings shapes White Mountains Insurance Group's investment narrative going forward. These 13 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch. For those considering White Mountains Insurance Group, the core question is whether you see value in its ability to drive consistent operational recoveries following periods of volatility. The Q2 2025 results, with revenue rebounding to US$689.2 million and a swing to a US$122.9 million profit, bring renewed optimism after weaker recent quarters and a challenging year-to-date stock return. This turnaround may provide short-term lift to sentiment and ease concerns about last year's margin declines and nonrecurring losses. However, valuation remains elevated compared to peers, and White Mountains' future trajectory depends on its capacity to maintain this profit momentum without one-off items clouding visibility. While recent results shift short-term catalysts toward further earnings improvement, risk factors such as ongoing volatility and underperformance versus broader insurance peers persist and cannot be ignored. But a recent index exclusion could signal risks beyond the recent profit recovery. White Mountains Insurance Group's share price has been on the slide but might be up to 32% below fair value. Find out if it's a bargain. Only one Simply Wall St Community fair value estimate is available, at US$1,387.79 per share, differing from the latest market price and historical performance. Given this single viewpoint, you might find a variety of opinions elsewhere as investors weigh ongoing volatility and how it could shape White Mountains Insurance Group’s prospects. Explore another fair value estimate on White Mountains Insurance Group - why the stock might be worth 24% less than the current price! Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come fr...

HANOVER, N.H. (AP) — HANOVER, N.H. (AP) — White Mountains Insurance Group Ltd. (WTM) on Thursday reported profit of $122.9 million in its second quarter. On a per-share basis, the Hanover, New Hampshire-based company said it had profit of $47.75. Earnings, adjusted for investment costs, came to $83.75 per share. The insurer posted revenue of $689.2 million in the period. Its adjusted revenue was $564.4 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTM at https://www.zacks.com/ap/WTM

HAMILTON, Bermuda, Aug. 7, 2025 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,804 as of June 30, 2025, an increase of 3% for both the second quarter of 2025 and the first six months of 2025, including dividends. Manning Rountree, CEO, commented, "BVPS was up 3% in the quarter. We had sound results at our operating companies and good investment returns. Ark produced an 85% combined ratio and $815 million of gross written premiums in the quarter, up 17% year-over-year. HG Global generated $19 million of gross written premiums, a record second quarter, and grew book value by 2%. Kudu managed flattish results under volatile market conditions. Bamboo had a record quarter, with significant growth in managed premiums and adjusted EBITDA. MediaAlpha's share price increased 19% in the quarter, producing a $31 million mark-to-market gain. Excluding MediaAlpha, our investment portfolio was up 2.3%. In July, we announced our acquisition of Distinguished Programs and closed our transaction with BroadStreet Partners. Including these deployments, undeployed capital now stands at roughly $300 million." Comprehensive income (loss) attributable to common shareholders was $124 million and $159 million in the second quarter and first six months of 2025 compared to $(55) million and $182 million in the second quarter and first six months of 2024. Results in the second quarter and first six months of 2025 included $31 million and $(6) million of unrealized investment gains (losses) from White Mountains's investment in MediaAlpha compared to $(139) million and $72 million of net realized and unrealized investment gains (losses) in the second quarter and first six months of 2024. Ark/WM Outrigger The Ark/WM Outrigger segment's combined ratio was 84% and 90% in the second quarter and first six months of 2025 compared to 87% and 89% in the second quarter and first six months of 2024. Ark/WM Outrigger reported gross written premiums of $815 million and $1,923 million, net written premiums of $579 million and $1,306 million and net earned premiums of $364 million and $722 million in the second quarter and first six months of 2025 compared to gross written premiums of $697 million and $1,569 million, net written premiums of $503 million and $1,101 million and net earned premiums of $318 million and $621 million in the second quarte...

HAMILTON, Bermuda, May 7, 2025 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,752 as of March 31, 2025, a slight increase for the first quarter of 2025, including dividends. Manning Rountree, CEO, commented, "Book value per share ended the quarter at $1,752, up slightly. We had solid operating results and good investment returns, partially offset by the share price decline at MediaAlpha. Ark posted a 94% combined ratio and wrote $1.1 billion of gross written premiums, up 27% year-over-year. HG Global generated $7 million of gross written premiums and grew equity by 3% in the quarter. At Kudu, trailing 12 months EBITDA increased, and the fair value of the portfolio grew 4% on a same store basis. Bamboo delivered another great quarter, doubling managed premiums on a trailing 12 months basis and tripling MGA adjusted EBITDA year-over-year, while also successfully renewing its largest reinsurance program. MediaAlpha's share price declined 18% in the quarter, producing a $37 million mark-to-market loss. Excluding MediaAlpha, the investment portfolio returned 2.3%, with gains in both equities and fixed income. In April, we made new capital deployments into BroadStreet Partners and Enterprise Solutions, our first acquisition at WTM Partners. Including these deployments and expected operating company distributions, undeployed capital now stands at roughly $550 million." Subsequent to the deconsolidation of BAM on July 1, 2024, the BAM surplus notes are carried at fair value under GAAP, and there is no longer a time value of money adjustment for adjusted book value purposes. As a result of this change, there was only one remaining adjustment to book value: the add back of the unearned premium reserve, net of deferred acquisition costs, at HG Global. Accordingly, White Mountains determined that it will no longer report adjusted book value per share beginning in 2025. The value of the net unearned premium reserve will continue to be disclosed within the HG Global segment reporting. Comprehensive income attributable to common shareholders was $35 million in the first quarter of 2025 compared to $236 million in the first quarter of 2024. Results in the first quarter of 2025 included $37 million of unrealized investment losses from White Mountains's investment in MediaAlpha compared to $211 million of unrealized inves...