Welcome to our dedicated page for White Mountains Insurance Group Ltd. news (Ticker: WTM), a resource for investors and traders seeking the latest updates and insights on White Mountains Insurance Group Ltd. stock.
White Mountains Insurance Group Ltd. (NYSE: WTM) offers comprehensive insurance services across diverse sectors in the United States through its subsidiaries. The company operates through four main segments:
- HG Global/BAM: Provides insurance on municipal bonds issued for public purposes such as schools, utilities, and transportation facilities, including reinsurance protection services.
- NSM: Functions as a general underwriting agency and program administrator for specialty property and casualty insurance, catering to sectors like specialty transportation, social services, and real estate.
- MediaAlpha: Operates a marketing technology platform that enables programmatic buying and selling of performance-based media across various verticals through cost-per-click, cost-per-call, and cost-per-lead pricing models.
- Kudu: Offers capital solutions to asset managers and registered investment advisors, enhancing their operational capabilities.
White Mountains is engaged in acquiring opportunistic and value-oriented businesses and assets in the insurance, financial services, and related sectors. Recent achievements include reporting increases in its book value per share and adjusted book value per share, as well as significant gains from investments such as MediaAlpha.
Additionally, the company has expanded its portfolio with strategic acquisitions including Bamboo, an insurance distribution platform focused on the California homeowners' insurance market. The acquisition and efficient management of its diverse subsidiaries underscore White Mountains' robust financial condition and strategic growth trajectory.
Rhea-AI Summary
White Mountains Insurance Group, Ltd. (NYSE: WTM) reported a book value per share of $1,532 and adjusted book value per share of $1,576 as of June 30, 2023. Both book value per share and adjusted book value per share increased 1% in the second quarter of 2023 and 5% and 6% in the first six months ended June 30, 2023, including dividends. Comprehensive income attributable to common shareholders was $21 million and $201 million in the second quarter and first six months of 2023 compared to $(174) million and $(143) million in the second quarter and first six months of 2022. The Ark/WM Outrigger segment's combined ratio was 87% and 89% in the second quarter and first six months of 2023. Kudu reported total revenues of $19 million, pre-tax income of $10 million, and adjusted EBITDA of $12 million in the second quarter of 2023 compared to total revenues of $(4) million, pre-tax loss of $10 million, and adjusted EBITDA of $11 million in the second quarter of 2022.
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White Mountains Insurance Group, Ltd. announces the final results of the tender offer for shares of MediaAlpha, Inc.
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White Mountains Insurance Group, Ltd. announces the preliminary results of the cash tender offer for up to 5,000,000 shares of MediaAlpha, Inc. common stock.
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FAQ
What is the current stock price of White Mountains Insurance Group Ltd. (WTM)?
The current stock price of White Mountains Insurance Group Ltd. (WTM) is $1930.9 as of December 20, 2024.
What is the market cap of White Mountains Insurance Group Ltd. (WTM)?
The market cap of White Mountains Insurance Group Ltd. (WTM) is approximately 4.9B.
What are the primary business segments of White Mountains Insurance Group Ltd.?
White Mountains operates through four main segments: HG Global/BAM, NSM, MediaAlpha, and Kudu.
What services does the HG Global/BAM segment provide?
The HG Global/BAM segment offers insurance on municipal bonds for public purposes and reinsurance protection services.
What is the focus of the NSM segment?
The NSM segment focuses on specialty property and casualty insurance, acting as a general underwriting agency and program administrator for sectors like specialty transportation, social services, and real estate.
What does MediaAlpha specialize in?
MediaAlpha operates a marketing technology platform that facilitates programmatic buying and selling of performance-based media through various pricing models.
What capital solutions does the Kudu segment provide?
The Kudu segment offers capital solutions to asset managers and registered investment advisors to enhance their operational capabilities.
What recent acquisitions has White Mountains made?
White Mountains recently acquired Bamboo, an insurance distribution platform focused on the California homeowners' insurance market.
How has White Mountains' financial performance been recently?
White Mountains reported increases in both its book value per share and adjusted book value per share, along with significant gains from its investments, notably MediaAlpha.
What is the significance of the MediaAlpha platform?
MediaAlpha's platform enables programmatic buying and selling of performance-based media, significantly contributing to White Mountains' diversified revenue streams.
What is White Mountains’ strategy for growth?
White Mountains focuses on acquiring value-oriented businesses and assets in the insurance and financial services sectors, enhancing growth through strategic management and investments.
Where is White Mountains Insurance Group Ltd. domiciled?
White Mountains is domiciled in Bermuda and trades on both the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM.
White Mountains Insurance Group Ltd.
NYSE:WTM
WTM Rankings
WTM Stock Data
4.85B
2.49M
3.11%
90.31%
1.53%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
United States of America
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