White Mountains Insurance Group Ltd (N:WTM)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 23 South Main Street, 80 South Main St HANOVER NH 03755 |
| Tel: | N/A |
| Website: | https://www.whitemountains.com |
| IR: | See website |
| Key People | ||
| Liam P. Caffrey President, Chief Financial Officer | George Manning Rountree Chief Executive Officer, Director | Robert L. Seelig Executive Vice President, General Counsel |
| Giles E. Harrison Executive Vice President, Chief Strategy Officer | Michaela J. Hildreth Chief Accounting Officer, Managing Director | |
| Business Overview |
| White Mountains Insurance Group, Ltd. is a financial service holding company. The Company is engaged in the acquisition of businesses and assets in the insurance, financial services, and related sectors, operating these businesses and assets through its subsidiaries and disposing of these businesses and assets. The Company's segments include HG Global/BAM, Ark/WM Outrigger and Kudu. The Company conducts its business primarily in four areas: municipal bond insurance, property and casualty insurance and reinsurance, capital solutions for asset and wealth management firms and other operations. Its municipal bond insurance business is conducted through its subsidiary HG Global Ltd. Its property and casualty insurance and reinsurance business are conducted through its subsidiary Ark Insurance Holdings Limited and its subsidiaries. The Company, through its subsidiary, Kudu Investment Management, LLC, and its subsidiaries, provides capital solutions for asset and wealth management firms. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, White Mountains Insurance Group Ltd revenues increased 87% to $2.17B. Net income applicable to common stockholders excluding extraordinary items totaled $502M vs. loss of $108.4M. Revenues reflect Ark segment increase of 43% to $1.44B, Other Operation segment increase from $76.3M to $339.4M. Net Income reflects Cost of sales decrease of 59% to $40.4M (expense), Selling/General/Admin. |
| Employees: | 782 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,067M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,167M as of Dec 31, 2023 |
| EBITDA (TTM): | $925.40M as of Dec 31, 2023 |
| Net annual income (TTM): | $502.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $401.50M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $442.20M as of Dec 31, 2023 |
| Shares outstanding: | 2,565,733 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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