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Mar 31, 2024
White Mountains Q1 2024 Earnings Report
Reported a good first quarter with ABVPS up 6%, driven by MediaAlpha and solid operating and investment results.
Key Takeaways
White Mountains reported a strong first quarter in 2024, with a 6% increase in adjusted book value per share. The company benefited from unrealized gains in MediaAlpha and solid performance across its operating segments, including Ark, BAM, Kudu, and Bamboo.
Adjusted book value per share increased by 6% in Q1 2024.
MediaAlpha's share price increase resulted in a $211 million unrealized gain.
Ark delivered a 94% combined ratio with an 8% increase in gross written premiums.
Bamboo's managed premiums more than tripled year-over-year.
White Mountains
White Mountains
White Mountains Revenue by Segment
Revenue by Segment
P&C Insurance and Reinsurance Revenue
CapyFin.comFinancial Guarantee Revenue
CapyFin.comAsset Management Revenue
CapyFin.comP&C Insurance Distribution Revenue
CapyFin.comOther Operations Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income