White Mountains Q2 2020 Earnings Report
Key Takeaways
White Mountains reported a good second quarter with a 4% increase in adjusted book value per share to $1,022, primarily driven by a 6.5% return on the investment portfolio. Several business segments, including BAM, NSM, Kudu, and MediaAlpha, showed strong performance.
Adjusted book value per share increased by 4% to $1,022, driven by a 6.5% return on the investment portfolio.
BAM had its biggest quarter ever, writing $43 million of direct premiums and member surplus contributions.
NSM saw 2% organic growth in controlled premiums and closed the Kingsbridge acquisition.
Kudu benefited from the rebound in investment markets and closed the Sequoia transaction.
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White Mountains Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income