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Jun 30, 2023
White Mountains Q2 2023 Earnings Report
Reported an increase in adjusted book value per share and comprehensive income, driven by BAM, Ark, and Kudu's performance, while MediaAlpha's share price decline had a negative impact.
Key Takeaways
White Mountains reported a 1% increase in adjusted book value per share and a comprehensive income of $21 million for Q2 2023. The company's performance was driven by BAM, Ark, and Kudu, while MediaAlpha's share price decline negatively impacted results. Undeployed capital stands at roughly $680 million.
Adjusted book value per share was up 1% in the quarter.
BAM generated $26 million of total gross written premiums and member surplus contributions.
Ark produced an 89% combined ratio and grew premiums 50% year over year.
Kudu grew annualized adjusted EBITDA to $43 million and closed one new deployment in the quarter.
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.comOther Operations Revenue
CapyFin.com Forward Guidance
The report does not include forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income