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Jun 30, 2024
White Mountains Q2 2024 Earnings Report
Reported a decrease in book value per share and adjusted book value per share, driven by investment in MediaAlpha, but solid results at operating companies and good investment returns partially offset this.
Key Takeaways
White Mountains reported a decrease in book value per share and adjusted book value per share for Q2 2024, primarily due to its investment in MediaAlpha. Excluding MediaAlpha, the company experienced growth driven by solid results in operating companies and good investment returns. Ark produced an 89% combined ratio with gross written premiums increasing by 15% year-over-year. BAM also saw growth, with total gross written premiums and member surplus contributions up 7% year-over-year.
Adjusted book value per share decreased by 1%, primarily due to MediaAlpha investment.
Excluding MediaAlpha, adjusted book value per share increased by 2% driven by solid performance at operating companies and strong investment returns.
Ark's combined ratio was 89% with gross written premiums up 15% year-over-year.
BAM's total gross written premiums and member surplus contributions increased by 7% year-over-year.
White Mountains
White Mountains
White Mountains Revenue by Segment
Revenue by Segment
Financial Guarantee Revenue
CapyFin.comAsset Management 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