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Dec 31, 2023
White Mountains Q4 2023 Earnings Report
Reported strong Q4 results with growth in ABVPS and excellent investment returns.
Key Takeaways
White Mountains reported a strong fourth quarter, with book value per share and adjusted book value per share both increasing by 7%. The company saw good results from its operating companies and excellent returns in its investment portfolio. The value of their MediaAlpha position grew significantly. Undeployed capital stands at roughly $500 million.
ABVPS was up 7% in the quarter and 14% for the full year.
BAM produced $48 million of gross written premiums and member surplus contributions in the quarter.
Ark produced good underwriting results in both the quarter and the full year, while growing full-year gross written premiums by 31%.
The investment portfolio was up 6% in the quarter and 11% for the year.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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