NYSE$WTM
White Mountains Insurance Group Ltd · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported an increase in adjusted book value per share, driven by investment portfolio returns and strong performance across several business segments.
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.
Headline financials
Revenue & EPS history
White Mountains · Revenue · Quarterly
$260M
Revenue by segment
White Mountains · $184M total across 3 segments · Q2 2020
- Other Operations$135M—73.7%
- Financial Guarantee$26.1M—14.2%
- Asset Management$22.1M—12.0%
Forward guidance
No specific forward guidance was provided in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.3%
Avg return
30 days after
51%
34 / 67 earnings
Positive
+8.3%
Q1 2022
Best reaction
-4.2%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -0.9% | -4.2% | |
| Q4 2025 | +2.5% | +0.8% | +1.8% | |
| Q3 2025 | -0.2% | +1.5% | +7.2% | |
| Q1 2025 | +0.9% | -0.8% | -2.7% | |
| Q4 2024 | -3.4% | -7.3% | -4.4% | |
| Q3 2024 | +5.8% | +7.4% | +11.8% | |
| Q2 2024 | -3.0% | -4.5% | +0.2% | |
| Q1 2024 | -1.4% | -6.1% | -6.1% | |
| Q4 2023 | +1.3% | +6.1% | +9.4% | |
| Q3 2023 | -0.4% | +3.3% | +0.1% | |
| Q2 2023 | -0.5% | +0.1% | -1.7% | |
| Q1 2023 | +0.3% | -1.9% | -0.8% | |
| Q4 2022 | +1.8% | +2.6% | -6.7% | |
| Q3 2022 | +0.8% | -1.3% | -3.7% | |
| Q2 2022 | +0.9% | +3.6% | +10.1% | |
| Q1 2022 | +8.3% | +7.6% | +19.3% | |
| Q4 2021 | +2.0% | +2.1% | +1.7% | |
| Q3 2021 | +2.5% | +2.7% | -6.3% | |
| Q2 2021 | +1.7% | +1.1% | -0.2% | |
| Q1 2021 | -3.2% | -4.0% | -8.7% | |
| Q4 2020 | +3.0% | +9.6% | +10.3% | |
| Q3 2020 | +0.4% | -2.5% | +3.8% | |
| Q2 2020 | +7.7% | +3.2% | -0.2% | |
| Q4 2019 | +0.5% | +0.8% | -11.8% | |
| Q3 2019 | +0.8% | +1.7% | +1.6% | |
| Q2 2019 | +1.7% | +2.7% | +1.1% | |
| Q1 2019 | -0.9% | +2.7% | +5.5% | |
| Q4 2018 | +1.1% | +3.3% | +2.9% | |
| Q3 2018 | +1.0% | +0.8% | +6.1% | |
| Q2 2018 | +0.3% | +0.7% | -1.3% | |
| Q1 2018 | -0.0% | -0.4% | +4.2% | |
| Q4 2017 | -3.0% | +0.1% | +2.6% | |
| Q3 2017 | +1.8% | +0.4% | -1.1% | |
| Q2 2017 | -0.5% | -1.3% | +2.0% | |
| Q1 2017 | +1.7% | +0.8% | +1.3% | |
| Q4 2016 | -2.0% | -1.2% | +1.5% | |
| Q3 2016 | -0.2% | -0.3% | +3.2% | |
| Q2 2016 | +0.6% | +1.1% | +0.9% | |
| Q1 2016 | -0.1% | — | — | |
| Q4 2015 | +6.0% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | +3.5% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -1.2% | — | — | |
| Q3 2014 | -1.8% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | -4.2% | — | — | |
| Q1 2012 | +1.9% | — | — | |
| Q4 2011 | -0.4% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2011 | +0.7% | — | — | |
| Q1 2010 | -2.0% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2008 | -0.8% | — | — | |
| Q4 2010 | -0.8% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q3 2009 | +1.4% | — | — | |
| Q2 2010 | -1.8% | — | — | |
| Q4 2009 | -1.8% | — | — | |
| Q2 2009 | -1.8% | — | — |
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