NYSE$WTM
White Mountains Insurance Group Ltd · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported a strong second quarter, with adjusted book value per share up 4%, driven by solid results across operating companies and an increase in MediaAlpha’s share price.
White Mountains Insurance Group reported a strong second quarter with a 4% increase in adjusted book value per share. Results were driven by solid performance across operating companies and an increase in MediaAlpha's share price. The company had $300 million in undeployed capital and expects this to increase in the third quarter.
- Adjusted book value per share increased by 4% due to strong results across operating companies and the increase in MediaAlpha’s share price.
- BAM produced $30 million of total premiums and member surplus contributions.
- Ark wrote $328 million of gross written premiums, up 78% year over year, and produced an 84% adjusted combined ratio.
- NSM generated growth in both pro forma controlled premiums and pro forma adjusted EBITDA.
Headline financials
Revenue & EPS history
White Mountains · Revenue · Quarterly
$427M
Revenue by segment
White Mountains · $212M total across 3 segments · Q2 2021
- Other Operations$158M+17.0%74.7%
- Asset Management$36.2M+63.8%17.1%
- Financial Guarantee$17.4M-33.3%8.2%
Forward guidance
White Mountains expects undeployed capital will increase in the third quarter upon completion of the subordinated debt raise at Ark.
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 2021
+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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