NYSE$WTM
White Mountains Insurance Group Ltd · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
White Mountains · Revenue · Quarterly
$395M
Revenue by segment
White Mountains · $6.8M total across 3 segments · Q3 2023
- Asset Management$26.3M-53.0%386.8%
- Financial Guarantee-$7.4M+70.0%-108.8%
- Other Operations-$12.1M-237.5%-177.9%
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 2024
+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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