earnings
confidence high
sentiment neutral
materiality 0.80
White Mountains Q2 comprehensive loss of $174M; closes NSM sale adding ~$300 per share to book value
WHITE MOUNTAINS INSURANCE GROUP LTD
2022-Q2 EPS reported
-$45.40
revenue$337,100,000
- Comprehensive loss attributable to common shareholders of $174M in Q2 2022 vs. $139M gain in Q2 2021.
- Closed sale of NSM to Carlyle on Aug 1; estimated net gain of $300 per share, pro forma ABVPS ~$1,452.
- BAM insured record par of $5.9B in Q2; Ark gross written premiums up 23% YoY, GAAP combined ratio 87%.
- MediaAlpha investment value fell to $167M (from $280M at Q1 end), contributing $114M unrealized loss.
- Repurchased 53,100 shares for $63M in Q2 at avg $1,179.96; undeployed capital ~$1.6B after NSM sale.