earnings
confidence high
sentiment neutral
materiality 0.60
White Mountains reports 1% ABVPS increase in Q2; Ark GWP up 50% YoY
WHITE MOUNTAINS INSURANCE GROUP LTD
2023-Q2 EPS reported
$77.57
revenue$910,300,000
- Book value per share $1,532; adjusted book value per share $1,576 as of June 30, 2023.
- Ark combined ratio 89%; gross written premiums $606M (+50% YoY); risk-adjusted rate change +21%.
- MediaAlpha share price decline reduced ABVPS by 2%; tender offer for 5.9M shares at $10.00 completed.
- BAM gross written premiums & MSC down to $26M in Q2 from $41M last year; pricing up to 77 bps.
- Total consolidated portfolio return excluding MediaAlpha: 3.0%; repurchased 5,542 shares for $7M.