other material
confidence high
sentiment positive
materiality 0.75
White Mountains reports Q4 2023 ABVPS up 7% to $1,704; full-year ABVPS up 14%
WHITE MOUNTAINS INSURANCE GROUP LTD
- Comprehensive income attributable to common shareholders: $288M Q4, $511M full year 2023.
- BAM gross written premiums and MSC: $48M Q4, $131M full year; par insured $5.1B Q4.
- Ark combined ratio 70% Q4 and 82% full year; gross written premiums up 31% YoY.
- Kudu adjusted EBITDA $22M Q4, $57M full year; net investment income up 31% YoY.
- Bermuda 15% corporate income tax enacted Dec 2023; White Mountains exempt until 2030, recorded $68M deferred tax benefit.