earnings
confidence high
sentiment positive
materiality 0.75
White Mountains Q1 ABVPS up 6% to $1,797; MediaAlpha gain $211M
WHITE MOUNTAINS INSURANCE GROUP LTD
2024-Q1 EPS reported
$92.33
revenue$647,300,000
- Comprehensive income $236M vs $180M YoY; driven by $211M MediaAlpha unrealized gains.
- Ark combined ratio 94%; gross written premiums $872M (+8% YoY).
- Bamboo managed premiums $90M (3x YoY); MGA adj. EBITDA $6M.
- BAM insured $3.6B municipal bonds (+24% YoY); gross premiums $22M.
- Kudu adj. EBITDA $14M; trailing 12-month net investment income up 4% QoQ.