earnings
confidence high
sentiment neutral
materiality 0.75
White Mountains Q2 ABVPS down 1% on MediaAlpha loss; operating units post solid growth
WHITE MOUNTAINS INSURANCE GROUP LTD
2024-Q2 EPS reported
$70.93
revenue$1,042,700,000
- ABVPS down 1% to $1,777; comprehensive loss $55M vs $21M profit a year ago.
- MediaAlpha share price fell 35%, causing $139M net loss; ownership now 27%.
- Ark combined ratio 89%; gross written premiums up 15% to $697M.
- Bamboo managed premiums tripled to $120M; MGA adjusted EBITDA record $12M.
- Kudu trailing 12-month adjusted EBITDA $60M; undeployed capital ~$650M.