earnings
confidence high
sentiment negative
materiality 0.80
White Mountains Q4 ABVPS down 3% on $122M MediaAlpha loss; full-year ABVPS up 8%
WHITE MOUNTAINS INSURANCE GROUP LTD
2024-FY EPS
reported $89.79
vs consensus -$33.33
▲ beat
(+369.4%)
- Adjusted book value per share $1,834 at Dec 31, 2024, down 3% QoQ; full-year gain 8% including dividends.
- Comprehensive loss attributable to common shareholders $131M in Q4 2024 vs $288M income in Q4 2023.
- Ark combined ratio 77% in Q4; gross written premiums $264M (+14% YoY); Kudu portfolio exceeds $1B.
- Bamboo managed premiums doubled to $484M; MGA adjusted EBITDA $53M, up seven-fold YoY.
- MediaAlpha share price fell 38% to $11.29; $122M mark-to-market loss. Undeployed capital ~$700M.