Welcome to our dedicated page for White Mountains news (Ticker: WTM), a resource for investors and traders seeking the latest updates and insights on White Mountains stock.
White Mountains Insurance Group, Ltd. (WTM) delivers diversified financial services through insurance, reinsurance, and technology-driven solutions. This page provides investors and stakeholders with essential updates on corporate developments shaping the company’s strategic direction.
Track earnings announcements, acquisition activity, and leadership updates alongside filings related to municipal bond insurance, specialty underwriting programs, and MediaAlpha’s marketing technology innovations. Our curated news collection ensures transparent access to material events affecting WTM’s operations across all business segments.
Discover timely reports on regulatory developments, partnerships, and capital management strategies from Kudu and other divisions. Bookmark this page for efficient monitoring of WTM’s performance in reinsurance markets and financial technology sectors.
White Mountains Insurance Group, reported a strong first quarter with book value per share of $1,742 and adjusted book value per share of $1,797 as of March 31, 2024, increasing by 5% and 6% respectively. MediaAlpha's performance was key to the growth. Total comprehensive income attributable to common shareholders was $236 million, up from $180 million in the first quarter of 2023. The Ark/WM Outrigger segment performed well with a combined ratio of 91%. BAM experienced some losses but remains positive about the future. Kudu had a solid quarter, and Bamboo more than tripled managed premiums year-over-year.
White Mountains Insurance Group, (NYSE: WTM) announced that MediaAlpha, Inc. priced a secondary public offering of 6.6 million shares of its Class A common stock, with White Mountains offering 4.3 million shares. White Mountains will receive approximately $79 million in net cash proceeds. The offering is expected to close on May 10, 2024.
White Mountains Partners announced the appointment of David Mondrus as Chief Financial Officer and Financial Operating Partner. David Mondrus brings a wealth of financial management and deal-making experience to the team. White Mountains Partners is a subsidiary of White Mountains Insurance Group, providing capital to family, founder, and entrepreneur-owned businesses.
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