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. (NYSE: WTM, BSX: WTM.BH) is a Bermuda‑domiciled financial services holding company active in property and casualty insurance and reinsurance, municipal bond reinsurance, capital solutions for asset and wealth management firms and property and casualty insurance distribution. The news flow around White Mountains reflects both its operating performance and its capital allocation decisions across these areas.
On this page, readers can follow company announcements such as quarterly and year‑to‑date financial results, where White Mountains reports book value per share, comprehensive income attributable to common shareholders and segment performance for Ark/WM Outrigger, HG Global, Kudu, Bamboo, Distinguished and other operations. These releases often discuss combined ratios, gross written premiums, investment gains and losses and non‑GAAP metrics used to evaluate specific platforms.
White Mountains also issues news about strategic transactions and corporate actions. Recent examples in its public disclosures include a modified Dutch auction self‑tender offer for its common shares, the acquisition of a controlling interest in Distinguished Programs, the sale of a controlling financial interest in the Bamboo Group to affiliates of funds advised by CVC Capital Partners while retaining an indirect equity stake, and participation in a strategic investment in BroadStreet Partners. Leadership and governance updates, such as planned changes in the Chief Executive Officer, President and Chief Financial Officer roles, are also communicated through press releases and related Form 8‑K filings.
Investors and analysts can use the WTM news feed to monitor how White Mountains manages catastrophe exposures through Ark and WM Outrigger Re, how HG Global and its municipal bond reinsurance activities are performing, how Kudu’s capital solutions portfolio is evolving and how the company’s investment in MediaAlpha affects reported results. Regularly reviewing these updates can provide insight into White Mountains’ operating trends, transaction activity and capital management over time.
Summary not available.
Summary not available.
On February 23, 2023, the Board of Directors of White Mountains Insurance Group declared an annual dividend of $1.00 per share. This dividend will be paid in cash on March 22, 2023, to shareholders on record as of the close of business on March 13, 2023. As a Bermuda-domiciled financial services holding company, White Mountains is traded on both the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM. The announcement underscores the company's commitment to returning value to its shareholders.
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced the election of Weston M. Hicks as a director on its Board. Hicks, who previously served as President and CEO of Alleghany Corporation, has extensive experience in the insurance sector and has also held board positions at both Alleghany and AllianceBernstein Corporation. CEO Manning Rountree expressed enthusiasm for Hicks' appointment, stating it will be a significant asset for the company. White Mountains operates as a financial services holding company based in Bermuda.
White Mountains Insurance Group (NYSE: WTM) reported a 1% rise in book value per share to $1,457 and 2% increase in adjusted book value per share to $1,495 for Q4 2022. Over the year, book value rose 24% and adjusted book value grew 26% due to gains from NSM's sale. In Q4, comprehensive income was $40 million vs. $34 million YoY. Ark's GAAP combined ratio improved to 59% from 70%, while gross written premiums surged 37% year-over-year. Kudu's revenues totaled $32 million for Q4. The company repurchased 461,256 shares for $616 million in 2022.
Variant Investments has announced a minority investment from Kudu Investment Management as of January 19, 2023. The financial details of the investment were not disclosed. Variant, which is employee-controlled and manages over $2.3 billion in assets, seeks investments in niche private markets through its funds, including the Variant Alternative Income Fund and the Variant Impact Fund. Kudu aims to enhance Variant's growth by offering extensive networking opportunities. Kudu has backed 23 asset managers globally and collectively manages approximately $66 billion for diverse investors.
White Mountains Insurance Group (NYSE: WTM) has announced the creation of Outrigger Re Ltd., a reinsurance sidecar designed to provide collateralized reinsurance for its property catastrophe portfolio. The new Bermuda-based company is backed by $250 million in investor capital, with $205 million contributed by White Mountains, alongside investments from Aquiline Capital Partners and Enstar Group Limited (NASDAQ: ESGR). This initiative aims to enhance underwriting capacity in the current property catastrophe insurance market, reflecting strategic growth in response to evolving industry dynamics.
White Mountains Insurance Group (NYSE: WTM) reported significant growth in its book value per share, reaching $1,439, a 28% increase in Q3 2022, and $1,471 for adjusted book value per share, driven primarily by a $876 million net gain from the sale of NSM. Comprehensive income attributable to common shareholders was $890 million in Q3, recovering from losses in the previous year. Despite unrealized investment losses from MediaAlpha and a pre-tax loss in BAM, the company repurchased over $500 million in shares, and Kudu reported strong revenue growth, reflecting robust performance amid market challenges.
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced the results of its tender offer that concluded on September 20, 2022. A total of 327,795 shares were tendered at or below the purchase price of $1,400 per share, totaling approximately $458.9 million. This represents about 11.3% of the company's outstanding shares as of August 19, 2022. Following the transaction, around 2,576,232 common shares are expected to remain outstanding. Payments for the accepted shares will be made promptly.
White Mountains Insurance Group, Ltd. (NYSE: WTM) has released preliminary results from its modified Dutch auction tender offer to purchase up to $500 million of its common shares, which expired on September 20, 2022. According to preliminary counts, 333,878 shares were tendered at or below the purchase price of $1,400 per share, with the company expecting to spend approximately $467.4 million on the shares. This equates to around 11.5% of its outstanding shares as of August 19, 2022. Final purchase details will be confirmed after the settlement period.