White Mountains Insurance Group (NYSE: WTM) — Company Overview, News & Financial Data
White Mountains Insurance Group is a unique partner for businesses in the insurance sector, focusing on long-term value creation.
White Mountains Insurance Group
White Mountains Insurance (NYSE:WTM) isn't a traditional insurer selling directly to consumers. Instead, they act as a stable and experienced partner for businesses in the insurance and related financial services industries. They leverage their deep expertise in insurance and innovative approach to source and acquire well-managed businesses with strong potential. Their unique advantage lies in being patient investors, unlike private equity firms with time constraints. They think long-term, focusing on maximizing intrinsic value per share for their shareholders. This allows them to support their acquired businesses by providing resources, freedom, and incentives for long-term success, ultimately contributing to the stability and growth of the entire insurance industry.
Snapshot
Operations
Products and/or services of White Mountains Insurance Group
- Risk Sharing across Insurance Types: They specialize in taking on a portion of the financial risks associated with various insurance policies offered by primary insurance companies. This can include property damage from catastrophes (property & casualty reinsurance), life insurance payouts (life & annuity reinsurance), and even fluctuations in financial markets (financial reinsurance).
- Reinsurance Options: White Mountains offers both treaty reinsurance, establishing long-term agreements outlining the risks they cover, and facultative reinsurance, allowing them to selectively reinsure specific high-value or complex risks on a case-by-case basis.
- Focus on Catastrophic Events: Within property and casualty reinsurance, they often focus on catastrophe reinsurance, providing additional protection for primary insurers facing potentially high claims payouts during major disasters like hurricanes or earthquakes.
- Enhance Stability for Primary Insurers: Sharing risks allows primary insurers to manage their own exposure more effectively, enabling them to offer broader coverage.
- Promote Financial Stability: White Mountains' involvement adds another layer of financial backing to the insurance system, contributing to overall stability.
- Enable Innovation: By taking on some of the risk, they allow primary insurers to explore and offer new types of insurance coverage.
White Mountains Insurance Group executive team
- Liam P. CaffreyCEO & Director
- Giles Edward HarrisonPresident
- Michaela J. HildrethMD & Chief Accounting Officer
- Robert Lawrence SeeligExecutive VP, General Counsel & Investor Relation
- George Manning RountreeSenior Advisor
- Michael PapamichaelMD & CFO
- Jonathan Adam CramerChief Investment Officer
- Jennifer L. MoyerChief Administrative Officer & Corporate Secretary
- David Grant StaplesHead of Tax
- Dennis BeaulieuTreasurer
Latest news about White Mountains Insurance Group
Key financials
Reported results for White Mountains Insurance Group, in USD.
- Market cap
- 5.7B
- Revenue (TTM)
- 3B
- P/E ratio
- 5.4
- EPS (diluted, TTM)
- 436.5
- Dividend yield
- 0.0%
- Profit margin
- 37.7%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 2.7B | 1.3B | 1.1B | |
| 2.4B | 316.7M | 230.4M | |
| 2.2B | 565.4M | 509.2M | |
| 1.2B | -149.4M | 792.8M |