Company Quick10K Filing
White Mountains Insurance Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 3 $3,433
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-06 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-05 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-02 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-02 Quarter: 2017-03-31
10-K 2017-02-27 Annual: 2016-12-31
10-Q 2016-11-02 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-02 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-02 Quarter: 2015-09-30
10-Q 2015-08-03 Quarter: 2015-06-30
10-Q 2015-05-04 Quarter: 2015-03-31
10-K 2015-02-27 Annual: 2014-12-31
10-Q 2014-10-29 Quarter: 2014-09-30
10-Q 2014-07-29 Quarter: 2014-06-30
10-Q 2014-04-28 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-10-28 Quarter: 2013-09-30
10-Q 2013-07-30 Quarter: 2013-06-30
10-Q 2013-04-29 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-10-30 Quarter: 2012-09-30
10-Q 2012-07-27 Quarter: 2012-06-30
10-Q 2012-04-27 Quarter: 2012-03-31
10-Q 2011-10-28 Quarter: 2011-09-30
10-Q 2011-07-29 Quarter: 2011-06-30
10-Q 2011-04-29 Quarter: 2011-03-31
10-K 2011-02-28 Annual: 2010-12-31
10-Q 2010-10-29 Quarter: 2010-09-30
10-Q 2010-07-30 Quarter: 2010-06-30
10-Q 2010-04-29 Quarter: 2010-03-31
10-K 2010-02-26 Annual: 2009-12-31
8-K 2020-02-05 Earnings, Exhibits
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-08-29 Officers
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-06-28 Other Events
8-K 2019-06-07 Regulation FD, Exhibits
8-K 2019-05-24 Shareholder Vote
8-K 2019-05-06 Earnings, Exhibits
8-K 2019-04-04 Other Events
8-K 2019-02-27 Officers, Exhibits
8-K 2019-02-26 Other Events
8-K 2019-02-14 Other Events
8-K 2019-02-06 Earnings, Exhibits
8-K 2019-02-04 Other Events, Exhibits
8-K 2019-01-03 Officers, Other Events, Exhibits
8-K 2018-11-05 Earnings, Exhibits
8-K 2018-08-23 Officers, Exhibits
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-06-08 Regulation FD, Exhibits
8-K 2018-05-24 Officers, Shareholder Vote
8-K 2018-05-11 Other Events
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-04-10 Other Events, Exhibits
8-K 2018-03-31 Enter Agreement, Exhibits
8-K 2018-03-01 Officers, Exhibits
8-K 2018-02-07 Earnings, Exhibits

White Mountains Insurance Group Financials

WTM Metrics, Comps, Filings

Annual | Quarterly

Business

White Mountains Insurance Group, Ltd. (the "Company" or the "Registrant") is an exempted Bermuda limited liability company whose principal businesses are conducted through its subsidiaries and affiliates. Within this report, the term "White Mountains" is used to refer to one or more entities within the consolidated organization, as the context requires. The Company's headquarters is located at 26 Reid Street, Hamilton, Bermuda HM 11, its principal executive office is located at 80 South Main Street, Hanover, New Hampshire 03755-2053 and its registered office is located at Clarendon House, 2 Church Street, Hamilton, Bermuda HM 11.

White Mountains is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets.

White Mountains conducts its business primarily in four areas: municipal bond insurance, specialty insurance distribution, marketing technology (for insurance and other verticals) and other operations. White Mountains's municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd. ("HG Re"), (collectively, "HG Global"). HG Global was established to fund the startup of and provide reinsurance, through HG Re, to Build America Mutual Assurance Company ("BAM"), a mutual municipal bond insurance company. White Mountains's specialty insurance distribution business is conducted through its subsidiary NSM Insurance HoldCo, LLC and its subsidiaries (collectively, "NSM"). White Mountains's marketing technology business is conducted through its subsidiary QL Holdings LLC and its subsidiary QuoteLab, LLC (collectively "MediaAlpha"). White Mountains's investing activities are conducted through its investment management subsidiary, White Mountains Advisors LLC ("WM Advisors"). White Mountains's reportable segments are HG Global/BAM, NSM, MediaAlpha and Other Operations.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Hanover Insurance Group (THG) 5,247 0% 10.7 4% 12,160 9,219 4,688 0 442 533 5,720
Kemper (KMPR) 5,145 0% 8.6 3% 12,616 8,933 4,802 0 376 690 5,914
Axis Capital Holdings (AXS) 5,046 0% 16.4 1% 25,870 20,304 3,877 0 152 241 3,952
MGIC Investment (MTG) 5,036 0% 6.4 11% 6,056 2,020 1,160 0 659 880 5,643
Radian Group (RDN) 4,834 93% 5.6 9% 6,592 2,809 1,421 1,318 620 849 4,755
Essent Group (ESNT) 4,820 0% 8.3 14% 3,540 836 791 0 509 606 5,020
Selective Insurance Group (SIGI) 4,547 0% 16.1 3% 8,576 6,516 2,715 0 241 322 5,164
Assured Guaranty (AGO) 4,405 0% 9.0 3% 13,581 6,859 949 0 445 607 5,444
RLI (RLI) 3,877 0% 27.7 4% 3,375 2,415 915 0 125 144 4,001
Enstar (ESGR) 3,689 0% 6.4 3% 18,225 13,262 2,012 0 491 572 3,662
White Mountains Insurance Group (WTM) 3,433 10% 14.9 5% 3,752 744 767 75 178 236 3,513
Mercury General (MCY) 3,399 69% 11.4 3% 5,717 3,949 2,896 1,993 196 278 3,158
National General Holdings (NGHC) 2,687 0% 6.6 3% 9,667 7,206 4,858 0 264 475 3,158
Aspen Insurance Holdings (AHL) 2,528 0% -17.0 -1% 12,978 10,261 2,454 0 -147 -116 1,977
Proassurance (PRA) 2,167 0% 29.8 1% 4,786 3,205 937 0 50 79 2,364
Kinsale Capital Group (KNSL) 2,144 0% 35.3 5% 895 587 262 0 49 59 2,066
Navigators Group (NAVG) 2,086 0% 38.2 0% 5,856 4,626 1,527 0 2 48 1,844
NMI Holdings (NMIH) 1,953 0% 11.5 11% 1,220 408 320 0 132 179 2,066
Horace Mann Educators (HMN) 1,571 0% 9.5 1% 11,779 10,280 1,355 0 138 195 1,861
Safety Insurance Group (SAFT) 1,550 0% 11.3 5% 1,973 1,190 857 0 103 134 1,512

Balance Sheet ($MM)2010-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1480000397110
Accounts Receivable44
Inventory
PP&E
Assets14,5343,8113,953254,3814,994961,831
Accounts Payable
Long-Term Debt750050024178
Liabilities10,2737947134681,3917270
Stockholders' Equity3,6533,7322,8002,6005545623,4922,843
Income Statement ($MM)2010-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue3,571-22-20-6-20187369
Cost of Revenue249
Gross Profit120
R&D
SG&A20455443149236
Tax21055-6-13-109
Net Income140193309291280420593-191
Cash Flow ($MM)2010-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating56-30-29-26-34-62-62-31
Cash Investing485633330160259998716459
Cash Financing-550-648-186-134-225-933-637-414