White Mountains Insurance Group Ltd chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 409.70
Dividend & Yield1.00$ (0.07%)
Beta 0.41
Market capitalization 3.62B
Operating cash flow 326.3M
ESG Scores unknown

Company description

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark segment writes a portfolio of reinsurance and insurance, including property, marine and energy, accident and health, casualty, and specialty products. The NSM segment operates as a managing general agent and program administrator for specialty property and casualty insurance to various sectors comprising specialty transportation, real estate, social services, and pet. The Kudu segment provides capital solutions to boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisitions and growth finances, and legacy partner liquidity, as well as strategic assistance to investees. The Other Operations segment offers insurance solutions to travel industry through broker channel and on a direct-to-consumer basis; and manages separate accounts and pooled investment vehicles for insurance-linked securities sectors, including catastrophe bonds, collateralized reinsurance investments, and industry loss warranties of third-party clients. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.

Sector: Financial Services - Industry: Insurance—Property & Casualty

Financial Ratios
Quick Ratio1.17
Working Capital-1.05
Return On Equity-0.08
Debt To Equity0.2
Fixed Asset Ratio0.1
Fixed Interest Cover-5.22

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 35.8M 39.1M 301.7M 167.2M
Total Cashflows From Investing Activities -59.9M 189.5M -151.8M 108.4M
Net Borrowings 183.5M 30.3M 281.6M 157.1M
Total Cash From Financing Activities 230.5M -79.8M 218.6M -327.4M
Change To Operating Activities -96.5M -89.3M -125.2M 255M
Issuance Of Stock
Net Income 414.5M 708.7M -275.4M 792.8M
Change In Cash 50.7M 13.6M 63.1M 107.3M
Effect Of Exchange Rate 600k
Total Cash From Operating Activities -120.5M -96.1M -3.7M 326.3M
Depreciation 29.8M 9.6M 21.6M 4.3M
Change To Account Receivables -179.3M -179.3M -179.3M -127.8M
Other Cashflows From Financing Activities 50.2M -21.7M 47.6M 134.3M
Change To Netincome -504.1M -764.2M 252.9M -765.2M
Capital Expenditures

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 405.1M 660.4M -273.6M -149.4M
Net Income 414.5M 708.7M -275.4M 792.8M
Selling General Administrative 321.2M 219.2M 361.8M 474.8M
Gross Profit 768M 888.6M 113.3M 370.9M
Ebit 426.6M 667.8M -253.1M -109.1M
Operating Income 426.6M 667.8M -253.1M -109.1M
Interest Expense -17.4M -7.4M -20.5M -40.3M
Income Tax Expense 29.3M -14.8M 44.4M 41.4M
Total Revenue 893.4M 895.6M 614.4M 1.16B
Cost Of Revenue 125.4M 7M 501.1M 787M
Total Other Income ExpenseNet -21.5M -7.4M -20.5M -40.3M
Net Income From Continuing Ops 375.8M 675.2M -318M -190.8M
Net Income Applicable To Common Shares 409.2M 699.4M -272.2M 782.7M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 838.5M 1.01B 3.3B 3.45B
Total Stockholder Equity 3.26B 3.91B 3.55B 3.75B
Other Current Liabilities 219M 252.1M 1.29B 696M
Total Assets 3.98B 4.83B 7B 7.39B
Common Stock 3.2M 3.1M 3M 2.6M
Other Current Assets 76.2M 736.8M 1.47B 560.7M
Retained Earnings 2.67B 3.31B 2.96B 3.21B
Treasury Stock -7.2M -400k 1.7M -3.5M
Cash 104.7M 132.8M 143.2M 242.8M
Total Current Liabilities 404.7M 477.2M 1.78B 1.4B
Other Stockholder Equity -7.2M -400k 1.7M -3.5M
Property, Plant, and Equipment 22.6M 37.6M 28.1M 25.2M
Total Current Assets 468.6M 1.1B 2.57B 2.34B
Net Tangible Assets 2.61B 3.12B 3.21B 3.35B
Net Receivables 86.5M 83.6M 490M 609.9M
Accounts Payable 102.3M 113.4M 424.1M 585.1M


Insider Transactions

Here are the insider transactions of stock shares related to White Mountains Insurance Group Ltd:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HICKS WESTON MStock Award(Grant) at price 0.00 per share.D2023-02-22Director56
SEELIG ROBERT LAWRENCEStock Award(Grant) at price 0.00 per share.D2023-02-22General Counsel1k
ROUNTREE GEORGE MANNINGStock Award(Grant) at price 0.00 per share.D2023-02-22Chief Executive Officer2k
HILDRETH MICHAELAStock Award(Grant) at price 0.00 per share.D2023-02-22Officer600
CAFFREY LIAM PStock Award(Grant) at price 0.00 per share.D2023-02-22Chief Financial Officer1.25k
DAVIS MORGAN WStock Gift at price 0.00 per share.D2022-12-28Director200
HILDRETH MICHAELAStock Gift at price 0.00 per share.D2022-12-28Officer53
HILDRETH MICHAELASale at price 1371.84 per share.D2022-12-22Officer100
DAVIS MORGAN WSale at price 1400.00 per share.D2022-09-20Director945
CARLSON PETER MSale at price 1400.00 per share.D2022-09-20Director200
CAMPBELL REID TARLTONStock Gift at price 0.00 per share.D2022-06-01President100
HILDRETH MICHAELASale at price 1270.94 per share.D2022-05-31Officer100
DAVIS MORGAN WStock Award(Grant) at price 0.00 per share.D2022-05-26Director315
TANNER DAVID ALLENStock Award(Grant) at price 0.00 per share.D2022-05-26Director225
CHOKSI MARY CStock Award(Grant) at price 0.00 per share.D2022-05-26Director225
CARLSON PETER MStock Award(Grant) at price 0.00 per share.D2022-05-26Director225
SHANK SUZANNE FStock Award(Grant) at price 0.00 per share.D2022-05-26Director225
GELSTON PHILIP A.Stock Award(Grant) at price 0.00 per share.D2022-05-26Director225
DILLON MARGARETStock Award(Grant) at price 0.00 per share.D2022-05-26Director225
SEELIG ROBERT LAWRENCEStock Gift at price 0.00 per share.D2022-05-16General Counsel25
SEELIG ROBERT LAWRENCEStock Award(Grant) at price 0.00 per share.D2022-02-25General Counsel2k
ROUNTREE GEORGE MANNINGStock Award(Grant) at price 0.00 per share.D2022-02-25Chief Executive Officer2.7k
HILDRETH MICHAELAStock Award(Grant) at price 0.00 per share.D2022-02-25Officer750
DAVIS MORGAN WStock Gift at price 0.00 per share.D2021-12-08Director150
SHANK SUZANNE FStock Award(Grant) at price 0.00 per share.D2021-10-08Director151
HILDRETH MICHAELAStock Gift at price 0.00 per share.D2021-06-18Officer65
SEELIG ROBERT LAWRENCEStock Gift at price 0.00 per share.D2021-06-07General Counsel41
DAVIS MORGAN WStock Award(Grant) at price 0.00 per share.I2021-05-27Director315
TANNER DAVID ALLENStock Award(Grant) at price 0.00 per share.D2021-05-27Director225
CHOKSI MARY CStock Award(Grant) at price 0.00 per share.D2021-05-27Director225
CARLSON PETER MStock Award(Grant) at price 0.00 per share.D2021-05-27Director225
GELSTON PHILIP A.Stock Award(Grant) at price 0.00 per share.D2021-05-27Director225
DILLON MARGARETStock Award(Grant) at price 0.00 per share.D2021-05-27Director225
SEELIG ROBERT LAWRENCEStock Gift at price 0.00 per share.D2021-03-17General Counsel45
CAMPBELL REID TARLTONStock Award(Grant) at price 0.00 per share.D2021-02-25Chief Financial Officer1.8k
SEELIG ROBERT LAWRENCEStock Award(Grant) at price 0.00 per share.D2021-02-25General Counsel1k
ROUNTREE GEORGE MANNINGStock Award(Grant) at price 0.00 per share.D2021-02-25Chief Executive Officer2.7k
DAVIS MORGAN WSale at price 1117.00 - 1138.00 per share.I2021-02-09Director1.5k
DAVIS MORGAN WStock Gift at price 0.00 per share.I2020-12-09Director100
CAMPBELL REID TARLTONStock Gift at price 0.00 per share.D2020-12-08Chief Financial Officer30
PALMER JESS BRIANStock Gift at price 0.00 per share.D2020-12-01Officer31
DAVIS MORGAN WStock Award(Grant) at price 0.00 per share.D2020-05-21Director315
TANNER DAVID ALLENStock Award(Grant) at price 0.00 per share.D2020-05-21Director225
HOLIDAY EDITH EStock Award(Grant) at price 0.00 per share.D2020-05-21Director225
CHOKSI MARY CStock Award(Grant) at price 0.00 per share.D2020-05-21Director225
CARLSON PETER MStock Award(Grant) at price 0.00 per share.D2020-05-21Director225
GELSTON PHILIP A.Stock Award(Grant) at price 0.00 per share.D2020-05-21Director225
DAVIS MORGAN WPurchase at price 715.00 - 785.00 per share.D2020-03-24Director1.05k
CAMPBELL REID TARLTONStock Award(Grant) at price 0.00 per share.D2020-02-27Chief Financial Officer1.8k
PALMER JESS BRIANStock Award(Grant) at price 0.00 per share.D2020-02-27Officer450
SEELIG ROBERT LAWRENCEStock Award(Grant) at price 0.00 per share.D2020-02-27General Counsel900

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to White Mountains Insurance Group Ltd. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on White Mountains Insurance Group Ltd

Here is the result of two systematic investment strategies applied to White Mountains Insurance Group Ltd. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on White Mountains Insurance Group Ltd

The following chart shows the equity curve of the two systematic investment strategies applied to White Mountains Insurance Group Ltd:

White Mountains Insurance Group Ltd automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 9.69% on the backtest period.

Performance at glance

Performance

9.69 %

Latent gain

871.98 $

Invested capital

8995.44 $

Annualized return

2.34 %
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Momentum strategy results on White Mountains Insurance Group Ltd

This is the result of two momentum investment strategies applied to White Mountains Insurance Group Ltd. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on White Mountains Insurance Group Ltd

The following chart shows all the entries opened by the momentum investment system on White Mountains Insurance Group Ltd:

White Mountains Insurance Group Ltd momentum entries
  • The first momentum investment strategy would give 20.22% of return on White Mountains Insurance Group Ltd. That represents 1843.67$ of latent gain with 9120.13$ of employed capital.
  • The second momentum investment strategy would give 19.48% of return on White Mountains Insurance Group Ltd. That represents 1787.82$ of latent gain with 9175.98$ of employed capital.
Performance at glance (1Q Momentum)

Performance

20.22 %

Latent gain

1843.67 $

Invested capital

9120.13 $

Annualized return

6.23 %
Performance at glance (2Q Momentum)

Performance

19.48 %

Latent gain

1787.82 $

Invested capital

9175.98 $

Annualized return

5.32 %

Momentum equity curve on White Mountains Insurance Group Ltd

The following chart shows the equity curve of the two momentum strategies applied to White Mountains Insurance Group Ltd:

White Mountains Insurance Group Ltd momentum equity

Note: the dividends potentially given by White Mountains Insurance Group Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on White Mountains Insurance Group Ltd

The following chart shows the employed capital evolution of the two momentum strategies on White Mountains Insurance Group Ltd since the beginning:

White Mountains Insurance Group Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on White Mountains Insurance Group Ltd

Buy the dip entry openings on White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd

The performance achieved by the robo-advisor on White Mountains Insurance Group Ltd is 13.34%. That represents 258.12$ of latent gain with 1934.64$ of employed capital. The following chart shows White Mountains Insurance Group Ltd stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of White Mountains Insurance Group Ltd, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

13.34 %

Latent gain

258.12 $

Invested capital

1934.64 $

Annualized return

6.23 %

Equity curve of the strategy applied to White Mountains Insurance Group Ltd

The following chart shows the result of the investment strategy applied to White Mountains Insurance Group Ltd:

White Mountains Insurance Group Ltd

Note: the dividends potentially given by White Mountains Insurance Group Ltd are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on White Mountains Insurance Group Ltd

The following chart shows the employed capital evolution since the beginning of the investment strategy on White Mountains Insurance Group Ltd:

White Mountains Insurance Group Ltd

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on White Mountains Insurance Group Ltd

In this section, I will compare the three previous investment strategies applied to White Mountains Insurance Group Ltd.

Equity curve comparison on White Mountains Insurance Group Ltd

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

White Mountains Insurance Group Ltd investment strategy comparison

Employed capital comparison on White Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd investment comparison

Performance comparison on White Mountains Insurance Group Ltd

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 9.69% 871.98$ 8995.44$ 2.34%
Momentum 1 quarter 20.22% 1843.67$ 9120.13$ 5.18%
Momentum 2 quarters 19.48% 1787.82$ 9175.98$ 5.32%
Non-directional 13.34% 258.12$ 1934.64$ 6.23%
Annualized return comparison

Automatic investment

2.34 %

Momentum 1Q

5.32 %

Momentum 2Q

5.32 %

Non-directional

6.23 %

Correlated stocks

Here are the most positively and negatively correlated stocks with White Mountains Insurance Group Ltd:

Positive correlations

Most correlated stocks this year

  • White Mountains Insurance Group Ltd

  • Most correlated stocks last 3 months

  • Johnson & Johnson
  • White Mountains Insurance Group Ltd
  • BAWANG GROUP

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between White Mountains Insurance Group Ltd and the other stocks. There may be false positives or some missing correlated stocks. If the price of White Mountains Insurance Group Ltd does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name White Mountains Insurance Group Ltd
    Country Bermuda
    City Hamilton
    Address A.S. Cooper Building
    Phone 441 278 3160
    Website www.whitemountains.com
    FullTime employees 803
    Industry Insurance—Property & Casualty
    Sector Financial Services
    Exchange XNYS
    Ticker WTM
    Market www.nyse.com

    White Mountains Insurance Group Ltd ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown