White Mountains Insurance Reports Q1 2025 Results

White Mountains Insurance ( (WTM) ) has released its Q1 earnings. Here is a breakdown of the information White Mountains Insurance presented to its investors.

White Mountains Insurance Group, Ltd., a Bermuda-domiciled financial services holding company, operates primarily in the insurance and reinsurance sectors, offering a diverse range of financial services.

In the first quarter of 2025, White Mountains reported a slight increase in book value per share to $1,752, driven by solid operating results and favorable investment returns, despite a notable decline in MediaAlpha’s share price. The company also made strategic capital deployments into new ventures, maintaining a robust undeployed capital position of approximately $550 million.

Key financial highlights include Ark’s 94% combined ratio and a 27% increase in gross written premiums, while Kudu saw significant growth in revenues and pre-tax income. Bamboo doubled its managed premiums and tripled its MGA adjusted EBITDA year-over-year. However, MediaAlpha’s share price decline led to a $37 million mark-to-market loss, impacting overall investment returns.

Looking ahead, White Mountains remains focused on capitalizing on market opportunities and expects continued growth across its segments. The management is optimistic about maintaining strong financial performance and strategic expansion in the coming quarters.