- WTM Ticker
- 🇺🇸 NYSE Exchange
- 1,058 Employees
- 💰 Financials Sector
- 🧑🏼💼 Insurance Industry
- George Manning Rountree CEO
Financial statements — White Mountains Insurance Group
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| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
1.2B | 890M | 370M | 370M | 1.4B |
| Cost Of Revenue |
|
11M | 48M | 250M | 140M | 0 |
| Gross Profit |
|
1.2B | 850M | 120M | 230M | 1.4B |
| Research and Development |
|
0 | 0 | 0 | 0 | 0 |
| Selling General and Admin |
|
390M | 330M | 240M | 210M | 300M |
| Operating Expense |
|
540M | 490M | 550M | 370M | 1.4B |
| Operating Income |
|
640M | 410M | -180M | 7.8M | -40M |
| Other Income Expense Net |
|
0 | 0 | 0 | 0 | 0 |
| EBIT |
|
640M | 410M | -180M | 7.8M | -40M |
| Interest Income |
|
0 | 0 | 0 | 0 | 0 |
| Pretax Income |
|
650M | 410M | -180M | 7.8M | -40M |
| Income Tax |
|
-21M | 29M | -4M | -7.8M | -45M |
| Minority Interest |
|
-45M | -38M | -50M | -34M | 7.3M |
| Net Income |
|
710M | 420M | -140M | 630M | 410M |
| Net Income Basic |
|
710M | 420M | -140M | 630M | 410M |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
0 | 0 | 0 | 0 | 0 |
| Short term investments |
|
2.2B | 3B | 2.6B | 3.4B | 5.6B |
| Receivables |
|
87M | 78M | 87M | 53M | 190M |
| Inventory |
|
0 | 0 | 0 | 0 | 0 |
| Other current assets |
|
17M | 17M | 10M | 31M | 300M |
| Current assets |
|
2.5B | 3.2B | 2.8B | 3.6B | 6B |
| Long term investments |
|
2.4B | 780M | 610M | 100M | 560M |
| Property plant equipment |
|
0 | 0 | 0 | 0 | 0 |
| Goodwill |
|
0 | 0 | 0 | 0 | 0 |
| Intangible assets |
|
780M | 650M | 540M | 62M | 56M |
| Other assets |
|
790M | 120M | 71M | 41M | 380M |
| Total assets |
|
4.8B | 4B | 3.4B | 3.7B | 6.5B |
| Accounts payable |
|
0 | 0 | 0 | 0 | 0 |
| Current long term debt |
|
380M | 280M | 180M | 24M | 290M |
| Other current liabilities |
|
460M | 400M | 350M | 250M | 2.3B |
| Total current liabilities |
|
840M | 680M | 530M | 270M | 2.6B |
| Long term debt |
|
0 | 0 | 14M | 0 | 0 |
| Other liabilities |
|
180M | 160M | 110M | 25M | 200M |
| Minority Interest |
|
-88M | -120M | -120M | -130M | 130M |
| Total Liabilities |
|
930M | 720M | 520M | 170M | 2.9B |
| Common stock |
|
3.1M | 3.1M | 3.3M | 4.2M | 5M |
| Retained earning |
|
3.3B | 2.7B | 2.3B | 2.8B | 2.8B |
| Treasury stock |
|
0 | 0 | 0 | 0 | 0 |
| Capital surplus |
|
• | • | • | • | • |
| Shareholder equity |
|
3.9B | 3.3B | 2.8B | 3.5B | 3.6B |
| Net tangible assets |
|
3.1B | 2.6B | 2.3B | 3.4B | 3.5B |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
710M | 420M | -140M | 630M | 410M |
| Depreciation |
|
43M | 30M | 26M | 22M | 65M |
| Changes in receivables |
|
9.5M | -9.9M | 34M | -130M | -50M |
| Changes in inventories |
|
0 | 0 | 0 | 0 | 0 |
| Cash change |
|
50M | 51M | 22M | -62M | -30M |
| Cash flow |
|
-61M | -120M | -31M | 95M | -160M |
| Capital expenditures |
|
0 | 0 | 0 | 0 | -4.3M |
| Investments |
|
• | • | • | • | • |
| Investing activity other |
|
• | • | • | • | • |
| Total investing cash flows |
|
65M | -60M | 460M | 720M | 1.3B |
| Dividends paid |
|
• | • | • | • | • |
| Net borrowings |
|
-1.8B | -2.7B | -2.4B | -3.4B | -5.3B |
| Other financing cash flows |
|
• | • | • | • | • |
| Cash flow financing |
|
-49M | -230M | -410M | -700M | -940M |
| Exchange rate effect |
|
• | • | • | • | • |
White Mountains Insurance Group Ltd. is an insurance holding company, which engages in the insurance, financial services, and related sectors. It operates through the following segments: HG Global/BAM, MediaAlpha, NSM, and Other Operations. The HG Global/BAM segment refers to the White Mountains's investment in HG Global Limited, and the consolidated results of Build America Mutual Assurance Company (BAM). The MediaAlpha segment develops transparent platforms for the buying and selling of insurance and other vertical-specific performance media. The NSM segment comprises of full-service managing general underwriting agency and program administrator for specialty property and casualty insurance. The Other Operations segment comprises of the Company, its wholly-owned subsidiary, WM Capital, its wholly-owned investment management subsidiary, WM Advisors, and its other intermediate holding companies, as well as certain consolidated and unconsolidated private capital and other investments. The company was founded in 1980 and is headquartered in Hanover, NH.