WHITE MOUNTAINS INSURANCE GROUP LTD
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
WTM$2,256.20+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity,
| White Mountains’s Common Shareholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Millions | Common shares and paid-in surplus | Retained earnings | AOCI, after tax | Total | Non-controlling interest | Total Equity |
| Balance as of June 30, 2024 | $561.3 | $3,863.1 | $(1.8) | $4,422.6 | $449.6 | $4,872.2 |
| Net income (loss) | — | 179.0 | — | 179.0 | 48.9 | 227.9 |
| Other comprehensive income (loss), net of tax | — | — | .8 | .8 | .5 | 1.3 |
| Total comprehensive income (loss) | — | 179.0 | .8 | 179.8 | 49.4 | 229.2 |
| Amortization of restricted share awards | 4.3 | — | — | 4.3 | — | 4.3 |
| Recognition of equity-based compensation expense of subsidiaries | .8 | — | — | .8 | .2 | 1.0 |
| Impact to noncontrolling interests for the deconsolidation of BAM | — | — | — | — | 153.5 | 153.5 |
| Net contributions (distributions) and dilution from other noncontrolling interests | (3.1) | 6.2 | — | 3.1 | (3.5) | (.4) |
| Balance as of September 30, 2024 | $563.3 | $4,048.3 | $(1.0) | $4,610.6 | $649.2 | $5,259.8 |
| White Mountains’s Common Shareholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Millions | Common shares and paid-in surplus | Retained earnings | AOCI, after tax | Total | Non-controlling interest | Total Equity |
| Balance as of June 30, 2023 | $543.2 | $3,380.7 | $(1.7) | $3,922.2 | $203.7 | $4,125.9 |
| Net income (loss) | — | 23.6 | — | 23.6 | (9.8) | 13.8 |
| Other comprehensive income (loss), net of tax | — | — | (1.0) | (1.0) | (.7) | (1.7) |
| Total comprehensive income (loss) | — | 23.6 | (1.0) | 22.6 | (10.5) | 12.1 |
| Dividends to noncontrolling interests | — | — | — | — | (.5) | (.5) |
| BAM member surplus contributions, net of tax | — | — | — | — | 19.9 | 19.9 |
| Amortization of restricted share awards | 4.0 | — | — | 4.0 | — | 4.0 |
| Recognition of equity-based compensation expense of subsidiaries | .4 | — | — | .4 | .2 | .6 |
| Net contributions (distributions) and dilution from other noncontrolling interests | (.1) | — | — | (.1) | 2.3 | 2.2 |
| Balance as of September 30, 2023 | $547.5 | $3,404.3 | $(2.7) | $3,949.1 | $215.1 | $4,164.2 |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (CONTINUED)
| White Mountains’s Common Shareholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Millions | Common shares and paid-in surplus | Retained earnings | AOCI, after tax | Total | Non-controlling interest | Total Equity |
| Balance as of January 1, 2024 | $551.3 | $3,690.8 | $(1.6) | $4,240.5 | $321.1 | $4,561.6 |
| Net income (loss) | — | 360.8 | — | 360.8 | 47.7 | 408.5 |
| Other comprehensive income (loss), net of tax | — | — | .6 | .6 | .5 | 1.1 |
| Total comprehensive income (loss) | — | 360.8 | .6 | 361.4 | 48.2 | 409.6 |
| Dividends declared on common shares | — | (2.5) | — | (2.5) | — | (2.5) |
| Dividends to noncontrolling interests | — | — | — | — | (9.3) | (9.3) |
| Issuances of common shares | 2.9 | — | — | 2.9 | — | 2.9 |
| Repurchases and retirements of common shares | (1.1) | (7.0) | — | (8.1) | — | (8.1) |
| BAM member surplus contributions, net of tax | — | — | — | — | 26.0 | 26.0 |
| Amortization of restricted share awards | 11.8 | — | — | 11.8 | — | 11.8 |
| Recognition of equity-based compensation expense of subsidiaries | 2.3 | — | — | 2.3 | .8 | 3.1 |
| Net contributions (distributions) and dilution from other noncontrolling interests | (3.9) | 6.2 | — | 2.3 | (2.2) | .1 |
| Impact to noncontrolling interests for the deconsolidation of BAM | — | — | — | — | 153.5 | 153.5 |
| Acquisition of noncontrolling interests - Bamboo | — | — | — | — | 111.1 | 111.1 |
| Balance as of September 30, 2024 | $563.3 | $4,048.3 | $(1.0) | $4,610.6 | $649.2 | $5,259.8 |
| White Mountains’s Common Shareholders’ Equity | ||||||
|---|---|---|---|---|---|---|
| Millions | Common shares and paid-in surplus | Retained earnings | AOCI, after tax | Total | Non-controlling interest | Total Equity |
| Balance as of January 1, 2023 | $538.6 | $3,211.8 | $(3.5) | $3,746.9 | $188.1 | $3,935.0 |
| Net income (loss) | — | 222.7 | — | 222.7 | (4.5) | 218.2 |
| Other comprehensive income (loss), net of tax | — | — | .8 | .8 | .1 | .9 |
| Total comprehensive income (loss) | — | 222.7 | .8 | 223.5 | (4.4) | 219.1 |
| Dividends declared on common shares | — | (2.6) | — | (2.6) | — | (2.6) |
| Dividends to noncontrolling interests | — | — | — | — | (8.3) | (8.3) |
| Issuances of common shares | 2.1 | — | — | 2.1 | — | 2.1 |
| Repurchases and retirements of common shares | (5.1) | (27.6) | — | (32.7) | — | (32.7) |
| BAM member surplus contributions, net of tax | — | — | — | — | 46.4 | 46.4 |
| Amortization of restricted share awards | 11.2 | — | — | 11.2 | — | 11.2 |
| Recognition of equity-based compensation expense of subsidiaries | 1.3 | — | — | 1.3 | .5 | 1.8 |
| Net contributions (distributions) and dilution from other noncontrolling interests | (.6) | — | — | (.6) | 2.2 | 1.6 |
| Disposition of noncontrolling interests | — | — | — | — | (9.4) | (9.4) |
| Balance as of September 30, 2023 | $547.5 | $3,404.3 | $(2.7) | $3,949.1 | $215.1 | $4,164.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.