White Mountains Insurance Group Ltd
NYSE:WTM
Income Statement
Income Statement
White Mountains Insurance Group Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
1 168
|
1 134
|
749
|
567
|
1 273
|
1 100
|
1 358
|
1 344
|
169
|
737
|
405
|
118
|
153
|
109
|
106
|
112
|
185
|
221
|
286
|
362
|
418
|
447
|
420
|
371
|
313
|
283
|
297
|
309
|
333
|
457
|
522
|
695
|
778
|
884
|
1 230
|
1 373
|
1 225
|
1 520
|
1 345
|
1 478
|
1 538
|
|
Revenue |
1 362
N/A
|
1 313
-4%
|
970
-26%
|
719
-26%
|
1 411
+96%
|
1 187
-16%
|
1 409
+19%
|
1 382
-2%
|
440
-68%
|
724
+64%
|
403
-44%
|
163
-59%
|
158
-3%
|
188
+19%
|
224
+19%
|
254
+14%
|
374
+47%
|
327
-12%
|
366
+12%
|
477
+30%
|
369
-23%
|
761
+106%
|
767
+1%
|
724
-6%
|
893
+23%
|
401
-55%
|
531
+33%
|
835
+57%
|
1 181
+41%
|
1 418
+20%
|
1 501
+6%
|
949
-37%
|
614
-35%
|
771
+26%
|
766
-1%
|
1 242
+62%
|
1 158
-7%
|
1 690
+46%
|
1 731
+2%
|
1 868
+8%
|
2 167
+16%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 187)
|
(1 178)
|
(892)
|
(740)
|
(1 426)
|
(1 318)
|
(1 498)
|
(1 522)
|
(309)
|
(40)
|
255
|
564
|
(302)
|
(307)
|
(316)
|
(324)
|
(364)
|
(379)
|
(427)
|
(500)
|
(538)
|
(577)
|
(547)
|
(498)
|
(467)
|
(423)
|
(436)
|
(464)
|
(503)
|
(677)
|
(768)
|
(902)
|
(868)
|
(934)
|
(1 324)
|
(1 464)
|
(1 267)
|
(1 585)
|
(1 364)
|
(1 443)
|
(1 539)
|
|
Selling, General & Administrative |
(149)
|
(156)
|
(170)
|
(192)
|
(217)
|
(237)
|
(246)
|
(280)
|
(286)
|
(241)
|
(247)
|
(214)
|
(278)
|
(221)
|
(233)
|
(244)
|
(347)
|
(362)
|
(409)
|
(477)
|
(513)
|
(549)
|
(517)
|
(471)
|
(439)
|
(397)
|
(406)
|
(433)
|
(468)
|
(523)
|
(506)
|
(459)
|
(362)
|
(358)
|
(484)
|
(520)
|
(475)
|
(585)
|
(484)
|
(479)
|
(473)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
(3)
|
(5)
|
(8)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(16)
|
(19)
|
(23)
|
(24)
|
(21)
|
(22)
|
(20)
|
(23)
|
(24)
|
(28)
|
(32)
|
(26)
|
(23)
|
(5)
|
(5)
|
(7)
|
(6)
|
(5)
|
0
|
0
|
0
|
0
|
|
Benefits Claims Loss Adjustment |
(827)
|
(815)
|
(588)
|
(466)
|
(1 004)
|
(917)
|
(1 034)
|
(1 023)
|
(9)
|
48
|
295
|
519
|
(8)
|
(7)
|
(5)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(78)
|
(130)
|
(259)
|
(315)
|
(371)
|
(561)
|
(645)
|
(536)
|
(684)
|
(609)
|
(661)
|
(727)
|
|
Policy Acquisition Expense |
(210)
|
(207)
|
(134)
|
(82)
|
(206)
|
(164)
|
(219)
|
(219)
|
(6)
|
(115)
|
(58)
|
(4)
|
(6)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(44)
|
(77)
|
(133)
|
(186)
|
(201)
|
(273)
|
(293)
|
(251)
|
(313)
|
(268)
|
(284)
|
(290)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
271
|
271
|
271
|
0
|
(66)
|
(66)
|
(66)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
(29)
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(17)
|
(49)
|
|
Operating Income |
175
N/A
|
135
-23%
|
78
-42%
|
(21)
N/A
|
(15)
+28%
|
(131)
-764%
|
(90)
+32%
|
(141)
-57%
|
131
N/A
|
684
+423%
|
657
-4%
|
727
+11%
|
(144)
N/A
|
(119)
+17%
|
(93)
+22%
|
(70)
+24%
|
10
N/A
|
(52)
N/A
|
(61)
-17%
|
(22)
+63%
|
(169)
-653%
|
184
N/A
|
220
+20%
|
226
+3%
|
427
+89%
|
(23)
N/A
|
96
N/A
|
371
+288%
|
677
+82%
|
741
+9%
|
733
-1%
|
47
-94%
|
(253)
N/A
|
(163)
+36%
|
(558)
-243%
|
(222)
+60%
|
(109)
+51%
|
105
N/A
|
367
+250%
|
424
+16%
|
628
+48%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
(32)
|
(19)
|
(11)
|
(14)
|
(8)
|
(14)
|
(14)
|
(2)
|
(9)
|
(6)
|
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(7)
|
(10)
|
(14)
|
(23)
|
(22)
|
(20)
|
(20)
|
(15)
|
(21)
|
(26)
|
(34)
|
(31)
|
(27)
|
(21)
|
(20)
|
(34)
|
(40)
|
(40)
|
(55)
|
(53)
|
(58)
|
(63)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(6)
|
(6)
|
(6)
|
(35)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(16)
|
16
|
16
|
16
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
159
N/A
|
119
-25%
|
75
-37%
|
(15)
N/A
|
(29)
-91%
|
(139)
-372%
|
(104)
+25%
|
(155)
-50%
|
129
N/A
|
676
+423%
|
651
-4%
|
725
+11%
|
(147)
N/A
|
(121)
+18%
|
(94)
+22%
|
(72)
+24%
|
8
N/A
|
(55)
N/A
|
(65)
-19%
|
(29)
+55%
|
(178)
-517%
|
170
N/A
|
198
+17%
|
205
+3%
|
405
+98%
|
(43)
N/A
|
74
N/A
|
344
+364%
|
645
+87%
|
673
+4%
|
701
+4%
|
19
-97%
|
(274)
N/A
|
(183)
+33%
|
(592)
-223%
|
(262)
+56%
|
(149)
+43%
|
50
N/A
|
315
+533%
|
367
+17%
|
565
+54%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(33)
|
(22)
|
(8)
|
5
|
15
|
41
|
29
|
25
|
(13)
|
(7)
|
(5)
|
11
|
33
|
32
|
29
|
16
|
8
|
7
|
3
|
3
|
4
|
(6)
|
(3)
|
(15)
|
(29)
|
6
|
(18)
|
(108)
|
21
|
5
|
(1)
|
69
|
(44)
|
(48)
|
1
|
37
|
(41)
|
(53)
|
(72)
|
(87)
|
16
|
|
Income from Continuing Operations |
126
|
97
|
68
|
(10)
|
(15)
|
(98)
|
(75)
|
(130)
|
117
|
669
|
647
|
735
|
(114)
|
(90)
|
(66)
|
(56)
|
16
|
(48)
|
(62)
|
(26)
|
(174)
|
164
|
195
|
189
|
376
|
(36)
|
57
|
237
|
666
|
677
|
700
|
88
|
(318)
|
(231)
|
(591)
|
(226)
|
(191)
|
(4)
|
242
|
280
|
581
|
|
Income to Minority Interest |
13
|
13
|
(3)
|
7
|
22
|
29
|
34
|
39
|
19
|
5
|
(17)
|
(30)
|
(7)
|
0
|
34
|
41
|
34
|
52
|
58
|
58
|
50
|
44
|
30
|
25
|
38
|
37
|
40
|
45
|
45
|
70
|
68
|
70
|
46
|
158
|
70
|
38
|
81
|
73
|
159
|
187
|
(72)
|
|
Equity Earnings Affiliates |
37
|
41
|
47
|
45
|
46
|
39
|
33
|
30
|
25
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
319
N/A
|
295
-8%
|
364
+24%
|
359
-1%
|
311
-13%
|
301
-3%
|
210
-30%
|
99
-53%
|
295
+197%
|
803
+172%
|
1 136
+41%
|
1 285
+13%
|
402
-69%
|
418
+4%
|
95
-77%
|
566
+499%
|
627
+11%
|
550
-12%
|
540
-2%
|
19
-97%
|
(141)
N/A
|
191
N/A
|
208
+9%
|
216
+4%
|
415
+92%
|
1
-100%
|
96
+7 300%
|
280
+191%
|
709
+153%
|
762
+8%
|
783
+3%
|
183
-77%
|
(272)
N/A
|
(63)
+77%
|
(499)
-691%
|
719
N/A
|
794
+11%
|
971
+22%
|
1 291
+33%
|
464
-64%
|
502
+8%
|
|
EPS (Diluted) |
52.27
N/A
|
48.29
-8%
|
59.73
+24%
|
58.91
-1%
|
51.9
-12%
|
51.03
-2%
|
35.52
-30%
|
16.84
-53%
|
50.03
+197%
|
154.42
+209%
|
231.77
+50%
|
262.32
+13%
|
80.36
-69%
|
90.82
+13%
|
20.54
-77%
|
131.58
+541%
|
145.86
+11%
|
148.7
+2%
|
158.85
+7%
|
5.87
-96%
|
-41.52
N/A
|
59.74
N/A
|
65.06
+9%
|
67.53
+4%
|
129.53
+92%
|
0.41
-100%
|
31.03
+7 468%
|
90.45
+191%
|
228.61
+153%
|
245.87
+8%
|
254.88
+4%
|
59.88
-77%
|
-89.46
N/A
|
-21.39
+76%
|
-172.71
-707%
|
251.61
N/A
|
280.97
+12%
|
382.62
+36%
|
511.32
+34%
|
183.71
-64%
|
198.63
+8%
|