AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
White Mountains results recovery.
(From Insurance Day)
Byline: Symon Ross
BERMUDA-domiciled White Mountains Insurance Group has reported strong net results for the first quarter of 2003 after poor results for the equivalent period last year. The company recorded net income of $92m compared with a net loss of $40m in the first quarter 2002, excluding $660m of deferred credits brought into income by an accounting change a year ago.
Chief executive of White Mountains Ray Barrette commented: "We are now firing on all cylinders and our tangible book value is growing nicely. Both OneBeacon and Folksamerica achieved underwriting profits in the quarter and our investment portfolio continued to deliver good returns. Our significant investment in Montpelier Re is also doing well."
OneBeacon, the group's property/casualty insurer, saw its combined ratio drop to 97% from 109% for first quarter and 107% for the full year 2002. However, net written premiums were down to $494m from $716m in 2002, with premiums from its core operations in personal, commercial and specialist lines in the north-eastern US at $450m compared with $540m in the same period a year ago. Net written premiums from its business in run-off ...
- White Mountains Reports Tangible Book Value Per Share of $444.
- Press release article from: PR Newswire February 4, 2008 700+ words
...dividend, of which White Mountains will receive...146 million. Net written premiums were...the full year, net written premiums were...Agri, total net written premiums decreased...overall results. White Mountains Re White Mountains...
- White Mountains Reports Book Value Per Share of $373 in the Third Quarter.
- Press release article from: PR Newswire November 2, 2006 700+ words
...Our ex-NFU net written premiums were...business units." White Mountains Re White Mountains...months of 2006. Net written premiums were...did not meet White Mountains Re's pricing...retentions. Net written prem
- White Mountains Book Value Per Share Rises to $309.
- Press release article from: PR Newswire April 30, 2004 700+ words
...reflecting the rise in White Mountains stock price added...period last year. Net written premiums for the...was 96%. Our net written premiums are now...tax income for White Mountains' Reinsurance...holding company, White Mountains Re. Esurance...the prior ...
- White Mountains Reports Book Value Per Share of $352.
- Press release article from: PR Newswire April 27, 2006 700+ words
...underwriting profit again in 2006." White Mountains Re White Mountains Re's pretax income for the...the first quarter of 2005. Net written premiums were $429 million...prior year's first quarter. White Mountains Re experienced $10 million...
- White Mountains Book Value Per Share Increases to $313.
- Press release article from: PR Newswire July 28, 2004 700+ words
...periods of 2003. Net written premiums are up...tax income for White Mountains' Reinsurance...periods of 2003. Net written premiums were...Fass, CEO of White Mountains Re, said...Sirius, and White Mountains Underwriting...the prior year. Net ...
- White Mountains Tangible Book Value Per Share at $348.
- Press release article from: PR Newswire April 29, 2005 700+ words
...the past few years." White Mountains Re Pre-tax income for White Mountains Re was $55 million in...first quarter of 2004. Net written premiums were up 106...Sirius. Steve Fass, CEO of White Mountains Re, said, "The year...
- White Mountains Reports 13% Growth In Book Value For 2003; Fourth Quarter 2003...
- Press release article from: PR Newswire February 3, 2004 700+ words
...period last year. Net written premiums for 2003 were...5 billion in 2002. Net written premiums for the fourth...Pre-tax income for White Mountains' Reinsurance segment...Folksamerica's net written premiums increased...
- White Mountains Continues Strong Growth In Book Value; Book value per share up...
- Press release article from: PR Newswire July 31, 2003 700+ words
...second quarter of 2002. Net written premiums for the first...six months of 2002. Net written premiums on core operations...Pre-tax income for White Mountains' Reinsurance segment...Folksamerica's net written premiums increased...
- White Mountains Reports First Quarter 2003 Results.
- Press release article from: PR Newswire April 29, 2003 700+ words
...underwriting results at White Mountains' insurance...Folksamerica 10 14 White Mountains Underwriting...the quarter. Net written premiums were...last year. Net written premiums for...hallmarks." White Mountains Underwriting...
- White Mountains Reports Tangible Book Value Per Share of $422.
- Press release article from: PR Newswire August 2, 2007 700+ words
...September 2006, net written premiums decreased...both periods. White Mountains Re White Mountains...Waters, CEO of White Mountains Re, said...strength." Net written premiums were...longer meet White Mountains Re's underwriting...