NYSE:WTMInsurance
White Mountains (WTM) Stock Looks Cheap But One Off Gains Cloud It
White Mountains Insurance Group stock barely flinched after earnings, ticking up about 0.5% to around US$2,152. For a company with a US$80.58 quarterly earnings per share print and an 83.9% combined ratio in its core insurance operations, that is a muted response. The focus for you is not today’s move; it is that these results land on top of a trailing 12 month earnings profile shaped by a very large one off gain and a P/E of 4.6x that keeps the long term valuation debate wide open.
Is White...