DB:WNI

Stock Analysis Report

White Mountains Insurance Group

Executive Summary

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States.

Snowflake

Fundamentals

Slightly overvalued with questionable track record.


Similar Companies

Share Price & News

How has White Mountains Insurance Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

WNI

2.6%

DE Insurance

1.7%

DE Market


1 Year Return

28.8%

WNI

23.6%

DE Insurance

7.2%

DE Market

Return vs Industry: WNI exceeded the German Insurance industry which returned 23.6% over the past year.

Return vs Market: WNI exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

WNIIndustryMarket
7 Day1.6%2.6%1.7%
30 Day0.4%3.9%2.4%
90 Day5.7%3.9%2.3%
1 Year29.0%28.8%29.0%23.6%10.6%7.2%
3 Yearn/a69.7%49.2%18.4%8.1%
5 Yearn/a119.2%75.5%42.3%22.9%

Price Volatility Vs. Market

How volatile is White Mountains Insurance Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is White Mountains Insurance Group undervalued compared to its fair value and its price relative to the market?

15.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WNI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WNI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WNI is poor value based on its PE Ratio (15.1x) compared to the Insurance industry average (13.4x).

PE vs Market: WNI is good value based on its PE Ratio (15.1x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WNI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WNI is good value based on its PB Ratio (1.1x) compared to the DE Insurance industry average (1.1x).


Next Steps

Future Growth

How is White Mountains Insurance Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

Forecasted Insurance industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as White Mountains Insurance Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has White Mountains Insurance Group performed over the past 5 years?

-11.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WNI's earnings have declined by -11.3% per year over the past 5 years.

Accelerating Growth: WNI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WNI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (15.2%).


Return on Equity

High ROE: WNI's Return on Equity (6.5%) is considered low.


Return on Assets

ROA vs Industry: WNI has a higher Return on Assets than the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: WNI has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is White Mountains Insurance Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: WNI has a low level of unsold assets or inventory.

Debt Coverage by Assets: WNI's debt is covered by short term assets (assets are 2.099360x debt).


Financial Institutions Analysis

Asset Level: WNI's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if WNI has a sufficient allowance for bad loans.

Low Risk Liabilities: WNI reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if WNI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: WNI has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if WNI has an appropriate level of bad loans.


Next Steps

Dividend

What is White Mountains Insurance Group's current dividend yield, its reliability and sustainability?

0.093%

Current Dividend Yield


Dividend Yield vs Market

company0.09%marketbottom25%1.5%markettop25%3.8%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: WNI's dividend (0.093%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: WNI's dividend (0.093%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: WNI is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: WNI is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: WNI is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WNI's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of White Mountains Insurance Group's salary, the management and board of directors tenure and is there insider trading?

14.3yrs

Average management tenure


CEO

George Rountree (47yo)

2.6yrs

Tenure

US$6,247,593

Compensation

Mr. G. Manning Rountree has been Chief Executive Officer of White Mountains Insurance Group, Ltd. since March 1, 2017. Mr. Rountree served as the President of White Mountains Capital, Inc., where he oversa ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether George's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.


Management Age and Tenure

14.3yrs

Average Tenure

51yo

Average Age

Experienced Management: WNI's management team is seasoned and experienced (14.3 years average tenure).


Board Age and Tenure

2.4yrs

Average Tenure

66.5yo

Average Age

Experienced Board: WNI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: WNI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$968,78809 Aug 19
Lowndes Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$970.40
SellUS$9,23126 Jun 19
Robert Seelig
EntityIndividual
Role
Chief Legal Officer
Executive VP & General Counsel
Shares10
Max PriceUS$923.09
SellUS$908,40226 Jun 19
Robert Seelig
EntityIndividual
Role
Chief Legal Officer
Executive VP & General Counsel
Shares990
Max PriceUS$920.18
SellUS$391,12920 Jun 19
J. Palmer
EntityIndividual
Role
Chief Accounting Officer
MD & Chief Accounting Officer
Shares431
Max PriceUS$907.49
SellUS$444,07910 Jun 19
Lowndes Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares500
Max PriceUS$888.77
SellUS$943,07010 May 19
Robert Seelig
EntityIndividual
Role
Chief Legal Officer
Executive VP & General Counsel
Shares1,083
Max PriceUS$877.22
BuyUS$406,82627 Mar 19
David Tanner
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$813.66
SellUS$324,84227 Mar 19
Lowndes Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares400
Max PriceUS$812.10
SellUS$339,25813 Mar 19
Yves Brouillette
EntityIndividual
Shares424
Max PriceUS$800.14
SellUS$2,365,05013 Mar 19
Yves Brouillette
EntityIndividual
Shares2,936
Max PriceUS$813.80
SellUS$1,686,42407 Mar 19
Robert Seelig
EntityIndividual
Role
Chief Legal Officer
Executive VP & General Counsel
Shares2,000
Max PriceUS$846.92
SellUS$148,17521 Dec 18
Lowndes Smith
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares200
Max PriceUS$741.27

Ownership Breakdown


Management Team

  • Frank Bazos (51yo)

    Executive VP and Head of M&A

    • Tenure: 0.4yrs
  • Reid Campbell (51yo)

    Executive VP & CFO

    • Tenure: 2.4yrs
    • Compensation: US$4.26m
  • Dennis Beaulieu (72yo)

    Treasurer

    • Tenure: 18.3yrs
  • J. Palmer (46yo)

    MD & Chief Accounting Officer

    • Tenure: 18.3yrs
    • Compensation: US$1.54m
  • Rob Seelig (50yo)

    Executive VP & General Counsel

    • Tenure: 17.1yrs
    • Compensation: US$3.73m
  • Mike Miller (60yo)

    CEO of OneBeacon Ltd

    • Tenure: 14.3yrs
    • Compensation: US$6.45m
  • George Rountree (47yo)

    CEO & Director

    • Tenure: 2.6yrs
    • Compensation: US$6.25m
  • Todd Pozefsky

    Managing Director

    • Tenure: 0yrs

Board Members

  • David Tanner (60yo)

    Director

    • Tenure: 1.2yrs
    • Compensation: US$275.36k
  • Lon Smith (80yo)

    Independent Director

    • Tenure: 15.9yrs
    • Compensation: US$461.03k
  • Ede Holiday (67yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$407.03k
  • Mary Choksi (68yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$376.03k
  • Morgan Davis (68yo)

    Non-Executive Chairman

    • Tenure: 2.6yrs
    • Compensation: US$681.44k
  • Philip Gelston (66yo)

    Director

    • Tenure: 1.7yrs
    • Compensation: US$467.58k
  • Pete Carlson (55yo)

    Director

    • Tenure: 0.6yrs
  • George Rountree (47yo)

    CEO & Director

    • Tenure: 2.6yrs
    • Compensation: US$6.25m

Company Information

White Mountains Insurance Group, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: White Mountains Insurance Group, Ltd.
  • Ticker: WNI
  • Exchange: DB
  • Founded:
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$3.422b
  • Listing Market Cap: US$3.071b
  • Shares outstanding: 3.14m
  • Website: https://www.whitemountains.com

Number of Employees


Location

  • White Mountains Insurance Group, Ltd.
  • A.S. Cooper Building
  • 26 Reid Street
  • Hamilton
  • HM 11
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WTMNYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 1985
WNIDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1985

Biography

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurances services in the United States. The company operates through four segments: HG Global/BAM, NSM, MediaAlpha and Other Oper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:56
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.