WTM - White Mountains Insurance: Sum Of The Parts Points To Potential Upside

2024-03-25 14:31:49 ET

Summary

• White Mountains Insurance Group has seen strong performance in its shares, rising over 38% in the past year.
• The company's investment portfolio is a primary driver of its growth, with net investment income and realized/unrealized gains contributing to its solid financial results.
• White Mountains operates in diverse niches within the insurance sector, including municipal bond insurance, specialty P&C insurance, capital solutions, and now home insurance.

Shares of White Mountains Insurance Group ( WTM ) have been a strong performer over the past year, rising over 38%, as the company delivers solid underwriting results and has benefitted from a strong performance in its investment portfolio. With an array of assets across its portfolio, WTM operates in unique niches within the insurance sector, delivering attractive returns. With shares just about 1x my estimated current book value, I view the shares as attractive....

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