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Stock Market & Financial Investment News

News Breaks
February 19, 2013
16:35 EDTWTMWhite Mountains subsidiary to acquire Empire Insurance
White Mountains Solutions Holding announced that it had entered into a definitive agreement to acquire Empire Insurance Company; a runoff insurance subsidiary of Leucadia National Corporation, or LUK. The transaction is expected to close during the second quarter of 2013 subject to customary closing conditions and regulatory approval from the New York Department of Financial Services. White Mountains Solutions Holding Company is a wholly owned subsidiary of White Mountains Insurance Group and the group's specialist runoff acquisition operation.
News For WTM From The Last 14 Days
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May 4, 2015
08:06 EDTWTMWhite Mountains reports Q1 EPS cont ops $12.77 vs. $15.66 last year
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08:05 EDTWTMWhite Mountains reports adjusted book value per share of $664 at March 31
Adjusted comprehensive loss was $3M in the first quarter, compared to adjusted comprehensive income of $88M in the first quarter last year, while net income attributable to common shareholders was $84M in the first quarter of 2015, compared to $96M in the first quarter last year. OneBeacon's book value per share increased 2% for Q1. Sirius Group's GAAP combined ratio was 81% for the first quarter of 2015 compared to 73% for the first quarter last year. In the first quarter of 2015, BAM insured $2.1 billion of municipal bonds, $2B of which were in the primary market, up 58% from the first quarter last year. As of March 31, 2015, BAM's total claims paying resources were $582M on total par insured of $14.4B.

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