Insurer White Mountains reports a GAAP net loss of $12.59 per share for the quarter amid revenue of $517.8 million.
White Mountains Insurance Group reported a GAAP loss per share of $12.59 for the quarter, contrasting with revenue of $517.8 million. The loss reflects underwriting and investment performance during the period.
The company had previously posted a GAAP loss of $2.43 per share in the same quarter last year, with revenue of $498.3 million. Analysts had anticipated a narrower loss for the current period.
Shares showed limited movement in after-hours trading following the release.