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White Mountains Reports Flat Adjusted Book Value Per Share of $352
HAMILTON, Bermuda - 01 May, 2009 - White Mountains Insurance Group, Ltd. (NYSE: WTM) reported an adjusted book value per share of $352 at March 31, 2009, which was essentially flat for the quarter, including dividends. Adjusted comprehensive net loss in the first quarter of 2009 was $9 million, compared to break-even in the first quarter of last year, while net income was $30 million, compared to net loss of $57 million in the first quarter of 2008.
White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM. Additional financial information and other items of interest are available at the Company's website located at www.whitemountains.com. The Company expects to file its Form 10-Q with the Securities and Exchange Commission on or before May 11, 2009 and urges shareholders to refer to that document for more complete information concerning White Mountains' financial results.
SOURCE White Mountains Insurance Group, Ltd.
CONTACT:
David Foy for White Mountains Insurance Group, Ltd., +1-203-458-5850
