2024 Q2 Form 10-Q Financial Statement

#000077686724000010 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $395.4M $647.3M $531.9M
YoY Change 4.49% 21.7% 52.45%
Cost Of Revenue $7.000M $7.600M $13.90M
YoY Change -39.66% -45.32% -35.05%
Gross Profit $388.4M $639.7M $518.0M
YoY Change 5.89% 23.49% 58.17%
Gross Profit Margin 98.23% 98.83% 97.39%
Selling, General & Admin $142.2M $142.1M $109.9M
YoY Change 24.52% 29.3% 18.94%
% of Gross Profit 36.61% 22.21% 21.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.90M $71.60M -$82.20M
YoY Change -414.94% -187.1% -613.75%
% of Gross Profit 19.54% 11.19% -15.87%
Operating Expenses $415.3M $399.5M $320.2M
YoY Change 20.52% 24.77% 19.34%
Operating Profit -$26.90M $240.2M $197.8M
YoY Change -221.17% 21.44% 234.12%
Interest Expense $14.80M $15.20M -$12.60M
YoY Change -190.24% -220.63% 82.61%
% of Operating Profit 6.33% -6.37%
Other Income/Expense, Net
YoY Change
Pretax Income -$34.70M $232.6M $199.1M
YoY Change -299.43% 16.83% -1731.97%
Income Tax $6.500M $10.80M $11.90M
% Of Pretax Income 4.64% 5.98%
Net Earnings -$54.60M $236.4M $179.5M
YoY Change -378.57% 31.7% 437.43%
Net Earnings / Revenue -13.81% 36.52% 33.75%
Basic Earnings Per Share -$21.24 $92.33 $69.83
Diluted Earnings Per Share -$21.24 $92.33 $69.83
COMMON SHARES
Basic Shares Outstanding 2.566M shares 2.555M shares 2.568M shares
Diluted Shares Outstanding 2.532M shares 2.531M shares 2.539M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $255.2M $225.3M $202.7M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill $439.2M $439.2M $168.8M
YoY Change 160.19% 160.19% -73.68%
Intangibles $291.8M $297.4M $207.4M
YoY Change 42.48% 43.39%
Long-Term Investments $6.439B $6.328B $5.435B
YoY Change 14.31% 16.44% 31.4%
Other Assets $64.10M $83.00M
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $10.17B $9.590B $7.959B
YoY Change 21.38% 20.49% 8.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $75.80M $59.50M $52.10M
YoY Change 15.37% 14.2% -35.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $75.80M $59.50M $52.10M
YoY Change 15.37% 14.2% -35.92%
LONG-TERM LIABILITIES
Long-Term Debt $530.2M $532.1M $556.3M
YoY Change -6.34% -4.35% -19.48%
Other Long-Term Liabilities $426.5M $438.2M $296.0M
YoY Change 57.73% 48.04% 9.51%
Total Long-Term Liabilities $956.7M $970.3M $852.3M
YoY Change 14.37% 13.84% -11.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $75.80M $59.50M $52.10M
Total Long-Term Liabilities $956.7M $970.3M $852.3M
Total Liabilities $5.295B $4.700B $3.866B
YoY Change 24.57% 21.56% 4.85%
SHAREHOLDERS EQUITY
Retained Earnings $3.863B $3.918B $3.367B
YoY Change 14.27% 16.35% 13.91%
Common Stock $2.600M $2.600M $2.600M
YoY Change 0.0% 0.0% -13.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.423B $4.470B $3.902B
YoY Change
Total Liabilities & Shareholders Equity $10.17B $9.590B $7.959B
YoY Change 21.38% 20.49% 8.19%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$54.60M $236.4M $179.5M
YoY Change -378.57% 31.7% 437.43%
Depreciation, Depletion And Amortization $75.90M $71.60M -$82.20M
YoY Change -414.94% -187.1% -613.75%
Cash From Operating Activities $216.8M $36.50M $85.60M
YoY Change 204.92% -57.36% -306.27%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $231.8M $0.00
YoY Change
Other Investing Activities -$194.8M -$29.20M $11.20M
YoY Change 54.36% -360.71% -354.55%
Cash From Investing Activities -$194.8M $100.6M -$96.60M
YoY Change 54.36% -204.14% -169.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $32.60M $20.00M
YoY Change 63.0%
Cash From Financing Activities 7.900M -$34.20M -$41.30M
YoY Change 14.49% -17.19% 32.8%
NET CHANGE
Cash From Operating Activities 216.8M $36.50M $85.60M
Cash From Investing Activities -194.8M $100.6M -$96.60M
Cash From Financing Activities 7.900M -$34.20M -$41.30M
Net Change In Cash 29.90M $102.9M -$52.30M
YoY Change -162.03% -296.75% -177.14%
FREE CASH FLOW
Cash From Operating Activities $216.8M $36.50M $85.60M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q1 wtm Other Long Term Investments Cost
OtherLongTermInvestmentsCost
1642200000 usd
CY2024Q1 wtm Other Long Term Investments Unrealized Gain
OtherLongTermInvestmentsUnrealizedGain
466700000 usd
CY2024Q1 wtm Other Long Term Investments Unrealized Loss
OtherLongTermInvestmentsUnrealizedLoss
101100000 usd
CY2024Q1 wtm Other Long Term Investments Net Foreign Currency Gain Loss
OtherLongTermInvestmentsNetForeignCurrencyGainLoss
-15900000 usd
CY2024Q1 us-gaap Other Long Term Investments
OtherLongTermInvestments
1991900000 usd
CY2024Q1 wtm Management Rollover Shareholders Additional Shares Percentage
ManagementRolloverShareholdersAdditionalSharesPercentage
0.125
CY2024Q1 us-gaap Gross Investment Income Operating
GrossInvestmentIncomeOperating
57700000 usd
CY2023Q1 us-gaap Gross Investment Income Operating
GrossInvestmentIncomeOperating
39600000 usd
CY2024Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
700000 usd
CY2023Q1 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
600000 usd
CY2024Q1 us-gaap Net Investment Income
NetInvestmentIncome
57000000.0 usd
CY2023Q1 us-gaap Net Investment Income
NetInvestmentIncome
39000000.0 usd
CY2024Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
226800000 usd
CY2023Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
198100000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
483500000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
86000000.0 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
1200000 usd
CY2024Q1 wtm Equity Securities Fnni Net Foreign Currency Gain Loss
EquitySecuritiesFNNINetForeignCurrencyGainLoss
-6800000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
561500000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
483500000 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
62300000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5700000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5700000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
439200000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
297400000 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
1200000 usd
CY2023 wtm Equity Securities Fnni Net Foreign Currency Gain Loss
EquitySecuritiesFNNINetForeignCurrencyGainLoss
-6200000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
538400000 usd
CY2023Q4 wtm Other Long Term Investments Cost
OtherLongTermInvestmentsCost
1655700000 usd
CY2023 wtm Other Long Term Investments Unrealized Gain
OtherLongTermInvestmentsUnrealizedGain
446300000 usd
CY2023 wtm Other Long Term Investments Unrealized Loss
OtherLongTermInvestmentsUnrealizedLoss
94500000 usd
CY2023 wtm Other Long Term Investments Net Foreign Currency Gain Loss
OtherLongTermInvestmentsNetForeignCurrencyGainLoss
-9300000 usd
CY2023Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
1998200000 usd
CY2024Q1 wtm Funds Held Under Reinsurance Agreements Assets Investments
FundsHeldUnderReinsuranceAgreementsAssetsInvestments
589600000 usd
CY2023Q4 wtm Funds Held Under Reinsurance Agreements Assets Investments
FundsHeldUnderReinsuranceAgreementsAssetsInvestments
585600000 usd
CY2024Q1 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
4700000 usd
CY2023Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
4600000 usd
CY2024Q1 us-gaap Other Long Term Investments
OtherLongTermInvestments
1991900000 usd
CY2023Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
1998200000 usd
CY2024Q1 wtm Other Long Term Investments Remaining Period One To Three Years
OtherLongTermInvestmentsRemainingPeriodOneToThreeYears
14400000 usd
CY2024Q1 wtm Other Long Term Investments Remaining Period Three To Five Years
OtherLongTermInvestmentsRemainingPeriodThreeToFiveYears
63500000 usd
CY2024Q1 wtm Other Long Term Investments Remaining Period Five To Ten Years
OtherLongTermInvestmentsRemainingPeriodFiveToTenYears
161000000.0 usd
CY2024Q1 wtm Other Long Term Investments Remaining Period Greater Than10 Years
OtherLongTermInvestmentsRemainingPeriodGreaterThan10Years
16300000 usd
CY2024Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
736600000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
168800000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
207400000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
439200000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
439200000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
168800000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
168800000 usd
CY2024Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
320100000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
218800000 usd
CY2024Q1 wtm Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
759300000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22700000 usd
CY2024Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
736600000 usd
CY2023Q4 wtm Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
387600000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17000000.0 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
370600000 usd
CY2023Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2024Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
168800000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
201800000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
370600000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
176500000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
215900000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
392400000 usd
CY2024Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
270400000 usd
CY2024Q1 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
101000000.0 usd
CY2024Q1 wtm Goodwill And Indefinite Lived Intangible Assets Acquired During Period
GoodwillAndIndefiniteLivedIntangibleAssetsAcquiredDuringPeriod
371400000 usd
CY2023Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 usd
CY2023Q1 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
0 usd
CY2023Q1 wtm Goodwill And Indefinite Lived Intangible Assets Acquired During Period
GoodwillAndIndefiniteLivedIntangibleAssetsAcquiredDuringPeriod
0 usd
CY2024Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
300000 usd
CY2024Q1 wtm Goodwill And Finite Lived Intangible Assets Acquired During Period
GoodwillAndFiniteLivedIntangibleAssetsAcquiredDuringPeriod
300000 usd
CY2023Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2023Q1 wtm Goodwill And Finite Lived Intangible Assets Acquired During Period
GoodwillAndFiniteLivedIntangibleAssetsAcquiredDuringPeriod
0 usd
CY2024Q1 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 usd
CY2024Q1 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
0 usd
CY2024Q1 wtm Goodwill And Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
GoodwillAndIndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
0 usd
CY2023Q1 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
6700000 usd
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
6900000 usd
CY2023Q1 wtm Goodwill And Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
GoodwillAndIndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
13600000 usd
CY2024Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 usd
CY2024Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0 usd
CY2023Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1000000.0 usd
CY2023Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-1000000.0 usd
CY2023Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
376200000 usd
CY2024Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the loss and loss adjustment expense (“LAE”) reserve activity of the Ark/WM Outrigger segment</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">for the three months ended March 31, 2024 and 2023: </span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:68.446%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.394%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.396%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="9" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Millions</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross beginning balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,605.1</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,296.5 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Less: beginning reinsurance recoverable on unpaid losses </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(340.8)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(505.0)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss and loss adjustment expense reserves</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,264.3</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">791.5 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss and loss adjustment expenses incurred relating to:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">180.3</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">139.2 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior year losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(.3)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8.6 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net incurred loss and loss adjustment expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">180.0</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">147.8 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Loss and loss adjustment expenses paid relating to:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Current year losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(4.0)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4.0)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prior year losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(96.7)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(87.7)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net paid loss and loss adjustment expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(100.7)</span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(91.7)</span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Change in TPC Providers’ participation </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">145.4 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Foreign currency translation and other adjustments to loss and loss adjustment <br/>   expense reserves</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">(3.6)</span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3.7 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net ending balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,340.0</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">996.7 </span></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Plus: ending reinsurance recoverable on unpaid losses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">404.5</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">348.9 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:3pt double #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross ending balance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">1,744.5</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:3pt double #000;padding:0 1pt"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,345.6 </span></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:3pt;padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> The beginning reinsurance recoverable on unpaid losses includes amounts attributable to TPC Providers of $145.4 as of December 31, 2022.</span></div><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Amount represents the impact to net loss and loss adjustment expense reserves due to a change in the TPC Providers’ participation related to the annual RITC process.</span></div>
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
532100000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
534600000 usd
CY2024Q1 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-68000000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.046
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.060
CY2024Q1 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
933100000 usd
CY2023Q4 us-gaap Funds Held Under Reinsurance Agreements Asset
FundsHeldUnderReinsuranceAgreementsAsset
948500000 usd
CY2024Q1 wtm Funds Held Under Reinsurance Agreements Assets Cash And Investments
FundsHeldUnderReinsuranceAgreementsAssetsCashAndInvestments
592800000 usd
CY2023Q4 wtm Funds Held Under Reinsurance Agreements Assets Cash And Investments
FundsHeldUnderReinsuranceAgreementsAssetsCashAndInvestments
588600000 usd
CY2024Q1 wtm Funds Held Under Reinsurance Agreements Assets Surplus Notes
FundsHeldUnderReinsuranceAgreementsAssetsSurplusNotes
322200000 usd
CY2023Q4 wtm Funds Held Under Reinsurance Agreements Assets Surplus Notes
FundsHeldUnderReinsuranceAgreementsAssetsSurplusNotes
322200000 usd
CY2024Q1 wtm Funds Held Under Reinsurance Agreements Assets Interest Receivable
FundsHeldUnderReinsuranceAgreementsAssetsInterestReceivable
18100000 usd
CY2023Q4 wtm Funds Held Under Reinsurance Agreements Assets Interest Receivable
FundsHeldUnderReinsuranceAgreementsAssetsInterestReceivable
37700000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
236400000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
179500000 usd
CY2024Q1 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
2700000 usd
CY2023Q1 us-gaap Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
2200000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
233700000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
233700000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
177300000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177300000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2559700 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2569900 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
28600 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
31100 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2531100 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2538800 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2559700 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2569900 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
28600 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
31100 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2531100 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2538800 shares
CY2024Q1 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
1.00
CY2024Q1 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
1.00
CY2023Q1 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
1.00
CY2023Q1 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
1.00
CY2024Q1 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
91.33
CY2024Q1 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
91.33
CY2023Q1 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
68.83
CY2023Q1 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
68.83
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
92.33
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
92.33
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
69.83
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
69.83
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
233700000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
177300000 usd
CY2024Q1 wtm Dividends Common Stock Cash Net Of Restricted Stock
DividendsCommonStockCashNetOfRestrictedStock
2500000 usd
CY2023Q1 wtm Dividends Common Stock Cash Net Of Restricted Stock
DividendsCommonStockCashNetOfRestrictedStock
2500000 usd
CY2024Q1 us-gaap Undistributed Continuing Operation Earnings Loss Basic
UndistributedContinuingOperationEarningsLossBasic
231200000 usd
CY2023Q1 us-gaap Undistributed Continuing Operation Earnings Loss Basic
UndistributedContinuingOperationEarningsLossBasic
174800000 usd
CY2023Q4 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceShares
37031 shares
CY2023Q4 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiability
69400000 usd
CY2022Q4 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceShares
39449 shares
CY2022Q4 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiability
67500000 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Shares Paid In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesSharesPaidInPeriod
13475 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Shares Paid In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilitySharesPaidInPeriod
44900000 usd
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Shares Paid In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesSharesPaidInPeriod
13350 shares
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Shares Paid In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilitySharesPaidInPeriod
40800000 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesGrantsInPeriod
10405 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityGrantsInPeriod
0 usd
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesGrantsInPeriod
10895 shares
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityGrantsInPeriod
0 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Forfeited And Cancelled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesForfeitedAndCancelledInPeriod
46 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Forfeited And Cancelled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityForfeitedAndCancelledInPeriod
300000 usd
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Forfeited And Cancelled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesForfeitedAndCancelledInPeriod
37 shares
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Forfeited And Cancelled In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityForfeitedAndCancelledInPeriod
400000 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Expense In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityExpenseInPeriod
19400000 usd
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Expense In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityExpenseInPeriod
9300000 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceShares
34007 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiability
44200000 usd
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceShares
37031 shares
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiability
36400000 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesGrantsInPeriod
10405 shares
CY2023Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesGrantsInPeriod
10895 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Nonvested Number Before Assumed Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesNonvestedNumberBeforeAssumedForfeitures
34525 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Before Assumed Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityBeforeAssumedForfeitures
45000000.0 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesForfeitedInPeriod
518 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiabilityForfeitedInPeriod
800000 usd
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceShares
34007 shares
CY2024Q1 wtm Share Based Compensation Arrangement By Share Based Payment Award Performance Shares Accrued Liability
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceSharesAccruedLiability
44200000 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
420200000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
321100000 usd
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2024Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
319000000.0 usd
CY2024Q1 us-gaap Net Investment Income
NetInvestmentIncome
57000000.0 usd
CY2024Q1 us-gaap Investment Income Net
InvestmentIncomeNet
0 usd
CY2024Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
25500000 usd
CY2024Q1 us-gaap Other Income
OtherIncome
19000000.0 usd
CY2024Q1 us-gaap Revenues
Revenues
647300000 usd
CY2024Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
185800000 usd
CY2024Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
71600000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
7600000 usd
CY2024Q1 wtm Broker Commission Expense
BrokerCommissionExpense
9300000 usd
CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
125200000 usd
CY2024Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
15200000 usd
CY2024Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
414700000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
232600000 usd
CY2023Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
262800000 usd
CY2023Q1 us-gaap Net Investment Income
NetInvestmentIncome
39000000.0 usd
CY2023Q1 us-gaap Investment Income Net
InvestmentIncomeNet
0 usd
CY2023Q1 us-gaap Insurance Commissions And Fees
InsuranceCommissionsAndFees
3300000 usd
CY2023Q1 us-gaap Other Income
OtherIncome
28700000 usd
CY2023Q1 us-gaap Revenues
Revenues
531900000 usd
CY2023Q1 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
147800000 usd
CY2023Q1 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
62500000 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
13900000 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
96000000.0 usd
CY2023Q1 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2400000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
15000000.0 usd
CY2023Q1 us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
332800000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
199100000 usd
CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
15900000 usd
CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7700000 usd

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