HAMILTON, Bermuda, Feb 27, 2003 /PRNewswire via COMTEX/ -- At its regular
meeting held on February 27, 2003, the Board of Directors of White Mountains
Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in
cash on March 26, 2003, to holders of Common Stock of record as of the close of
business on March 17, 2003.
White Mountains is a Bermuda-domiciled financial services holding company traded
on the New York Stock Exchange under the symbol WTM. Additional financial
information and other items of interest are available at the Company's web site
located at www.whitemountains.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release may contain "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of historical facts,
included or referenced in this release which address activities, events or
developments which we expect or anticipate will or may occur in the future are
forward-looking statements. The words "believe," "intend," "expect,"
"anticipate," "project," "estimate," "predict" and similar expressions are also
intended to identify forward-looking statements. These forward-looking
statements include, among others, statements with respect to White Mountains':
-- growth in book value per share or return on equity;
-- business strategy;
-- financial and operating targets or plans;
-- incurred losses and the adequacy of its loss and loss adjustment
-- projections of revenues, income (or loss), earnings (or loss) per
share, dividends, market share or other financial forecasts;
-- expansion and growth of its business and operations; and
-- future capital expenditures.
These statements are based on certain assumptions and analyses made by White
Mountains in light of its experience and perception of historical trends,
current conditions and expected future developments, as well as other factors
believed to be appropriate in the circumstances. However, whether actual results
and developments will conform with its expectations and predictions is subject
to a number of risks and uncertainties that could cause actual results to differ
materially from expectations, including:
-- the continued availability of capital and financing;
-- general economic, market or business conditions;
-- business opportunities (or lack thereof) that may be presented to it
-- competitive forces, including the conduct of other property and
casualty insurers and reinsurers;
-- changes in domestic or foreign laws or regulations applicable to White
Mountains, its competitors or its clients;
-- an economic downturn or other economic conditions adversely affecting
its financial position;
-- loss reserves established subsequently proving to have been inadequate;
-- other factors, most of which are beyond White Mountains' control.
Consequently, all of the forward-looking statements made in this press release
are qualified by these cautionary statements, and there can be no assurance that
the actual results or developments anticipated by White Mountains will be
realized or, even if substantially realized, that they will have the expected
consequences to, or effects on, White Mountains or its business or operations.
White Mountains assumes no obligation to update publicly any such
forward-looking statements, whether as a result of new information, future
events or otherwise.
SOURCE White Mountains Insurance Group
CONTACT: Dennis Beaulieu of White Mountains Insurance Group,
Copyright (C) 2003 PR Newswire. All rights reserved.