Allan Waters has been at the helm of White Mountains Insurance Group, Ltd. since 2007, leading the reinsurance subsidiary, Sirius International Insurance Group. He's known for aligning executive pay with long-term performance, with his compensation reflecting a strong focus on...

Allan Waters has been at the helm of White Mountains Insurance Group, Ltd. since 2007, leading the reinsurance subsidiary, Sirius International Insurance Group. He's known for aligning executive pay with long-term performance, with his compensation reflecting a strong focus on results. In 2013, for instance, Waters earned a total of $6,475,783, which included a salary of $500,000 and a performance bonus of $337,500, awarded for exceeding targets. He was granted performance shares that paid out based on the company's success in key financial metrics, like underwriting return on capital. In 2015, underlining his value to the company, he received performance units worth $5.5 million due to the company's impressive results. Many of his decisions and successes pull from his solid experience in the insurance field. Additionally, his career has seen a mix of strategic planning and practical execution, making him a key figure in navigating market challenges and driving growth for White Mountains.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other White Mountains Insurance Group CEOs

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Allan Waters

CEO of White Mountains Insurance Group

Sector of Economy

Financial Services

CEO of White Mountains Insurance Group for

18 years 1 month (Mar 2007 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Allan Waters

Holdings

See how much did Allan Waters make over time.

As CEO, Allan Waters has seen substantial changes in his holdings over the years, particularly with his stock in Sirius Group and White Mountains. In 2013, he had about $1.5 million in vested stock. Over the years, his performance units...

As CEO, Allan Waters has seen substantial changes in his holdings over the years, particularly with his stock in Sirius Group and White Mountains. In 2013, he had about $1.5 million in vested stock. Over the years, his performance units have fluctuated with the company's success—his Sirius Group units alone were valued around $5.5 million based on performance cycles. This is noteworthy considering that the performance metrics include elements like underwriting returns and growth in intrinsic business value. His most significant holdings peaked when Sirius performed well, reflecting his direct alignment with the company’s fortunes. As of the latest filings, he maintained significant vested shares and performance units that remain valuable ties to White Mountains.

Charitable Transactions

WTM

7,704 shares

WTM

Recent Charitable Transactions

WTM

7,704 shares

WTM

Dec 31, 2012

Charity

Insider Trading

See recent insider trades of Allan Waters.

WTM

1,200 shares

WTM

Feb 25, 2015

Received

WTM

1,200 shares

WTM

Nov 19, 2014

Received

WTM

2,145 shares

WTM

Feb 26, 2014

Received

WTM

1,335 shares

WTM

Feb 27, 2013

Received

WTM

7,700 shares

WTM

Dec 31, 2012

Charity

WTM

7,704 shares

WTM

Dec 31, 2012

Charity

WTM

1,485 shares

WTM

Feb 22, 2012

Received

WTM

6,122 shares

WTM

Feb 22, 2012

Received

WTM

$804.00K

WTM at $402.00/share

May 27, 2011

Purchase

WTM

1,650 shares

WTM

Feb 23, 2011

Received

Compensation History

See how much did Allan Waters make over time.

Allan Waters has consistently received a competitive compensation package, reflecting his leadership role at White Mountains Insurance Group. In 2013, he was compensated a total of $6,475,783, which included a base salary of $500,000 and an annual performance bonus of $337,500. His pay is strategically linked to performance metrics, which means that his bonuses and stock awards are tied to the company's achievement in important financial areas. For instance, in the same year, he vested shares worth $1.2 million, highlighting how his remuneration aligns with company success. Over the years, he has navigated through varying levels of compensation, influenced by the outcome of performance cycles, ensuring that he and the company grow together. This approach not only incentivizes him but also aligns the interests of shareholders and management towards long-term success.

Year

2013

Total Compensation

$2.22M

Salary

$500.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning management's financial interests with those of shareholders, with a focus on long-term incentives tied to company performance.

Bonus

$337.50K

Board Justification

Annual incentive bonuses earned based on performance, with a target of 50% of salary, awarded at 135% of target due to exceeding performance objectives.

Other

$138.11K

Board Justification

Includes director fees, personal use of corporate aircraft, 401(k) match, and other benefits.

Restricted Stock

$1.25M(2.15K WTM Performance Shares)

Board Justification

Vested WTM performance shares from the 2011-2013 performance cycle, which became fully vested on December 31, 2013 at 130% of target.

Performance Metrics

Performance metrics include annual growth in intrinsic business value per share and underwriting return on deployed capital.

Other White Mountains Insurance Group CEOs

Here are other CEOs of White Mountains Insurance Group

Liam P. Caffrey

CEO of White Mountains Insurance Group

March 2022 - Present