10 points! Help with Book Value per share?

What is the difference between Book Value per Share and Book Value of Equity per Share?



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My conclusion so far is that they are both the same (almost 100% sure). Investopedia has both in its dictionary both with the same concept but with slightly different formulas (one shows more working out). It's logic anyway, book value per share is the value of the equity of the business, so it's the same as Book value of Equity per Share and simply Equity per Share.

Hello friends

If you are a certified public accountant it is most unlikely that you can learn anything from reading this book. You don't need to be told the basics of understanding what's presented in corporate annual reports. If you aren't a certified public accountant, and you find that annual reports are "over your head," this booklet can help you to grasp the facts contained in such reports and possibly become a better informed investor. That is our principal aim in publishing this booklet, but we also hope that it will be useful to other readers who want to understand how business works and to learn more about the companies that provide them with goods and services or that offer them employ
Most annual reports can be broken down into three sections: the Executive Letter, the business Review, and the Financial Review. The Executive Letter gives a broad overview of the company's business and financial performance. The Business Review summarizes recent developments, trends, and objectives of the company. The Financial Review is where business performance is quantified in dollars. This is the section we intend to clarify.
The Financial Review has two major parts: Discussion and Analysis, and Audited Financial Statements. A third part might include information supplemental to the Financial Statements. In the Discussion and Analysis, management explains changes in operating results from year to year. This explanation is presented mainly in a narrative format, with charts and graphs highlighting the comparisons. The Operating results are numerically captured and presented in the Financial Statements.

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Hi guys

White Mountains Insurance Group, Ltd. WTM reported an adjusted book value per share of $417 at December 31, 2009, an increase of 3% for the quarter and 18% for the year, including dividends.
Ray Barrette, Chairman and CEO, commented, "We had a good year. We grew adjusted book value per share by 18% in 2009, driven by strong investment and underwriting results. Our investment portfolio was up 10% in U.S. dollars and 8% in local currencies. These results were achieved despite a "de-risked" portfolio with few common stocks. Our fixed income team reinvested the bulk of the proceeds from equity sales into corporate bonds to produce a total return of 18% on that portfolio. OneBeacon had 31% growth in book value per share, driven by strong investment returns and a 94% combined ratio. OneBeacon took big steps as a specialty company by selling the Personal Lines and non-specialty Commercial Lines businesses. WMRe achieved an 80% combined ratio. Low catastrophes clearly helped, but we have made great strides in improving the operations and the balance sheet. Esurance had a good year with a GAAP combined ratio of 104%, down 2 points from the prior year. This is a bit less of an improvement than we could have achieved, as we decided to increase our advertising spend to take advantage of renewed growth opportunities. All in all, I am quite pleased with our results for the year. We have strong underwriting operations and we have a solid investment portfolio with much liquidity. We have

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