Bermuda-based insurer White Mountain reported 2007 fourth-quarter net income fell 66 percent, with drops in income in both its reinsurance and personal line auto divisions.

The company reported that consolidated net income in the fourth quarter compared to the same period in 2006 was down by $198 million to $101 million. Earnings per share dropped $18.15 a share to $9.55. Revenues were down 11 percent in the quarter, falling by $148 million to $1.2 billion.

For the year, net income fell 39 percent compared to 2006, down by $266 million to $407 million. Earnings per share dropped $24.43 to $37.89 a share. Revenues for the year were off more than 1 percent, or $60 million, to $4.7 billion.

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