White Mountains completes sale of NSM Insurance Group to Carlyle for $1.4B net cash proceeds

WHITE MOUNTAINS INSURANCE GROUP LTD

Completed sale of NSM Insurance Group to Carlyle on August 1, 2022, receiving $1.4B net cash proceeds.
Gross proceeds $1.775B; proceeds used to repay NSM debt of $283M and pay transaction costs of $45M.
NSM segment assets and liabilities removed from balance sheet; pro forma total equity increases to $4.49B from $3.67B.
White Mountains generated estimated net gain of $836.9M after tax on the sale.
Pro forma statements show NSM results removed; continuing operations include HG Global/BAM, Ark, Kudu, and Other.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.