secwatch.observer — SEC 8-K summary
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Issuer:     WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK:        0000776867
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0000776867-22-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White Mountains Q2 comprehensive loss of $174M; closes NSM sale adding ~$300 per share to book value
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- Comprehensive loss attributable to common shareholders of $174M in Q2 2022 vs. $139M gain in Q2 2021.
- Closed sale of NSM to Carlyle on Aug 1; estimated net gain of $300 per share, pro forma ABVPS ~$1,452.
- BAM insured record par of $5.9B in Q2; Ark gross written premiums up 23% YoY, GAAP combined ratio 87%.
- MediaAlpha investment value fell to $167M (from $280M at Q1 end), contributing $114M unrealized loss.
- Repurchased 53,100 shares for $63M in Q2 at avg $1,179.96; undeployed capital ~$1.6B after NSM sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776867/000077686722000014/0000776867-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776867/000077686722000014/wtm8-kq22022earningsrelease.htm
  HTML page:      https://secwatch.observer/filing/0000776867-22-000014

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