White Mountains Q3 BVPS up 28% to $1,439; $876M net gain from NSM sale drives comprehensive income of $890M

WHITE MOUNTAINS INSURANCE GROUP LTD

2022-Q3 EPS reported $254.24 revenue$720,300,000

Adjusted BVPS of $1,471 as of Sept 30, up 28% quarter-over-quarter; YTD increase including dividends of 24%.
Q3 comprehensive income $890M; net gain from NSM sale of $876M, closed Aug 1, added ~$300 to ABVPS.
Ark adjusted combined ratio 86% (87% GAAP) despite $51M net Hurricane Ian losses; GWP up 33% YoY to $216M.
BAM insured $4.1B par in Q3; GWP $46M; pricing 110 bps; Kudu revenues $56M, adjusted EBITDA $12M.
Repurchased 366,645 shares for $509M in Q3 at avg $1,388 (94% of ABVPS); YTD repurchases $611M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WHITE MOUNTAINS INSURANCE GROUP LTD reported financial results for three and nine months ended September 30, 2022.

Period: three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 7, 2022, White Mountains Insurance Group, Ltd. issued a press release announcing its results for the three and nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0000776867-22-000015

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