secwatch.observer — SEC 8-K summary
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Issuer:     WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK:        0000776867
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0000776867-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776867/000077686722000015/0000776867-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776867/000077686722000015/wtm-20221107.htm
  HTML page:      https://secwatch.observer/filing/0000776867-22-000015

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