White Mountains Q1 ABVPS up 5% to $1,567; Ark combined ratio 94%, GWP up 28%

WHITE MOUNTAINS INSURANCE GROUP LTD

2023-Q1 EPS reported $69.83 revenue$531,900,000

Comprehensive income attributable to common shareholders $180M vs $31M in Q1 2022.
Ark gross written premiums $809M (+28% YoY); combined ratio 94% (vs 100% Q1 2022).
Kudu adjusted EBITDA $11M; annualized adjusted EBITDA $37M; new deployment closed.
MediaAlpha investment value $254M, up from $169M at year-end; $85M mark-to-market gain.
Repurchased 18,623 shares for $25M at avg $1,360.30 (87% of ABVPS).

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 the three months ended March 31, 2023.

Period: the three months ended March 31, 2023
Result: reported results

Exact text from the filing

White Mountains Insurance Group, Ltd. issued a press release announcing its results for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0000776867-23-000005

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