secwatch.observer — SEC 8-K summary
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Issuer:     WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK:        0000776867
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000776867-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White Mountains reports 1% ABVPS increase in Q2; Ark GWP up 50% YoY
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- Book value per share $1,532; adjusted book value per share $1,576 as of June 30, 2023.
- Ark combined ratio 89%; gross written premiums $606M (+50% YoY); risk-adjusted rate change +21%.
- MediaAlpha share price decline reduced ABVPS by 2%; tender offer for 5.9M shares at $10.00 completed.
- BAM gross written premiums & MSC down to $26M in Q2 from $41M last year; pricing up to 77 bps.
- Total consolidated portfolio return excluding MediaAlpha: 3.0%; repurchased 5,542 shares for $7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776867/000077686723000012/0000776867-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776867/000077686723000012/wtm-20230807.htm
  HTML page:      https://secwatch.observer/filing/0000776867-23-000012

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