White Mountains Q3 ABVPS up 1% to $1,588; acquires Bamboo, launches WM Partners

WHITE MOUNTAINS INSURANCE GROUP LTD

2023-Q3 EPS reported $86.82 revenue$1,429,900,000

Book value per share $1,542, adjusted $1,588, both up 1% in Q3 and 6% YTD including dividends.
BAM gross written premiums & MSC $36M in Q3 vs $46M a year ago; Ark combined ratio 81% (87% year ago).
WM Outrigger Re combined ratio 44%, pre-tax income $37M; Kudu annualized adjusted EBITDA grew to $47M.
MediaAlpha share price decline reduced ABVPS by 1%; carrying value $189M vs $236M at June 30.
Announced acquisition of Bamboo and launch of WM Partners; undeployed capital roughly $400M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WHITE MOUNTAINS INSURANCE GROUP LTD reported financial results for three months ended September 30, 2023.

Period: three months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 6, 2023, White Mountains Insurance Group, Ltd. issued a press release announcing its results for the three and nine months ended September 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WHITE MOUNTAINS INSURANCE GROUP LTD reported financial results for nine months ended September 30, 2023.

Period: nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 6, 2023, White Mountains Insurance Group, Ltd. issued a press release announcing its results for the three and nine months ended September 30, 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0000776867-23-000016

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