earnings
confidence high
sentiment positive
materiality 0.85
White Mountains Q3 BVPS $1,851 (+3%); sells 77% of Bamboo to CVC for ~$325/share boost
WHITE MOUNTAINS INSURANCE GROUP LTD
2025-Q3 EPS reported
$105.18
revenue$2,131,200,000
- Book value per share $1,851, up 3% in Q3 and 6% YTD including dividends; pro-forma BVPS $2,176 after Bamboo sale.
- Ark combined ratio 76% in Q3 (vs 79% prior year); gross written premiums $2.3B YTD, up 18%.
- Bamboo sale to CVC: White Mountains sells ~77% stake; expected Q4 close adds ~$325 to BVPS.
- Kudu pre-tax income $44M, adjusted EBITDA $15M; trailing 12-month ROE 9%.
- Distinguished acquired for $224M cash on Sep 2; contributed $1M ScaleCo adjusted EBITDA in stub period.