secwatch.observer — SEC 8-K summary
======================================

Issuer:     WHITE MOUNTAINS INSURANCE GROUP LTD (WTM)
CIK:        0000776867
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001628280-25-049888
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

White Mountains Q3 BVPS $1,851 (+3%); sells 77% of Bamboo to CVC for ~$325/share boost
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/776867/000162828025049888/0001628280-25-049888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/776867/000162828025049888/wtm-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-049888

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer