White Mountains Insurance Group WTM Contingent consideration fair value adjustment

Segments

P&C Insurance and Reinsurance (Ark/WM Outrigger)$10M+3.1%

Asset Management (Kudu)$0—

Financial Guarantee (HG Global)$0—

Specialty Insurance Distribution (Distinguished)$0—

Revenue$517.8M-10.4%

Gross profit$475.1M-16.7%

Net income-$27.2M-180%

Total debt$834.8M+23.5%

Total equity$5.4B+19.2%

Total assets$13.2B+19.7%

Operating cash flow$30.5M+176%

Market cap$4.99B+9.8%

P/E4.8×—

P/S1.4×-0.7×

Gross margin94.9%-3.7pp

Net margin28.4%—

Return on equity21.2%—

Debt / equity0.2×0.0×