Loss and loss adjustment expenses

White Mountains Insurance Group·Business Segments·7 segments·Rolls up to Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

Breakdown

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
P&C Insurance and Reinsurance (Ark/WM Outrigger)	$176M	$288.3M	$211.8M	$233.5M	$164M	$254.6M	$192.1M	$206.7M
Asset Management (Kudu)	$0	$0	$0	$0	$0	$0	$0	$0
Financial Guarantee (HG Global)	$0	$0	$0	$0	$0	$0	$0	$0
P&C Insurance Distribution (Bamboo)	—	—	—	$10.9M	$1.7M	$3.3M	$18M	$0
Specialty Insurance Distribution (Distinguished)	—	—	—	—	—	$0	$0	$0
Total	$183.9M	$296.9M	$221.9M	$261.8M	$166.5M	$258.5M	$195.4M	$207M

Ark Insurance Holdings Limited/OutriggerView metric

Asset Management (Kudu)View metric

Financial Guarantee (HG Global)View metric

P&C Insurance and Reinsurance (Ark/WM Outrigger)View metric

P&C Insurance Distribution (Bamboo)View metric

Specialty Insurance Distribution (Distinguished)View metric