Net investment income

White Mountains Insurance Group·Business Segments·7 segments·Rolls up to Net investment income

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)	$22.3M	$24.3M	$24.2M	$23.5M	$26.3M	$27.2M	$29.5M	$28.7M
Asset Management (Kudu)	$15.7M	$17.2M	$16.6M	$19.4M	$19.3M	$18M	$22M	$20.8M
Financial Guarantee (HG Global)	$10.4M	$6M	$6.1M	$6.3M	$6.5M	$7M	$7.3M	$7.7M
Specialty Insurance Distribution (Distinguished)	—	—	—	—	—	$200K	$800K	$700K
HG Global/BAM - Segment	$8.05M	$8.05M	$8.05M	$6.78M	$6.78M	$6.78M	$6.78M	—
Total	$57.4M	$57.7M	$55.3M	$59.6M	$61.4M	$59.2M	$67.8M	$71.4M

Bamboo Captive, Bamboo CRV, HG Global/BAM - Segment are derived from annual filings.

Asset Management (Kudu)View metric

Bamboo CaptiveView metric

Financial Guarantee (HG Global)View metric

HG Global/BAM - SegmentView metric

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

Specialty Insurance Distribution (Distinguished)View metric