Premiums Earned, Net

White Mountains Insurance Group·Business Segments·8 segments·Rolls up to Net premiums earned

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)	$318.3M	$552.2M	$414.5M	$358M	$364.2M	$542.2M	$433M	$373.8M
Financial Guarantee (HG Global)	$9M	$7.5M	$7.4M	$8.2M	$7.1M	$7.5M	$8M	$7.7M
Asset Management (Kudu)	$0	$0	$0	$0	$0	$0	$0	$0
P&C Insurance Distribution (Bamboo)	—	—	—	$14.9M	$1.6M	$5.2M	$5M	$0
Specialty Insurance Distribution (Distinguished)	—	—	—	—	—	$0	$0	$0
Total	$343.9M	$581.5M	$447.2M	$395M	$375.2M	$557.8M	$449.1M	$384.9M

Bamboo Captive, Bamboo CRV are derived from annual filings.

Ark Insurance Holdings Limited/OutriggerView metric

Asset Management (Kudu)View metric

Bamboo CaptiveView 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