White Mountains Insurance Group Earnings Call Transcripts
Fiscal Year 2026
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Book value per share grew 25% in 2025, fueled by the Bamboo sale and strong results across core businesses. Capital deployment remains disciplined, with $1.1 billion undeployed and a focus on patient, relationship-driven investments. AI and new business models are driving growth and differentiation across the portfolio.
Fiscal Year 2025
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Book value per share rose 8% in 2024, driven by strong results at Ark, Outrigger, and Bamboo, with new capital deployed in Broadstreed and Enterprise Solutions. The portfolio remains focused on insurance and financial services, with disciplined capital allocation and expansion into new markets and business lines.
Fiscal Year 2024
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Strong growth in book value and stock price was driven by disciplined capital deployment, robust operating results at Ark, Kudu, and new acquisition Bamboo, and a focus on control positions in insurance and related sectors. The company maintains a solid financial position, continues to outperform investment benchmarks, and is expanding into new sectors through White Mountains Partners.