Risk Factors Update Summary
- Total goodwill and other intangible assets decreased from $392 million to $371 million.
- White Mountains' ownership in BAM Surplus Notes decreased from $340 million to $322 million.
- Investment in securities increased from $912 million to $1,138 million.
- Closing price per share of stock increased from $95 to $15.
- Loss and LAE reserves increased from $169 million to $255 million.
- Potential impact of non-compliance with Bermuda corporate income tax and OECD Pillar Two rules.
- Changes in tax regulations in Bermuda, EU, Luxembourg, and the UK could affect financial condition.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=776867&owner=exclude
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