White Mountains Announces Preliminary Results of Its Tender Offer

Core Viewpoint - White Mountains Insurance Group, Ltd. announced the preliminary results of its modified Dutch auction tender offer to purchase up to $300 million in common shares, which expired on December 19, 2025 [1] Group 1: Tender Offer Details - A total of 67,186 shares were properly tendered at or below the purchase price of $2,050 per share, including 16,589 shares tendered by notice of guaranteed delivery [2] - The company expects to purchase all validly tendered shares for approximately $137.7 million, representing about 2.6% of White Mountains's shares outstanding as of November 19, 2025 [2] - The final number of shares to be purchased and the final purchase price will be announced after the completion of the confirmation process by the depositary [3] Group 2: Outstanding Shares and Contact Information - Following the payment for the accepted shares, the company expects to have approximately 2,476,555 common shares outstanding [4] - Shareholders seeking additional information about the tender offer can contact D.F. King & Co. or the dealer managers BofA Securities, Inc. and Barclays Capital Inc. [4]