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WHITE MOUNTAINS INSURANCE GROUP LTD - 10-K - Management's Discussion and Analysis of Financial Condition and Results of Operations

The following discussion also includes thirteen non-GAAP financial measures: adjusted book value per share, growth in adjusted book value per share excluding net realized and unrealized investment losses from White Mountains's investment in MediaAlpha, BAM's gross written premiums and MSC from new business, Ark's adjusted loss and loss adjustment...
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