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White Mountains Sells Esurance to Allstate


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WTM sold Esurance for $700M and the sale will increase book value by $80/share.  Stock is up 15% today.  Cheers!




they got a good price for it. they grew it very nicely from the ground up but i'm shocked at how badly operated it, & the underwriting losses they sustained (last time i checked). at 1 point i thought it would prove to be their gem in the rough.

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