White Mountains Insurance Group layoffs, on the record
Every job cut, severance charge and restructuring White Mountains Insurance Group reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | 1,648 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBamboo recorded restructuring expenses of $0.8 million in 2024, which were added back to calculate MGA adjusted EBITDA.
Word for word“Restructuring expenses .8 MGA adjusted EBITDA (1) $ 52.7 (1) See “NON-GAAP FINANCIAL MEASURES” on page 79 .” 10-K for 2024
Our summaryBamboo's restructuring expenses were described as costs directly related to its corporate restructuring and capital planning activities associated with the development of new markets.
Word for word“Restructuring expenses - Represents costs directly related to Bamboo’s corporate restructuring and capital planning activities associated with the development of new markets.” 10-K for 2024
Our summaryIn 2024, PassportCard/DavidShield restructured its organizational structure so that White Mountains and its co-investor no longer held a direct investment in PassportCard Limited, without changing governance or White Mountains's economic rights.
Word for word“In 2024, PassportCard/DavidShield restructured its organizational structure such that White Mountains and its co-investor no longer have a direct investment in PassportCard Limited.” 10-K for 2024
Our summaryBamboo, a White Mountains business, incurred restructuring expenses tied to its corporate restructuring and capital planning activities, which are excluded from MGA adjusted EBITDA.
Word for word“Restructuring expenses - Represents costs directly related to Bamboo’s corporate restructuring and capital planning activities.” 10-K for 2025
White Mountains Insurance Group has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from White Mountains Insurance Group’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.