White Mountains sees strong 2024 growth despite Q4 investment headwinds

Kudu reported total revenues of negative $9 million, a pre-tax loss of $20 million, and adjusted EBITDA of $14 million in the fourth quarter, compared to total revenues of $88 million, pre-tax income of $75 million, and adjusted EBITDA of $22 million in 2023. The quarter’s results included $17 million in net investment income, compared to $27 million in the prior year.