MediaAlpha Highlights Disclosures in White Mountains Insurance Group, Ltd. Form 10-Q Filed November 8, 2021
08 Novembro 2021 - 10:52AM
Business Wire
MediaAlpha, Inc. (NYSE: MAX), today announced that, in
connection with White Mountains Insurance Group, Ltd.’s (“White
Mountains”) Form 10-Q filed today with the Securities and Exchange
Commission (“SEC”), White Mountains was required to disclose
certain summarized preliminary financial information for
MediaAlpha’s fiscal quarter ended September 30, 2021, as set forth
below:
- Total revenues of $152.7 million
- Total expenses, net of $157.0 million
- Net loss of $4.3 million
- Total assets of $245.5 million
- Total liabilities of $318.4 million
As of September 30, 2021, MediaAlpha is a significant investee
of White Mountains and accordingly, White Mountains presents
certain summarized financial information of MediaAlpha within the
notes to its financial statements. As of September 30, 2021, White
Mountains owned 16,939,998 shares of MediaAlpha Class A common
stock, representing an approximately 28% ownership interest (26% on
a fully diluted, fully converted basis).
The summary financial information of MediaAlpha that is included
in White Mountains’ quarterly report is preliminary and may be
revised in MediaAlpha’s Form 10-Q for the quarter ended September
30, 2021. The summary financial information also may not be
indicative of trends in other financial or operating metrics,
including Adjusted EBITDA. MediaAlpha undertakes no obligation to
update or supplement the information provided above until the
Company reports its results of operations for the fiscal quarter
ended September 30, 2021.
MediaAlpha will report its third quarter 2021 financial results
on Wednesday, November 10, 2021 after market close. The Company
will host a Q&A conference call to discuss these results at
2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
Participants may also dial in, toll-free at (888) 330-2022 or (646)
960-0690, with passcode 3195092.
A live webcast of the call will be available on MediaAlpha’s
Investor Relations website at https://investors.mediaalpha.com. To
register for the webcast, click here.
An audio replay of the conference call will be available for two
weeks following the call at https://investors.mediaalpha.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including with respect to the summary financial information
for the fiscal quarter ended September 30, 2021. These
forward-looking statements reflect our current views with respect
to, among other things, future events and our financial
performance. These forward-looking statements reflect our current
views with respect to, among other things, future events and our
financial performance. These statements are often, but not always,
made through the use of words or phrases such as “may,” “should,”
“could,” “predict,” “potential,” “believe,” “will likely result,”
“expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,”
“intend,” “plan,” “projection,” “would,” and “outlook,” or the
negative version of those words or other comparable words or
phrases of a future or forward-looking nature. These
forward-looking statements are not historical facts, and are based
on current expectations, estimates and projections about our
industry, management’s beliefs and certain assumptions made by
management, many of which, by their nature, are inherently
uncertain and beyond our control. Accordingly, we caution you that
any such forward-looking statements are not guarantees of future
performance and are subject to risks, assumptions and uncertainties
that are difficult to predict. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements.
There are or will be important factors that could cause our
actual results to differ materially from those indicated in these
forward-looking statements, including those more fully described in
MediaAlpha’s filings with the Securities and Exchange Commission
(“SEC”), including the Annual Report on Form 10-K filed with the
SEC on March 15, 2021, the Form 10-Q filed on May 14, 2021, and the
Form 10-Q filed on August 13, 2021. These factors should not be
construed as exhaustive. MediaAlpha disclaims any obligation to
update any forward-looking statements to reflect events or
circumstances that occur after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20211108005686/en/
Investors Denise Garcia Hayflower Partners
Denise@HayflowerPartners.com
Press Louise@MediaAlpha.com
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