Reports Q4 revenue $437.6M vs. $261.0M a year ago. Reported adjusted book value per share of $1,495 as of December 31, 2022 from $1,470.84 as of September 30, 2022. Manning Rountree, CEO, commented, "We had a solid fourth quarter capping an excellent year. ABVPS was up 2% in the quarter and 26% for the full year. In the quarter, we had good results from our operating companies and positive returns in our investment portfolio. BAM produced $38 million of gross written premiums and member surplus contributions in the quarter, capping a record year. Ark produced strong underwriting results in both the quarter and the full year, while growing full-year gross written premiums 37%. Kudu grew the fair value of its continuing portfolio and closed two value-adding exit transactions in the quarter, capping a good all-around year. Our investment portfolio was up 2.1% in the quarter and down 1.6% for the full year, an excellent relative result. At year end, we successfully launched Outrigger Re, deploying $205 million of capital. We finished the year with roughly $900 million of undeployed capital."
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