MediaAlpha Announces $16 Million Private Stock Repurchase
Key Highlights
- ➤MediaAlpha (MAX) repurchased 1.13 million shares for approximately $16.0 million
- ➤Shares were bought privately at $14.15, a 5.5% discount to November 11’s close
- ➤Repurchased shares will be canceled and retired
- ➤MediaAlpha has repurchased $131 million, or approximately 18% of shares, since July 2025
- ➤White Mountains retained approximately 19% of MediaAlpha after the transaction
Expert Statements
Tigran Sinanyan, Chief Financial Officer of MediaAlpha
“We opportunistically repurchased a significant number of shares at a discount to the market price because we are confident in MediaAlpha’s strategy, execution, and multi-year growth prospects.”
Tigran Sinanyan, Chief Financial Officer of MediaAlpha
“Including this transaction, we have repurchased $131 million of our stock since July 2025, or approximately 18% of our shares outstanding at that time, and we expect stock repurchases to be a part of our capital allocation strategy for the foreseeable future.”
LOS ANGELES, Nov. 12, 2026 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX), the insurance industry’s leading programmatic customer acquisition platform, today announced that it has repurchased 1.13 million shares of its Class A common stock from an affiliate of White Mountains Insurance Group, Ltd. (NYSE: WTM) for approximately $16.0 million. MediaAlpha bought the shares in a privately negotiated transaction at $14.15 per share, a discount of approximately 5.5% to the closing price of its Class A common stock on November 11, 2026. The repurchased shares will be canceled and retired.
“We opportunistically repurchased a significant number of shares at a discount to the market price because we are confident in MediaAlpha’s strategy, execution, and multi-year growth prospects,” said Tigran Sinanyan, Chief Financial Officer of MediaAlpha. “Including this transaction, we have repurchased $131 million of our stock since July 2025, or approximately 18% of our shares outstanding at that time, and we expect stock repurchases to be a part of our capital allocation strategy for the foreseeable future.”
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