WTM

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White Mountains Insurance Group, Ltd.

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Key Metrics

Previous Close: $2,129.20
52-Week Range: $1,648.00 – $2,333.00
Market Cap: $5.05B
P/E (TTM): 4.85
EPS (TTM): 436.49
Dividend Yield: 0.05%

Advanced Metrics

Price/Book: 0.96
PEG Ratio: 0.81
Return on Equity: 20.36%
Return on Assets: 3.55%
Gross Margin: 53.34%
Operating Margin: 36.41%
Profit Margin: 37.66%
Current Ratio: 1.42
Debt/Equity: 0.15
Total Debt: $932.50M
Free Cash Flow: $687.00M
Revenue Growth: 22.50%
Earnings Growth: 68.80%
Enterprise Value: $5.73B

WTM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.16B	$2.17B	$2.35B	$2.89B
Selling, General & Admin	$364.10M	$432.60M	$490.10M	$606.60M
Pretax Income	-$149.40M	$565.40M	$316.70M	$1.33B
Income Tax	$41.40M	-$15.50M	$32.60M	$126.90M
Net Income	$792.80M	$509.20M	$230.40M	$1.11B
Diluted EPS	276.96	198.60	89.79	430.14
Diluted Shares	2.86M	2.56M	2.57M	2.57M

WTM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$255.00M	$121.70M	$190.90M	$184.90M
Receivables	$1.15B	$1.06B	$1.36B	$1.74B
Total Assets	$7.39B	$8.39B	$9.93B	$12.31B
Long-Term Debt	$575.20M	$564.60M	$562.50M	$837.00M
Total Debt	$575.20M	$564.60M	$562.50M	$837.00M
Total Liabilities	$3.45B	$3.82B	$4.79B	$6.05B
Retained Earnings	$3.21B	$3.69B	$3.92B	$4.85B
Shareholders' Equity	$3.75B	$4.24B	$4.48B	$5.43B
Net Debt	$320.20M	$442.90M	$371.60M	$652.10M

WTM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$365.00M	$404.10M	$586.80M	$550.50M
Free Cash Flow	$365.00M	$404.10M	$586.80M	$550.50M
Depreciation & Amortisation	$4.30M	-$17.80M	-$6.40M	$9.00M
Investing Cash Flow	$115.50M	-$543.90M	-$447.00M	-$666.90M
Financing Cash Flow	-$344.90M	$7.20M	$4.20M	$35.60M
Dividends Paid	-$3.00M	-$2.60M	-$2.50M	-$2.60M
Share Repurchases	-$615.80M	-$32.70M	-$7.90M	-$202.60M
Net Change in Cash	$135.60M	-$132.60M	$144.00M	-$80.80M

WTM Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$577.80M	$689.20M	$864.20M	$754.30M	$517.80M
Selling, General & Admin	$96.00M	$137.50M	$176.80M	$196.30M	$144.90M
Pretax Income	$72.40M	$176.50M	$178.80M	$901.00M	-$25.50M
Income Tax	$9.60M	$12.90M	$17.10M	$87.30M	$800.00K
Net Income	$33.90M	$122.90M	$113.80M	$835.80M	-$27.20M
Diluted EPS	13.19	47.75	44.18	327.23	-12.59
Diluted Shares	2.54M	2.54M	2.54M	2.55M	2.45M

WTM Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$312.00M	$238.30M	$329.00M	$184.90M	$135.90M
Receivables	$2.67B	$2.95B	$2.52B	$1.74B	$2.54B
Total Assets	$11.00B	$11.82B	$12.35B	$12.31B	$13.17B
Long-Term Debt	$676.10M	$590.00M	$765.80M	$837.00M	$834.80M
Total Debt	$676.10M	$590.00M	$765.80M	$837.00M	$834.80M
Total Liabilities	$5.87B	$6.48B	$6.63B	$6.05B	$6.99B
Retained Earnings	$3.94B	$4.07B	$4.18B	$4.85B	$4.79B
Shareholders' Equity	$4.51B	$4.64B	$4.77B	$5.43B	$5.37B
Net Debt	$364.10M	$351.70M	$436.80M	$652.10M	$698.90M

WTM Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$40.20M	$177.50M	$359.30M	$53.90M	$30.50M
Free Cash Flow	-$40.20M	$177.50M	$359.30M	$53.90M	$30.50M
Depreciation & Amortisation	$1.10M	-$800.00K	$2.30M	$6.40M	$4.80M
Investing Cash Flow	$7.30M	-$163.80M	-$295.40M	-$215.00M	-$29.80M
Financing Cash Flow	$78.50M	$12.10M	$72.50M	-$127.50M	-$49.30M
Dividends Paid	-$2.60M	$0.00	$0.00	$0.00	-$2.40M
Share Repurchases	-$9.90M	$0.00	$0.00	-$192.70M	-$25.90M
Net Change in Cash	$45.60M	$25.80M	$136.40M	-$288.60M	-$48.60M

Market Snapshot

About

White Mountains Insurance Group, Ltd. is a Bermuda-domiciled financial services holding company. The company invests in insurance and related businesses, focusing on property and casualty insurance and reinsurance operations.