White Mountains Insurance Group, Ltd.

White Mountains Insurance Group, Ltd.

WTMยทNYSE

$2.03K

+0.50%
Financial ServicesInsurance - Property & Casualty

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark segment writes a portfolio of reinsurance and insurance, including property, marine and energy, accident and health, casualty, and specialty products. The NSM segment operates as a managing general agent and program administrator for specialty property and casualty insurance to various sectors comprising specialty transportation, real estate, social services, and pet. The Kudu segment provides capital solutions to boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisitions and growth finances, and legacy partner liquidity, as well as strategic assistance to investees. The Other Operations segment offers insurance solutions to travel industry through broker channel and on a direct-to-consumer basis; and manages separate accounts and pooled investment vehicles for insurance-linked securities sectors, including catastrophe bonds, collateralized reinsurance investments, and industry loss warranties of third-party clients. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.

At a Glance

Live Snapshot
Market Cap$5.04B
EPS430.1400
P/E Ratio4.73
Earnings Date08/06/2026
White Mountains Insurance Group, Ltd.

White Mountains Insurance Group, Ltd. Fair Value Envelope

WTM ยท NYSE

Our analysis suggests that WTM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $2034.55, this represents a potential HIDDEN relative to our calculated worth for White Mountains Insurance Group, Ltd..

Intrinsic Value
Current Price: $2034.55

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$6.2M
+ Cash & Equivalents$184.9M
Firm Value$178.7M
- Debt$837.0M
Equity Value-$658.3M
/ Shares Outstanding2,476,670B
DCF Value-$266
OVERVALUED BY 113%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$3.6M
-$1.8M
-$900.0K
-$450.0K
-$225.0K
-$112.5K
-$56.3K
-$28.1K
-$14.1K
-$7.0K
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
-$3.6M
-$1.8M
-$900.0K
-$450.0K
-$225.0K
-$112.5K
-$56.3K
-$28.1K
-$14.1K
-$7.0K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$3.3M
-$1.5M
-$714.4K
-$330.8K
-$153.1K
-$70.9K
-$32.8K
-$15.2K
-$7.0K
-$3.3K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.