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
3Y-102.0%
5Y-44.0%
10Y-94.0%
3Y+37.0%
5Y+225.0%
10Y-83.0%
3Y-56.0%
5Y+841.0%
10Y-78.0%
WTM

White Mountains Insurance Group, Ltd. Cash Conversion Engine

WTM ยท NYSE
Net Income1.11B
Depreciation & Amortization0.00
Stock-Based Compensation20.30M
Change in Working Capital248.40M
Others-1.38B
Capital Expenditures0.00
Free Cash Flow-7.20M

Cash Flow Quality Analysis

FCF Conversion Rate

-0.7%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

-101.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$248.40M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

White Mountains Insurance Group, Ltd. Cash Flow Statement

WTM โ€ข NYSE

White Mountains Insurance Group, Ltd. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
1.1B
284.1M
509.2M
792.8M
-268.3M
701.7M
414.5M
-174.2M
36.1M
-6.1M
198.3M
52.8M
312.5M
193.4M
88.8M
91.9M
579.5M
-559.5M
407.4M
673.2M
0.0
-6.4M
-17.8M
4.3M
0.0
0.0
29.8M
25.7M
22.4M
20.4M
-400K
12.9M
28.6M
50.8M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
11.1M
0.0
0.0
0.0
0.0
24.8M
-8.4M
-11.4M
-12.5M
0.0
-22.5M
10.1M
-16.8M
-71M
56.5M
172.3M
-466.9M
65.1M
33.2M
20.3M
0.0
15.3M
66.1M
0.0
0.0
0.0
13M
0.0
18.5M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-1.4B
-58.5M
-449.3M
-547M
392.5M
-659.1M
-647.3M
108.3M
-139M
41.3M
44.6M
-17M
-241.4M
-67.3M
67.6M
-71M
-420.1M
1.1B
-159.9M
-176.9M
248.4M
356.5M
346.7M
117.8M
-26M
-55.4M
57.7M
4.5M
29.5M
-192.2M
0.0
92.6M
-138.5M
-189.7M
-199.9M
-21.4M
-378.4M
38.6M
41.7M
-434M
-7.2M
586.8M
404.1M
434M
98.2M
-12.8M
-120.5M
-31.1M
-62.4M
-130.6M
242.5M
118.8M
-28.7M
-29.6M
-114.5M
56M
-46.7M
89.1M
354.3M
95.5M
INVESTING ACTIVITIES
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-4.3M
(0.0)
-4M
-11.7M
-2.3M
-5.5M
-7.8M
-11.3M
-9.6M
-26.2M
-19.8M
(0.0)
-215.6M
(87.1M)
-67.9M
(80M)
-56.5M
-258M
-295.2M
(1.1B)
(2.5B)
(47M)
-186.4M
(0.0)
-16.5M
(1B)
(183.4M)
-248.1M
-212.7M
-51.6M
(738.4M)
(0.0)
-2B
-1.5B
(0.0)
-1.6B
-648.3M
-746.7M
-1.4B
-3.3B
-4.8B
(0.0)
-3B
-4.6B
-6.3B
-5.6B
-4.6B
-3.9B
-5.2B
-8.8B
-7B
0.0
1.6B
793.2M
0.0
721.9M
1.4B
942.7M
2.2B
2.8B
3.7B
0.0
3.3B
4.9B
7.1B
5.1B
4.8B
4.3B
6.5B
8.4B
6.2B
212.7M
200.6M
43.7M
223.6M
634.9M
-646.7M
2.1M
-10.6M
180.9M
-134.2M
-67M
-79.6M
112.5M
86.7M
257.1M
77.1M
248.1M
0.0
90.1M
-304.9M
(212.7M)
-447M
-543.9M
(155.7M)
-204M
(65.5M)
-59.9M
(459.2M)
(715.5M)
(1.3B)
-20M
-40.2M
(401.8M)
(829.6M)
(799.6M)
(485.3M)
(365.1M)
(1B)
-314.8M
-344.1M
FINANCING ACTIVITIES
-202.6M
-7.9M
-32.7M
-615.8M
-107.5M
-78.5M
0.0
-511.9M
-714.6M
-877.6M
-268.6M
-129.9M
-79.8M
-669.1M
-252.1M
-235.4M
500K
-835.4M
-178.8M
600K
277.2M
-1.5M
-13.3M
157.1M
281.6M
80.1M
183.5M
68.7M
11M
-52.1M
90M
63.1M
-80.7M
66.1M
-138.5M
-211.3M
-313.4M
-124.3M
52.4M
327.4M
-2.6M
-2.5M
-2.6M
-3M
-3.1M
-3.2M
-3.2M
-3.8M
-4.6M
-5.4M
-6M
-6.2M
-6.2M
-25.4M
-26.8M
-27.6M
-8.4M
-142.4M
-150.2M
-116.5M
-202.6M
-7.9M
-32.7M
-615.8M
-107.5M
-78.5M
-62.7M
-511.9M
-714.6M
-881.3M
-268.6M
-129.9M
-79.8M
-669.1M
-253M
-236.1M
-400K
-836M
-181M
(0.0)
-277.2M
16.1M
55.8M
-100K
-21.8M
-20.2M
50.2M
32.7M
71.1M
-13.3M
-17.2M
-56.6M
-19.8M
-19.8M
-42.8M
-75.9M
-38.9M
300M
17.6M
0.0
-205.2M
4.2M
7.2M
-461.8M
149.2M
-21.8M
230.5M
-414.3M
-637.1M
-948.4M
-205.5M
-129.6M
-186.5M
-648.2M
-460.2M
-550.2M
-360.2M
-1.1B
-32.4M
211.5M
CASH FLOW SUMMARY
0.0
0.0
0.0
-20.6M
-753.2M
665.6M
600K
-600K
0.0
0.0
0.0
0.0
-200K
3.1M
-1.5M
8.1M
6.8M
-7.7M
5.2M
8.4M
300K
144M
-132.6M
107.3M
-709.8M
696.5M
50.7M
13.2M
16.9M
-17.4M
-64.5M
-800K
114.1M
-39.3M
148.3M
-800K
-35M
21.1M
12.3M
-28.7M
100K
122.4M
255M
147.7M
857.5M
161M
110.3M
97.1M
80.2M
77.8M
232.7M
233.5M
118.9M
251.9M
103.6M
148.9M
183.9M
162.8M
159M
187.7M
400K
266.4M
122.4M
255M
147.7M
857.5M
161M
110.3M
97.1M
80.2M
72M
232.7M
326.7M
212.6M
251.9M
148.1M
148.9M
183.9M
162.8M
159M
-7.2M
586.8M
404.1M
434M
98.2M
-12.8M
-120.5M
-31.1M
133M
-134.9M
182.4M
114.3M
-41.8M
-228.1M
-120M
50.2M
-58M
79.5M
319.6M
75.7M

SEC Filings

WTM - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 21, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

May 15, 2026
May 14, 2026
2026
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 01, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

April 01, 2026
April 01, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2026

N/A

February 06, 2026
February 06, 2026
2026
8-K

8-K 2026

N/A

January 07, 2026
January 07, 2026
2026
Showing 1 to 10 of 522 filings