$2.03K
+0.50%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.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
WTM โข NYSE
| White Mountains Insurance Group, Ltd. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 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 |
WTM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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