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+134.0%
5Y+202.0%
10Y+1617.0%
3Y+40.0%
5Y+56.0%
10Y+175.0%
3Y-102.0%
5Y-44.0%
10Y-95.0%
White Mountains Insurance Group, Ltd.

White Mountains Insurance Group, Ltd. Profit Bridge

WTM ยท NYSE
Revenue2.71B
Cost of Goods Sold (1.25B)
Gross Profit1.45B
Operating Expenses (125.70M)
Operating Income1.33B
Interest Expense (58.80M)
Other Income/Expense0.00
Pretax Income1.33B
Income Tax (126.90M)
Net Income1.11B
Net Income
1.11B

Profitability Analysis

Gross Margin

53.7%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

49.1%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

40.9%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

9.6%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

White Mountains Insurance Group, Ltd. Income Statement

WTM โ€ข NYSE

White Mountains Insurance Group, Ltd. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
2.7B
2.4B
2.2B
1.2B
614.4M
895.6M
893.4M
369.1M
373.8M
157.7M
440M
1.4B
1.4B
2.4B
2.2B
2.6B
4.4B
3B
4.7B
4.8B
GROSS PROFIT
(1.3B)
(1.3B)
(1B)
(787M)
(581.3M)
(82.3M)
(70.5M)
(33.7M)
(5.2M)
(13.6M)
(14.5M)
(1B)
(832.5M)
(1.6B)
(1.6B)
-1B
(2.8B)
(3.3B)
(3.2B)
(3.7B)
1.5B
1.1B
1.1B
370.9M
33.1M
813.3M
822.9M
335.4M
368.6M
144.1M
425.5M
380.9M
529.1M
811.6M
596.6M
3.6B
1.6B
-303.2M
1.6B
1.1B
OPERATING INCOME
(125.7M)
(756.3M)
(584.4M)
(520.3M)
(306.7M)
(152.9M)
(417.8M)
(513.6M)
(360.8M)
(291.4M)
(296.3M)
(410.3M)
(370.5M)
(548.8M)
(498.6M)
(203.7M)
(826.1M)
(835.2M)
(869.3M)
(327M)
(700.2M)
(490.1M)
(432.6M)
(364.1M)
(291.6M)
(207.9M)
(328.2M)
(233.5M)
(208M)
(175.5M)
(192.1M)
(216.5M)
(149.1M)
(182.2M)
(175.3M)
(182.9M)
(250M)
(253.1M)
(200.5M)
(218.3M)
1.3B
316.7M
565.4M
-149.4M
-273.6M
660.4M
405.1M
-178.2M
7.8M
-147.3M
129.2M
-29.4M
158.6M
262.8M
98M
164.7M
764M
-1.1B
681.5M
729.8M
PRE-TAX INCOME
(58.8M)
(60.8M)
(62.7M)
(40.3M)
(20.5M)
(7.4M)
(17.6M)
(9.5M)
(2.3M)
(3M)
(1.6M)
(14.2M)
(16.2M)
(44.8M)
(55.2M)
(57.3M)
(70.8M)
(115.5M)
(138.4M)
(50.1M)
-36.3M
-45M
-62.7M
-40.3M
-20.5M
-7.4M
-17.6M
-9.5M
-2.3M
-3M
-1.6M
-14.2M
-16.2M
-44.8M
-55.2M
-57.3M
-70.8M
-115.5M
-138.4M
-50.1M
-574.5M
(266.2M)
(151.8M)
(156.2M)
(15.1M)
-55M
(89.6M)
(280.1M)
(152.8M)
(115.9M)
(104.2M)
(193.8M)
(221.4M)
(366.6M)
(323.3M)
(2.2B)
(576.1M)
(582.1M)
(668.8M)
(108.7M)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
24.6M
0.0
0.0
0.0
0.0
1.3B
316.7M
565.4M
-149.4M
-273.6M
660.4M
405.1M
-178.2M
7.8M
-147.3M
129.2M
-29.4M
158.6M
262.8M
98M
189.3M
764M
-1.1B
681.5M
729.8M
NET INCOME
(126.9M)
(32.6M)
-15.5M
(41.4M)
(44.4M)
-14.8M
(29.3M)
-4M
-7.8M
-32.9M
-12.7M
-14.8M
(32.6M)
-15.7M
-110M
(20.9M)
(208.8M)
-498.7M
(210.5M)
(98.9M)
1.1B
230.4M
509.2M
792.8M
-275.4M
708.7M
414.5M
-141.2M
627.2M
401.8M
295.2M
312.2M
321.6M
207.4M
767.9M
86.5M
470M
-555.3M
407.4M
673.2M

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