Symbols / WTM Stock $2015.54 -0.91% White Mountains Insurance Group, Ltd.

Financial Services • Insurance - Property & Casualty • Bermuda • NYQ
WTM (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Mr. Liam P. Caffrey
Exch · Country NYQ · Bermuda
Market Cap 4.99B
Enterprise Value 4.93B
Income 1.03B
Sales 2.82B
FCF (ttm) 246.35M
Book/sh 2,197.77
Cash/sh 668.59
Employees 1,648
Insider 10d —
IPO Oct 23, 1985
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.25%
P/E 4.99
Forward P/E 22.39
PEG 0.81
P/S 1.77
P/B 0.92
P/C —
EV/EBITDA 7.53
EV/Sales 1.75
Quick Ratio 1.13
Current Ratio 1.59
Debt/Eq 13.52
LT Debt/Eq —
EPS (ttm) 404.32
EPS next Y 90.00
EPS Growth —
Revenue Growth -10.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2019-02-06
ROA 3.32%
ROE 19.67%
ROIC —
Gross Margin 52.24%
Oper. Margin 0.27%
Profit Margin 37.02%
Shs Outstand 2.48M
Shs Float 2.37M
Insider Own 3.11%
Instit Own 93.99%
Short Float 3.66%
Short Ratio 4.79
Short Interest 87.95K
52W High 2,333.00
vs 52W High -13.61%
52W Low 1,648.00
vs 52W Low 22.30%
Beta 0.32
Impl. Vol. —
Rel Volume 1.30
Avg Volume 19.83K
Volume 25.84K
Target (mean) —
Tgt Median —
Tgt Low —
Tgt High —
# Analysts —
Recom None
Prev Close $2,034.02
Price $2,015.54
Change -0.91%
About

White Mountains Insurance Group, Ltd. provides insurance services in the United States, the United Kingdom, Bermuda, and internationally. It operates through Ark/WM Outrigger, HG Global, Kudu, Distinguished, and Other Operations segments. The company offers property insurance and reinsurance; specialty insurance and reinsurance consisting of aviation, contingency, cyber, fine art and specie, mortgage, nuclear, political and credit, space, surety, and terrorism and political violence; marine and energy insurance and reinsurance; casualty insurance and reinsurance, such as medical malpractice, and professional and general liability; and accident and health insurance and reinsurance, which includes personal accident, sickness, disability, travel, short-term life, and medical products through brokers, managing general agents (MGA), and reinsurance intermediaries. It also provides municipal bond guarantee reinsurance, which focuses on single risk limits for small-to-medium sized, and public investment grade municipal bonds that are issued to finance public purpose projects, including schools, utilities, and transportation facilities. In addition, the company offers capital solutions for boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisition and growth finance, and legacy partner liquidity; strategic advice; investment management; and specialty electrical contracting services. Further, it operates as a full-service MGA and program administrator for specialty property and casualty insurance for the real estate and hospitality end markets, and start-up programs; and an MGA for leisure travel and global expatriate medical insurance in Israel, the European Union, and Australia. The company was formerly known as Fund American Enterprises Holdings, Inc. and changed its name to White Mountains Insurance Group, Ltd. in 1999. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$2015.54
Latest analyst target
3. DCF / Fair value
$1790.43
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2015.54
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2014-01-03 down Janney Montgomery Scott Buy → Neutral —
News
RSS: Latest WTM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-21 CARLSON PETER M Director — 135 $0.00 $0
2026-05-21 SHANK SUZANNE F Director — 135 $0.00 $0
2026-05-21 GELSTON PHILIP A. Director — 135 $0.00 $0
2026-05-21 DILLON MARGARET Director — 135 $0.00 $0
2026-05-21 CHOKSI MARY C Director — 135 $0.00 $0
2026-05-21 HICKS WESTON M Director — 190 $0.00 $0
2026-05-21 TANNER DAVID ALLEN Director — 135 $0.00 $0
2026-05-21 CAMPBELL REID TARLTON Director — 135 $0.00 $0
2026-03-19 SEELIG ROBERT LAWRENCE General Counsel — 50 $0.00 $0
2026-03-04 TANNER DAVID ALLEN Director — 225 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,885.50
+22.54%
2,354.80
+8.68%
2,166.70
+87.12%
1,157.90
Operating Revenue
2,885.50
+22.54%
2,354.80
+8.68%
2,166.70
+87.12%
1,157.90
Selling General And Administration
606.60
+23.77%
490.10
+13.29%
432.60
+18.81%
364.10
General And Administrative Expense
606.60
+23.77%
490.10
+13.29%
432.60
+18.81%
364.10
Other Gand A
606.60
+23.77%
490.10
+13.29%
432.60
+18.81%
364.10
Other Operating Expenses
151.80
+412.84%
29.60
-26.73%
40.40
-59.03%
98.60
Total Expenses
1,557.00
-23.59%
2,037.60
+27.25%
1,601.30
+22.49%
1,307.30
Reconciled Depreciation
9.00
+240.63%
-6.40
+64.04%
-17.80
-513.95%
4.30
EBIT
1,407.10
+272.74%
377.50
-39.90%
628.10
+675.71%
-109.10
Total Unusual Items
676.30
+484.70%
-175.80
-260.99%
-48.70
-181.50%
-17.30
Total Unusual Items Excluding Goodwill
676.30
+484.70%
-175.80
-260.99%
-48.70
-181.50%
-17.30
Special Income Charges
676.30
+484.70%
-175.80
-260.99%
-48.70
-181.50%
-17.30
Other Special Charges
-849.30
-841.75%
114.50
—
—
Restructuring And Mergern Acquisition
173.00
+182.22%
61.30
+25.87%
48.70
+181.50%
17.30
Net Income
1,106.40
+380.21%
230.40
-54.75%
509.20
-35.77%
792.80
Pretax Income
1,328.70
+319.55%
316.70
-43.99%
565.40
+478.45%
-149.40
Net Non Operating Interest Income Expense
-78.40
-28.95%
-60.80
+3.03%
-62.70
-55.58%
-40.30
Interest Expense Non Operating
78.40
+28.95%
60.80
-3.03%
62.70
+55.58%
40.30
Net Interest Income
-78.40
-28.95%
-60.80
+3.03%
-62.70
-55.58%
-40.30
Interest Expense
78.40
+28.95%
60.80
-3.03%
62.70
+55.58%
40.30
Interest Income
29.80
+88.61%
15.80
0.00
0.00
Other Income Expense
226.30
+158.92%
87.40
+3.80%
84.20
-38.45%
136.80
Tax Provision
126.90
+289.26%
32.60
+310.32%
-15.50
-137.44%
41.40
Tax Rate For Calcs
0.00
-6.80%
0.00
-50.95%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
64.92
+458.55%
-18.11
-77.05%
-10.23
-181.50%
-3.63
Net Income Including Noncontrolling Interests
1,201.80
+323.02%
284.10
-51.09%
580.90
-18.46%
712.40
Net Income From Continuing Operation Net Minority Interest
1,106.40
+380.21%
230.40
-54.75%
509.20
+561.23%
-110.40
Net Income From Continuing And Discontinued Operation
1,106.40
+380.21%
230.40
-54.75%
509.20
-35.77%
792.80
Net Income Continuous Operations
1,201.80
+323.02%
284.10
-51.09%
580.90
+404.45%
-190.80
Net Income Discontinuous Operations
—
0.00
0.00
-100.00%
903.20
Minority Interests
-95.40
-77.65%
-53.70
+25.10%
-71.70
-189.18%
80.40
Normalized Income
495.02
+27.55%
388.09
-29.14%
547.67
+666.17%
-96.73
Net Income Common Stockholders
1,090.10
+379.38%
227.40
-54.70%
502.00
-36.73%
793.40
Otherunder Preferred Stock Dividend
16.30
+443.33%
3.00
-58.33%
7.20
+1300.00%
-0.60
Diluted EPS
430.14
+379.05%
89.79
-54.79%
198.60
-28.29%
276.96
Basic EPS
430.14
+379.05%
89.79
-54.79%
198.60
-28.29%
276.96
Basic Average Shares
2.57
+0.24%
2.57
+0.08%
2.56
-10.43%
2.86
Diluted Average Shares
2.57
+0.24%
2.57
+0.08%
2.56
-10.43%
2.86
Diluted NI Availto Com Stockholders
1,090.10
+379.38%
227.40
-54.70%
502.00
-36.73%
793.40
Amortization
—
—
—
5.20
Depreciation And Amortization In Income Statement
—
—
—
5.20
Loss Adjustment Expense
882.20
-0.71%
888.50
+22.25%
726.80
+35.50%
536.40
Net Policyholder Benefits And Claims
882.20
-0.71%
888.50
+22.25%
726.80
+35.50%
536.40
Policyholder Benefits Ceded
274.40
+36.59%
200.90
+260.68%
55.70
-80.00%
278.50
Policyholder Benefits Gross
1,156.60
+6.17%
1,089.40
+39.22%
782.50
-3.98%
814.90
Preferred Stock Dividends
—
—
—
0.70
Line Item Trend 2023-12-31
Total Assets
8,385.90
Cash Cash Equivalents And Short Term Investments
1,609.60
Cash And Cash Equivalents
121.70
Other Short Term Investments
1,487.90
Receivables
1,059.70
Accounts Receivable
1,059.70
Other Receivables
—
Prepaid Assets
—
Goodwill And Other Intangible Assets
370.60
Investments And Advances
4,390.50
Long Term Equity Investment
254.90
Total Liabilities Net Minority Interest
3,824.30
Payables And Accrued Expenses
81.10
Payables
81.10
Accounts Payable
81.10
Employee Benefits
87.70
Current Debt And Capital Lease Obligation
—
Current Debt
—
Long Term Debt And Capital Lease Obligation
564.60
Long Term Debt
564.60
Stockholders Equity
4,240.50
Common Stock Equity
4,240.50
Capital Stock
2.60
Common Stock
2.60
Share Issued
2.56
Ordinary Shares Number
2.56
Treasury Shares Number
0.00
Additional Paid In Capital
548.70
Retained Earnings
3,690.80
Gains Losses Not Affecting Retained Earnings
-1.60
Minority Interest
321.10
Total Equity Gross Minority Interest
4,561.60
Total Capitalization
4,805.10
Invested Capital
4,805.10
Total Debt
564.60
Net Debt
442.90
Net Tangible Assets
3,869.90
Tangible Book Value
3,869.90
Foreign Currency Translation Adjustments
-1.60
Investments In Other Ventures Under Equity Method
254.90
Line Of Credit
—
Notes Receivable
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
550.50
-6.19%
586.80
+45.21%
404.10
+10.71%
365.00
Cash Flow From Continuing Operating Activities
550.50
-6.19%
586.80
+45.21%
404.10
+23.84%
326.30
Cash From Discontinued Operating Activities
—
—
0.00
-100.00%
38.70
Net Income From Continuing Operations
1,201.80
+323.02%
284.10
-51.09%
580.90
-18.46%
712.40
Depreciation And Amortization
9.00
+240.63%
-6.40
+64.04%
-17.80
-513.95%
4.30
Other Non Cash Items
-0.50
+98.48%
-32.80
+17.79%
-39.90
+95.07%
-809.50
Stock Based Compensation
—
—
—
—
Deferred Tax
92.10
+729.73%
11.10
+123.67%
-46.90
-463.57%
12.90
Deferred Income Tax
92.10
+729.73%
11.10
+123.67%
-46.90
-463.57%
12.90
Operating Gains Losses
-1,210.80
-1619.89%
-70.40
+83.79%
-434.20
-326.74%
191.50
Gain Loss On Investment Securities
-361.50
-95.51%
-184.90
+57.42%
-434.20
-326.74%
191.50
Unrealized Gain Loss On Investment Securities
37.50
+7600.00%
-0.50
0.00
0.00
Change In Working Capital
421.90
+6.70%
395.40
+14.05%
346.70
+44.82%
239.40
Change In Receivables
-338.50
+3.75%
-351.70
-507.53%
86.30
+141.57%
-207.60
Changes In Account Receivables
-338.50
+3.75%
-351.70
-507.53%
86.30
+141.57%
-207.60
Change In Prepaid Assets
—
—
—
7.90
Change In Payables And Accrued Expense
186.60
+88.68%
98.90
+158.73%
-168.40
+2.66%
-173.00
Change In Accrued Expense
22.90
+372.62%
-8.40
-625.00%
1.60
—
Change In Payable
163.70
+52.56%
107.30
+163.12%
-170.00
+1.73%
-173.00
Change In Account Payable
163.70
+52.56%
107.30
+163.12%
-170.00
+1.73%
-173.00
Change In Other Working Capital
89.60
+312.83%
-42.10
-665.45%
-5.50
-106.81%
80.80
Investing Cash Flow
-666.90
-49.19%
-447.00
+17.82%
-543.90
-570.91%
115.50
Cash Flow From Continuing Investing Activities
-666.90
-49.19%
-447.00
+17.82%
-543.90
-601.75%
108.40
Cash From Discontinued Investing Activities
—
0.00
0.00
-100.00%
7.10
Net Investment Purchase And Sale
-1,205.30
-179.00%
-432.00
+35.97%
-674.70
+49.14%
-1,326.70
Purchase Of Investment
-2,454.20
-23.40%
-1,988.80
-35.49%
-1,467.90
+14.35%
-1,713.90
Sale Of Investment
1,248.90
-19.78%
1,556.80
+96.27%
793.20
+104.86%
387.20
Net Business Purchase And Sale
421.20
+295.36%
-215.60
-1346.24%
17.30
-98.69%
1,324.10
Purchase Of Business
-349.50
-50.78%
-231.80
0.00
+100.00%
-67.90
Gain Loss On Sale Of Business
-849.30
-841.75%
114.50
0.00
0.00
Net Other Investing Changes
-0.10
-102.04%
4.90
+244.12%
-3.40
+22.73%
-4.40
Financing Cash Flow
35.60
+747.62%
4.20
-41.67%
7.20
+102.09%
-344.90
Cash Flow From Continuing Financing Activities
35.60
+747.62%
4.20
-41.67%
7.20
+102.12%
-339.00
Net Issuance Payments Of Debt
277.20
+18580.00%
-1.50
+88.72%
-13.30
-108.47%
157.10
Issuance Of Debt
294.70
+705.19%
36.60
+195.16%
12.40
-94.20%
213.80
Repayment Of Debt
-17.50
+54.07%
-38.10
-48.25%
-25.70
+54.67%
-56.70
Short Term Debt Issuance
294.70
+705.19%
36.60
+195.16%
12.40
-94.20%
213.80
Short Term Debt Payments
-17.50
+54.07%
-38.10
-48.25%
-25.70
+54.67%
-56.70
Net Short Term Debt Issuance
277.20
+18580.00%
-1.50
+88.72%
-13.30
-108.47%
157.10
Net Common Stock Issuance
-202.60
-2464.56%
-7.90
+75.84%
-32.70
+94.69%
-615.80
Common Stock Payments
-202.60
-2464.56%
-7.90
+75.84%
-32.70
+94.69%
-615.80
Common Stock Dividend Paid
-2.60
-4.00%
-2.50
+3.85%
-2.60
+13.33%
-3.00
Cash Dividends Paid
-2.60
-4.00%
-2.50
+3.85%
-2.60
+13.33%
-3.00
Repurchase Of Capital Stock
-202.60
-2464.56%
-7.90
+75.84%
-32.70
+94.69%
-615.80
Net Other Financing Charges
-36.40
-326.09%
16.10
-71.15%
55.80
-54.52%
122.70
Changes In Cash
-80.80
-156.11%
144.00
+208.60%
-132.60
-197.79%
135.60
Effect Of Exchange Rate Changes
—
—
—
—
Beginning Cash Position
266.40
+117.65%
122.40
-52.00%
255.00
+72.65%
147.70
End Cash Position
185.60
-30.33%
266.40
+117.65%
122.40
-52.00%
255.00
Free Cash Flow
550.50
-6.19%
586.80
+45.21%
404.10
+10.71%
365.00
Amortization Of Securities
18.50
+13.50%
16.30
+6.54%
15.30
+9.29%
14.00
Common Stock Issuance
—
—
—
74.60
Dividends Received CFI
117.30
-40.06%
195.70
+67.41%
116.90
+1.30%
115.40
Issuance Of Capital Stock
—
—
—
74.60
Sale Of Business
770.70
+4657.41%
16.20
-6.36%
17.30
-98.76%
1,392.00
Cash From Discontinued Financing Activities
—
0.00
0.00
+100.00%
-5.90
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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