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White Mountains Insurance Group(NYSE) WTM

Market Cap$5.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1985)+11,449%
5 Year+88%
1 Year+17%
1 Month-0%
Premium Feature
Moneyball Superscore
76/100
$2,053.83
-2.36%
-49.66Today
White Mountains Insurance Group last closing stock price
MetricPriceDate
Last closeUSD 2,103.492026-09-04
White Mountains Insurance Group stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.49%USD 2,135.412026-08-28
1 month-0.4%USD 2,111.912026-08-05
3 month+1.86%USD 2,065.142026-06-05
Year to date+1.27%USD 2,077.082025-12-31
1 year+16.88%USD 1,799.692025-09-04
3 year+34.01%USD 1,569.662023-09-05
5 year+87.73%USD 1,120.472021-09-03
Since inception+11,448.68%USD 18.211985-10-23

White Mountains Insurance Group Financials at a Glance

Market Cap

$5.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$2.80B

Net Income (TTM)

$1.12B

EPS (TTM)

$439.40

P/E Ratio

4.79

Dividend

$1.00

Beta (Volatility)

0.32 (Low)

Price

$2,053.83

Volume

12,055.209

Open

$2,083.32

Previous Close

$2,103.49

Daily Range

$2,052.00 - $2,091.42

52-Week Range

$1,648.00 - $2,333.00

Estimated Earnings Date

Nov 5, 2026

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76

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About White Mountains Insurance Group

White Mountains Insurance Group, Ltd. helps businesses manage various financial risks. It provides capital to professional firms for growth and transitions. The company also manages businesses that support essential infrastructure.

Protection, Capital, and Essential Services

  • Specialty Insurance: Risk coverage for property and marine markets through the Ark subsidiary; generated $439.6 million in second quarter 2026 revenue.
  • Capital Solutions: Funding for asset and wealth management firms through Kudu; produced $68.9 million in revenues for the second quarter of 2026.
  • Insurance Distribution: Managing General Agent services, which act as intermediaries between brokers and insurers, through the Distinguished segment; reported $57.4 million in second quarter 2026 revenue.
  • Bond Reinsurance: Financial guarantee services for municipal bond policies through HG Global; recorded $20.4 million in revenues for the second quarter of 2026.
  • Essential Services: Electrical and low voltage contracting work via WTM Partners; earned $92.8 million in revenues for the second quarter of 2026.

Recent Deals and Deployments

  • Acquired Basesix on April 1, 2026, to establish a platform for low voltage infrastructure and contracting services.
  • Purchased Hawkeye Electric on May 1, 2026, adding specialty electrical contracting to its service portfolio.
  • Deployed $36 million into two new asset management firms through Kudu during the first half of 2026.
  • Refinanced the HG Global senior debt facility on May 14, 2026, which increased the facility to $200 million.
  • Received a distribution of $26 million from the Bamboo investment vehicle on July 1, 2026.

A Unique Approach to Assets

White Mountains maintains a flexible investment strategy by holding significant undeployed capital, which totaled roughly $0.8 billion as of June 30, 2026. The company operates a diversified model across insurance, asset management, and industrial services to reduce reliance on any single market.

Key Numbers from the Report

  • Book value per share was $2,257.60 as of June 30, 2026, representing a 3% increase for the first six months of 2026.
  • Comprehensive income attributable to common shareholders reached $199 million in the second quarter of 2026.
  • The Ark segment reported gross written premiums, or total policy sales, of $778 million in the second quarter of 2026.
  • Share repurchases totaled $191 million for 91,194 shares during the second quarter of 2026.
  • Total consolidated portfolio return on invested assets was 3.5% for the quarter ended June 30, 2026.

Bottom Line

White Mountains has evolved from a traditional insurer into a diversified holding company. Its focus on book value growth and capital discipline defines its current business strategy.

AI Generated • Aug 6, 2026

Industry

Insurance

Employees

1,648

CEO

Liam P. Caffrey

Headquarters

Hamilton, NH HM 11, BM

WTM Financials

Key Financial Metrics (TTM)

Gross Margin

65.17%

Operating Margin

46.79%

Net Income Margin

39.92%

Return on Equity

21.34%

Return on Capital

21.22%

Return on Assets

8.12%

Earnings Yield

20.88%

Dividend Yield

0.05%

Payout Ratio

0.43%

Stock Overview

Market Cap

$5.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

2.39M

Volume

12.06K

Avg. Volume

20.03K

Financials (TTM)

Gross Profit

$1.83B

Operating Income

$1.31B

EBITDA

$1.41B

Operating Cash Flow

$425.00M

Capital Expenditure

$0.00

Free Cash Flow

$425.00M

Cash & ST Invst.

$1.79B

Total Debt

$932.50M

White Mountains Insurance Group Performance Analysis

White Mountains Insurance Group annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,157,900,00088.5%
20232023-12-31USD 2,166,700,00087.1%
20242024-12-31USD 2,239,800,0003.4%
20252025-12-31USD 2,885,700,00028.8%
White Mountains Insurance Group sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3025.4%
Q42025-12-31-33.3%
Q12026-03-31-10.5%
Q22026-06-3063.9%
White Mountains Insurance Group annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -32.80-66.1%
20232023-12-31USD 198.63N/A
20242024-12-31USD 89.80-54.8%
20252025-12-31USD 430.14379.0%
White Mountains Insurance Group sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-7.4%
Q42025-12-31640.5%
Q12026-03-31-103.8%
Q22026-06-30740.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$844.60M

+22.5%

Gross Profit

$669.00M

+65.8%

Gross Margin

79.21%

N/A

Market Cap

$5.02BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.05M

N/A

Employees

1,648

N/A

Net Income

$199.50M

+62.3%

EBITDA

$285.00M

+46.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$1.79B

-30.3%

Total Debt

$932.50M

+34.2%

Accounts Receivable

$1.55B

-47.4%

Inventory

$0.00

N/A

Long Term Debt

$932.50M

+34.2%

Short Term Debt

$0.00

N/A

Return on Assets

8.12%

N/A

Return on Invested Capital

9.52%

N/A

Free Cash Flow

-$25.00M

-114.1%

Operating Cash Flow

-$25.00M

-114.1%

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Questions About WTM

What is the current price of White Mountains Insurance Group?

White Mountains Insurance Group is trading at $2,060.02 per share.

What is the 52-week range for White Mountains Insurance Group?

Over the past 52 weeks, White Mountains Insurance Group has traded between $1,648.00 and $2,333.00.

How much debt does White Mountains Insurance Group have?

As of the most recent reporting period, White Mountains Insurance Group reported total debt of $932.50M.

How much cash does White Mountains Insurance Group have on hand?

White Mountains Insurance Group reported $127.50M in cash and cash equivalents in its most recent financial results.

What is White Mountains Insurance Group’s dividend yield?

White Mountains Insurance Group currently has a dividend yield of 0.05%.

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