White Mountains Insurance Group, Ltd. WTM
Company Overview
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.
Why Investors Should Care
Generates a return on equity of 19.7%, reflecting efficient use of shareholder capital.
Net profit has compounded at 11.8% per year over the last five years.
Revenue has grown at a 35.6% CAGR over the past five years.
Trades at a P/E of 5.2, below the sector median of 13.7.
Maintains a net profit margin of 37.0%.
Carries low leverage with a debt-to-equity ratio of 0.14.
Recent Developments
- Dec 2025 Revenue of $2.89B (+22.5% YoY); net profit $1.11B.
- Trailing 12 Months Year-on-year growth — revenue -10.8%, earnings +380.2%.
- 5-Year Trend Long-term compounding — revenue CAGR 35.6%, profit CAGR 11.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 35.58% |
| 1 Year: | -10.80% |
Compounded Profit Growth
| 5 Years: | 11.75% |
| 1 Year: | 380.21% |
Stock Price Performance
| 1 Year: | +18.24% |
| 6 Months: | +2.27% |
| 3 Months: | -6.02% |
| 1 Month: | +1.63% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)40.78 · Neutral
P/E of 5.19 is below the sector median of 13.68 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 37.0%.
- Compounding revenue at 35.6% over 5 years.
- Profit CAGR of 11.8% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WTM White Mountains Insurance Group, Ltd. | 2,097.73 | 5.19 | $5.20B | 0.05% | - | 19.67% | 35.58% | 11.75% |
| 2 | JPM JPMorgan Chase & Co. SPX | 351.79 | 16.85 | $942.63B | 1.87% | - | 16.47% | 5.35% | 7.56% |
| 3 | BRK-B Berkshire Hathaway Inc. SPX | 511.54 | 15.23 | $715.29B | 0.00% | - | 10.50% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPX | 366.13 | 31.95 | $607.67B | 0.75% | 37.15% | 60.35% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPX | 573.10 | 33.18 | $502.63B | 0.65% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPX | 61.95 | 15.37 | $434.76B | 1.88% | - | 10.64% | 6.00% | 3.49% |
| 7 | MS Morgan Stanley SPX | 210.42 | 19.06 | $331.89B | 1.76% | - | 16.39% | 3.76% | 9.66% |
| 8 | GS The Goldman Sachs Group, Inc. SPX | 1,018.38 | 15.73 | $300.43B | 1.58% | - | 16.95% | - | 2.21% |
| 9 | WFC Wells Fargo & Company SPX | 86.45 | 13.36 | $264.55B | 2.11% | - | 12.03% | 4.02% | 15.98% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 577.80M | 689.20M | 864.20M | 754.30M | 517.80M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - |
| Operating Income | - | 90.20M | 195.10M | 198.70M | 923.10M | -6.20M |
| EBITDA | - | - | - | - | - | - |
| Interest Expense | - | 17.80M | 18.60M | 19.90M | 22.10M | 19.30M |
| Pretax Income | - | 72.40M | 176.50M | 178.80M | 901.00M | -25.50M |
| Tax Provision | - | 9.60M | 12.90M | 17.10M | 87.30M | 800.00K |
| Net Income | - | 33.90M | 122.90M | 113.80M | 835.80M | -27.20M |
| Diluted EPS | - | 13.19 | 47.75 | 44.18 | 327.23 | -12.59 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 1.16B | 2.17B | 2.35B | 2.89B |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - |
| Operating Income | - | -109.10M | 628.10M | 377.50M | 1.41B |
| EBITDA | - | - | - | - | - |
| Interest Expense | - | 40.30M | 62.70M | 60.80M | 78.40M |
| Pretax Income | - | -149.40M | 565.40M | 316.70M | 1.33B |
| Tax Provision | - | 41.40M | -15.50M | 32.60M | 126.90M |
| Net Income | - | 792.80M | 509.20M | 230.40M | 1.11B |
| Diluted EPS | - | 276.96 | 198.60 | 89.79 | 430.14 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 7.39B | 8.39B | 9.93B | 12.31B |
| Current Assets | - | - | - | - | - |
| Cash & Equivalents | - | 255.00M | 121.70M | 190.90M | 184.90M |
| Inventory | - | - | - | - | - |
| Receivables | - | 1.15B | 1.06B | 1.36B | 1.70B |
| Total Liabilities | - | 3.45B | 3.82B | 4.79B | 6.05B |
| Current Liabilities | - | - | - | - | - |
| Long Term Debt | - | 575.20M | 564.60M | 562.50M | 837.00M |
| Total Debt | - | 575.20M | 564.60M | 562.50M | 837.00M |
| Total Equity | - | 3.75B | 4.24B | 4.48B | 5.43B |
| Shares Outstanding | - | 2.57M | 2.56M | 2.57M | 2.48M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 365.00M | 404.10M | 586.80M | 550.50M |
| Investing Cash Flow | - | 115.50M | -543.90M | -447.00M | -666.90M |
| Financing Cash Flow | - | -344.90M | 7.20M | 4.20M | 35.60M |
| Capital Expenditure | - | - | - | - | - |
| Free Cash Flow | - | 365.00M | 404.10M | 586.80M | 550.50M |
| Net Change in Cash | - | 135.60M | -132.60M | 144.00M | -80.80M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - |
| Operating Margin % | - | -9.4% | 29.0% | 16.0% | 48.8% |
| Net Margin % | - | 68.5% | 23.5% | 9.8% | 38.3% |
| ROE % | - | 21.2% | 12.0% | 5.1% | 20.4% |
| ROCE % | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Dimensional Fund Advisors LP | 6.32% | 156.62K | $328.54M |
| 2 | Neuberger Berman Group, LLC | 5.04% | 124.72K | $261.62M |
| 3 | River Road Asset Management, LLC | 4.68% | 115.88K | $243.08M |
| 4 | Vanguard Portfolio Management LLC | 4.67% | 115.55K | $242.40M |
| 5 | Blackrock Inc. | 4.58% | 113.33K | $237.73M |
| 6 | Vanguard Capital Management LLC | 4.41% | 109.16K | $228.98M |
| 7 | Fuller & Thaler Asset Management Inc. | 4.22% | 104.56K | $219.34M |
| 8 | Cooke & Bieler LP | 3.44% | 85.12K | $178.56M |
| 9 | Fiduciary Management, Inc. | 3.43% | 85.07K | $178.45M |
| 10 | Wallace Capital Management, Inc. | 3.18% | 78.80K | $165.29M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for WTM
WTM — Frequently Asked Questions
What is the current share price of White Mountains Insurance Group, Ltd. (WTM)?
As of 2026-08-02 19:16 PDT, White Mountains Insurance Group, Ltd. (WTM) trades at $2,097.73 on NYSE. Its 52-week range is $1,649.75 to $2,319.41.
What is the market capitalisation of WTM?
White Mountains Insurance Group, Ltd. (WTM) has a market capitalisation of $5.20B on NYSE.
What is the P/E ratio of WTM?
WTM trades at a trailing price-to-earnings (P/E) ratio of 5.19. The industry average P/E is 13.68. Its price-to-book (P/B) ratio is 0.95.
Does WTM pay a dividend?
White Mountains Insurance Group, Ltd. (WTM) currently offers a dividend yield of 0.05%.
What is the return on equity (ROE) of WTM?
WTM has a return on equity (ROE) of 19.67%.
Is WTM a good stock to buy?
This page provides a data-driven analysis of White Mountains Insurance Group, Ltd. (WTM), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.