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White Mountains Insurance Group, Ltd. WTM R3KFINANCIAL

Financial Services · Insurance - Property & Casualty · Bermuda
https://www.whitemountains.com
Company Profile ↓
$2,062.37
+14.97% 1Y
Mkt Cap$4.92B
P/E4.71
P/B0.98
Div. Yield0.05%
52W High$2,319.41
52W Low$1,649.75
Book Value$2,197.77
EPS (TTM)$438.27

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

Strong Return on Equity

Generates a return on equity of 20.4%, reflecting efficient use of shareholder capital.

Consistent Profit Growth

Net profit has compounded at 21.7% per year over the last five years.

Reasonable Valuation

Trades at a P/E of 4.7, below the sector median of 13.8.

Healthy Margins

Maintains a net profit margin of 37.6%.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.15.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $2.89B (+22.5% YoY); net profit $1.11B.
  • Trailing 12 Months Year-on-year growth — revenue +22.5%, earnings +68.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR -0.1%, profit CAGR 21.7%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-0.13%
1 Year:22.50%

Compounded Profit Growth

5 Years:21.70%
1 Year:68.80%

Stock Price Performance

1 Year:+14.97%
6 Months:-6.55%
3 Months:+1.48%
1 Month:-2.41%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 62% of range
$1,649.75 $2,319.41
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)41.41 · Neutral
Price Performance
1M-2.41%
3M+1.48%
6M-6.55%
1Y+14.97%
Valuation vs Sector

P/E of 4.71 is below the sector median of 13.82 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

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

  • Strong return on equity of 20.4%.
  • Excellent profit margin of 37.6%.
  • Profit CAGR of 21.7% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -0.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
4.71
Industry PE
13.82
Forward P/E
22.92
PEG Ratio
0.81
Book Value
$2,197.77
Price to Book
0.98
P/S
1.72
EV/EBITDA
8.05
Dividend Yield
0.05%

Growth (CAGR)

Revenue 5Y
-0.13%
Profit 5Y
21.70%
Revenue (YoY)
22.50%
Earnings (YoY)
68.80%

Profitability & Returns

ROCE
-
ROE
20.36%
ROA
3.56%
Profit Margin
37.63%
Op Margin
36.41%
Gross Margin
53.37%
EPS (Latest Qtr)
$80.58
EPS (TTM)
$438.27

Balance Sheet & Liquidity

Debt/Equity
0.15
Quick Ratio
0.85
Current Ratio
1.28
Debt
$932.50M
Total Assets
$13.77B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
3.23%
Chg in Prom Hold
0.12%
FII / Inst Holding
96.33%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$4.92B
Total Revenue (TTM)
$2.98B
EBITDA
$746.60M
Free Cash Flow
$550.50M
Operating Cash Flow
$550.50M
Shares Outstanding
2.39M
Gross Margin
53.37%
Payout Ratio
0.23%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 WTM White Mountains Insurance Group, Ltd. R3KFINANCIAL 2,062.37 4.71 $4.92B 0.05% - 20.36% -0.13% 21.70%
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 348.92 14.95 $927.50B 1.68% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 519.80 13.07 $731.90B 0.00% - 12.12% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 370.93 31.60 $632.11B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 567.75 31.20 $493.64B 0.60% 60.19% - 12.29% 19.21%
6 BAC Bank of America Corporation SPXR3KFINANCIAL 57.90 13.37 $404.88B 2.04% - 11.20% 3.14% 4.27%
7 BRK-A Berkshire Hathaway Inc. FINANCIAL 780,297.00 13.08 $381.14B 0.00% - 12.12% 7.60% 10.02%
8 HSBC HSBC Holdings plc FINANCIAL 100.84 14.41 $345.84B 3.62% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 202.42 16.35 $318.20B 2.15% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 602.60M58.00M48.40M56.80M-5.50M88.80M83.50M87.50M114.00M42.10M122.30M198.70M6.00M433.60M129.00M155.50M175.30M-59.20M259.60M459.50M520.80M178.20M342.40M-92.40M260.40M76.70M383.20M531.90M378.40M519.60M647.30M395.40M839.10M-577.80M689.20M864.20M754.30M517.80M844.60M
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------90.20M195.10M198.70M923.10M-6.20M-
EBITDA ----------------------------------------
Interest Expense ----------------------------------17.80M18.60M19.90M22.10M19.30M-
Pretax Income ----------------------------------72.40M176.50M178.80M901.00M-25.50M-
Tax Provision ----------------------------------9.60M12.90M17.10M87.30M800.00K-
Net Income --------------20.50M48.70M--128.80M115.40M232.90M--75.30M138.50M-371.40M33.40M-169.20M888.20M179.50M19.60M23.60M236.40M-54.60M179.00M-33.90M122.90M113.80M835.80M-27.20M199.50M
Diluted EPS 47.251.7066.6418.61-8.526.342.97130.816.00-12.821.0212.83-43.2489.646.4415.2919.12-40.5437.1475.09157.70-24.3044.56-120.1811.10-56.80306.9369.837.659.1992.33-21.2469.68-13.1947.7544.18327.23-12.5980.58

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 2.95B3.44B2.33B2.17B2.44B1.36B1.41B440.00M157.70M373.80M369.10M893.40M895.60M-1.16B2.17B2.35B2.89B
Cost of Revenue ------------------
Gross Profit ------------------
Operating Expenses ------------------
Operating Income ---------------109.10M628.10M377.50M1.41B
EBITDA ------------------
Interest Expense --------------40.30M62.70M60.80M78.40M
Pretax Income ---------------149.40M565.40M316.70M1.33B
Tax Provision --------------41.40M-15.50M32.60M126.90M
Net Income -555.30M470.00M86.50M767.90M207.40M321.60M312.20M295.20M401.80M627.20M-141.20M414.50M708.70M-792.80M509.20M230.40M1.11B
Diluted EPS -54.2653.1010.1297.4430.5051.8551.1350.2080.06146.06-41.76130.27226.97-276.96198.6089.79430.14

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --15.44B14.53B14.06B12.90B12.14B10.46B10.28B6.52B3.66B3.36B3.98B4.83B-7.39B8.39B9.93B12.31B
Current Assets -------------------
Cash & Equivalents 162.80M158.70M119.90M103.60M251.90M118.90M233.50M145.70M77.80M80.20M97.10M110.30M161.00M--255.00M121.70M190.90M184.90M
Inventory -------------------
Receivables ---------------1.15B1.06B1.36B1.70B
Total Liabilities --11.10B10.27B9.40B8.64B7.75B5.92B5.91B2.80B298.40M644.40M838.50M1.01B-3.45B3.82B4.79B6.05B
Current Liabilities -------------------
Long Term Debt ---818.80M677.50M751.20M676.40M343.10M337.60M12.70M23.80M192.70M283.50M376.40M-575.20M564.60M562.50M837.00M
Total Debt ---------------575.20M564.60M562.50M837.00M
Total Equity --3.66B3.65B4.09B3.73B3.91B4.00B3.91B3.58B3.49B2.84B3.26B3.91B-3.75B4.24B4.48B5.43B
Shares Outstanding ---------------2.57M2.56M2.57M2.48M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 89.10M-46.70M56.00M-114.50M-225.80M-101.00M118.80M182.40M-155.10M94.60M-31.10M-120.50M-60.60M-365.00M404.10M586.80M550.50M
Investing Cash Flow 1.04B365.10M485.30M799.60M829.60M401.80M47.90M11.30M1.28B718.50M459.20M-59.90M64.60M-115.50M-543.90M-447.00M-666.90M
Financing Cash Flow -1.10B-360.20M-550.20M-460.20M-648.20M-186.50M-129.60M-221.30M-948.40M-699.00M-414.30M230.50M49.00M--344.90M7.20M4.20M35.60M
Capital Expenditure ------------------
Free Cash Flow --------------365.00M404.10M586.80M550.50M
Net Change in Cash --------------135.60M-132.60M144.00M-80.80M
Share Buybacks 59.30M400.00K225.60M253.00M669.10M79.80M128.20M268.60M881.30M714.60M511.90M085.20M107.50M615.80M32.70M7.90M202.60M
Dividends Paid -----6.20M6.20M6.00M5.40M4.60M--------

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------------------
Operating Margin % ---------------9.4%29.0%16.0%48.8%
Net Margin % -18.9%13.6%3.7%35.3%8.5%23.6%22.1%67.1%254.8%167.8%-38.3%46.4%79.1%-68.5%23.5%9.8%38.3%
ROE % -12.9%2.4%18.8%5.6%8.2%7.8%7.5%11.2%18.0%-5.0%12.7%18.1%-21.2%12.0%5.1%20.4%
ROCE % ------------------

Shareholding Pattern

Insiders
3.23%
Institutions
96.33%
Public Float
99.54%

Top Institutional Holders

#Holder% HeldSharesValue
1 Dimensional Fund Advisors LP 6.66% 158.95K $339.43M
2 Neuberger Berman Group, LLC 4.99% 119.14K $254.41M
3 Blackrock Inc. 4.94% 117.87K $251.70M
4 River Road Asset Management, LLC 4.86% 115.88K $247.45M
5 Vanguard Portfolio Management LLC 4.69% 111.97K $239.10M
6 Vanguard Capital Management LLC 4.50% 107.48K $229.51M
7 Fuller & Thaler Asset Management Inc. 4.27% 101.89K $217.58M
8 Cooke & Bieler LP 3.57% 85.12K $181.77M
9 Wallace Capital Management, Inc. 3.35% 80.07K $170.98M
10 Fiduciary Management, Inc. 2.79% 66.55K $142.11M

Analyst View

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Latest News

Recent headlines for WTM

Google News Wed, 16 Sep 2026

(WTM) and the Role of Price-Sensitive Allocations - Stock Traders Daily

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Google News ue, 15 Sep 2026

Squarepoint Ops LLC Acquires New Holdings in White Mountains Insurance Group, Ltd. $WTM - MarketBeat

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Google News Wed, 05 Aug 2026

White Mountains (WTM) is an Incredible Growth Stock: 3 Reasons Why - Yahoo Finance

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Google News Wed, 05 Aug 2026

Should I buy White Mountains Insurance Group (WTM) - Zacks Investment Research

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Google News Mon, 31 Aug 2026

White Mountains (NYSE: WTM) director gifts 2 shares - Stock Titan

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Google News Fri, 07 Aug 2026

White Mountains (WTM) Stock Looks Cheap But One Off Gains Cloud It - simplywall.st

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WTM — Frequently Asked Questions

What is the current share price of White Mountains Insurance Group, Ltd. (WTM)?

As of 2026-09-16 18:39 PDT, White Mountains Insurance Group, Ltd. (WTM) trades at $2,062.37 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 $4.92B on NYSE.

What is the P/E ratio of WTM?

WTM trades at a trailing price-to-earnings (P/E) ratio of 4.71. The industry average P/E is 13.82. Its price-to-book (P/B) ratio is 0.98.

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 20.36%.

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.

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