Explore 3 Stock Ideas & Industry Insights Download Free Report

888-969-2592
Shopping Cart 0
countryflagCA
Login

Home CompaniesWhite Mountains Insurance Group Ltd

White Mountains Insurance Group Ltd

Financial Services Insurance - Property & Casualty
PortfolioPortfolio WatchlistWatchlist
Company price
2212.58 USD -28.54 ( 1.27%)
Last update at 2026-11-09T15:10:00Z
VOLUME
2473
Market Cap
4883.09M
P/E
4.71

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
2212.58
Low
2268.12
High
52 Week Price Range
1647.25
Low
2333.00
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

White Mountains Insurance Group Ltd is a Bermuda-based holding company that underwrites property and casualty risks, operates reinsurance and run-off businesses, and manages an investment portfolio. Long-term growth could be supported by disciplined underwriting, investment income and selective capital deployment including acquisitions and reserve management. The company may appeal to investors seeking a capital-focused insurer with diversified earnings and experienced management.

Key risks are underwriting losses from catastrophes or adverse reserve development, investment-market and interest-rate volatility that could erode capital, and execution or regulatory risks around capital allocation and acquisitions.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
2241.12
Dividend Yield
0.05%
Revenue TTM
2978.70M
Revenue Per Share
1202.35
Gross Profit TTM
1588.70M
Debt / Equity
0.15
ROE
20.36%
Net Debt
652.10M
ROCE
17.64%
Diluted EPS TTM
434.15

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1328.70M 316.70M 565.40M -149.40M -302.00M
Minority interest -95.40M -53.70M -16.60M 80.40M 46.50M
Net income 1106.40M 230.40M 509.20M -190.80M -340.60M
Selling general administrative 700.20M 490.10M 432.60M 376.20M 482.90M
Selling and marketing expenses 151.80M 29.60M 40.40M - -
Gross profit 1454.40M 1073.00M 1149.80M 1059.30M 875.50M
Reconciled depreciation 9.00M -6.40M -13.00M 5.20M 39.80M
Ebit 1407.10M 377.50M 628.10M 874.50M -413.40M
Ebitda 1409.70M 371.10M 610.30M 879.70M -373.60M
Depreciation and amortization 2.60M -6.40M -17.80M 5.20M 39.80M
Operating income 1328.70M 316.70M 565.40M 874.50M -413.40M
Other operating expenses 1378.60M 2037.60M 1601.30M 1307.30M 1246.80M
Interest expense 58.80M 60.80M 62.70M 40.30M 43.80M
Tax provision 126.90M 32.60M 86.90M 41.40M 38.60M
Interest income 29.80M 15.80M 62.70M 40.30M 43.80M
Net interest income -78.40M -60.80M -57.70M -40.30M -43.80M
Extraordinary items - 0.00M 0.00M 902.50M 18.70M
Income tax expense 126.90M 32.60M -15.50M 41.40M 38.60M
Total revenue 2707.30M 2354.30M 2166.70M 1157.90M 944.80M
Total operating expenses 125.70M 756.30M 584.40M 176.00M -1358.20M
Cost of revenue 1252.90M 1281.30M 1016.90M 98.60M 69.30M
Total other income expense net -798.60M -122.10M 448.70M -1023.90M 111.40M
Discontinued operations - - - 903.20M 18.70M
Net income from continuing ops 1201.80M 284.10M 279.70M -190.80M -340.60M
Net income applicable to common shares 1090.10M 227.40M 502.00M 794.10M -275.40M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 12306.50M 9925.60M 8385.90M 7389.30M 7000.70M
Intangible assets 1328.20M 281.10M 201.80M 215.90M 1065.90M
Other current assets -2877.10M 14.10M -2669.30M -1605.20M -1050.50M
Total liab 6051.40M 4794.60M 3824.30M 3454.30M 3296.00M
Total stockholder equity 5425.40M 4483.70M 4240.50M 3746.90M 3548.10M
Other current liab 2597.50M -7.30M -81.10M -251.10M -778.20M
Common stock 579.00M 2.60M 2.60M 538.60M 588.90M
Capital stock 579.00M 2.60M 2.60M 538.60M 3.00M
Retained earnings 4845.60M 3919.00M 3690.80M 3211.80M 2957.50M
Other liab - - - 1456.80M 1200.80M
Good will 217.40M 439.20M 168.80M 176.50M 645.50M
Other assets 8474.00M 6587.60M 8385.90M 3427.00M 2054.40M
Cash 184.90M 252.30M 121.70M 255.00M 259.30M
Total current liabilities 4328.60M 237.60M 67.00M 251.10M 778.20M
Current deferred revenue 1363.60M - 0.00M - -
Net debt 652.10M 310.20M 442.90M 320.20M 433.70M
Short term debt 9.20M 7.30M 8.20M 0.00M 218.20M
Short long term debt - - - - 218.20M
Short long term debt total 837.00M 562.50M 564.60M 575.20M 693.00M
Other stockholder equity 576.50M 563.80M 548.70M 3746.30M 446.40M
Property plant equipment - - - 25.20M 42.20M
Total current assets 4914.90M 3045.50M 121.70M 660.70M 1681.50M
Long term investments 5610.40M 4327.40M 3523.70M 2909.20M 2198.90M
Net tangible assets - - - 3354.50M 2482.20M
Short term investments 2963.10M 964.20M 1487.90M 924.10M 465.90M
Net receivables 1766.90M 1829.00M 1059.70M 1086.80M 956.30M
Long term debt 837.00M 562.50M 564.60M 575.20M 693.00M
Inventory - - -2670.00M - -
Accounts payable 367.50M 237.60M 81.10M 251.10M 560.00M
Noncontrolling interest in consolidated entity - - - - 156.60M
Accumulated other comprehensive income 0.80M -1.70M -1.60M -3.50M 1.70M
Common stock total equity - - - - 3.00M
Retained earnings total equity - - - - 2957.50M
Non currrent assets other 457.60M -4787.80M 4527.40M -3301.60M -3264.80M
Non current assets total 7391.60M 292.50M 8385.90M 3301.60M 3264.80M
Long term debt total 837.00M 562.50M 564.60M 575.20M 693.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -1205.30M -447.00M -607.00M 108.40M -818.00M
Change to liabilities - - - 167.20M 301.70M
Total cashflows from investing activities 212.70M -447.00M -543.90M 115.50M -208.30M
Net borrowings 277.20M -1.50M -13.30M 157.10M 282.00M
Total cash from financing activities -205.20M 4.20M 7.20M -327.40M 217.60M
Change to operating activities - - - 255.00M -96.40M
Net income 1090.10M 284.10M 509.20M 712.40M -321.90M
Change in cash 0.30M 144.00M -132.60M 107.30M 48.10M
Begin period cash flow 0.10M 122.40M 255.00M 147.70M 211.20M
End period cash flow 0.40M 266.40M 122.40M 255.00M 259.30M
Total cash from operating activities -7.20M 586.80M 404.10M 326.30M 38.60M
Issuance of capital stock - - - 74.60M 0.00M
Depreciation 9.00M -6.40M -17.80M 4.30M 63.60M
Other cashflows from investing activities 1085.00M 200.60M 43.70M 115.50M -208.30M
Dividends paid 2.60M 2.50M 2.60M -3.00M -3.10M
Change to inventory - - 345.70M - 473.90M
Change to account receivables -338.50M -351.70M 86.30M -215.50M -201.80M
Sale purchase of stock -202.60M -7.90M -32.70M -615.80M -100.10M
Other cashflows from financing activities -277.20M 16.10M 55.80M 273.50M 38.80M
Change to netincome - - - -765.20M 224.40M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 106.40M
Change receivables - - - - -298.60M
Cash flows other operating - - - - 180.00M
Cash and cash equivalents changes - - - - 47.90M
Change in working capital 248.40M 356.50M 346.70M 256.70M 204.90M
Stock based compensation 20.30M 62.90M 15.30M - 14.70M
Other non cash items -1354.70M -58.50M -449.30M -660.00M 48.50M
Free cash flow -7.20M 586.80M 404.10M 326.30M 145.00M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Property & Casualty

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
WTM
White Mountains Insurance Group Ltd		 -28.54
1.27%		 2212.58 4.71 13.87 1.64 0.91 1.93
CB
Chubb Ltd		 -2.22
0.61%		 362.80 12.11 11.83 2.13 1.75 2.45
PGR
Progressive Corp		 -1.09
0.48%		 226.68 11.10 13.55 1.41 3.74 1.50
TKOMF
Tokio Marine Holdings Inc.		 -0.15
3.95%		 3.65 28.94 12.24 0.01 1.87 1.61
TKOMY
Tokio Marine Holdings Inc		 0.01
0.27%		 3.66 28.73 12.25 0.01 1.87 1.61

Profile*

White Mountains Insurance Group Ltd

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.

A.S. Cooper Building, Hamilton, Bermuda, HM 11

441 278 3160

https://www.whitemountains.com

1648

Name Title Year Born
Mr. George Manning Rountree CEO & Director 1972
Mr. Reid Tarlton Campbell Pres 1968
Ms. Michaela J. Hildreth MD & Chief Accounting Officer 1969
Mr. Robert Lawrence Seelig Exec. VP, Gen. Counsel & Investor Relation 1969
Mr. Liam P. Caffrey Exec. VP & CFO 1973
Mr. Jonathan Adam Cramer Chief Investment Officer NA
Ms. Jennifer L. Moyer Chief Admin. Officer & Corp. Sec. 1972
Mr. David Grant Staples Head of Tax NA
Mr. Michael Papamichael Managing Director NA
Mr. Dennis Beaulieu Treasurer 1947

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

Kalkine

3 Mining Stock
Ideas Report

Download a free report with stock ideas and industry insights for general information.

Download Free Report Now → sector image

Top Stocks by Market Cap*

GFR
CAD 10.93
+37.83%
MOON
CAD 4.86
+10.20%
HG
CAD 4.43
+9.93%
EPRX
CAD 10.57
+8.86%
NUAG
CAD 8.66
+8.79%
CSU
CAD 3257.60
-7.63%
DIV
CAD 3.85
-5.53%
TOI
CAD 99.00
-5.52%
BSX
CAD 0.82
-4.65%
LMN
CAD 26.79
-4.63%

Equity Sectors*

  • Basic Materials

    +3.88%

  • Communication Services

    -1.14%

  • Consumer Cyclical

    +0.75%

  • Consumer Defensive

    -0.36%

  • Energy

    +2.16%

  • Financial Services

    +1.33%

  • Healthcare

    +1.50%

  • Industrials

    +2.97%

  • Real Estate

    +0.41%

  • Technology

    +1.27%

  • Utilities

    +1.09%

Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.

Support

Hi! How can we help you today?

Loading…