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WTM
$2,213.61+2.15%
as of close, Oct 20, 2026
☾ AH $2,213.61 +2.15%
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White Mountains Insurance Group Ltd. drawdown: 4.6% below the all-time high (price)

White Mountains Insurance Group Ltd. is 4.6% below its all-time high, set Apr 17, 2026 (as of market close, Oct 20, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−4.6%
95.4% of ATH
All-time high
$2,319
Apr 17, 2026
Time below the high
6 mo
since Apr 17, 2026
Worst-ever drawdown
−78.6%
Mar 9, 2009
Longest underwater
9.9 yrs
between all-time highs
Today's level first reached
Feb 17, 2026
8 mo ago
Last time this deep
Nov 20, 2025
in a previous episode

% of all-time high since 1986: price#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%20%40%60%80%
WTM close · log50.002001,000
19901995200020052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Sep 8, 2005Mar 9, 2009−78.6%3.5 yrsJul 31, 20159.9 yrs
Mar 13, 1987Dec 11, 1987−42.6%9 moAug 2, 19903.4 yrs
Feb 11, 2020Mar 18, 2020−40.2%36 daysFeb 17, 202112 mo
Oct 15, 1993May 20, 1994−34.5%7 moSep 13, 19962.9 yrs
Jul 17, 1998Mar 8, 2000−33.4%1.6 yrsJun 14, 20001.9 yrs
Jun 21, 2001Oct 9, 2002−27.2%16 moMay 12, 20031.9 yrs
Feb 22, 2021Dec 3, 2021−22.1%9 moJun 7, 202215 mo
Aug 26, 1986Nov 19, 1986−19.3%3 moFeb 25, 19876 mo

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 1986: how far White Mountains Insurance Group Ltd. stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is White Mountains Insurance Group Ltd. from its all-time high?
White Mountains Insurance Group Ltd. is currently 4.6% below its all-time high, set Apr 17, 2026 (as of market close, Oct 20, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest White Mountains Insurance Group Ltd. drawdown ever?
The deepest decline on record in our data (since 1986) took White Mountains Insurance Group Ltd. 78.6% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from WTM; no free deep history exists for White Mountains Insurance Group Ltd. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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