WTM
$2,213.61+2.15%
White Mountains Insurance Group Ltd.Stock · FinancialsRussell 1000 · 0.007% of IWBRussell 3000 · 0.007% of IWVUS Stock Market · 0.007% of VTI
WTM financial statements
The full income statement, balance sheet, and cash-flow statement for White Mountains Insurance Group Ltd. (WTM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 2.6M2024-09 2.6M2024-12 2.6M2025-03 2.6M2025-06 2.6M2025-09 2.6M2025-12 2.5M2026-03 2.5M2026-06 2.4M-7.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 3.73B+66.8% | 2.24B+3.4% | 2.17B+87.1% | 1.16B+88.5% | 614M-31.4% | |
| Cost of revenue | 152M+412.8% | 29.6M-26.7% | 40.4M-59.0% | 98.6M+42.3% | 69.3M+513.3% | |
| Selling, general & administrative | 607M+23.8% | 490M+13.3% | 433M+18.8% | 364M+24.9% | 292M+40.3% | |
| General & administrative | 607M+23.8% | 490M+13.3% | 433M+18.8% | 364M+24.9% | 292M+40.3% | |
| Amortization of intangibles | 28.4M+29.1% | 22.0M+205.6% | 7.20M+38.5% | 5.20M+13.0% | 4.60M+187.5% | |
| Interest expense | 78.4M+28.9% | 60.8M-3.0% | 62.7M+55.6% | 40.3M+96.6% | 20.5M+177.0% | |
| Interest & investment income | — | — | — | 127M+49.2% | 84.8M-35.9% | |
| Equity-method income | — | — | — | — | 0.00 | |
| Pre-tax income | 1.33B+319.5% | 317M-44.0% | 565M+478.4% | -149M+45.4% | -274M-142.4% | |
| Income tax | 127M+289.3% | 32.6M+310.3% | -15.5M-137.4% | 41.4M-6.8% | 44.4M+400.0% | |
| 1.11B+380.2% | 230M-54.8% | 509M-35.8% | 793M+387.9% | -275M-141.5% | ||
| Income from continuing operations | — | 230M-54.8% | 509M+564.2% | -110M+59.7% | -273M-137.8% | |
| Discontinued operations | — | — | — | 903M+31220.7% | -2.90M+69.5% | |
| Net income to non-controlling interest | 95.4M+77.7% | 53.7M-25.1% | 71.7M+189.2% | -80.4M-72.9% | -46.5M-2.6% | |
| Net income to common | 1.09B+379.4% | 227M-54.7% | 502M+563.1% | -108M+59.7% | -269M-138.0% | |
| $430.14+379.1% | $89.79-54.8% | $198.60-28.3% | $276.96+409.6% | -$89.46-139.4% | ||
| EPS (basic) | $430.14+379.1% | $89.79-54.8% | $198.60-28.3% | $276.96+409.6% | -$89.46-139.4% | |
| Weighted-avg shares (basic) | 2.53M+0.1% | 2.53M+0.2% | 2.53M-10.6% | 2.83M-7.1% | 3.04M-1.3% | |
| Weighted-avg shares (diluted) | 2.53M+0.1% | 2.53M+0.2% | 2.53M-10.6% | 2.83M-7.1% | 3.04M-1.3% | |
| Dividends per share | $4.00+0.0% | $4.00+0.0% | $4.00+0.0% | $4.00+0.0% | $4.00+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 186M-30.3% | 266M+117.6% | 122M-52.0% | 255M+72.6% | 148M+74.6% | |
| 12.3B+24.0% | 9.93B+18.4% | 8.39B+13.5% | 7.39B+5.6% | 7.00B+44.9% | ||
| Operating lease right-of-use | 51.2M+57.1% | 32.6M+60.6% | 20.3M-19.4% | 25.2M-10.3% | 28.1M-25.3% | |
| Goodwill | 614M+39.8% | 439M+160.2% | 169M-4.4% | 177M+24.0% | 142M-72.9% | |
| Intangible assets | 406M+44.5% | 281M+39.3% | 202M-6.5% | 216M+8.9% | 198M-22.8% | |
| 6.05B+26.2% | 4.79B+25.4% | 3.82B+10.7% | 3.45B+4.8% | 3.30B+225.2% | ||
| Long-term debt | 837M+48.8% | 563M-0.4% | 565M-1.8% | 575M+36.7% | 421M+11.8% | |
| Operating lease liability (total) | 56.2M+58.3% | 35.5M+61.4% | 22.0M-18.8% | 27.1M-9.7% | 30.0M-21.7% | |
| 5.43B+21.0% | 4.48B+5.7% | 4.24B+13.2% | 3.75B+5.6% | 3.55B-9.2% | ||
| Common stock | 2.50M-3.8% | 2.60M+0.0% | 2.60M+0.0% | 2.60M-13.3% | 3.00M-3.2% | |
| Additional paid-in capital | 577M+2.3% | 564M+2.8% | 549M+2.4% | 536M-8.5% | 586M-1.0% | |
| Retained earnings | 4.85B+23.6% | 3.92B+6.2% | 3.69B+14.9% | 3.21B+8.6% | 2.96B-10.7% | |
| Accumulated other comprehensive income | — | — | -1.60M+54.3% | -3.50M-305.9% | 1.70M+525.0% | |
| Non-controlling interest | 698M+7.9% | 647M+101.6% | 321M+70.7% | 188M+20.1% | 157M+277.8% | |
| Total equity incl. non-controlling | 6.12B+19.3% | 5.13B+12.5% | 4.56B+15.9% | 3.94B+6.2% | 3.70B-3.0% | |
| Total liabilities & equity | 12.3B+24.0% | 9.93B+18.4% | 8.39B+13.5% | 7.39B+5.6% | 7.00B+44.9% | |
| Common shares issued | 2.48M-3.4% | 2.57M+0.3% | 2.56M-0.5% | 2.57M-14.8% | 3.02M-2.7% | |
| Common shares outstanding | 2.48M-3.4% | 2.57M+0.3% | 2.56M-0.5% | 2.57M-14.8% | 3.02M-2.7% | |
| Shares outstanding (cover) | 2.47M-3.7% | 2.56M+0.3% | 2.56M-0.5% | 2.57M-14.4% | 3.00M-3.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 551M-6.2% | 587M+45.2% | 404M+10.7% | 365M+845.6% | 38.6M+163.7% | ||
| Depreciation & amortization | 9.00M+240.6% | -6.40M+64.0% | -17.8M-514.0% | 4.30M-80.1% | 21.6M+125.0% | |
| Intangible amortization | 28.4M+29.1% | 22.0M+205.6% | 7.20M+38.5% | 5.20M+13.0% | 4.60M+187.5% | |
| Share-based compensation | 18.5M+13.5% | 16.3M+6.5% | 15.3M+9.3% | 14.0M-4.8% | 14.7M | |
| Deferred income taxes | 92.1M+729.7% | 11.1M+123.7% | -46.9M-463.6% | 12.9M-62.8% | 34.7M+213.8% | |
| -667M-49.2% | -447M+17.8% | -544M-570.9% | 116M+155.4% | -208M-422.4% | ||
| Acquisitions | 350M+50.8% | 232M | 0.00-100.0% | 67.9M+740.6% | -10.6M | |
| Other investing activities | 100K+101.1% | -9.10M-367.6% | 3.40M-22.7% | 4.40M+215.8% | -3.80M+7.3% | |
| 35.6M+747.6% | 4.20M-41.7% | 7.20M+102.1% | -345M-258.5% | 218M+344.1% | ||
| Long-term debt issued | 295M+705.2% | 36.6M+195.2% | 12.4M-94.2% | 214M-46.8% | 402M | |
| Long-term debt repaid | 17.5M-54.1% | 38.1M+48.2% | 25.7M-54.7% | 56.7M-52.8% | 120M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 203M+2464.6% | 7.90M-75.8% | 32.7M-94.7% | 616M+472.8% | 108M+26.2% | |
| Dividends paid | 2.60M+4.0% | 2.50M-3.8% | 2.60M-13.3% | 3.00M-3.2% | 3.10M-3.1% | |
| Other financing activities | 27.6M+170.6% | 10.2M+172.9% | -14.0M-19.7% | -11.7M+10.0% | -13.0M-12900.0% | |
| FX effect on cash | — | — | — | — | 200K+107.1% | |
| Net change in cash | — | — | — | 107M+70.0% | 63.1M+364.0% | |
| Interest paid | 66.4M+8.9% | 61.0M+44.5% | 42.2M+38.4% | 30.5M+119.4% | 13.9M+127.9% | |
| Income taxes paid | 30.7M-10.5% | 34.3M-19.7% | 42.7M+314.6% | 10.3M+10400.0% | -100K-100.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.13B+2.8% | 4.99B+29.4% | 3.85B+5.8% | 3.64B+19.8% | 3.04B-1.8% | |
| P/E | 4.6×-78.6% | 21.6×+47.7% | 14.6×+215.6% | 4.6× | — | |
| P/S | 1.4×-38.3% | 2.2×+7.9% | 2.1×-44.4% | 3.7×-25.0% | 5.0×+43.2% | |
| P/B | 0.9×-15.0% | 1.1×+13.9% | 1.0×-0.7% | 1.0×+14.6% | 0.9×+8.1% | |
| Earnings yield | 21.6%+367.0% | 4.6%-32.3% | 6.8%-68.3% | 21.5% | — | |
| Dividend yield | 0.19%-6.4% | 0.21%-22.6% | 0.27%-6.0% | 0.28%-28.3% | 0.39%-1.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WTM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WTM filings on SEC EDGAR → Not investment advice.