White Mountains Insurance Group, Ltd. (WTM)

WTM Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt Securities	4,651	3,416	3,597	2,845	2,367
Equity and Preferred Securities	483	650	538.4	668.4	251.1
Other Investments	3,529	2,734	2,259	1,657	1,639
Total Investments	8,324	6,418	6,389	5,170	3,588
Cash & Equivalents	184.9	190.9	122.4	255	147.7
Reinsurance Contract Assets	836.1	589	442	595.3	515.5
Deferred Acquisition Costs	308	251.8	185.4	163.2	141.3
Other Receivables	930.8	791	629.8	563.1	439.8
Other Intangible Assets	1,020	365.3	370.6	392.4	340.5
Other Assets	363.6	938.3	241.5	250.3	1,158
Total Assets	12,307	9,926	8,386	7,389	7,001
Unearned Premiums	1,364	1,180	1,069	921.5	762.2
Claims Reserves	2,495	2,140	1,605	1,297	894.7
Accounts Payable	367.5	149.5	81.1	251.1	424.1
Accrued Expenses	102.9	79.3	87.7	114.1	73.2
Total Debt	837	562.5	564.6	575.2	420.9
Other Liabilities	885.8	684.1	416.4	295.9	720.9
Total Liabilities	6,051	4,795	3,824	3,454	3,296
Common Stock	2.5	2.6	2.6	2.6	3
Additional Paid-in Capital	576.5	563.8	548.7	536	585.9
Accumulated Other Comprehensive Income	0.8	-1.7	-1.6	-3.5	1.7
Retained Earnings	4,846	3,919	3,691	3,212	2,958
Total Common Shareholders' Equity	5,425	4,484	4,241	3,747	3,548
Minority Interest	829.7	647.3	321.1	188.1	156.6
Shareholders' Equity	6,255	5,131	4,562	3,935	3,705
Total Liabilities & Equity	12,307	9,926	8,386	7,389	7,001
Book Value	5,425	4,484	4,241	3,747	3,548
Book Value Per Share	2140.79	1770.67	1677.88	1325.77	1166.18
Tangible Book Value	4,405	4,118	3,870	3,355	3,208
Tangible Book Value Per Share	1738.23	1626.41	1531.24	1186.93	1054.26

Updated Feb 6, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q