White Mountains Insurance Group, Ltd. (WTM)
NYSE: WTM · Real-Time Price · USD
2,254.95
+8.43 (0.38%)
At close: Nov 13, 2026, 4:00 PM EST
2,269.00
+14.05 (0.62%)
After-hours: Nov 13, 2026, 7:48 PM EST
WTM Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Investments in Debt Securities | 3,061 | 2,787 | 2,486 | 2,119 | 1,931 | 1,923 |
Investments in Equity & Preferred Securities | 1,208 | 1,109 | 1,212 | 1,106 | 1,035 | 666.5 |
Other Investments | 4,029 | 4,458 | 2,837 | 2,969 | 2,030 | 1,688 |
Total Investments | 8,298 | 8,355 | 6,538 | 6,197 | 4,999 | 4,278 |
Cash & Equivalents | 134.6 | 183.7 | 176.8 | 121.7 | 236.7 | 143.2 |
Reinsurance Recoverable | 1,076 | 836.1 | 589 | 442 | 595.3 | 448.4 |
Other Receivables | 1,754 | 1,239 | 1,056 | 829.7 | 737.9 | 506.9 |
Deferred Policy Acquisition Cost | 366.8 | 308 | 251.8 | 185.4 | 163.2 | 141.3 |
Property, Plant & Equipment | - | 51.2 | 32.6 | 20.3 | 25.2 | 28.1 |
Goodwill | 720.7 | 614.1 | 168.8 | 168.8 | 176.5 | 142.3 |
Other Intangible Assets | 448.7 | 406.1 | 196.5 | 201.8 | 215.9 | 198.2 |
Restricted Cash | 32.4 | 1.2 | 14.1 | 0.7 | 18.3 | 4.5 |
Other Current Assets | 4.9 | 5 | 592.2 | - | - | 1,005 |
Other Long-Term Assets | 525.9 | 307.1 | 310.1 | 218.3 | 221 | 104.8 |
Total Assets | 13,363 | 12,307 | 9,926 | 8,386 | 7,389 | 7,001 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Accrued Expenses | 55.4 | 102.9 | 79.3 | 87.7 | 114.1 | 73.2 |
Insurance & Annuity Liabilities | 2,747 | 2,495 | 2,140 | 1,605 | 1,297 | 894.7 |
Unearned Premiums | 1,770 | 1,364 | 1,180 | 1,069 | 921.5 | 762.2 |
Reinsurance Payable | 492.3 | 286.2 | 149.5 | 81.1 | 251.1 | 424.1 |
Current Portion of Long-Term Debt | - | 8.1 | - | - | - | - |
Current Portion of Leases | - | 9.2 | - | - | - | - |
Long-Term Debt | 928.6 | 828.9 | 562.5 | 564.6 | 575.2 | 420.9 |
Long-Term Leases | - | 47 | 35.5 | 22 | 27.1 | 30 |
Other Current Liabilities | 403.7 | 331.9 | 328.9 | 94 | 45.3 | 523.3 |
Other Long-Term Liabilities | 695.8 | 579 | 319.7 | 300.4 | 223.5 | 167.6 |
Total Liabilities | 7,136 | 6,051 | 4,795 | 3,824 | 3,454 | 3,296 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Common Stock | 2.4 | 2.5 | 2.6 | 2.6 | 2.6 | 3 |
Additional Paid-In Capital | 572.3 | 576.5 | 563.8 | 548.7 | 536 | 585.9 |
Retained Earnings | 4,777 | 4,846 | 3,919 | 3,691 | 3,212 | 2,958 |
Comprehensive Income & Other | 1.3 | 0.8 | -1.7 | -1.6 | -3.5 | 1.7 |
Total Common Equity | 5,353 | 5,425 | 4,484 | 4,241 | 3,747 | 3,548 |
Minority Interest | 873.2 | 829.7 | 647.3 | 321.1 | 188.1 | 156.6 |
Shareholders' Equity | 6,226 | 6,255 | 5,131 | 4,562 | 3,935 | 3,705 |
Total Liabilities & Equity | 13,363 | 12,307 | 9,926 | 8,386 | 7,389 | 7,001 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Filing Date Shares Outstanding | 2.36 | 2.43 | 2.54 | 2.53 | 2.54 | 2.98 |
Total Common Shares Outstanding | 2.36 | 2.45 | 2.53 | 2.52 | 2.53 | 2.98 |
Total Debt | 928.6 | 893.2 | 598 | 586.6 | 602.3 | 450.9 |
Net Cash (Debt) | -794 | -709.5 | -421.2 | -464.9 | -365.6 | -307.7 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -326.68 | -279.96 | -166.34 | -183.95 | -129.36 | -101.13 |
Book Value Per Share | 2272.93 | 2217.38 | 1770.28 | 1680.83 | 1478.76 | 1190.67 |
Tangible Book Value | 4,184 | 4,405 | 4,118 | 3,870 | 3,355 | 3,208 |
Tangible Book Value Per Share | 1776.40 | 1800.42 | 1626.05 | 1533.94 | 1323.90 | 1076.40 |