White Mountains Insurance Group, Ltd. (WTM)
NYSE: WTM · Real-Time Price · USD
2,132.30
+21.35 (1.01%)
Aug 24, 2026, 4:00 PM EDT - Market closed
WTM Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Net Income | 1,122 | 1,106 | 230.4 | 509.2 | 792.8 | -275.4 |
Depreciation & Amortization | 22.7 | 9 | -6.4 | -17.8 | 4.3 | 21.6 |
Gain (Loss) on Sale of Assets | -851.7 | -849.3 | 114.5 | - | - | - |
Gain (Loss) on Sale of Investments | -311.3 | -324 | -185.4 | -434.2 | 191.5 | 246.1 |
Stock-Based Compensation | 19.3 | 18.5 | 16.3 | 15.3 | 14 | 14.7 |
Change in Accounts Receivable | -67.9 | -91.4 | -204.7 | -67 | -127.8 | -179.3 |
Reinsurance Recoverable | -349.9 | -247.1 | -147 | 153.3 | -79.8 | 88 |
Change in Unearned Revenue | 24.8 | 172.7 | 174.4 | 147.9 | 159.3 | 198.6 |
Change in Insurance Reserves / Liabilities | 338.5 | 367.7 | 543 | 308.6 | 401.8 | 198.7 |
Change in Other Net Operating Assets | -68.5 | -34 | -105.7 | -92.5 | 118.5 | -168.3 |
Other Operating Activities | 322.5 | 341.5 | 116.1 | 73.5 | -953.4 | -2.4 |
Operating Cash Flow | 388.2 | 550.5 | 586.8 | 404.1 | 326.3 | 38.6 |
Operating Cash Flow Growth | -17.54% | -6.19% | 45.21% | 23.84% | 745.34% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Cash Acquisitions | -460.1 | -349.5 | -231.8 | - | -67.9 | 10.6 |
Investment in Securities | -654.4 | -1,058 | -236.3 | -627.8 | -1,141 | -812.5 |
Other Investing Activities | -59 | -30.1 | 9.1 | 66.6 | -74.4 | 593.6 |
Investing Cash Flow | -396.8 | -666.9 | -447 | -543.9 | 108.4 | -208.3 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Long-Term Debt Issued | - | 294.7 | 36.6 | 12.4 | 213.8 | 401.7 |
Total Debt Repaid | -177.8 | -17.5 | -38.1 | -25.7 | -56.7 | -120.1 |
Net Debt Issued (Repaid) | 243.6 | 277.2 | -1.5 | -13.3 | 157.1 | 281.6 |
Repurchases of Common Stock | -409.5 | -202.6 | -7.9 | -32.7 | -615.8 | -107.5 |
Common Dividends Paid | -2.4 | -2.6 | -2.5 | -2.6 | -3 | -3.1 |
Other Financing Activities | -33.1 | -36.4 | 16.1 | 55.8 | 134.3 | 46.6 |
Financing Cash Flow | -201.4 | 35.6 | 4.2 | 7.2 | -327.4 | 217.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | - | 15.2 |
Net Cash Flow | -210 | -80.8 | 144 | -132.6 | 107.3 | 63.1 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Levered Free Cash Flow | 687 | 755.35 | 403.61 | -39.59 | -144.86 | -269.46 |
Unlevered Free Cash Flow | 737.69 | 804.35 | 441.61 | -0.4 | -119.68 | -256.65 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Cash Interest Paid | 71.2 | 66.4 | 61 | 42.2 | 30.5 | 13.9 |
Cash Income Tax Paid | 28.2 | 30.7 | 34.3 | 42.7 | 10.3 | -0.1 |
Change in Working Capital | 64.8 | 248.4 | 301.3 | 258.1 | 277.1 | -8.3 |