White Mountains Insurance Group, Ltd. (WTM)
NYSE: WTM · Real-Time Price · USD
2,117.86
+16.39 (0.78%)
Aug 4, 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 | Mar '26 Mar 31, 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 | 1,113 | 1,202 | 284.1 | 580.9 | 712.4 | -321.9 |
Depreciation & Amortization | 12.7 | 9 | -6.4 | -17.8 | 4.3 | 21.6 |
Stock-Based Compensation | 18.8 | 18.5 | 16.3 | 15.3 | 14 | 14.7 |
Other Adjustments | -144.8 | -927.2 | -8.5 | -432.4 | -681.5 | 290.2 |
Changes in Receivables | -42.8 | -91.4 | -204.7 | -67 | -127.8 | -179.3 |
Changes in Reinsurance Contract Assets | -258.9 | -247.1 | -147 | 153.3 | -79.8 | 88 |
Changes in Deferred Acquisition Costs | -31.2 | -56.2 | -27.1 | -22.2 | -21.9 | -41.8 |
Changes in Accounts Payable | 248.4 | 163.7 | 107.3 | -170 | -173 | -104.2 |
Changes in Accrued Expenses | 21.9 | 22.9 | -8.4 | 1.6 | - | - |
Changes in Unearned Premiums | 111.6 | 172.7 | 174.4 | 147.9 | 159.3 | 198.6 |
Changes in Claims Reserves | 337.8 | 367.7 | 543 | 308.6 | 401.8 | 198.7 |
Changes in Other Operating Activities | -109.6 | -83.9 | -136.2 | -94.1 | 118.5 | -168.3 |
Operating Cash Flow | 621.2 | 550.5 | 586.8 | 404.1 | 365 | 38.6 |
Operating Cash Flow Growth | 21.78% | -6.19% | 45.21% | 10.71% | 845.60% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Purchases of Investments | -1,902 | -1,552 | -1,989 | -972.1 | -1,189 | -1,641 |
Proceeds from Sale of Investments | 1,348 | 1,366 | 1,204 | 840.1 | 502.6 | 768.5 |
Cash Acquisitions | - | -349.5 | -231.8 | - | -67.9 | 10.6 |
Proceeds from Business Divestments | 6 | 746.5 | - | 17.3 | 1,392 | - |
Other Investing Activities | -422.4 | -878.1 | 569.5 | -429.2 | -529.5 | 709.9 |
Investing Cash Flow | -704 | -666.9 | -447 | -543.9 | 115.5 | -208.3 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 184.8 | 294.7 | 36.6 | 12.4 | 213.8 | 401.7 |
Long-Term Debt Repaid | -25.2 | -17.5 | -38.1 | -25.7 | -56.7 | -120.1 |
Net Long-Term Debt Issued (Repaid) | 159.6 | 277.2 | -1.5 | -13.3 | 157.1 | 281.6 |
Repurchase of Common Stock | -218.6 | -202.6 | -7.9 | -32.7 | -615.8 | -107.5 |
Net Common Stock Issued (Repurchased) | -218.6 | -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 | -31.1 | -36.4 | 16.1 | 55.8 | 134.3 | 47.6 |
Financing Cash Flow | -92.2 | 35.6 | 4.2 | 7.2 | -344.9 | 217.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 Cash Flow | -175 | -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 | Mar '26 Mar 31, 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 |
Free Cash Flow | 621.2 | 550.5 | 586.8 | 404.1 | 365 | 38.6 |
Free Cash Flow Growth | 21.78% | -6.19% | 45.21% | 10.71% | 845.60% | - |
FCF Margin | 16.90% | 14.74% | 26.20% | 18.65% | 31.52% | 6.28% |
Free Cash Flow Per Share | 241.62 | 217.22 | 231.74 | 159.89 | 129.15 | 12.69 |
Levered Free Cash Flow | 1,200 | 1,365 | 185.5 | 494.6 | 957.3 | 0.1 |
Unlevered Free Cash Flow | 1,430 | 1,254 | 295.24 | 644.02 | -131.93 | -300.27 |