White Mountains Insurance/$WTM
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About White Mountains Insurance
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services, and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in five areas: property and casualty insurance and reinsurance, municipal bond reinsurance, capital solutions for asset and wealth management firms, property and casualty insurance distribution, and other operations. The company has four reportable segments: Ark/WM Outrigger, HG Global, Kudu and Distinguished.
- Ticker
- $WTM
- Sector
- Finance
- Primary listing
- NYSE
- Employees
- 1,648
- Headquarters
- Hamilton, Bermuda
- Website
- www.whitemountains.com
WTM Metrics
BasicAdvanced
$5.3B
5.06
$443.45
0.30
$1.00
0.04%
Price and volume
Market cap
$5.3B
Beta
0.3
52-week high
$2,333.00
52-week low
$1,863.60
Average daily volume
20K
Dividend rate
$1.00
Financial strength
Current ratio
1.284
Quick ratio
0.84
Long term debt to equity
0.149
Total debt to equity
0.149
Dividend payout ratio (TTM)
0.21%
Interest coverage (TTM)
8.95%
Profitability
EBITDA (TTM)
748.6
Gross margin (TTM)
53.34%
Net profit margin (TTM)
37.66%
Operating margin (TTM)
24.37%
Effective tax rate (TTM)
9.92%
Revenue per employee (TTM)
$1,810,000
Management effectiveness
Return on assets (TTM)
3.55%
Return on equity (TTM)
20.36%
Valuation
Price to earnings (TTM)
5.064
Price to revenue (TTM)
1.856
Price to book
0.98
Price to tangible book (TTM)
1.26
Price to free cash flow (TTM)
14.244
Free cash flow yield (TTM)
7.02%
Free cash flow per share (TTM)
157.642
Dividend yield (TTM)
0.04%
Forward dividend yield
0.04%
Growth
Revenue change (TTM)
15.52%
Earnings per share change (TTM)
457.21%
3-year revenue growth (CAGR)
19.83%
10-year revenue growth (CAGR)
11.46%
3-year earnings per share growth (CAGR)
1.34%
10-year earnings per share growth (CAGR)
15.94%
Bulls say / Bears say
Book value per share rose 4% in Q2 and 3% in the first half of 2026, including dividends. The company also repurchased $191 million of shares in Q2, returning capital while its book value grew. (SEC)
Ark delivered an 84% Q2 combined ratio, improving on the year-earlier 85%, and grew tangible book value by 6% in the quarter. That points to resilient underwriting and balance-sheet growth despite catastrophe losses. (SEC)
The group has earnings drivers beyond insurance: Kudu generated a 15% trailing 12-month return on equity, while Distinguished grew managed premiums and adjusted EBITDA in Q2. This broadens the sources of potential growth across its businesses. (SEC)
Ark’s Q2 gross written premiums fell 5% year on year to $778 million as softer property rates offset growth in specialty lines. That raises the risk that premium growth and underwriting returns will weaken as the market softens. (Reinsurance News)
Ark recorded $42 million of net losses linked to the Iran war in the first half of 2026, and the conflict remains an ongoing exposure. Further losses could erode underwriting profits and book value. (SEC)
Ark’s 84% Q2 combined ratio included eight points of favourable prior-year reserve development. If that benefit fades, the headline ratio may overstate the level of underwriting profitability the business can sustain. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 16 Oct 2026.
WTM Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
Funds containing WTM
Fund name | Fund size | $WTM weighting |
|---|---|---|
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.15% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $3.2B | 0.15% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.13% |
Xtrackers MSCI World Small Cap$XSWC | $183M | 0.06% |
iShares MSCI World Small Cap£WLDS | $9B | 0.05% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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