WTMNYSEFire, Marine & Casualty InsuranceFiscal year ends December 31
WHITE MOUNTAINS INSURANCE GROUP LTD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$2167.12+6.81 (+0.32%)
Close on Oct 19, 2026
- Market cap
- $5.22B
- P/E (TTM)
- 4.9
- Dividend yield
- 0.05%
WHITE MOUNTAINS INSURANCE GROUP LTD revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P&C Insurance and Reinsurance (Ark/WM Outrigger) | $1.94B | $1.75B | $1.56B | $1.01B | $668.50M | – | – | – | – | – | 52.0% | +11.0% |
| P&C Insurance Distribution (Bamboo) | $246.30M | $179.80M | $0 | $0 | – | – | – | – | – | – | 6.6% | +37.0% |
| Asset Management (Kudu) | $183.40M | $118.80M | $177.10M | $118.50M | $134.00M | – | – | – | – | – | 4.9% | +54.4% |
| Financial Guarantee (HG Global) | $73.60M | -$44.60M | $92.40M | -$46.40M | $23.00M | – | – | – | – | – | 2.0% | -265.0% |
| Specialty Insurance Distribution (Distinguished) | $57.70M | $0 | $0 | – | – | – | – | – | – | – | 1.5% | – |
| BAM | – | – | – | – | – | – | – | – | – | -$7.80M | – | – |
| HG Global | – | – | – | – | – | – | – | – | – | $24.50M | – | – |
| OneBeacon | – | – | – | – | – | – | – | – | – | $1.19B | – | – |
| Other Segments | – | – | – | – | – | – | – | – | $187.30M | $24.50M | – | – |
| Media Alpha | – | – | – | – | $0 | $0 | $48.80M | $297.10M | $163.20M | $116.50M | – | – |
| Financial Guarantee (HG Global/BAM) | – | – | – | -$46.40M | $23.00M | $68.50M | $66.60M | $24.30M | $23.30M | $16.70M | – | – |
| NSM Insurance Group [Member] | – | – | – | – | $330.40M | $285.10M | $233.10M | $101.60M | $0 | $0 | – | – |
| Other Operations | – | – | – | $76.30M | -$211.10M | $781.40M | $523.70M | -$53.90M | $187.30M | $24.50M | – | – |
| Other | – | – | – | – | -$211.10M | $781.40M | $523.70M | -$53.90M | $187.30M | – | – | – |
| Asset Management (Kudu) | – | – | – | $118.50M | $134.00M | $45.70M | $21.20M | $0 | $0 | – | – | – |
| Asset Management (Kudu) | – | – | – | – | $134.00M | $45.70M | $21.20M | – | – | – | – | – |
| Ark | – | – | – | $1.01B | $668.50M | $0 | $0 | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Operations | – | – | – | – | $45.10M | $29.70M | $25.90M | $16.90M | $400.00K | – | – | – |
| Total commission and other revenue | – | – | – | – | $340.00M | $293.40M | $240.00M | $105.70M | $400.00K | – | – | – |
| Advertising revenues | – | – | – | – | – | – | $48.80M | $295.50M | $163.20M | – | – | – |
| Specialty Transportation | – | – | – | – | $97.20M | $85.50M | $77.60M | $28.30M | – | – | – | – |
| Real estate | – | – | – | – | $34.40M | $44.90M | $34.70M | $17.80M | – | – | – | – |
| Social Services | – | – | – | – | $33.90M | $28.90M | $25.90M | $14.70M | – | – | – | – |
| Product and service revenues | – | – | – | – | $87.50M | $14.50M | $5.50M | – | – | – | – | – |
| Pet | – | – | – | – | $76.30M | $55.00M | $45.90M | – | – | – | – | – |
By region
From the segment and revenue-disaggregation notes of White Mountains Insurance's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.