White Mountains Insurance Group, Ltd. (WTM) Stock Price & Analysis
White Mountains Insurance Group, Ltd. (WTM) closed at USD 2,247.52 on Thursday, October 22, 2026, up 1.70% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 2,209.95; the Oct 22, 2026 session ranged USD 2,200.36–2,252.42 on volume of 22,340 shares. Market capitalization is $5.36B, with a 52-week range of USD 1,863.6–2,333 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:01 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WTM.md
Key facts (WTM)
- Last four reported quarters (through Jun 30, 2026): revenue $3.83B, net income $1.12B (29.3% margin) (SEC filings).
- Total return with dividends: 1Y +16.0% vs S&P 500 +14.9%; 5Y +104.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD —, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WTM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $614M | $1.16B | $2.17B | $2.24B | $3.73B | $3.83B |
| Gross profit | $545M | $1.06B | $2.13B | $2.21B | $3.58B | — |
| Net income | -$275M | $793M | $509M | $230M | $1.11B | $1.12B |
| EPS (diluted) | -$89.46 | $276.96 | $198.60 | $89.79 | $430.14 | — |
| Gross margin | 88.7% | 91.5% | 98.1% | 98.7% | 95.9% | — |
| Net margin | -44.8% | 68.5% | 23.5% | 10.3% | 29.6% | 29.3% |
| Revenue growth | -31.4% | +88.5% | +87.1% | +3.4% | +66.8% | — |
| Cash + short-term investments | $148M | $255M | $122M | $266M | $186M | — |
| Total debt | $421M | $575M | $565M | $563M | $837M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WTM)
P/E at fiscal year-ends: Dec 2025 4.8x, Dec 2024 21.4x, Dec 2023 7.5x.
Total return (dividends reinvested) (WTM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +16.0% | +104.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.1% | +15.4% |
| Volatility (annualized) | 19.1% | 22.1% |
| Max drawdown | -14.2% (Apr 2026→Jun 2026) | -14.9% (Feb 2023→May 2023) |
WTM revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| P&C Insurance and Reinsurance (Ark/WM Outrigger) | $439.6M | 52.0% | -1.9% |
| WTM Partners | $92.8M | 11.0% | +116.8% |
| Asset Management (Kudu) | $68.9M | 8.2% | +237.7% |
| Specialty Insurance Distribution (Distinguished) | $57.4M | 6.8% | — |
| HG Global | $20.4M | 2.4% | -15.7% |
| Total revenue | $844.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
WTM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | MediaAlpha, Inc. (MAX) | “White Mountains's Other Operations consists of the Company and its wholly-owned subsidiary, WM Capital, its other intermediate holding companies, its wholly-owned investment management subsidiary, WM Advisors, investment assets managed by WM Advisors, its interests in the Bamboo SPV, MediaAlpha, PassportCard/DavidShield, BroadStreet, Elementum, WTM Partners, Enterprise Solutions, the Bamboo CRVs, Other Operating B…” |
Quoted from the company's 10-K filed Feb 27, 2026.
WTM company outlook (results filed Aug 6, 2026)
- “White Mountains expects to file its Form 10-Q today with the Securities and Exchange Commission and urges shareholders to refer to that document for more complete information concerning its financial results. 5 WHITE MOUNTAINS INSURANCE GROUP, LTD.”
Quoted word-for-word from the SEC 8-K results press release.
WTM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends Jun 2019) | — | — | — | $0 | — |
| Current fiscal year (ends Dec 2019) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
Key Statistics (as of October 23, 2026 at 10:01 UTC)
| Price | USD 2,247.52 |
|---|---|
| Change | ▲ 1.70% (up) |
| Previous Close | USD 2,209.95 |
| Open | USD 2,220.1 |
| Day Range | USD 2,200.36 – 2,252.42 |
| 52-Week Range | USD 1,863.6 – 2,333 |
| Volume | 22,340 shares |
| Market Cap | $5.36B |
| Exchange | NYQ |
Technical Analysis (WTM)
Nexqual's technical model rates WTM "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 10:01 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 80.76 (overbought) |
| vs SMA50 | Above (USD 2,090.19) |
| MACD | 39 (positive) |
Earnings (WTM)
| Next Earnings Date | 2026-11-05 |
|---|
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2018-12-31 | USD -2.99 vs est 1.16 ▼ miss |
| 2018-09-30 | USD -2.52 vs est 2.37 ▼ miss |
| 2018-06-30 | USD -2.04 vs est 0.13 ▼ miss |
| 2018-03-31 | USD -0.61 vs est -1.07 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Financials & Fundamentals (WTM)
| Total Revenue | $2.98B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +22.50% |
| Gross Margin | +53.34% |
| Operating Margin | +36.41% |
| Profit Margin | +37.66% |
| ROE | +20.36% |
| Debt / Equity | 0.15 |
| Current Ratio | 1.42 |
| Total Cash | $1.08B |
| Total Debt | $932.50M |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Ownership (WTM)
| Insider Ownership | +3.22% |
|---|---|
| Institutional Ownership | +96.31% |
| Shares Outstanding | 2.39M |
| Float | 2.28M |
| Short % of Float | +6.04% |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
From White Mountains Insurance Group, Ltd.'s Latest SEC 10-K Filing (filed 2026-02-27)
Partnerships
- Ark renewed its quota share reinsurance agreement with Outrigger Re Ltd. for the 2024, 2025 and 2026 underwriting years.
- During the year ended December 31, 2024, WM Outrigger Re commuted its reinsurance agreement with GAIL for the 2023 underwriting year.
Legal & Regulatory Risks (Item 1A, quoted)
- Regulation may have a material adverse effect on our operations and financial condition.
- We could be materially adversely affected if our controls designed to ensure compliance with guidelines, policies, and legal and regulatory standards are not effective.
- Other Risks Related to White Mountains and its Subsidiaries
- We may be unable to adequately maintain our systems and safeguard the security of our data, which could adversely impact our ability to operate our business and cause reputational harm and, consequently, could materially adversely affect our results of operations and financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RNR | RenaissanceRe Holdings Ltd. | USD 362.59 | ▲ 2.12% |
| THG | Hanover Insurance Group Inc | USD 239.59 | ▲ 3.3% |
| RLI | RLI Corp. | USD 67.01 | ▲ 4.87% |
| CNA | CNA Financial Corporation | USD 49.39 | ▲ 2.21% |
| SIGI | Selective Insurance Group, Inc. | USD 91.74 | ▲ 0.72% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:01 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt