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White Mountains Insurance Group WTM Q4 2025 Annual earnings

Reported February 6, 2026 · Before market open

Revenue$576.1MIn line
EPS$39.77Miss by $339.68
Revenue estimate$576.1M
EPS estimate$379.45

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$570.2M
EPS estimate$75.00

Financials

Q4 2025

Income statement

See full
Revenue$1.6B+348%
Gross profit$1.6B+344%
Net income$835.8M—

Balance sheet

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Total debt$893.2M+49.4%
Total equity$5.4B+21.0%
Total assets$12.3B+24.0%

Cash flow

See full
Operating cash flow$53.9M-15.9%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$5.15B+3.0%
Enterprise value$6.04B+8.0%
P/E4.7×—
P/S1.4×-0.9×

Profitability

See full
Gross margin95.9%-2.7pp
Net margin29.6%—

Returns & leverage

See full
Return on equity22.3%—
Debt / equity0.2×0.0×

Segments

By segment

See full
P&C Insurance and Reinsurance (Ark/WM Outrigger)$493.2M+18.2%
P&C Insurance Distribution (Bamboo)$51.0M0.0%
Asset Management (Kudu)$44.8M—
Specialty Insurance Distribution (Distinguished)$43.4M—

Versus estimates

Revenue

Q1 2026$515.4MIn line
Q4 2025$576.1MIn line
Q3 2025$864.2MQ3 2025$689.2MQ1 2025$413.2MQ4 2024$358.0M

Diluted EPS

Q1 2026$12.59Beat by $16.59
Q4 2025$39.77Miss by $339.68
Q3 2025$72.21Beat by $15.21Q3 2025$47.75Miss by $9.25Q1 2025-$20.50Miss by $6.50Q4 2024-$50.78Miss by $17.78

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Questions, answered.

When did White Mountains Insurance Group report Q4 2025 earnings?
White Mountains Insurance Group (WTM) reported Q4 2025 earnings on February 6, 2026 before market open.
What were White Mountains Insurance Group's Q4 2025 revenue and EPS?
White Mountains Insurance Group reported revenue of $576.1M and eps of $39.77 for Q4 2025.
Did White Mountains Insurance Group beat estimates in Q4 2025?
Revenue beat the consensus estimate of $576.1M by -. EPS missed the consensus estimate of $379.45 by $339.68.
How did White Mountains Insurance Group's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 60.9% from $358.0M a year earlier.
Where can I find White Mountains Insurance Group's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-005947) and the 10-K periodic report (0001628280-26-012603) directly on SEC EDGAR. The filing index links above go to sec.gov.