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Other financials

Income statement

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Revenue$517.8M-10.4%
Gross profit$475.1M-16.7%
Net income-$27.2M-180%

Balance sheet

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Total debt$834.8M+23.5%
Total equity$5.4B+19.2%
Total assets$13.2B+19.7%

Cash flow

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Operating cash flow$30.5M+176%

Valuation

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Market cap$4.99B+9.8%
P/E4.8×
P/S1.4×-0.7×

Profitability

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Gross margin94.9%-3.7pp
Net margin28.4%

Returns & leverage

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Return on equity21.2%

Where this comes from

Calculated from White Mountains Insurance Group’s reported figures.

Based on the most recent quarter.

The official record: White Mountains Insurance Group’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is White Mountains Insurance Group's debt-to-equity?
White Mountains Insurance Group (WTM) reported debt-to-equity of 0.2× in Q1 2026.
How has White Mountains Insurance Group's debt-to-equity changed year-over-year?
White Mountains Insurance Group's debt-to-equity increased by 3.7% year-over-year, from 0.1× to 0.2×.
What is the long-term trend for White Mountains Insurance Group's debt-to-equity?
Over 5 years (2020 to 2025), White Mountains Insurance Group's debt-to-equity has grown at a 9.2% compound annual growth rate (CAGR), from 0.1× to 0.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.