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Other financials

Income statement

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Revenue$844.6M+22.5%
Gross profit$764.5M+18.2%
Net income$199.5M+62.3%

Balance sheet

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Total debt$932.5M+34.2%
Total equity$5.4B+16.0%
Total assets$13.8B+16.4%

Cash flow

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Operating cash flow-$55.5M-131%

Valuation

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Market cap$5.3B+15.6%
P/E4.7×
P/S1.4×-0.5×

Profitability

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Gross margin94.1%-3.2pp
Net margin29.3%

Returns & leverage

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Return on equity22.4%
Debt / equity0.2×0.0×

Where this comes from

Reported directly by White Mountains Insurance Group in its filing.

Tagged under the XBRL concept us-gaap:AssumedPremiumsEarned.

The source filing: White Mountains Insurance Group’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 9:21 AM EST
Fiscal year
FY2025
Accession
0001628280-26-012603
MillionsHG GlobalBAMEliminationsTotal
Written premiums:
Direct$24.1$24.1
Assumed52.4(20.5)31.9
Gross written premiums (1)$52.4$24.1$(20.5)$56.0
Earned premiums:
Direct$15.8$15.8
Assumed28.91.0(14.0)15.9
Gross earned premiums (1)$28.9$16.8$(14.0)$31.7

Item 16. Form 10-K Summary.

FAQ

What is White Mountains Insurance Group's ark — assumed?
White Mountains Insurance Group (WTM) reported ark — assumed of $299.73M in Q4 2025.
How has White Mountains Insurance Group's ark — assumed changed year-over-year?
White Mountains Insurance Group's ark — assumed increased by 10.2% year-over-year, from $272.05M to $299.73M.
What is the long-term trend for White Mountains Insurance Group's ark — assumed?
Over 4 years (2021 to 2025), White Mountains Insurance Group's ark — assumed has grown at a 38.0% compound annual growth rate (CAGR), from $330.4M to $1.2B.
What does ark — assumed mean?
Refers to the volume of insurance risk and premiums that the segment accepts from other insurance companies through reinsurance agreements. This metric indicates the segment's role as a reinsurer and its appetite for taking on risk from the broader market. Growth in assumed business reflects the segment's competitive position and its expansion into new risk pools.

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