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White Mountains Insurance Group WTM Asset Management (Kudu) — Amortization of other intangible assets

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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 wtm:AmortizationOfOtherIntangibleAssets.

The source filing: White Mountains Insurance Group’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:50 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053932
Millions / Three Months Ended June 30, 2026Ark/WM Outrigger / ArkArk/WM Outrigger / WM Outrigger ReKuduHG GlobalDistinguishedWTM PartnersOther OperationsTotal
Insurance acquisition expenses (3)103.4.32.1.3106.1
Cost of sales72.67.580.1
Broker commission expenses23.323.3
Amortization of other intangible assets (4)6.41.3.98.6
General and administrative expenses (3) (4) (5)44.44.74.234.614.241.2143.3
Change in fair value of contingent consideration31.731.7
Interest expense4.17.23.73.6.6.619.8
Total expenses359.3.211.910.067.988.750.6588.6

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's asset management (kudu) — amortization of other intangible assets?
White Mountains Insurance Group (WTM) reported asset management (kudu) — amortization of other intangible assets of $0 in Q2 2026.
What does asset management (kudu) — amortization of other intangible assets mean?
This represents the periodic non-cash expense recognized to allocate the cost of acquired intangible assets over their estimated useful lives. It reflects the gradual consumption of the economic value inherent in acquired management contracts or intellectual property. Monitoring this expense helps investors understand the impact of past acquisitions on current reported earnings.

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