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White Mountains Insurance Group WTM Asset Management (Kudu) — Earned insurance premiums

Other segment segments

P&C Insurance Distribution (Bamboo)
$0
Specialty Insurance Distribution (Distinguished)
$0
WTM Partners
$0

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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:PremiumsEarnedNet.

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
Earned insurance premiums (1)$375.4$.8$7.7$.7$384.6
Net investment income (2)26.91.119.07.8.615.570.9
Net realized and unrealized investment gains (losses) (2)30.549.7(2.0)72.4150.6
Net realized and unrealized investment gains (losses) from investment in MediaAlpha58.458.4
Interest income from BAM Surplus Notes6.96.9
Commission and fee revenues (1)56.63.860.4
Product and services revenues92.814.7107.5
Other revenues (1) (2)4.9.2.25.3

Item 1. Financial Statements (Unaudited)

FAQ

What is White Mountains Insurance Group's asset management (kudu) — earned insurance premiums?
White Mountains Insurance Group (WTM) reported asset management (kudu) — earned insurance premiums of $0 in Q2 2026.
What does asset management (kudu) — earned insurance premiums mean?
The portion of insurance premiums recognized as revenue over the period the coverage is provided, specifically attributed to the asset management segment. This metric tracks the core underwriting activity and risk-transfer revenue generated by the segment's insurance-related operations.

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