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White Mountains Insurance Group WTM Asset Management (Kudu) — Nonredeemable noncontrolling interests

Other segment segments

P&C Insurance and Reinsurance (Ark/WM Outrigger)
$447.8M+7.6%
Specialty Insurance Distribution (Distinguished)
$70.6M
Financial Guarantee (HG Global)
-$19.2M-53.6%

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$2.45M-88.1%
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$85.02M

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%

Profitability

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

Returns & leverage

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Return on equity21.2%
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:MinorityInterest.

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 asset management (kudu) — nonredeemable noncontrolling interests?
White Mountains Insurance Group (WTM) reported asset management (kudu) — nonredeemable noncontrolling interests of $135.4M in Q1 2026.
How has White Mountains Insurance Group's asset management (kudu) — nonredeemable noncontrolling interests changed year-over-year?
White Mountains Insurance Group's asset management (kudu) — nonredeemable noncontrolling interests increased by 7.1% year-over-year, from $126.4M to $135.4M.
What does asset management (kudu) — nonredeemable noncontrolling interests mean?
This represents the equity interest in a subsidiary held by third parties that does not carry a redemption feature, meaning it is not subject to mandatory or optional cash buyouts. It reflects the permanent minority ownership stake in the segment's operations. This metric is essential for distinguishing between the parent's equity and the total capital base of the segment.