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White Mountains Insurance Group WTM Asset Management (Kudu) — Other revenues

Other segment segments

P&C Insurance and Reinsurance (Ark/WM Outrigger)
$6.7M+205%
Specialty Insurance Distribution (Distinguished)
$700K
Financial Guarantee (HG Global)
$100K0.0%
Distinguished, net
$0
P&C Insurance Distribution (Bamboo)
$0-100%

Similar metrics at other companies

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RITMOther asset management revenue — Revenue
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AMPAsset Management — Revenue from other sources
$17M+54.5%
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RJFAsset Management — Revenue
$327M+13.1%
Apollo Global Management logo
APOAsset Management — Other income (loss), net
$30M+114%
State Street logo
STTInvestment Management — Other fee revenue
$5M+350%
Rithm Capital logo
RITMAsset management — Other income (loss), net
$9.48M+20.9%

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:OtherIncome.

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) — other revenues?
White Mountains Insurance Group (WTM) reported asset management (kudu) — other revenues of $200K in Q1 2026.
How has White Mountains Insurance Group's asset management (kudu) — other revenues changed year-over-year?
White Mountains Insurance Group's asset management (kudu) — other revenues decreased by 50.0% year-over-year, from $400K to $200K.
What is the long-term trend for White Mountains Insurance Group's asset management (kudu) — other revenues?
Over 4 years (2021 to 2025), White Mountains Insurance Group's asset management (kudu) — other revenues has grown at a 56.5% compound annual growth rate (CAGR), from $200K to $1.2M.
What does asset management (kudu) — other revenues mean?
Includes ancillary income streams generated by the asset management segment that are not classified as core investment income or primary management fees. Monitoring this helps identify secondary revenue sources and the diversification of the segment's income base.