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White Mountains Insurance Group WTM Asset Management (Kudu) — Total expenses

Other segment segments

P&C Insurance and Reinsurance (Ark/WM Outrigger)
$367.1M+0.1%
Specialty Insurance Distribution (Distinguished)
$57.9M
Financial Guarantee (HG Global)
$6.4M-9.9%
P&C Insurance Distribution (Bamboo)
$0-100%

Similar metrics at other companies

PNC Financial Services logo
PNCAsset Management Group — Total noninterest expense
$292M+4.7%
KKR & Co. logo
KKRAsset Management — Total
$153.75M-5.6%
Equitable Holdings logo
EQHAsset Management — Benefits, Losses And Expenses, Adjusted
$629M-0.2%
Rithm Capital logo
RITMAsset management — Operating Expenses
$180.53M+52.5%
Equitable Holdings logo
EQHAsset Management — All other operating expense
$873.25M+3.8%
Ameriprise Financial logo
AMPAsset Management — Adjusted Cost And Expenses
$637M+5.3%

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:BenefitsLossesAndExpenses.

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) — total expenses?
White Mountains Insurance Group (WTM) reported asset management (kudu) — total expenses of $11.3M in Q1 2026.
How has White Mountains Insurance Group's asset management (kudu) — total expenses changed year-over-year?
White Mountains Insurance Group's asset management (kudu) — total expenses increased by 8.7% year-over-year, from $10.4M to $11.3M.
What is the long-term trend for White Mountains Insurance Group's asset management (kudu) — total expenses?
Over 4 years (2021 to 2025), White Mountains Insurance Group's asset management (kudu) — total expenses has grown at a 13.4% compound annual growth rate (CAGR), from $26.5M to $43.8M.
What does asset management (kudu) — total expenses mean?
The sum of all operating, administrative, and financing costs incurred by the asset management segment. Analyzing this figure relative to revenues helps determine the segment's operating margin and overall cost efficiency.