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White Mountains Insurance Group WTM Bamboo Captive — Premiums Earned, Net

Other segment segments

P&C Insurance and Reinsurance (Ark/WM Outrigger)
$373.8M+4.4%
Financial Guarantee (HG Global)
$7.7M-6.1%
Asset Management (Kudu)
$0
P&C Insurance Distribution (Bamboo)
$0
Specialty Insurance Distribution (Distinguished)
$0

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METProperty and casualty insurance — Premiums Earned, Net
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MTGNet premiums earned
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EQHNet premiums earned
$240M-21.1%

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%
P/E4.8×
P/S1.4×-0.7×

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:PremiumsEarnedNet.

The official record: White Mountains Insurance Group’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is White Mountains Insurance Group's bamboo captive — premiums earned, net?
White Mountains Insurance Group (WTM) reported bamboo captive — premiums earned, net of $6.68M in Q4 2025.
How has White Mountains Insurance Group's bamboo captive — premiums earned, net changed year-over-year?
White Mountains Insurance Group's bamboo captive — premiums earned, net decreased by 32.2% year-over-year, from $9.85M to $6.68M.
What does bamboo captive — premiums earned, net mean?
The portion of net written premiums that corresponds to the expired period of the insurance policies. It represents the revenue recognized by the captive segment after accounting for reinsurance cessions.