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White Mountains Insurance Group WTM Bamboo Captive — Unearned Premiums

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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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersUnearnedPremiums.

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 — unearned premiums?
White Mountains Insurance Group (WTM) reported bamboo captive — unearned premiums of $0 in Q4 2025.
What does bamboo captive — unearned premiums mean?
Represents the portion of premiums written that has not yet been earned by the insurer because the policy coverage period is still active. This liability reflects the company's obligation to provide future insurance coverage for the remainder of the policy term. It serves as a leading indicator of future revenue recognition and potential underwriting volume.