White Mountains Insurance Group (WTM) Bamboo CRV — Amortization of Deferred Acquisition Costs

Screener

Other segment segments

Financial Guarantee (HG Global)

$8M-2.4%

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ACGLInsurance — Amortization of Deferred Acquisition Costs

$374M+22.9%

ACGLMortgage — Amortization of Deferred Acquisition Costs

$3.25M+550%

ACGLReinsurance — Amortization of Deferred Acquisition Costs

$411M+14.8%

EGInsurance — Amortization of Deferred Acquisition Costs

$122M+11.2%

EGOther — Amortization of Deferred Acquisition Costs

$5.25M-12.5%

EGReinsurance — Amortization of Deferred Acquisition Costs

$738M+4.1%

Other financials

Income statement

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Revenue$844.6M+22.5%

Gross profit$764.5M+18.2%

Net income$199.5M+62.3%

Balance sheet

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Total debt$932.5M+34.2%

Total equity$5.4B+16.0%

Total assets$13.8B+16.4%

Cash flow

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Operating cash flow-$55.5M-131%

Valuation

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Market cap$5.3B+15.6%

P/E4.7×—

P/S1.4×-0.5×

Profitability

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Gross margin94.1%-3.2pp

Net margin29.3%—

Returns & leverage

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Return on equity22.4%—

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:SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts.

The source filing: White Mountains Insurance Group’s 10-K, filed February 27, 2026.

Filed: Feb 27, 2026, 9:21 AM EST
Fiscal year: FY2025
Accession: 0001628280-26-012603

Years ended: / December 31, 2025	Column A / Millions / Years ended: / December 31, 2025	Column B / Deferred Acquisition Costs	Column C / Future Policy Benefits, Losses, Claimsand Loss Expenses	Column D / Unearned Premiums	Column E / Other Policy Claims and Benefits Payable	Column F / Premiums Earned	Column G / Net Investment Income	Column H / Benefits,Claims,Losses and Settlement Expenses	Column I / Amortizationof Deferred Acquisition Costs	Column J / Other Operating Expenses	Column K / Premiums Written
	Ark/WM Outrigger	$211.1	$2,481.0	$1,026.1	—	$1,697.4	$106.5	$844.2	$374.4	$143.9	$1,811.6
	HG Global	96.9	—	327.9	—	30.8	27.1	—	8.0	—	61.4
	Bamboo Captive (1)	—	—	—	—	26.7	1.8	18.0	9.7	—	16.1
	Bamboo CRV	2.5	13.6	9.6	—	22.2	1.5	20.0	8.3	—	1.4
December 31, 2024
	Ark/WM Outrigger	165.2	2,127.5	853.3	—	1,587.8	90.7	855.8	294.1	136.1	1,679.1
	HG Global	86.6	—	297.3	—	31.7	32.2	—	8.2	.2	56.0
	Bamboo Captive	10.2	17.8	31.5	—	39.4	1.4	20.6	14.1	—	50.0

Item 16. Form 10-K Summary.

FAQ

What is White Mountains Insurance Group's bamboo CRV — amortization of deferred acquisition costs?: White Mountains Insurance Group (WTM) reported bamboo CRV — amortization of deferred acquisition costs of $2.08M in Q4 2025.
How has White Mountains Insurance Group's bamboo CRV — amortization of deferred acquisition costs changed year-over-year?: White Mountains Insurance Group's bamboo CRV — amortization of deferred acquisition costs decreased by 31.4% year-over-year, from $3.03M to $2.08M.
What does bamboo CRV — amortization of deferred acquisition costs mean?: The systematic expensing of previously capitalized acquisition costs over the duration of the insurance policy. This reflects the ongoing cost of maintaining the business and is essential for accurate periodic profitability analysis.