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White Mountains Insurance Group WTM Bamboo CRV — Prior Year

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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:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.

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
Column A / Affiliation withregistrantColumn B / Deferred acquisitioncostsColumn C / Reservesfor Unpaid Claims and Claims Adjustment ExpensesColumn D / Discount, if any, deducted in Column CColumn E / Unearned PremiumsColumn F / Earned PremiumsColumn G / Net investmentincomeColumn H / Claims and Claims Adjustment Expenses Incurred Related to / Current YearColumn H / Claims and Claims Adjustment Expenses Incurred Related to / Prior YearColumn I / Amortizationof deferredpolicy acquisitioncostsColumn J / Paid Claims and Claims Adjustment ExpensesColumn K / Net Premiumswritten
Bamboo Captive (1)
2025$26.7$1.8$16.0$2.0$9.7$27.2$16.1
202410.217.831.539.41.417.33.314.112.050.0
2023
Bamboo CRVs
2025$2.5$13.6$9.6$22.2$1.5$16.2$3.8$8.3$16.4$1.4
20245.812.129.032.7.412.112.161.7
2023

Item 16. Form 10-K Summary.

FAQ

What is White Mountains Insurance Group's bamboo CRV — prior year?
White Mountains Insurance Group (WTM) reported bamboo CRV — prior year of $950K in Q4 2025.
What does bamboo CRV — prior year mean?
Represents adjustments to loss reserves for claims that occurred in previous reporting periods. Positive or negative values indicate the accuracy of prior actuarial estimates and reserve development trends.

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