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White Mountains Insurance Group WTM Casualty-Active — Incurred Loss and LAE, Net of Reinsurance

Other product segments

Property and Accident & Health
$1.52B+316%
Specialty
$918.1M+311%
Marine & Energy
$248.1M+2.0%
Casualty-Runoff
$137M+265%

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$4.01B+736%
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EGCasualty Insurance — Ultimate incurred loss and allocated loss adjustment expenses, net of reinsurance
3,570,700,000,000%+3,075,700,000,000pp
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FRHCAccident Insurance — Incurred losses and LAE, net of reinsurance for the years ended March 31
$683K-92.9%
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AFGProperty and casualty insurance — Incurred Claims and Allocated LAE, Net of Reinsurance
$28.8B+653%
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FRHCLife Insurance — Incurred losses and LAE, net of reinsurance for the years ended March 31
$4.91M-80.4%

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:ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet.

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 casualty-active — incurred loss and LAE, net of reinsurance?
White Mountains Insurance Group (WTM) reported casualty-active — incurred loss and LAE, net of reinsurance of $303.2M in Q4 2025.
How has White Mountains Insurance Group's casualty-active — incurred loss and LAE, net of reinsurance changed year-over-year?
White Mountains Insurance Group's casualty-active — incurred loss and LAE, net of reinsurance increased by 360.1% year-over-year, from $65.9M to $303.2M.
What does casualty-active — incurred loss and LAE, net of reinsurance mean?
The total losses and loss adjustment expenses incurred during the period for the Casualty-Active segment, net of reinsurance recoveries. This is a key indicator of underwriting performance and the profitability of the insurance products within this segment.