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White Mountains Insurance Group WTM Casualty-Active — Prior Year

Other product segments

Property and Accident & Health
-$91.7M-414%
Specialty
-$27.2M-179%
Marine & Energy
$4.7M

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HIGProperty & Casualty Other Operations — Prior accident year development [1]
$0

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
MillionsYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Net loss and LAE reserves1,693.11,264.3791.5
Loss and LAE incurred relating to:
Current year losses956.9914.4706.9
Prior year losses(112.7)(58.6)19.9
Net incurred loss and LAE844.2855.8726.8
Loss and LAE paid relating to:
Current year losses(205.6)(109.2)(51.3)
Prior year losses(380.1)(307.5)(356.6)

Item 16. Form 10-K Summary.

FAQ

What is White Mountains Insurance Group's casualty-active — prior year?
White Mountains Insurance Group (WTM) reported casualty-active — prior year of $1.08M in Q4 2025.
How has White Mountains Insurance Group's casualty-active — prior year changed year-over-year?
White Mountains Insurance Group's casualty-active — prior year decreased by 4.4% year-over-year, from $1.13M to $1.08M.
What is the long-term trend for White Mountains Insurance Group's casualty-active — prior year?
Over 2 years (2021 to 2025), White Mountains Insurance Group's casualty-active — prior year has grown at a 7.8% compound annual growth rate (CAGR), from $3.7M to $4.3M.
What does casualty-active — prior year mean?
Represents the prior year loss development or adjustments recognized within the Casualty-Active segment. This metric reflects changes in estimates for claims occurring in previous periods, indicating the accuracy of initial underwriting and reserving assumptions.

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