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White Mountains Insurance Group WTM Casualty-Runoff — Total Reinsurance recoverables on unpaid losses

Other product segments

Marine & Energy
$208.9M+16.0%
Property and Accident & Health
$142.4M+17.2%
Casualty-Active
$113M+40.0%
Specialty
$44.4M-13.5%

Similar metrics at other companies

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BRK.AProperty And Casualty Insurance And Reinsurance Excluding Retroactive Reinsurance — Reinsurance Recoverables On Unpaid Losses Gross
$4.28B-10.5%
Lincoln National logo
LNCFixed Annuities — Reinsurance recoverables on unpaid losses
$2.5B-3.8%
NOD
NODKCrop — Reinsurance Recoverables On Unpaid Losses Gross
$2.42M+2.8%
KG
KGAmTrust Reinsurance legacy business — Reinsurance recoverables on unpaid losses
$379.39M
NOD
NODKAll Other — Reinsurance Recoverables On Unpaid Losses Gross
$6.81M+25.5%
Hippo Holdings logo
HIPOCasualty Lines — Recoverables
$158.9M

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:ReinsuranceRecoverablesOnUnpaidLossesGross.

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, 2024
WM Outrigger Re34.734.9
Unpaid loss and LAE reserves, net of reinsurance recoverables on unpaid losses (1)1,972.71,693.1
Plus: Reinsurance recoverables on unpaid losses
Property and Accident & Health (2)142.4121.5
Marine & Energy208.9180.1
Specialty44.451.3
Casualty-Active113.080.7
Casualty-Runoff(.4).8

Item 16. Form 10-K Summary.

FAQ

What is White Mountains Insurance Group's casualty-runoff — total reinsurance recoverables on unpaid losses?
White Mountains Insurance Group (WTM) reported casualty-runoff — total reinsurance recoverables on unpaid losses of -$400K in Q4 2025.
How has White Mountains Insurance Group's casualty-runoff — total reinsurance recoverables on unpaid losses changed year-over-year?
White Mountains Insurance Group's casualty-runoff — total reinsurance recoverables on unpaid losses decreased by 150.0% year-over-year, from $800K to -$400K.
What does casualty-runoff — total reinsurance recoverables on unpaid losses mean?
The total amount expected to be recovered from reinsurers for unpaid loss and loss adjustment expense reserves. This metric indicates the extent to which the company has transferred its underwriting risk to third-party reinsurers.

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